Do you use bitcoin as currency or investment? - page 39.

20kevin20

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Quote from: ubitcoin on August 21, 2016, 01:17:41 PM

Quote from: danherbias07 on August 20, 2016, 09:19:26 AM

Quote from: jakelyson on August 20, 2016, 09:12:52 AM

Quote from: fkvidar on August 19, 2016, 10:46:14 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.

It is still good. If you can't spend bitcoins, you can just hold all of them and wait til a very high price. It is actually better because you will not be tempted to spend your bitcoins on useless things.

Yeah. But if really needed you might want to withdrew it. Notjing wrong with it. Bitcoin is not really made just to be stucked in your wallet.

Withdrawing your coins actually help in the bitcoin network since your coins gets into the active circulation.
Holding coins are not actually helping the bitcoin network since there is a lowering possible supply of coins because many are becoming inactive coins.

I think the price would rather rise when holding them than when withdrawing them. It would put it in circulation, but would mean selling it (which would mean we are not interested in it anymore), so it would lower the price.

wxa7115

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Quote from: pereira4 on August 21, 2016, 08:55:02 AM

Quote from: chaosknight on August 21, 2016, 08:21:49 AM

Quote from: ?? on ??

Quote from: Strongkored on August 21, 2016, 07:16:48 AM

Quote from: eddyubachs on August 21, 2016, 07:05:51 AM

Quote from: diodio5 on August 21, 2016, 03:56:04 AM

Quote from: vindicare on August 20, 2016, 01:53:47 AM

for now I'm using it as an currency to buy some extras on the internet because I dont know where to invest it and I dont have any trading skills at this moment . hoping this year that I can use bitcoin as an investment so that I can have extra money to use in real life. Grin

Lol I think if you do not know where to invest bitcoin and how much you want to invest I think you just need to hold the course in your bitcoin wallet and wait for prices to rise. you have to have is patience I'm sure you will benefit from this investment? why do not you try it?

Yeah if one doesn't have knowledge of trading and investment then the best thing is to hold them for future, no doubt holding will not grow your coins but if price goes higher in future you can earn good profits from it.

Yes, for a newbie who are new to bitcoin I think holding a great way to do. Because if they have long known bitcoin, then later they will also know about trading. Due trading requires knowledge and experience about the market analysis. hehe

But it is also going to be a good thing if a newbie is going to know how to use his bitcoin for real life as a currency for sure he is going to be encourage if he ever manage to use it as a currency. And of course at the same time it is also better if he is going to hold some of the portion of his bitcoin so that he can have his own investment.

There is no complexity in using it as a currency, they can use it wherever they want, but as a newbie they might not be aware that which is the right place to invest their coins.

Most people that get into bitcoin, do so because they think it will increase in value in the future. Most people treat Bitcoin as an investment and not as an actual currency, and that is ok. People should be free to do so.

Until the usage is more mainstream and people get paid in Bitcoin, it doesn't make much sense to pay with Bitcoin for most of the stuff out there when fiat is enough. Sometimes it is very useful for certain services, but most of the everyday stuff can be paid in fiat.

Yeah if you have enough fiat in order to pay your bills it is better to use that than to use bitcoin, since I personally have no doubt that bitcoin is going to increase in value.

ubitcoin

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Quote from: danherbias07 on August 20, 2016, 09:19:26 AM

Quote from: jakelyson on August 20, 2016, 09:12:52 AM

Quote from: fkvidar on August 19, 2016, 10:46:14 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.

It is still good. If you can't spend bitcoins, you can just hold all of them and wait til a very high price. It is actually better because you will not be tempted to spend your bitcoins on useless things.

Yeah. But if really needed you might want to withdrew it. Notjing wrong with it. Bitcoin is not really made just to be stucked in your wallet.

Withdrawing your coins actually help in the bitcoin network since your coins gets into the active circulation.
Holding coins are not actually helping the bitcoin network since there is a lowering possible supply of coins because many are becoming inactive coins.

MFahad

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Quote from: eddyubachs on August 21, 2016, 07:05:51 AM

Quote from: diodio5 on August 21, 2016, 03:56:04 AM

Quote from: vindicare on August 20, 2016, 01:53:47 AM

for now I'm using it as an currency to buy some extras on the internet because I dont know where to invest it and I dont have any trading skills at this moment . hoping this year that I can use bitcoin as an investment so that I can have extra money to use in real life. Grin

Lol I think if you do not know where to invest bitcoin and how much you want to invest I think you just need to hold the course in your bitcoin wallet and wait for prices to rise. you have to have is patience I'm sure you will benefit from this investment? why do not you try it?

Yeah if one doesn't have knowledge of trading and investment then the best thing is to hold them for future, no doubt holding will not grow your coins but if price goes higher in future you can earn good profits from it.

Bitcoin is both a currecny and an investment. I also hold my coins and waiting for them to rise high. Bitcoins are the only currency that grows at a rapid rate and it has helped a lot of people earn good money.

