I am the one who is hodling 50% of the Bitcoins and try to spend rest of the 50% and my logic is simple, I want to help in maintaining the momentum and contribute to the growth of the network. Thus, I try to spend as much as Bitcoins of my 50% quota of expenditure. However, to be honest, I haven't spent even a single Satoshi in the offline market as I don't have any merchant accepting Bitcoin as a payment method around me.
I am not sure if this is a misconception or not but it feels special when I pay using Bitcoin as a payment method on the sites where Bitcoin is accepted.
Topic: BITCOIN misconceptions - page 2. (Read 1977 times)
I agree with you some are living daily jobs just to focused on signature campaigns.Making it as priority and only source of income instead of alternative source so they could hold it for the future to earn more profit .Some also rely their dreams only through bitcoin.It could be possible but we must also be ready to deal with failures just like the volatility of bitcoin there's also a probality that our dreams will be volatile too when our only source is bitcoin.So it's better to learn and be updated all the time,do our own research and not to trust right away.If there's a decent job then give a good service while working with bitcoin at the same time.It's just like hitting one bird with two stones- reaching your dreams through hardwork and with bitcoin.
I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
I need to point us to the fact that bitcoin apart from being used as asset, we can use it as a source of generating income to either dive into another businesses. Things are difficult to come by these days and so, if we have a source like bitcoin, we can use the income or earnings from signature campaigns to either invest in altcoins or trade to see if we can be lucky to have more of the fractions.
It actually depends on how people perceive things, yes there are people that use bitcoin as an asset, well maybe they have a lot of money that's why they don't need to spend their bitcoin but there are some people that really depends on what bitcoin can give that's why even they don't want to spend their coins they still did and there's nothing wrong with that. Some divert their earnings to fiat and put some ventures so they can have a back up when things turned out unfavorably. Bitcoin is an asset and a currency as well.
I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
There are category of both people who uses bitcoin on daily basis and those who are holding it for future benefits. Most of them prefer to hold their bitcoins because the current scenario of bitcoin market suggests the best time for holding it as the market value is increasing day by day . Those who use it for daily basis are obviously are the people who made bitcoin their only source of income so its pretty obvious that they will use it to pay their expenses.
in fact, I do not think that a large number of people are leaving work
for development in this area more than is possible in the traditional sense
but the trend is no doubt there
It's true if you had established mining rigs in the early days and still mining bitcoins, literally passive income and were millionaires if they had seriously maintained it. Campaigns here is just some tip-bits for small players like us that had the extra passion and reward to stay active while contributing within the community.
I'm the exact same position regarding bitcoin as investments, i simply don't transact my bitcoins for businesses rather than into alt exchanges or similar bitcoin projects that accept it. Billions of people using, that would be surprising it's current price and it needs to grow naturally to reach else it's not possible from current trends, alts are truly gem and are equivalently to 'penny shares' in real world which had real potentials to reach maybe realistically 20% of bitcoin price, ETH is the perfect example among 1200+ alts
I'm the exact same position regarding bitcoin as investments, i simply don't transact my bitcoins for businesses rather than into alt exchanges or similar bitcoin projects that accept it. Billions of people using, that would be surprising it's current price and it needs to grow naturally to reach else it's not possible from current trends, alts are truly gem and are equivalently to 'penny shares' in real world which had real potentials to reach maybe realistically 20% of bitcoin price, ETH is the perfect example among 1200+ alts
I also noticed that kind of mindset . Depending only here in forum to get money through campaigning like why don't we work and get this forum as an part time also for newbies to get their chances to earn money. i also noticed the low number of signature campaigns accommodating member below for them to try working even on low rates to practice their skills.
I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday?
You cant blame them. Campaigns here in forum is so promising that they can earn more than their day job offers. And most of the people in the community are freelancers that seeks job and will spend what they are earning here to sustain daily needs and house utilities.Why most of the people in the forum sees bitcoin as currency that you need to spend everyday?
However we need to understand one thing for sure and that is bitcoin is new concept first of its kind. Bitcoin is the first successful coin which proved that a decentralized payment system could work. Thus we donot know how to measure its performance and how it will evolve in future. This gives a lot of room for people to come with crazy theories about the growth of bitcoin.
