Bitcoin as a Medium of Exchange - page 6.

Mometaskers

hero member

Activity: 1764

Merit: 584

That's the original intention anyway. Cheap and fast transactions between people that ignores the current banking system. Currently though it's more of an investment tool. Was one of the people that got in because of news of profits and then stayed.

Quote from: HasHe on December 15, 2017, 07:26:12 AM

Its true that some bitcoin enthusiasts consider bitcoin as a medium of exchange but they are very small in percentage.Most of bitcoin holders nowadays are newbies and they buy bitcoins only to get good profits and for no other reason.Its mostly used as an asset and not as a currency.But still,this could be changed by activating lightning network which would once again encourage bitcoin to be used as a currency.

I sure hope so. Just transferring money from between my wallets take so much time. Even got to the point that a sell order got stuck for days at an exchange.

bajigur894784

member

Activity: 350

Merit: 10

It's true, because transactions with Bitcoin greatly optimize anyone, especially the needs of online business people who are often bothered by the regulation and the cost of the intermediary.
As a Bitcoin owner, we are free to use it for anything, transact with it in any amount.

HasHe

hero member

Activity: 952

Merit: 500

Its true that some bitcoin enthusiasts consider bitcoin as a medium of exchange but they are very small in percentage.Most of bitcoin holders nowadays are newbies and they buy bitcoins only to get good profits and for no other reason.Its mostly used as an asset and not as a currency.But still,this could be changed by activating lightning network which would once again encourage bitcoin to be used as a currency.

aizen10

full member

Activity: 546

Merit: 100

true, many people are switching to use this bitcoin to send/receive money world wide without government manipulative rules. this can be use or the other way to save their assets from their own economic melt down to prevent a huge loses. transferring a huge amount of assets to bitcoin so they can take/travel their assets where ever they go and what ever they want to.

Aditya1011

newbie

Activity: 28

Merit: 0

Many true Bitcoin enthusiasts actually prefer to use Bitcoin as a medium of exchange. They aren’t interested in investment or speculation or trying to sell at a profit.
Instead, they see Bitcoin as a way to engage in free association of trade without the need for governments to regulate the exchange. With Bitcoin, it’s possible to pay for goods and services instantly by transferring the digital money straight from your wallet to someone else’s digital wallet.

Topic: Bitcoin as a Medium of Exchange - page 6. (Read 10553 times)