Bitcoin: currency or investment? - page 4.

chennan

legendary

Activity: 1316

Merit: 1004

Quote from: thejaytiesto on September 14, 2015, 05:23:52 PM

Bitcoin is e-gold that has features of cash too.
I treat it myself as internet or might I say, digital gold. You buy it because you understand the technology behind it, you buy it because you understand for the first time ever scarcity has been designed in a digital way, you buy it because you know in the future its purchasing power will visit moon.

And at the same time, I could get some of it and buy some starbucks coffee (something you will never be able to do with gold and whatnot).

Yeah, that's ver true.. But not only that, I believe we are making strides in seeing how the first btc debit cards are working out, and if I'm not mistaken, they're working pretty nicely. It needs to stay somewhat decentralized, but at the same time banks now and days have to see it as a legit currency that they would accept if btc were to be taken seriously and have the absolute highest purchasing power.

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Bitcoin is e-gold that has features of cash too.
I treat it myself as internet or might I say, digital gold. You buy it because you understand the technology behind it, you buy it because you understand for the first time ever scarcity has been designed in a digital way, you buy it because you know in the future its purchasing power will visit moon.
And at the same time, I could get some of it and buy some starbucks coffee (something you will never be able to do with gold and whatnot).

Moebius327

hero member

Activity: 770

Merit: 500

Definitely both currency and an investment at the moment.

zmhtech

member

Activity: 108

Merit: 10

I see it as more of an investment now, mainly because people dont understand it technically and dont understand the concept of it. Most people dont even know what an exe file is, yet were thinking that they can use bitcoin. It needs to become "easier" to use, but look at web wallets, it may be easier but it is less secure. I think over time it could get their, but it is going to take a while.

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

I won't be referring to currency by it's definition, the way i see it : if you can transfer value from person 1 to person 2 , it's a form of currency.
And as far as investment part goes, ofcourse it's an investment as well, since you obviously can both profit and loose on it.

cheers

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

For Bitcoin to be successful as a currency, scalability problems have to solved. Either that or Bitcoin can only be a niche currency. That's really how I see it. As an investment, Bitcoin works pretty well at the moment.

The only problem is that I don't see that we will take a world by storm if we stay just an investment option. For Bitcoin to succeed, Bitcoin needs to be everything. A currency, an investment, a store of value, remittance, etc..

MF Doom

hero member

Activity: 560

Merit: 500

Quote from: the_poet on September 14, 2015, 02:47:32 PM

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, there doesn;t seem to be any way that btc could be used as a genuine currency. And, judging by most all commentators here (which is probably a large chunk of btc users) they are here to make a buck with btc, and hoping for another "moon" run.

the_poet

legendary

Activity: 1137

Merit: 1035

Bitcoin accepted here

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

Topic: Bitcoin: currency or investment? - page 4. (Read 2828 times)