Do you use bitcoin as currency or investment?

Noctis Connor

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Quote from: Satifan on September 17, 2016, 01:37:31 PM

Quote from: Noctis Connor on September 17, 2016, 10:04:03 AM

Quote from: The Sceptical Chymist on September 16, 2016, 01:16:17 PM

It's heresy I know, but I think bitcoin sucks as a currency. I keep it as an investment and that's it. Everything I need to buy, I can get easier with fiat. No sense spending bitcoin.

How could you say that bitcoin sucks as currency ? i know we are using bitcoin as currency to invest right ? or to do gambling ? i don't understand why people says that bitcoin is nonsense and noting happen with that if we keep using it but for me bitcoin is everything that world be use soon, and i can get bitcoin too with fiat .

I agree with you. The bitcoin is a good currency. But the main problem with the bitcoin is that it is too volatile.

Seriously ?? how your problem is volatile ? Well it is a feature of bitcoin and it is not a problem when you use bitcoin then accept the fact that they are upgrading not not stocking on the system that we use too.

blackmachinegun

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Quote from: hurain on September 27, 2016, 01:32:45 AM

as there are very little facilities of using bitcoins as currency, but still i can use it for my mobile recharge but most of the time i use bitcoin as investment and i mostly invest bitcoins in alt coins.

I think that is the reason why many people do not like or are reluctant to use bitcoin for shopping, since the lack of facilities for shopping using bitcoin.
so they prefer to invest rather than using bitcoin for shopping or as currency

Vaclya

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The best thing you could do is using bitcoins for investments and not as currency because most of the time you can better invest with the bitcoin at least make profits.

Jasad

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Quote from: TraderETH on September 27, 2016, 05:55:50 AM

Quote from: DuckKeeper on September 27, 2016, 05:18:35 AM

Most of the people are using it for investments where it used to be for but there are alot of people they are just using it as currency and that is not the main thing you should use bitcoins for...

Yes, mostly of the people are using bitcoin for Investment include me, i used bitcoin is just for trading altcoins and sometime for gambling, the people will get problem if using bitcoin for currency because no one local stores that accept bitcoin for method of payment, that is some reasons the people doesn't using bitcoin for currency.

the problem why people did not use bitcoin as currency are there few market available ,
not as much as paypal available on almost any market ,
bitcoin still hard to find their existence ,
but for investment people don't need to find anything , they just need to exchange the fiat to bitcoin and done.

Mastsetad

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Quote from: hurain on September 27, 2016, 01:32:45 AM

as there are very little facilities of using bitcoins as currency, but still i can use it for my mobile recharge but most of the time i use bitcoin as investment and i mostly invest bitcoins in alt coins.

Same here, but i'm actually using it for both, i earn them and invest them in altcoins and when i need money i cash some of them out and spend on myself, on the other side i use them online too for recharging my mobile most of the times, so basically im using it for both purposes.

Jaxelrell

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I use bitcoin as an investment. Bitcoins price is still changing and bitcoin hasn't reached what it's supposed to be yet so to spend it is counterproductive if you ask me. I might spend it sometimes but only very small amounts.

warwar

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Quote from: maudevang on September 27, 2016, 05:49:16 AM

Quote from: Ybalevia on September 20, 2016, 03:22:09 AM

Allot of peopel are using bitcoins as currency but that is not why the bitcoin is here for the first place because he has a unpredictable value he is just needed for investments but most of the people dont know that.

Bitcoin is actually here to serve as a anonymous currency which you have full power of and which is safe but I use it as an investment too cause it's too good to skip on.
I invest in bitcoin to see profit in the next 5 years.

Actually bitcoin is not really anonymous at all Cheesy

. I do agree that it is safe to use and very fast effecient in using it in sending or receiving bitcoin.
Wow i think 5 years later you can earn pretty a lot from it Cheesy

because we all know that the price is rising and the demand of it is also rising.

TraderETH

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Quote from: DuckKeeper on September 27, 2016, 05:18:35 AM

Most of the people are using it for investments where it used to be for but there are alot of people they are just using it as currency and that is not the main thing you should use bitcoins for...

Yes, mostly of the people are using bitcoin for Investment include me, i used bitcoin is just for trading altcoins and sometime for gambling, the people will get problem if using bitcoin for currency because no one local stores that accept bitcoin for method of payment, that is some reasons the people doesn't using bitcoin for currency.

Cozynunu

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Do i use bitcoins as currency or as investment i dont think i would use both becuase i know the thing bitcoins are not here for both stporys they are just here to make the man rich who is making the bitcoins and the miners because they where making the biggest profits.

maudevang

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Quote from: Ybalevia on September 20, 2016, 03:22:09 AM

Allot of peopel are using bitcoins as currency but that is not why the bitcoin is here for the first place because he has a unpredictable value he is just needed for investments but most of the people dont know that.

Bitcoin is actually here to serve as a anonymous currency which you have full power of and which is safe but I use it as an investment too cause it's too good to skip on.
I invest in bitcoin to see profit in the next 5 years.

