Being the first cryptocurrency makes it more valuable as an investment than a payment tool as there are a lot of new coins that are better than it in terms of scalability, lower transaction fees, and speed.
If you consider bitcoin could survive only by being used as an investment then I suggest thinking again about this. In order for it to be used as an investment it had to offer some kind of value to the world so that people have demand over it and the price increases. But how could bitcoin add any value to people if it is not used as a payment method? 
Topic: Can Bitcoin be a volatile investment tool and payment method at the same time? - page 2. (Read 1064 times)
March 25, 2019, 05:43:17 PM
March 25, 2019, 12:06:21 PM
Bitcoin is a very volatile investment which is used as a payment method. Bitcoin was created as a payment tool that is cheaper than conventional transactions of banks. Being the first cryptocurrency makes it more valuable as an investment than a payment tool as there are a lot of new coins that are better than it in terms of scalability, lower transaction fees, and speed.
March 25, 2019, 11:40:13 AM
At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?
Bitcoin can be both but it is mostly used as an investment tool for both short/long-term investment plans. Some individuals (like me) use a portion of my bitcoins and convert them to cash to purchase services/products. Unfortunately, there are only limited things that you can purchase with bitcoins and mostly the transaction fees are high. This dilemma makes bitcoin as not the preferable option to use with in paying products or services.
As time goes on, Bitcoin price will become well stabilized and then it will become a payment method only. For now, its both a volatile investment tool and payment method as it's still at its early stage and its potential continues to grow. People are aware Bitcoin will grow beyond it's current state that's why people continue to invest in it while also using it for payment but time comes when price becomes very stable and then it will be used for payment method only.
I doubt that its price would be stabilized since its decentralized nature depends its price from the law of demand and supply. From that instance, it will lose its nature and become a centralized unit, which is the antithesis of what bitcoin is all about.
March 25, 2019, 07:48:11 AM
Of course, even though bitcoin is pretty much a volatile currency, it could be a great payment method for all of us. It's because whatever the price of bitcoin is, there is an accumulate conversion of it on our own fiat. For example, the current price of btc is 4000 usd and you need to buy a dish from a restaurant. The price of the dish is 20 usd. On 4000 usd of bitcoin, you should determine the value of 20 usd from 4000 usd bitcoin. It could be .005 btc.
March 25, 2019, 07:36:04 AM
What about if the Bitcoin's value stays stable (let's say $5,000 with some ups/down of ~$150 which will still be volatile but wouldn't be considered a lot.) Similar to how gold is considered.
So I would think that yes Bitcoin can be an investment, a safe haven like gold is, maybe a reason why people call Bitcoin the digital gold. And it can slo be a payment method, again, like when gold was the only currency.
Fiat currencies are also volatile but that doesn't prevent anyone from using it.
So I would think that yes Bitcoin can be an investment, a safe haven like gold is, maybe a reason why people call Bitcoin the digital gold. And it can slo be a payment method, again, like when gold was the only currency.
Fiat currencies are also volatile but that doesn't prevent anyone from using it.
March 25, 2019, 03:59:22 AM
It can be both. Bitcoin created to be a currency and payment method but different amount of supply between bitcoin and fiat (particularly USD and its forever inflation) forced bitcoin to be an investment.
Bitcoin price don't need to be stable to become payment method because it actually is. it just need two sides who agreed to transact using bitcoin.
we need to stop seeing bitcoin as a commodity. maybe your 0.1 bitcoin price is down and you think you lost some money but actually you still have your 0.1 bitcoin. it just because you still think your fiat as default money. (yeah i just realized it)
In fact bitcoin "price" is just an exchange rate from one currency to another
Bitcoin price don't need to be stable to become payment method because it actually is. it just need two sides who agreed to transact using bitcoin.
we need to stop seeing bitcoin as a commodity. maybe your 0.1 bitcoin price is down and you think you lost some money but actually you still have your 0.1 bitcoin. it just because you still think your fiat as default money. (yeah i just realized it)
In fact bitcoin "price" is just an exchange rate from one currency to another
March 24, 2019, 02:22:48 AM
Bitcoin as with most other currencies, can be used as a currency and also as a investment option. Forex trading in currencies has long been done with other currencies, so I cannot see why Bitcoin can not play both those roles at once. 
Bitcoin will just be a better currency and a more favorable investment tool, because traders just love the volatility and the possibility for massive returns with Bitcoin as a trading investment.
As time goes by and mainstream adoption takes place, Bitcoin will even become less volatile and a better currency.
Bitcoin will just be a better currency and a more favorable investment tool, because traders just love the volatility and the possibility for massive returns with Bitcoin as a trading investment.
As time goes by and mainstream adoption takes place, Bitcoin will even become less volatile and a better currency.
March 23, 2019, 07:25:12 AM
I think it can be and here in the Philippines we could use Bitcoin as payment option for our Bills and other things.
