Do you use bitcoin as currency or investment? - page 30.

crairezx20

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Quote from: Shibashi Dogemoto on August 28, 2016, 10:07:35 AM

Quote from: coin_gambler on August 28, 2016, 09:48:06 AM

Quote from: starmman on August 28, 2016, 03:24:57 AM

I still didn't buy anything with Bitcoin so far, only investment. I think I'll start buying once I get a larger stash of the coin together (hopefully that will be sooner rather than later).

the same for me i really believe that it might make me a rich person in the future so im trying not to sell it at all though in the future it might change

Nobody can be sure that price will go higher in future, so if you have an opportunity to spend it as an currency then you should go for it and save some of it for the future.

yeah thats a good idea that you save some of your bitcoin so that if bitcoin will be still alive in the future and the price of bitcoin is really high you have chance to exchange your some of your bitcoin to make a profit.. or if you have bitcoins right now better to spend it to make more profit invest it in your knowlege or use bitcoin to invest it in your knowledge.. so that you have a great future that you can use your skills to earn money..

SmirnoffVany

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In my opinion, few invests or trades bitcoin as a currency. Most likely earn bitcoin users and change it to a normal real currency to have to use it for other purposes.

Shibashi Dogemoto

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Quote from: coin_gambler on August 28, 2016, 09:48:06 AM

Quote from: starmman on August 28, 2016, 03:24:57 AM

I still didn't buy anything with Bitcoin so far, only investment. I think I'll start buying once I get a larger stash of the coin together (hopefully that will be sooner rather than later).

the same for me i really believe that it might make me a rich person in the future so im trying not to sell it at all though in the future it might change

Nobody can be sure that price will go higher in future, so if you have an opportunity to spend it as an currency then you should go for it and save some of it for the future.

Noctis Connor

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Quote from: Cromvel on August 26, 2016, 09:09:06 AM

I use bitcoins as currency. sometimes I gamble for bitcoins - http://gamesmoney.com/casino-slotslv - however, I only spend=))) oh....

wow thats nice when you are going to say that gambling is life now because i know you are getting such money to help your daily expenses huh anyways thats a share holing that you are going to share your luck on me someday that im going to use it to win also i use bitcoin curency just to invest

mark coins

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Quote from: avikz on August 28, 2016, 09:51:16 AM

I use bitcoin purely as an investment and not as a currency. I mean I will not buy my daily supply using bitcoin.

Bitcoin has the potential to go up to any level in future and that's why I want to earn more bitcoin and save it so that I can make few of my dreams come true. If you are using bitcoin to buy daily supply and mobile recharge then you are simply wasting a lifetime opportunity to become rich.

If everyone will prefer to save their coins without spending it then it will never take price to a higher level, if we want to see bitcoin as a stronger currency then we need circulation of coins in market.

avikz

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I use bitcoin purely as an investment and not as a currency. I mean I will not buy my daily supply using bitcoin.

Bitcoin has the potential to go up to any level in future and that's why I want to earn more bitcoin and save it so that I can make few of my dreams come true. If you are using bitcoin to buy daily supply and mobile recharge then you are simply wasting a lifetime opportunity to become rich.

coin_gambler

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Quote from: starmman on August 28, 2016, 03:24:57 AM

I still didn't buy anything with Bitcoin so far, only investment. I think I'll start buying once I get a larger stash of the coin together (hopefully that will be sooner rather than later).

the same for me i really believe that it might make me a rich person in the future so im trying not to sell it at all though in the future it might change

Anon_7716

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Quote from: eddyubachs on August 28, 2016, 08:12:21 AM

Quote from: ?? on ??

Quote from: goldcoinminer on August 28, 2016, 06:37:22 AM

Quote from: btvGainer on August 28, 2016, 05:03:07 AM

Quote from: blackmachinegun on August 28, 2016, 02:51:18 AM

Quote from: Cromvel on August 26, 2016, 09:09:06 AM

I use bitcoins as currency. sometimes I gamble for bitcoins - http://gamesmoney.com/casino-slotslv - however, I only spend=))) oh....

