Do you use bitcoin as currency or investment? - page 26.

Inasin

newbie

Activity: 17

Merit: 0

Quote from: randy8777 on September 03, 2016, 10:19:50 AM

Quote from: Fatanut on September 03, 2016, 10:00:16 AM

I think whenever we buy something, then we are using Bitcoin as currency. But when we're just holding on to them and we leave them untouched, then we use Bitcoin as an investment. My answer to this question is both. I use bitcoin as currency and I also use it as an investment. I have bought some stuffs online using Bitcoin and I'm currently holding on as much bitcoin as I could so that after a year or two, I could get my profits.

it's as following.

currency aspect: when you buy and sell stuff, send and receive transactions from any level.

investment aspect: when you use it for trading purposes, buying it to hold it for a certain period to sell them later on.

store of value: keeping a good portion of your money in bitcoin for a long period of time. of course this can also be seen as some sort of investment, but a lot people don't treat it as such as their only intention is to keep money out the banking system etc.

these are 3 aspect of bitcoin that i am using.

I mainly use the investment and store of value part. I hold 90% of the bitcoins I bought. I also spend some bitcoins.

chaosknight

hero member

Activity: 868

Merit: 1000

Quote from: Fatanut on September 03, 2016, 10:00:16 AM

I think whenever we buy something, then we are using Bitcoin as currency. But when we're just holding on to them and we leave them untouched, then we use Bitcoin as an investment. My answer to this question is both. I use bitcoin as currency and I also use it as an investment. I have bought some stuffs online using Bitcoin and I'm currently holding on as much bitcoin as I could so that after a year or two, I could get my profits.

Yes its both for all us as if we have an opportunity to spend them then we will surely do, but at a moment there are no wide choices to spend it so majority of us are holding it for future.

randy8777

legendary

Activity: 896

Merit: 1000

Quote from: Fatanut on September 03, 2016, 10:00:16 AM

I think whenever we buy something, then we are using Bitcoin as currency. But when we're just holding on to them and we leave them untouched, then we use Bitcoin as an investment. My answer to this question is both. I use bitcoin as currency and I also use it as an investment. I have bought some stuffs online using Bitcoin and I'm currently holding on as much bitcoin as I could so that after a year or two, I could get my profits.

it's as following.

currency aspect: when you buy and sell stuff, send and receive transactions from any level.

investment aspect: when you use it for trading purposes, buying it to hold it for a certain period to sell them later on.

store of value: keeping a good portion of your money in bitcoin for a long period of time. of course this can also be seen as some sort of investment, but a lot people don't treat it as such as their only intention is to keep money out the banking system etc.

these are 3 aspect of bitcoin that i am using.

katrimans

hero member

Activity: 882

Merit: 500

Quote from: goldcoinminer on September 03, 2016, 12:10:36 AM

Quote from: danherbias07 on September 02, 2016, 11:43:53 PM

Quote from: BitLinkInvestments on September 02, 2016, 07:03:17 PM

As a believer of Bitcoin and currencies you should be at least try to use it as both

The problem is ae are used to fiat. Sometimes we forget that bitcoin is also a currency. I have that experience. I still withdrew my bitcoin to fiat for a cash on delivery item. I didnt even think that I could pay thru bitcoin. Short term memory loss hahaha.

I think it would often happen to a country where bitcoin is not widely accepted, we are treating bitcoin as investment rather than a currency because some of our income came from working with bitcoin thru trading and any other forms of money making activities.

Well it depends on how you want to use bitcoin, if you interest in spending it online then there are a lot of things you can do like shopping, paying fees and bills,etc.

You can easily find some websites that accept bitcoin, but if you want to know how it feel to use bitcoin directly in real life then it depends on the area you stay whether it allows using bitcoin publicly or prohibits bitcoin or even doesn’t know about the existence of bitcoin.

Fatanut

legendary

Activity: 1008

Merit: 1060

I think whenever we buy something, then we are using Bitcoin as currency. But when we're just holding on to them and we leave them untouched, then we use Bitcoin as an investment. My answer to this question is both. I use bitcoin as currency and I also use it as an investment. I have bought some stuffs online using Bitcoin and I'm currently holding on as much bitcoin as I could so that after a year or two, I could get my profits.

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: danherbias07 on September 02, 2016, 11:43:53 PM

Quote from: BitLinkInvestments on September 02, 2016, 07:03:17 PM

As a believer of Bitcoin and currencies you should be at least try to use it as both

The problem is ae are used to fiat. Sometimes we forget that bitcoin is also a currency. I have that experience. I still withdrew my bitcoin to fiat for a cash on delivery item. I didnt even think that I could pay thru bitcoin. Short term memory loss hahaha.

