Hey there Steemers, today I have an interesting topic which hopefully will make the future of Bitcoin a brighter place! Is it possible that you can live on Bitcoin? That's todays main question which I am going to answer for you.
Some people have been living on Bitcoin for more than 3 years, but there are some limitations; what is available for you to buy with Bitcoin at this moment in time? Well, quite a lot of things actually:
- Online Shopping Stores Taking Bitcoin As Payment
- Travel
- Computers and Electronics
- Web Domains and Hosting
- Food and Groceries
- Luxury Items such as Mansions
- Freelance Work such as Graphic Design
What is the thought of living on Bitcoin at the moment?
In everyday life there's a false sense of stability. Prices are denoted in a national currency and unless you have hyper-inflation products only change in price sporadically. However, the currency is fluctuating all the time against other currencies. Paying/earning in bitcoin is like paying on a holiday in another country, you pay a different conversion-rate every time you pay something. This isn't that big of a concern though, unless you live from paycheck to paycheck.
Is it worth converting my Fiat (National Currency) to Bitcoin?
In my opinion the answer would be yes. This is simply because the value of Bitcoin is rising, meaning that you could make triple your money back in the years to come. As more Bitcoins become unavailable, the value of them will go up. With China also having a large percentage of mining and purchasing the coin, they could seriously drive up the price, which is great for people who already own Bitcoin like me! So definitely try to get your hands on some right away! Bitcoin is the currency of the future!
Current technologies which are contributing to this:
In the past years, developers and companies have been making physical items to help Bitcoin become accessable to everyone. One of these items is the Crypto Pay Card - it is a Bitcoin Debit Card which allows you to top up the card in Bitcoin and spend it around the world. You can use it online, withdraw money from ATMs and pay in shops just like you would with a normal credit/debit card. In order to get a card, you will need to create an account with CryptoPay and pay $15 or your local currency to have the card delivered to you. You can withdraw up to $2000 in Bitcoin before the card becomes void. This is very useful for the ones among us who want to stay anonymous with their transactions. You will recieve a card with no name or traces of your identity at all. If you want to be able to withdraw more, you can verify yourself with an ID to increase your allowance. Once the card is void, you can simply buy another one and go through the same process each time. To sign up, visit this link: https://cryptopay.me/join/fd836882 (Please use the link as you will recieve a 25% discount on purchasing your card! I also get a little something from the company for referring new users, so it's a win-win situation!)
Life On Bitcoin:
In 2013, a young couple decided to put Bitcoin (and themselves) to the ultimate test. If Bitcoin is going to change the world, it has to start with regular people using it every day. Can Beccy and Austin live only on Bitcoin for every living expense for the first three months of their married life together?
Thank you very much for reading! Please upvote and follow if you enjoyed! Feel free to donate some Bitcoin if you want: 1BSWyGEzWhbsvRd9ABtiUt7wFy1YCDnKRV