Do you use bitcoin as currency or investment? - page 13.

machinek20

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Quote from: agustina2 on September 15, 2016, 02:04:56 PM

Quote from: Sandroxa on September 15, 2016, 04:38:18 AM

I make use of Bitcoin as an investment I do not spend my Bitcoin because I think that it is not smart to be spending them.
The value of the Bitcoin can go up in the future and I am waiting for that to happen.

Spending bitcoin isn't smart? Didn't you know that spending bitcoin even for occasional basis is a big help for this currency to become a strong one. Circulation of coins in the market is a must.

Also it's not a mistake if you really want to spend them for general purposes or important matters.

I think its a smart move to spend it sometimes, what for you earn bitcoin with your hardwork but you dont enjoy the result of it, saving bitcoin for investment is a good thing, but you need to spend it, its good to make bitcoin stronger and its going to motivate you to work even harder to earn more

bestluck

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Quote from: Bitcoinbro on September 15, 2016, 02:50:41 AM

I use bitcoin as both but it's hard to use it as a currency if it's not a payment option in alot of the places that I go to and use.
Investing ofcourse I do, bitcoin is going up and then my investment will be returning me passive money so why not.

But for me it is not much hard to use bitcoin as a currency because we can find any thing with the payment of bitcoin you just need to search it on this forum or on google search if yu do not find then ask a question about that on this forum you will get a ready reply for that place where you will get your good to buy.

ronaldo40

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Quote from: agustina2 on September 15, 2016, 02:04:56 PM

Quote from: Sandroxa on September 15, 2016, 04:38:18 AM

I make use of Bitcoin as an investment I do not spend my Bitcoin because I think that it is not smart to be spending them.
The value of the Bitcoin can go up in the future and I am waiting for that to happen.

Spending bitcoin isn't smart? Didn't you know that spending bitcoin even for occasional basis is a big help for this currency to become a strong one. Circulation of coins in the market is a must.

Also it's not a mistake if you really want to spend them for general purposes or important matters.

depends, if you spend a bitcoin for something that is not important, such as gambling or any other thing of course was not smart.

but if you spend it into fiat, then save it. it will help you when something bad happens to bitcoin.

agustina2

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Quote from: Sandroxa on September 15, 2016, 04:38:18 AM

I make use of Bitcoin as an investment I do not spend my Bitcoin because I think that it is not smart to be spending them.
The value of the Bitcoin can go up in the future and I am waiting for that to happen.

Spending bitcoin isn't smart? Didn't you know that spending bitcoin even for occasional basis is a big help for this currency to become a strong one. Circulation of coins in the market is a must.

Also it's not a mistake if you really want to spend them for general purposes or important matters.

SquallLeonhart

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Quote from: MFahad on September 15, 2016, 12:17:20 PM

Quote from: Mr.grin on September 13, 2016, 06:13:20 PM

Quote from: ?? on ??

Mainly for investments. I use it more often for trading or investing in different projects, when good opportunities arise.

Well, everyone uses bitcoin differently, but basically they use bitcoin as an investment tool to make them make money. I guess I'm also doing it unconsciously. I always hold bitcoin I have to bitcoin prices rise, and when the price goes up I'll sell it.

Totally agree with you. Each person uses bitcoin differently and - in my opinion - this fact is a bitcoin advantage. This way the bitcoin is very accessible. Nowadays I use more like an investment

Almost all are treating it as an investment and that makes me bit worried as if everyone keeps on holding them without using it as a currency the how can we expect higher price from it in future.

MFahad

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Eloncoin.org - Mars, here we come!

Quote from: Mr.grin on September 13, 2016, 06:13:20 PM

Quote from: ?? on ??

Mainly for investments. I use it more often for trading or investing in different projects, when good opportunities arise.

Well, everyone uses bitcoin differently, but basically they use bitcoin as an investment tool to make them make money. I guess I'm also doing it unconsciously. I always hold bitcoin I have to bitcoin prices rise, and when the price goes up I'll sell it.

Totally agree with you. Each person uses bitcoin differently and - in my opinion - this fact is a bitcoin advantage. This way the bitcoin is very accessible. Nowadays I use more like an investment

JessicaSe

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Quote from: Sandroxa on September 15, 2016, 04:38:18 AM

Quote from: ABCbits on April 28, 2016, 02:38:18 AM

Do you use bitcoin as currency? Or you use bitcoin as investment? Or both?
I use bitcoin as currency and i never sell my bitcoin, but i prefer to use bitcoin when price is rising Grin

So, how about you?

I make use of Bitcoin as an investment I do not spend my Bitcoin because I think that it is not smart to be spending them.
The value of the Bitcoin can go up in the future and I am waiting for that to happen.

Don't expect higher price of bitcoin if everyone keeps on holding them, if you want to see higher price then everyone should use it like other currency or else price will never rise in future.

Sandroxa

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Quote from: ABCbits on April 28, 2016, 02:38:18 AM

Do you use bitcoin as currency? Or you use bitcoin as investment? Or both?
I use bitcoin as currency and i never sell my bitcoin, but i prefer to use bitcoin when price is rising Grin

So, how about you?