I think it is impossible that people using bitcoin is only to be used as spending alone or currencies only. of course they will try to get bitcoin or benefit with bitcoin.
I know a lot about the purpose of the users of bitcoin

Yes there are not many options available to spend bitcoin.Not many merchants accept bitcoin.So if you have some coins, investment could be an good choice.It can grow your coins and also help bitcoin economy

How can we help when we are just keeping our bitcoin, I think the only way we can help is to spend our bitcoins to increase the market circulation and everybody will be happy, but like you said we should invest to generate income but to help we should attract others to spend and we take the income.

Yeah if you really want to help the adoption of bitcoin fast then you must spend bitcoin as a currency and also get some good investments at all. This is what I am doing right now, I am using bitcoins for all the possible things that be bought and get paid with it. But I am still saving some amount but not that too high.

Yeah only holding will never make bitcoin as a stronger currency, its should be spent and should be treated like an currency and more adoption will take price higher in future.

Yeah that's something pretty good to do, if we do not have the skills or the ability to fold the duplicate bitcoin by other means (gambling, investing, etc.). because the price of the bitcoin is unstable, and it could be put to good use when we have high enough patience. To get the advantages we have to wait and be reckless

eddyubachs

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Quote from: ?? on ??

Quote from: goldcoinminer on August 28, 2016, 06:37:22 AM

Quote from: btvGainer on August 28, 2016, 05:03:07 AM

Quote from: blackmachinegun on August 28, 2016, 02:51:18 AM

Quote from: Cromvel on August 26, 2016, 09:09:06 AM

I use bitcoins as currency. sometimes I gamble for bitcoins - http://gamesmoney.com/casino-slotslv - however, I only spend=))) oh....

I think it is impossible that people using bitcoin is only to be used as spending alone or currencies only. of course they will try to get bitcoin or benefit with bitcoin.
I know a lot about the purpose of the users of bitcoin

Yes there are not many options available to spend bitcoin.Not many merchants accept bitcoin.So if you have some coins, investment could be an good choice.It can grow your coins and also help bitcoin economy

How can we help when we are just keeping our bitcoin, I think the only way we can help is to spend our bitcoins to increase the market circulation and everybody will be happy, but like you said we should invest to generate income but to help we should attract others to spend and we take the income.

Yeah if you really want to help the adoption of bitcoin fast then you must spend bitcoin as a currency and also get some good investments at all. This is what I am doing right now, I am using bitcoins for all the possible things that be bought and get paid with it. But I am still saving some amount but not that too high.

Yeah only holding will never make bitcoin as a stronger currency, its should be spent and should be treated like an currency and more adoption will take price higher in future.

goldcoinminer

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Quote from: btvGainer on August 28, 2016, 05:03:07 AM

Quote from: blackmachinegun on August 28, 2016, 02:51:18 AM

Quote from: Cromvel on August 26, 2016, 09:09:06 AM

I use bitcoins as currency. sometimes I gamble for bitcoins - http://gamesmoney.com/casino-slotslv - however, I only spend=))) oh....

I think it is impossible that people using bitcoin is only to be used as spending alone or currencies only. of course they will try to get bitcoin or benefit with bitcoin.
I know a lot about the purpose of the users of bitcoin

Yes there are not many options available to spend bitcoin.Not many merchants accept bitcoin.So if you have some coins, investment could be an good choice.It can grow your coins and also help bitcoin economy

How can we help when we are just keeping our bitcoin, I think the only way we can help is to spend our bitcoins to increase the market circulation and everybody will be happy, but like you said we should invest to generate income but to help we should attract others to spend and we take the income.

btvGainer

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Quote from: blackmachinegun on August 28, 2016, 02:51:18 AM

Quote from: Cromvel on August 26, 2016, 09:09:06 AM

I use bitcoins as currency. sometimes I gamble for bitcoins - http://gamesmoney.com/casino-slotslv - however, I only spend=))) oh....