But we also consider crypto as an investment tool so we are the proof that it could be both at the same time.
But we also consider crypto as an investment tool so we are the proof that it could be both at the same time.
March 23, 2019, 12:46:26 AM
It's already happening, what are you talking about? Bitcoin in your radar might not be that much that's why adoption is lacking in a lot of ways. What country do you live in anyway, as you raise this type of question?
I wonder that, too. OP was a bit late with regards to his questions. It can be both an investment and already use it as a payment method nowadays. Are you on doubt about using both? Or maybe he is confused about that. Even though it is volatile , we are taking the risk and still use bitcoin as a payment.
platforms. and many of us have done that paying bills, gambling and many others
March 17, 2019, 03:54:45 PM
At the moment, Bitcoin is a volatile investment tool and payment method at same time as so many people use it to pay for goods and services in different parts of the world while some others just wait for price to drop so they buy some quantity which the hodl and sell whenever price pumps up. But time will come when there is a full adoption as every country will fully use it for transactions making the price stable, then Bitcoin volatility will be reduced.
March 16, 2019, 03:51:03 AM
At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?
There is no other way out. Bitcoin will remain with high price volatility. To others he cannot yet be by nature. What it will be at the same time means of payment, time will tell. It is most likely that it will be used for expensive goods and services. If its functionality does not fundamentally change for the better, then it will be ineffective for small purchases. March 16, 2019, 12:07:07 AM
At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?
Yeah,you can use both bitcoin is very suitable to be used for transactions and used to trade cryptocurrency more, with prices that are not stable, you will also earn a profit from the highly volatile price bitcoin
March 15, 2019, 05:37:51 PM
Why I will think that bitcoin can be used for both investment and payment is that these roles are already in the domain of bitcoin. For investment, I don't think the volatility will stop and so it will always play the role as a tool to investment and to measure personal riches (personal because it is private, only who you disclose what coin and quantity you have will know)
For payment, it optional fiat especially for very huge financial dealings.
For payment, it optional fiat especially for very huge financial dealings.
March 15, 2019, 12:09:12 PM
It's already happening, what are you talking about? Bitcoin in your radar might not be that much that's why adoption is lacking in a lot of ways. What country do you live in anyway, as you raise this type of question?
I wonder that, too. OP was a bit late with regards to his questions. It can be both an investment and already use it as a payment method nowadays. Are you on doubt about using both? Or maybe he is confused about that. Even though it is volatile , we are taking the risk and still use bitcoin as a payment.
March 13, 2019, 11:07:27 PM
course yes . infact we are already doing that and ever since bitcoin discovered on the year 2009 , it is already being use for both purposes . its only upt to the user if what he prefer on his bitcoins but im aware that lots of people are now using thier bitcoin as a form of investment tool because they think that its too valueable to be wasted on some items or on some services online . better if they can hodl it so that they can earn more income in the latter stages .
March 12, 2019, 03:17:33 PM
Bitcoins can surely be both simultaneously. Bitcoins are a volatile investment tool with a unstable price as well as bitcoins are been used as a payment method in various payment gateways where bitcoins are been used as a mean of payment. Bitcoins are multi-beneficial with a lot of other benefits which makes them totally different from the fiat currencies. Usage of bitcoin should be maximized even more so that the demand is raised back.
March 09, 2019, 09:38:51 PM
At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?
I don't think it's possible that bitcoin will be used for both investments and payments since these two things don't work well together. Think about a store who at the end of the day have collected 1 bitcoin for example. Next day in the morning when they want to exchange that bitcoin into dollars to buy more merchandise or even if they use bitcoin for that the value of that bitcoin could have dropped over the night with 10% so their income also dropped with 10%. March 09, 2019, 04:45:40 PM
In my own opinion, the volatility of bitcoin will come to an end in time and will become a full payment method and this will occur when it is fully adopted all across the globe. Bitcoin cannot stay in between, a time will come when the world will fully accept it and then this rapid rise and fall in price will end as bitcoin price will become stable, maybe it will be regulated then.
March 08, 2019, 03:16:59 AM
In case with cryptocurrencies volatility usually goes along with trade volume. For example if your coin have about 1000$ of daily trade volume then if someone sells hit 100$ worth of tokens then he will probably dump the market, what could be way harder if the trade volume was about 100000$.
It can be an investment tool even now. Like gold or fiat currencies but it is still lacking mass adoption to become useful for payments.
It can be an investment tool even now. Like gold or fiat currencies but it is still lacking mass adoption to become useful for payments.
March 08, 2019, 02:03:52 AM
At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?
In principle, the high price volatility of Bitcoin and using it as a means of payment are not very compatible. This is one of the reasons because of which Bitcoin and another decentralized cryptocurrency are not so quickly legalized by the states.Given the conservatism in the development of Bitcoin, its primarily low scalability, most likely it will be used mainly for very large transactions, which contributes to its very high price.
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