I make use of Bitcoin as an investment I do not spend my Bitcoin because I think that it is not smart to be spending them.
The value of the Bitcoin can go up in the future and I am waiting for that to happen.

eddyubachs

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Quote from: JeanMcCoy on September 15, 2016, 03:02:15 AM

Quote from: wibuindon on August 21, 2016, 03:11:04 PM

I'm using bitcoin for investment, because it is easy to invest money through bitcoin.
Then i am getting profit and making them cash. Cheesy

Yes it is easy to invest but actually requires somewhat of a thought process to make good profit with investing.
You have to know when to buy and when to sell, it's not as simple as just watching the price cause they can swing around so much that it's too unreliable.

I think its always good to invest money in bitcoins as it is predicted that price will go higher in future which can give good profits so I prefer to use them as an investment.

pratap11

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Both, but primarily as an investment. There isn't a whole lot you can spend bitcoin on at the moment besides consumer goods, which I do, but I have spent fiat to purchase bitcoin in an attempt to speculate on the price. Also, it makes a great savings account for the aforementioned reasons.

Unless you have a gambling problem, I guess.

JeanMcCoy

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Quote from: wibuindon on August 21, 2016, 03:11:04 PM

I'm using bitcoin for investment, because it is easy to invest money through bitcoin.
Then i am getting profit and making them cash. Cheesy

Yes it is easy to invest but actually requires somewhat of a thought process to make good profit with investing.
You have to know when to buy and when to sell, it's not as simple as just watching the price cause they can swing around so much that it's too unreliable.

Dora Doll

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i mostly use it for investment purposes because i believe that the price of bitcoin will increase so much and therefore i don not want to lose any opportunity therefore i am not welling to invest my bitcoin in any other place like gambling or alt coin, once the price of bitcoin raise to 1200USD i will then invest my bitcoin some where else.

Bitcoinbro

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I use bitcoin as both but it's hard to use it as a currency if it's not a payment option in alot of the places that I go to and use.
Investing ofcourse I do, bitcoin is going up and then my investment will be returning me passive money so why not.

bitlancr

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Quote from: SAMKUSH on August 05, 2016, 11:38:05 AM

I use Bitcoin as a currency so I can invest. I don't use Bitcoin as an investment alone, I will trade bitcoins and profit from a price rise as well as any profit made from trading. Although this method is risky I think it is better than simply holding Bitcoin.

I know but I like to play it safe and that is why I am only holding on to them. I have made money before with only holding so to me this tactic is fine.
As long as it works waiting is not a problem for me at all.

8Habits

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Quote from: rindo on September 15, 2016, 01:44:39 AM

Actually I use bitcoin Just want to investment and tried to trading on crypto because many chance to get profit there and i believe only 24 hour you can get a good profit there',trading on Bitcoin to crypto, Wink

lets say Bitcoin to Altcoin''otherwise

If you can trade with cryptocurrency right on time of big pump, you will surely profit from it. If the currency you are trading with can be traded with Margin, then you will also earn by shorting once the pump is over and it is already dumping time.. There are many things need to be taken in crypto trading like the volume of buy and sell orders and the like. At first, better trade with small amount and earn experience before you go big trades.

x|8y8|x

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just like most of the people i also use bitcoin for investment purpose only. in present time when the price of bitcoin has a good potential therefore i will always like to hold bitcoin for the price increase and not welling to invest it any where else.

rindo

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Actually I use bitcoin Just want to investment and tried to trading on crypto because many chance to get profit there and i believe only 24 hour you can get a good profit there',trading on Bitcoin to crypto, Wink

lets say Bitcoin to Altcoin''otherwise

Golftech

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Quote from: SourThunder on September 14, 2016, 08:47:51 PM

I use bitcoin in investing in mining , trading and gambling.
Because I believe this strategy grow my bitcoin..

yes you said it right this are the ways to grow bitcoin but with mining maybe im not a fan of it just trading and some gambling the riskier part of investment as we are just relying from our luck.

8Habits

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Quote from: South Park on September 15, 2016, 01:01:27 AM

I would like to use it as an investment but right now I am unable to do that since I’m short on funds, so currently I am using it as a currency, but I expect to change that in the next year or so.

Good luck to you South. I would suggest that if you have other fiat source income, I would rather use that as your daily cash or online transactions and your bitcoin (even in small amount) will be used for trading. But first, you need to learn how to trade cryptocurrency and all other necessary things involve in the field like - the pump and dump thing and the like.

goldcoinminer

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Quote from: South Park on September 15, 2016, 01:01:27 AM

I would like to use it as an investment but right now I am unable to do that since I’m short on funds, so currently I am using it as a currency, but I expect to change that in the next year or so.

I think you better focus first on savings before you plan to invest, do not mix things up so you will achieve a good outcome. Investing is good but only up to the amount of money you can afford to lose so when you have not savings you cannot invest.

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