I think it would often happen to a country where bitcoin is not widely accepted, we are treating bitcoin as investment rather than a currency because some of our income came from working with bitcoin thru trading and any other forms of money making activities.

danherbias07

legendary

Activity: 3346

Merit: 1134

Leading Crypto Sports Betting & Casino Platform

Quote from: BitLinkInvestments on September 02, 2016, 07:03:17 PM

As a believer of Bitcoin and currencies you should be at least try to use it as both

The problem is ae are used to fiat. Sometimes we forget that bitcoin is also a currency. I have that experience. I still withdrew my bitcoin to fiat for a cash on delivery item. I didnt even think that I could pay thru bitcoin. Short term memory loss hahaha.

serjent05

legendary

Activity: 3052

Merit: 1281

Get $2100 deposit bonuses & 60 FS

Quote from: BitLinkInvestments on September 02, 2016, 07:03:17 PM

As a believer of Bitcoin and currencies you should be at least try to use it as both

I agree we should spend our bitcoin to support the bitcoin economy and at the same time invest it to enable us to earn more. Others think that the only way to earn thru bitcoin is holding it for a long time while it is obvious that using it as investment on different profit generating business venture can give them more profit.

BitLinkInvestments

newbie

Activity: 28

Merit: 0

As a believer of Bitcoin and currencies you should be at least try to use it as both

chaosknight

hero member

Activity: 868

Merit: 1000

Quote from: MTBTT on September 02, 2016, 06:20:12 PM

Quote from: gilangIDR on September 02, 2016, 08:50:36 AM

bitcoin I use mostly for investment. I am happy to make trades because it can make me earn huge profits. I save some of my money to buy daily needs.

yeah I use the bitcoin also for investment. I buy bitcoin solely due to benefit from the investment in bitcoin? yeah I always convert it to a fiat after getting profit

That's the right thing to do, sell your coins without any hesitation if you are making profits from it, as we are investing our money into it only to earn profits.

MTBTT

hero member

Activity: 504

Merit: 500

Quote from: gilangIDR on September 02, 2016, 08:50:36 AM

bitcoin I use mostly for investment. I am happy to make trades because it can make me earn huge profits. I save some of my money to buy daily needs.

yeah I use the bitcoin also for investment. I buy bitcoin solely due to benefit from the investment in bitcoin? yeah I always convert it to a fiat after getting profit

eddyubachs

hero member

Activity: 812

Merit: 1000

Quote from: klf on September 02, 2016, 05:23:31 PM

Quote from: starmman on September 02, 2016, 03:49:51 PM

Quote from: lakisis on September 02, 2016, 02:25:02 PM

i using bitcoin is currency for online shopping because bitcoin transaction is very fastest and bitcoin transaction fees is very much lower and sometime i feel my money secure and safe in bitcoin than bank account and i feel so good when i use it for online shopping.

I find the opposite to be true - but I was never a victim of bank fraud, and all money in a bank is guarenteed by the government furthermore bank transaction fees are 0 and very fast over here in the UK

As of now I too feel banks are much better than having all our money in bitcoins because of two reasons. First one is bitcoin prices are too volatile and by keeping all our money in this means taking lot of risk and it is not good in the long run. Secondly bank are well protected than my computer at least in my country.

Exactly, even our coins are not growing at rapid pace in banks but we are assured that its safe and we not gonna loose that money but same doesn't goes with bitcoins.

klf

legendary

Activity: 1344

Merit: 1000

Quote from: starmman on September 02, 2016, 03:49:51 PM

Quote from: lakisis on September 02, 2016, 02:25:02 PM

i using bitcoin is currency for online shopping because bitcoin transaction is very fastest and bitcoin transaction fees is very much lower and sometime i feel my money secure and safe in bitcoin than bank account and i feel so good when i use it for online shopping.

I find the opposite to be true - but I was never a victim of bank fraud, and all money in a bank is guarenteed by the government furthermore bank transaction fees are 0 and very fast over here in the UK

As of now I too feel banks are much better than having all our money in bitcoins because of two reasons. First one is bitcoin prices are too volatile and by keeping all our money in this means taking lot of risk and it is not good in the long run. Secondly bank are well protected than my computer at least in my country.

gerXhonza

hero member

Activity: 812

Merit: 1000

Quote from: starmman on September 02, 2016, 03:49:51 PM

Quote from: lakisis on September 02, 2016, 02:25:02 PM

i using bitcoin is currency for online shopping because bitcoin transaction is very fastest and bitcoin transaction fees is very much lower and sometime i feel my money secure and safe in bitcoin than bank account and i feel so good when i use it for online shopping.

I find the opposite to be true - but I was never a victim of bank fraud, and all money in a bank is guarenteed by the government furthermore bank transaction fees are 0 and very fast over here in the UK

Yeah banks are providing so many attractive features to its customers at a moment and it has been the most safest place to store your money, while in bitcoin there is a risk of coins getting hacked.