I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
I need to point us to the fact that bitcoin apart from being used as asset, we can use it as a source of generating income to either dive into another businesses. Things are difficult to come by these days and so, if we have a source like bitcoin, we can use the income or earnings from signature campaigns to either invest in altcoins or trade to see if we can be lucky to have more of the fractions.
Yes, that is true we can use our job right here to get more income that can support our daily lives. May be in the past few years ago bitcoin price is still affordable for many of us here. But recently, about the huge price there is so many downstream, people seldom bought coin again from the investment and there is also seldom gambler that want to spend their coin again randomly on any gambling site. All of these things is because of the recent bitcoin price, this is what I believe
I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
I need to point us to the fact that bitcoin apart from being used as asset, we can use it as a source of generating income to either dive into another businesses. Things are difficult to come by these days and so, if we have a source like bitcoin, we can use the income or earnings from signature campaigns to either invest in altcoins or trade to see if we can be lucky to have more of the fractions.
I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
Some people use money to invest in bitcoin long term, while others short it and use the money to invest in other solid investments for the long term.
Well there has been a lot of misconceptions about Bitcoin, especially if you do not understand why Bitcoin was made in the first place, Bitcoin was made in order to have an alternative currency after the 2008 depression, people where looking to find new ways on how they could earn, then came out Bitcoin and the value was below 1 USD, which grew over time, and most people who do not understand investment, will always say it is just meant for criminals since it is anonymous in transactions. Another misconception is Bitcoin is a scam and only one person is really earning, sad t say, those people just keep on talking without doing any research, and lastly the misconception I always hear is that, Bitcoin doesn't have real value, if it doesn't have any value, why would people pay to buy Bitcoin and invest on it. What I think is that misconceptions can be battled, if one has an open mind and is willing to learn and study investments and Bitcoin, I think they needed to see our side, instead of them having misconceptions, without even researching or trying to put themselves in our shoes.
I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
Some people use money to invest in bitcoin long term, while others short it and use the money to invest in other solid investments for the long term.
I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
Some people use money to invest in bitcoin long term, while others short it and use the money to invest in other solid investments for the long term.
I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday?
You cant blame them. Campaigns here in forum is so promising that they can earn more than their day job offers. And most of the people in the community are freelancers that seeks job and will spend what they are earning here to sustain daily needs and house utilities.Why most of the people in the forum sees bitcoin as currency that you need to spend everyday?
Most people are doing what is stated in OP. Almost every hodler is using Bitcoin as an investment asset because of inbuilt deflation. But using it as currency is also important for increasing its utility which will help in increasing the demand and hence the price. You can't kill Bitcoin's currency use and be profitable in investment.
Price of bitcoins are rising and thus people are thinking it will keep on rising forever. This may be right or wrong but one should trade only by knowing the right time and his/her capabilities.
The most common misconception which is resisting so many people from investing in bitcoin is that it is never going to take place of paper money. This is something really hard to comment on. There are likely chances of this thing to happen and there are likely chances that soon bitcoin will be declared as legal. In fact, there are so many countries which have declared it as legal.
I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
Personally, I see bitcoin as a speculative asset, and I treat it as such. But if you are relying on signature campaigns to be your regular income then its not the correct mindset. How can you do that if you are just getting dust amounts every week as compare to have a regular high paying job? I really don't understand people doing that and moving out of their current job just to focus on campaign. Although there are times that I exchange it to fiat if there's a need on my end, I usually just hold it for my future and maybe when it reaches high enough for me to sell, then I will make such decisions in the future.
BTC became more popular as an investment tool than a currency nowadays. It can be considered as an asset but the best part is unlike other assets like real estate or gold, it is comparatively easy to sell.
I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.
Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
You cant stop those people on what would be the thing they would able to do with their own lives.You do treat up bitcoin as an asset but some people would really treat it as a currency or a source of income.I dont know that it is possible to make living on just joining campaigns come to think up it do only give a small amount which cant even sustain your daily needs but well they do able to say such thing because they can able to make use of it.Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.
Price increase on future years is really possible since adoption still isnt on its fullest.
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