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Topic: Bitcoin: currency or investment? (Read 2778 times)

legendary
Activity: 1652
Merit: 1057
December 30, 2015, 03:28:14 PM
#68
it is more like an investment now as you can see a lot of people r buying btc is just for keeping and not for spending. but to be used as a currency there also must have places where you can spend and this is a real problem as a lot of coutnry dont even have such places for u.

It's both. You can use bitcoin as an currency, but also use bitcoin as an investment.
To me bitcoin as an asset/investment is the main thing i am using bitcoin.

If you believe in the future of bitcoin, it will be adopted widely so that it will hit mainstream, then you need to treat bitcoin as an investment.
At the same time, if you do not want to save bitcoin can spend it like a currency.
member
Activity: 70
Merit: 10
December 30, 2015, 01:50:45 PM
#67
I find it as both but mainly an investment. I'm doing everything I can think of...
sr. member
Activity: 448
Merit: 250
December 30, 2015, 01:48:05 PM
#66
it is more like an investment now as you can see a lot of people r buying btc is just for keeping and not for spending. but to be used as a currency there also must have places where you can spend and this is a real problem as a lot of coutnry dont even have such places for u.

It's both. You can use bitcoin as an currency, but also use bitcoin as an investment.
To me bitcoin as an asset/investment is the main thing i am using bitcoin.
sr. member
Activity: 493
Merit: 250
Live by your own rules
December 30, 2015, 01:18:51 PM
#65
Quote
A Senate inquiry has decided that bitcoin is a currency, but a study suggests it is largely bought and sold as an investment. For now, at least, bitcoin is unlikely to keep banking regulators awake at night.

www.smh.com.au/national/bitcoin-currency-or-investment-20150904-gjfap7.html
difficult question, but I think bitcoin can be used for both currency and investment, also I'm concerned, I'm afraid bitcoin user prefers to use bitcoin as an investment, so it will inhibit popularity as a currency bitcoin.
legendary
Activity: 1470
Merit: 1002
December 30, 2015, 01:15:27 PM
#64
it is more like an investment now as you can see a lot of people r buying btc is just for keeping and not for spending. but to be used as a currency there also must have places where you can spend and this is a real problem as a lot of coutnry dont even have such places for u.
sr. member
Activity: 686
Merit: 251
Turn your financial ideas into reality
December 30, 2015, 12:46:13 PM
#63
Now in my opinion , it bitcoin like antiques , and all the people looking for it , and bitcoin was good as an investment , because the exchange rate is very fluctuacive . and also is reviewing the state Jepan bitcoin as a currency that is legalized
full member
Activity: 196
Merit: 100
October 07, 2015, 01:43:00 PM
#62
Bitcoin is both currency and investment at the same time.Most of all it depends on you how you see it..I like to see bitcoin as an investment because of the volatile nature of bitcoin..Bitcoin prices are so unpredictable that you never know what boundary it can cross in the next few days Wink
Investing in bitcoin currently is the best thing you can do,just invest and hold your bitcoins and you will surely make a good profit when the price will go up soon next year Cheesy.
full member
Activity: 182
Merit: 250
October 07, 2015, 01:27:52 PM
#61
I believe it's a currency.

Many people buy currencies as investments just like they do BTC. (Ex: buying EUROS because I think the price will increase and then selling it when the exchange rate is more favorable, etc...)

BTC is new and therefore that might be why people see it more as an investment for the time being, but ultimately it's a currency IMO.
hero member
Activity: 784
Merit: 500
October 07, 2015, 12:53:49 PM
#60
first i think it is a currency ,therefore it is an investment too.dollar is a currency but it is also an investment for the rest of the world.
legendary
Activity: 994
Merit: 1000
October 07, 2015, 05:58:11 AM
#59
Bitcoin is both as gold is both. We can buy and keep it like we normally keep buying gold and use it as ornaments or jwellery but it can actually be sold high if the price climb on future (investement). Like currency several contracts are done where gold is considered as global currency, even countries keep gold as asset in exchange of printing their paper money. Bitcoin may also be as valuable as gold or it may get accepted as gold infuture.
newbie
Activity: 36
Merit: 0
October 07, 2015, 03:30:58 AM
#58
Im just start to learn any investment method fot real money, because of that i will not took bitcoin as an investment, its totally just digital currency
full member
Activity: 134
Merit: 100
September 22, 2015, 10:08:33 PM
#57
For me this bitcoin and others alt coin  was an alternate currency when i need some online transaction.. I never feel it as investment things, even there were already many site that make bitcoin for trading same like stock market trading..
legendary
Activity: 1596
Merit: 1027
September 22, 2015, 09:42:16 PM
#56
Quote
A Senate inquiry has decided that bitcoin is a currency, but a study suggests it is largely bought and sold as an investment. For now, at least, bitcoin is unlikely to keep banking regulators awake at night.

www.smh.com.au/national/bitcoin-currency-or-investment-20150904-gjfap7.html

Currently, Bitcoin is already both.
It is already used for some years as a currency and every day more and more people and businesses are using it. And now that the Federal Trade Comission considers bitcoin as a commodity it ca also be considered as an investment.
full member
Activity: 165
Merit: 100
September 22, 2015, 09:20:19 PM
#55
The more people that treat it like an investment, the more like an actual investment it will become. That's certainly my hope, anyway
hero member
Activity: 533
Merit: 500
September 20, 2015, 05:32:59 AM
#54
Does it matter?

Bitcoin needs adoption, lots of it. If someone wants to adopt it as a currency, great! If someone wants to adopt it as an investment, wonderful!

It's both right now, anyway, debating a future majority is futile (especially since if people don't adopt it there won't be a future to discuss.)


Yeah, it is a currency in short term and investment in a long run, as we are using it as a currency to buy products online or transfer funds online but it would be great to hold bitcoins for future as it can be proved to be an best investment product, but again the adoption level would play an important role in future success of bitcoins.
legendary
Activity: 3206
Merit: 1885
Metawin.com
September 20, 2015, 05:22:15 AM
#53
for me its 50-50
its a digital currency which you can spend on what you want
and like an investment bc the price changes from time to time
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
September 20, 2015, 01:08:55 AM
#52
I'd say that it doesn't fit neither of the definitions 100%. But then again, it's perfectly flexible use applications make it whatever you want it to be.
full member
Activity: 196
Merit: 100
September 20, 2015, 01:06:31 AM
#51
Both. It satisfies the properties of a currency (with shining stars) and that is it's main purpose, but especially today with it's volatility can also be considered an investment / speculative commodity.
agree
because bitcoin can also act as currency and also can be an investment tool  Smiley
legendary
Activity: 1400
Merit: 1001
September 20, 2015, 12:54:50 AM
#50
The safe and also correct answer is to say bitcoin is changing constantly its properties. For now it is mainly used as investment method because there is still promise of price increase and some even believe that price will reach 'the moon'. But when bitcoin will be mass adopted then 'investment' part of it will be lost.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
September 20, 2015, 12:04:19 AM
#49
Bitcoin holds value and that value can be transferred from one person to another, so that goes its part as a currency however, in today's situation, bitcoin is used heavily as an investment tool by many people hoping to get their piece of moon.
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