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: lakisis on September 02, 2016, 02:25:02 PM

i using bitcoin is currency for online shopping because bitcoin transaction is very fastest and bitcoin transaction fees is very much lower and sometime i feel my money secure and safe in bitcoin than bank account and i feel so good when i use it for online shopping.

I find the opposite to be true - but I was never a victim of bank fraud, and all money in a bank is guarenteed by the government furthermore bank transaction fees are 0 and very fast over here in the UK

lakisis

full member

Activity: 196

Merit: 100

i using bitcoin is currency for online shopping because bitcoin transaction is very fastest and bitcoin transaction fees is very much lower and sometime i feel my money secure and safe in bitcoin than bank account and i feel so good when i use it for online shopping.

8Habits

sr. member

Activity: 756

Merit: 294

Quote from: ?? on ??

Investing with bitcoins is not all that smart, there have been a lot of ponzi schemes. Everyday more and more online services start accepting bitcoin as a payment. So the best sorce of action is to just wait unless you can just turn your bitcoins into cash. And that actually makes the whole bitcoins an investment.

Investing with bitcoins is not all about these hyip and ponzi scams. When you say investing, you are using that money to earn money for you. So apart from joining these ponzi scam (which I wonder there're are still many people fall prey from it), using your bitcoins to trade or establishing a business that is built with bitcoin transactions are all investmen - not only joining to ponzi scam (which you must not join and get yourself victimized with them).

agustina2

legendary

Activity: 2436

Merit: 1008

Quote from: Mastsetad on September 02, 2016, 11:26:22 AM

Quote from: Achargeturry78 on September 02, 2016, 08:46:15 AM

Quote from: J Gambler on August 18, 2016, 09:32:52 PM

i already vote for both of them because as a investors or as a bitcoin miner , we all know that we are using bitcoin currency to invest so that we can grow our money with out doing anything just to sit infront of our computer and some investors are using bitcoin currency to gamble their money so that they can easily double their money as 123 and their always taking the risk

well for me i will vote both of them too because they're many investors now who choosing bitcoin so that they can use it as a currency to start investing or trading because investors are always thinking that they can easily grow they're money in bitcoin which is they choosing it because it is easy to use

Both is the actually the real option for most bitcoin users because most of us use it as an investment to grow what we already has and the purpose of growing them is probably to use them for something we need in coming time, so we should select the option both.

Besides using it as a currency nor investment will gives good benefits for bitcoin.

Investment will take bitcoin price to increase while using it as a currency will make bitcoin become more stable in the financial market.

fkvidar

hero member

Activity: 924

Merit: 1000

Quote from: Mastsetad on September 02, 2016, 11:26:22 AM

Quote from: Achargeturry78 on September 02, 2016, 08:46:15 AM

Quote from: J Gambler on August 18, 2016, 09:32:52 PM

i already vote for both of them because as a investors or as a bitcoin miner , we all know that we are using bitcoin currency to invest so that we can grow our money with out doing anything just to sit infront of our computer and some investors are using bitcoin currency to gamble their money so that they can easily double their money as 123 and their always taking the risk

well for me i will vote both of them too because they're many investors now who choosing bitcoin so that they can use it as a currency to start investing or trading because investors are always thinking that they can easily grow they're money in bitcoin which is they choosing it because it is easy to use

Both is the actually the real option for most bitcoin users because most of us use it as an investment to grow what we already has and the purpose of growing them is probably to use them for something we need in coming time, so we should select the option both.

Majority of users considers it as an investment and not a currency, the main motto of people is to make profits from it in long run and that is the reason they don't prefer to spend it.

Senor.Bla

sr. member

Activity: 280

Merit: 253

Quote from: Mastsetad on September 02, 2016, 11:26:22 AM

Quote from: Achargeturry78 on September 02, 2016, 08:46:15 AM

Quote from: J Gambler on August 18, 2016, 09:32:52 PM

i already vote for both of them because as a investors or as a bitcoin miner , we all know that we are using bitcoin currency to invest so that we can grow our money with out doing anything just to sit infront of our computer and some investors are using bitcoin currency to gamble their money so that they can easily double their money as 123 and their always taking the risk

well for me i will vote both of them too because they're many investors now who choosing bitcoin so that they can use it as a currency to start investing or trading because investors are always thinking that they can easily grow they're money in bitcoin which is they choosing it because it is easy to use

Both is the actually the real option for most bitcoin users because most of us use it as an investment to grow what we already has and the purpose of growing them is probably to use them for something we need in coming time, so we should select the option both.

i think you can make still a difference. and this also applies for mines. if you are in because you want to make (fiat) money, then you are investing. trading or mining with the purpose to make money is investing, even if you have to use bitcoin as a currency.
you vote currency if you use bitcoin to buy and sell stuff in bitcoin or if you earn bitcoin to buy stuff for bitcoin.

Topic: Do you use bitcoin as currency or investment? - page 26. (Read 74633 times)