DuckKeeper

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Most of the people are using it for investments where it used to be for but there are alot of people they are just using it as currency and that is not the main thing you should use bitcoins for...

danherbias07

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Quote from: BrewMaster on September 27, 2016, 03:15:37 AM

i use bitcoin as both of them,

i use it as currency sometimes to buy some stuff from the internet if they are available to me.

but also my main usage is as an investment that i have bought and kept bitcoin for a long time for profit.

I hope I will be seeing more items that will be available in the internet that can be paid through bitcoin so that we can spread all the bitcoins that are too much kept in some wallets. If items are in the interest of many then it will be easy for them to spend it.

bitlancr

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I use bitcoin as a currency sometimes but mainly as an investment. To use it as a currency is pretty difficult since not alot of shops are accepting bitcoin yet and anyways the main goal is to invest.

relq

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I'm using bitcoin as currency, because bitcoin is my main job and i earn money and earn a living with bitcoin. Everyweek i exchange my bitcoin into fiat same as currency, i'm not using bitcoin as an investment.

praprata

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Quote from: fkvidar on August 19, 2016, 11:46:14 AM

I am using it as an investment at a moment as the place where I live is not that tech developed and people are not aware about it so it makes difficult for me to use it as a currency.

Indeed I also use it as an investment cause anyways it's near impossible to use it as a currency at this moment, not many places are accepting this so it's hard to buy anything with it.

goldcoinminer

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Quote from: abayan on September 27, 2016, 03:13:02 AM

Quote from: 8Habits on September 27, 2016, 03:09:36 AM

Quote from: hurain on September 27, 2016, 01:32:45 AM

as there are very little facilities of using bitcoins as currency, but still i can use it for my mobile recharge but most of the time i use bitcoin as investment and i mostly invest bitcoins in alt coins.

Using bitcoin for investment and trading with other altcoins for me is the best use of bitcoins because that way you are really growing your bitcoins and not using any of it to things that fiat money can be use. Fiat money is unlimited in production while bitcoin has its limitation of terms of its maximum number in the market. We should treat bitcoin as a scarce resource/asset and make it grow.

Agree. It depends on the investor who invest their money into bitcoin. That will be added to bitcoin. It really depends on that. Best use of bitcoin is really in trading so that you can earn a lot from your investted bitcoin but if you dont know trading then you will loose.

Me, I see it both because I do invest and spend my bitcoins at the same time. As a gambler, I called my activity as spending because most of the time I lose but I do not spend all my bitcoins as I do make reserves for the future which is my investment.

8Habits

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Quote from: BrewMaster on September 27, 2016, 03:15:37 AM

i use bitcoin as both of them,

i use it as currency sometimes to buy some stuff from the internet if they are available to me.

but also my main usage is as an investment that i have bought and kept bitcoin for a long time for profit.

I have bitcoins and earnings from services to clients. The earnings i received from clients are the ones I used to pay fo my bills, buy food for the table, tithe, investing, and other necessary things in life; however, I use bitcoins only for trading altcoins and as bankroll for my sports betting games. I also use some portion of my bitcoins to invest in online casino as well as holding some for decades to come.

BrewMaster

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There is trouble abrewing

i use bitcoin as both of them,

i use it as currency sometimes to buy some stuff from the internet if they are available to me.

but also my main usage is as an investment that i have bought and kept bitcoin for a long time for profit.

abayan

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Quote from: 8Habits on September 27, 2016, 03:09:36 AM

Quote from: hurain on September 27, 2016, 01:32:45 AM

as there are very little facilities of using bitcoins as currency, but still i can use it for my mobile recharge but most of the time i use bitcoin as investment and i mostly invest bitcoins in alt coins.

Using bitcoin for investment and trading with other altcoins for me is the best use of bitcoins because that way you are really growing your bitcoins and not using any of it to things that fiat money can be use. Fiat money is unlimited in production while bitcoin has its limitation of terms of its maximum number in the market. We should treat bitcoin as a scarce resource/asset and make it grow.

Agree. It depends on the investor who invest their money into bitcoin. That will be added to bitcoin. It really depends on that. Best use of bitcoin is really in trading so that you can earn a lot from your investted bitcoin but if you dont know trading then you will loose.

8Habits

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Quote from: hurain on September 27, 2016, 01:32:45 AM

as there are very little facilities of using bitcoins as currency, but still i can use it for my mobile recharge but most of the time i use bitcoin as investment and i mostly invest bitcoins in alt coins.

Using bitcoin for investment and trading with other altcoins for me is the best use of bitcoins because that way you are really growing your bitcoins and not using any of it to things that fiat money can be use. Fiat money is unlimited in production while bitcoin has its limitation of terms of its maximum number in the market. We should treat bitcoin as a scarce resource/asset and make it grow.

Topic: Do you use bitcoin as currency or investment? (Read 74595 times)