I think it is impossible that people using bitcoin is only to be used as spending alone or currencies only. of course they will try to get bitcoin or benefit with bitcoin.
I know a lot about the purpose of the users of bitcoin

Yes there are not many options available to spend bitcoin.Not many merchants accept bitcoin.So if you have some coins, investment could be an good choice.It can grow your coins and also help bitcoin economy

garundang

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I use them only as currency, because i like to use bitcoins, and i have some local stores that accepts bitcoins so i pay for stuff there sometimes, i love to use bitcoins because it is very easy to do so

Sanutos

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I bought some bitcoins several years ago. I have saved or hold 90% of the bitcoin. I used about 10% to buy things.

ABCbits

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Quote from: BeGoods on August 28, 2016, 03:14:55 AM

Quote from: Mastsetad on August 21, 2016, 03:36:07 AM

Quote from: deadpoolx on August 20, 2016, 07:07:49 AM

I think most people use for both purposes, especially taking into consideration the number of holders expecting the currency to appreciate.

The number of bitcoin holders are always expecting bitcoin to become usable as a currency as well but because of the low level of adoption we are still not available to use it as a currency that is the reason why it is being used as an investment mostly.

yeah one cause bitcoin can not be used as a currency that perfect is because adopter is still fairly small. so traders are reluctant to add bitcoin as an additional payment option. though I think it will not harm them in the slightest? why they do not accept bitcoin?

Of course there's risk when you accept bitcoin as payment such as :
1. Costs for system, resources and preparation needed to accept bitcoin.
2. Legality of Bitcoin in country where they run their services.
3. Bitcoin's bad reputation in mainstream media could tainted their reputation as well.
4. Number of people who would use bitcoin if they accept bitcoin, a company/service won't accept payment that no one uses.
5. Unstable bitcoin price, even though they can convert it to fiat immediately.

8Habits

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Quote from: gandame on August 28, 2016, 04:17:44 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 used them both because bitcoin is used to further invest in trading and also I use bitcoin as a currency because here I gathered the income from trading and forum. Bitcoin is so important because using it in different ways . Very easy to use yet another invest primarily in investment sites that accept bitcoin.

To all bitcoin holders, using the full potential and features of bitcoin seems automatic.. we can at anytime use it as currency to merchants that accept bitcoins, invest to trading platforms that also accepts bitcoins, and can even use it to deposit to online casinos with no hassle at all compared to fiat money. That is why, bitcoin is the best and have the most potential among other cryptocurrencies..

gandame

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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 used them both because bitcoin is used to further invest in trading and also I use bitcoin as a currency because here I gathered the income from trading and forum. Bitcoin is so important because using it in different ways . Very easy to use yet another invest primarily in investment sites that accept bitcoin.

1Referee

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Quote from: starmman on August 28, 2016, 03:24:57 AM

I still didn't buy anything with Bitcoin so far, only investment. I think I'll start buying once I get a larger stash of the coin together (hopefully that will be sooner rather than later).

You don't have to force yourself to buy something when there isn't anything you need. I at this point only spend my coins on Namecheap for buying domains and adding years to domains. Other than that there isn't anything that I need to spend coins at, so I don't do it.

deadpoolx

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I usually buy it because of the potential to make profit, mainly as an investment in that case. But sometimes I spend it. So I could say that I use it for both purposes, as an investment and as a currency sometimes.

starmman

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I still didn't buy anything with Bitcoin so far, only investment. I think I'll start buying once I get a larger stash of the coin together (hopefully that will be sooner rather than later).

BeGoods

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Quote from: Mastsetad on August 21, 2016, 03:36:07 AM

Quote from: deadpoolx on August 20, 2016, 07:07:49 AM

I think most people use for both purposes, especially taking into consideration the number of holders expecting the currency to appreciate.

The number of bitcoin holders are always expecting bitcoin to become usable as a currency as well but because of the low level of adoption we are still not available to use it as a currency that is the reason why it is being used as an investment mostly.

yeah one cause bitcoin can not be used as a currency that perfect is because adopter is still fairly small. so traders are reluctant to add bitcoin as an additional payment option. though I think it will not harm them in the slightest? why they do not accept bitcoin?

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