Topic: Do you use bitcoin as currency or investment? - page 16. (Read 74604 times)

It is right to use your bitcoin as investment, and with that I am sure that you may use your fiat for shopping etc, I will suggest you if you really want the success of bitcoin then try to adopt bitcoin as a currency also as with that you will try to put some more money to bitcoin also and the demand for the bitcoin users will increase and the community of bitcoin will increase more higher.

Yeah well, you can spend it and also can invest with bitcoins. I have done both and right now also doing both, as I have invested my bitcoins into moneypot where they grow every day and at the same time I am using bitcoins to buy some alt coins and then sell the at higher price

If i need to buy any digital service/good and they accept bitcoin im using it ! in the real world im just accepting for my services if the customer want to use it,
but my plan is someday bitcoin will be my break out plan! 

well i think all the holders nowadays think in the same way, they just want to put their money into bitcoins and wait for a huge price growth, and some of them surely make the money out of it that they can spend wherever they want

but you also might get a huge loss out of that if the price goes down, and it is really possible that it is going to happen, to be honest most of the time it is more possible that the price is going to go down than that it is going to grow

besides all those things i can say that i have some bitcoins too because it is like and investment for me, but there are usually no free money in this world and if you are going to earn a lot, it is going to be just by an accident in my opinion

can you pay with bitcoin somewhere?
maybe we need some form of criteria what is needed to speak of currency. if there is one shop in a country that accepts bitcoin, is this a country we can flag down as you can use bitcoin as currency there? we could make a list of countries where you can use bitcoin as a currency and not only as investment.

Digital currency is very less used in most countries. Same is in my country, also popularity is getting increased little by little. For this reason I consider it a form of investment than using it as a currency.

Yeah right for those who bought bitcoins last year and you are holding it until now you made a good profit..
But last year im not lucky to buy bitcoins before and i am regretting because i have no funds to buy. but right now i can buy but the price of bitcoin is high.. so i decided to do some works online to exchange in bitcoin to hold it for a long  time and wait for the price increase more..

The price of bitcoin right now is high and should you made a profit already price the last year price to the present price..
Last year if i already bought bitcoin at the past the more you hold bitcoins from the past the more you can make a good profit right now..

I do the same. I bought some bitcoin in May last year and save the coin since then. I think the price will rise.

Then you are actually using it as a currency because using it as investment means like you invest in gambling sites and then just wait for profits, withdraw them and repeat. I think most of are using bitcoins as a currency and thats what its meant to be I think

Its obviously worth investing if someone can afford to do that, mostly the ones who earn them by working without any investment use it as a currency because they earn and spend the coins and the ones who buy them with their money just use it as an investment by holding their funds, so it is actually used for both purposes mostly.

I'm using the bitcoin as a investment because I think the bitcoin is gonna be very profitable in the future without any doubts, because of this I'm holding.
The price is gonna rise to a higher amount for sure!

This isn't a big deal mate. in most of areas bitcoin is not acceptable in publicly.  but people still use bitcoin as a currency.
Anyway. I also use bitcoin as an investment, not because I can't use it as a currency but because  I don't have much needs to use bitcoin as currency. so I am using it as an investment and growing my bitcoins.

I agree that we use bitcoin as both investment and currency -I actually would even recommend that we use all of the features and convenience that bitcoins offer.There is no sense of limiting its use because bitcoins is really powerful and convenient to use. If you just focus on using it as currency or as investment, then you are missing something.

Yes its always worth to invest your money in bitcoins as if price reaches to the roof in future then you can get best profits even with a small capital and that is the best thing about bitcoins.

I'm using it for both to be honest and its working out pretty good so that is a good sign, I use it for some payments but also hold a couple as a investment for later to make some good profit.
I think the future of the bitcoin is good and due to that its worth investing also.

I am using it in both ways, as whenever I am in need of money then I sell my coins and convert it to fiat currency and if not then prefer to keep them safe in my wallet for future.

i suppose a little bit of both buying as a currency and indirect(unplanned) investment.

Yes bitcoin is best investment option at a moment so if you have spare money then you can keep on buying coins according to your budget and hold it for a long term.

For bitcoin to be used as a sustainable investment, it also needs to be used as currency. If no one is willing to spend their bitcoin on anything, then it is worthless as a means of currency. Over the long term, a rational person is not going to attribute more value to an asset just because it's 'an investment'.
An example of this would be Beanie Babies - they were treated by many as an investment as opposed to a toy, and that could be part of the reason they failed to increase in value. People bought them as an investment as opposed to play with, but without any real underlying value they didn't appreciate. This differs from other collectible toys which people value because of nostalgia and the fact that  there are very few left in decent condition. Everyone knows someone who has Beanie Babies with the tags still on (so there is lots of supply) but there are very few people who have the nostalgia associated with them because they were never spent. Similarly, if no one spends their bitcoins, then there is no value.
Once the final bitcoin is mined, if the price is unreasonable what is to stop people instead valuing a different crypto currency instead? A large portion of the value derived from bitcoin may be the value it has in darknet markets (just look at the price of bitcoin around the time that the at-that-time biggest darkness market started getting covered by the media). If these markets were to adopt a different currency because of unrealistic expectations as to the value growth of bitcoin, then a significant portion of the actual people spending bitcoin could abandon it.