JumperX

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Quote from: shinratensei_ on August 21, 2016, 10:13:17 AM

Quote from: Jasad on August 21, 2016, 07:08:34 AM

Quote from: tampazeus on August 20, 2016, 03:17:14 AM

Quote from: Jasad on August 20, 2016, 02:49:25 AM

Quote from: dmarine on August 20, 2016, 02:19:33 AM

Mainly as an investment, holding for the long term.

why you only make bitcoin as an investment only? what's the reason?
have you ever thinking to consider bitcoin as currency? or digital currency at least?
bitcoin are spendable almost everyhere around the world currently ,
some people even call bitcoin as the future of global currency.

Bitcoin is mainly used as a digital currency and not as a physical currency and that makes people to treat it as an investment and in future when people find direct places to spend they will start using it as a currency.

i can not imagine how bitcoin be a physical currency and used in real life ,
it will looks strange and ugly maybe?
for me that was not the reason , as long as you can pay something use bitcoin , it is a currency!
people just feel too insecure use and spend bitcoin.

In my imagination, if bitcoin is a physical currency in real life their will shaped like a pennies and cents, but my minds is not in there. imagine about the real physical of bitcoin will make me laugh with that. Cheesy

I don't think that there is anything to laugh in it, as if it gains physical form then it will make bitcoin more popular as people have more faith in something that they can hold physically.

Inasin

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Quote from: keaderza on August 21, 2016, 09:53:42 AM

Mostly as an investment in itself, I use it as a currency once a while buying online goods (sometimes it's even more convenient than PayPal), but it's harder to get than other online currencies so I don't use it that much.

I am doing the same. I bought some bitcoin a few years ago. I saved 90% of the coins and used about 10% of the coins.

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Quote from: Jasad on August 21, 2016, 07:08:34 AM

Quote from: tampazeus on August 20, 2016, 03:17:14 AM

Quote from: Jasad on August 20, 2016, 02:49:25 AM

Quote from: dmarine on August 20, 2016, 02:19:33 AM

Mainly as an investment, holding for the long term.

why you only make bitcoin as an investment only? what's the reason?
have you ever thinking to consider bitcoin as currency? or digital currency at least?
bitcoin are spendable almost everyhere around the world currently ,
some people even call bitcoin as the future of global currency.

Bitcoin is mainly used as a digital currency and not as a physical currency and that makes people to treat it as an investment and in future when people find direct places to spend they will start using it as a currency.

i can not imagine how bitcoin be a physical currency and used in real life ,
it will looks strange and ugly maybe?
for me that was not the reason , as long as you can pay something use bitcoin , it is a currency!
people just feel too insecure use and spend bitcoin.

In my imagination, if bitcoin is a physical currency in real life their will shaped like a pennies and cents, but my minds is not in there. imagine about the real physical of bitcoin will make me laugh with that. Cheesy

Corenin

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Quote from: GregH37 on August 21, 2016, 09:07:02 AM

Quote from: bryant.coleman on August 21, 2016, 07:12:49 AM

To tell the truth, right now I am considering Bitcoin as a form of investment. It is protected against inflation, and therefore I don't have to worry about the returns. On the other hand, it is extremely difficult to use BTC as a form of currency, as I don't do much of online shopping. I hope that the situation will change in the future, but till then, I will not consider BTC as a form of currency.

This is right people who don't interested very much in online shopping they can face some difficulties to use bitcoin as a currency. but I don't think there is any issue to shop online. online shopping is almost very safe and secured. almost the whole world getting interfere into it.
but no problem bitcoin is a good investment too. and the other thing is it can be easily exchanged into bitcoin.

Yeah bitcoin is not accepted everywhere yet as a currency and that is the reason we all are treating it as an investment and I think its not used or accepted only because people don't hold proper knowledge of it.

keaderza

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Mostly as an investment in itself, I use it as a currency once a while buying online goods (sometimes it's even more convenient than PayPal), but it's harder to get than other online currencies so I don't use it that much.

twa

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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 use bitcoin as both Cheesy

As sometimes i buy/sell it to earn more, sometimes i buy bitcoins, send them to new wallet and keep them for long time, and sometime i buy them and i spend them.

GregH37

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Quote from: bryant.coleman on August 21, 2016, 07:12:49 AM

To tell the truth, right now I am considering Bitcoin as a form of investment. It is protected against inflation, and therefore I don't have to worry about the returns. On the other hand, it is extremely difficult to use BTC as a form of currency, as I don't do much of online shopping. I hope that the situation will change in the future, but till then, I will not consider BTC as a form of currency.

This is right people who don't interested very much in online shopping they can face some difficulties to use bitcoin as a currency. but I don't think there is any issue to shop online. online shopping is almost very safe and secured. almost the whole world getting interfere into it.
but no problem bitcoin is a good investment too. and the other thing is it can be easily exchanged into bitcoin.

gerXhonza

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Quote from: pereira4 on August 21, 2016, 08:55:02 AM

Quote from: chaosknight on August 21, 2016, 08:21:49 AM

Quote from: ?? on ??

Quote from: Strongkored on August 21, 2016, 07:16:48 AM

Quote from: eddyubachs on August 21, 2016, 07:05:51 AM

Quote from: diodio5 on August 21, 2016, 03:56:04 AM

Quote from: vindicare on August 20, 2016, 01:53:47 AM

for now I'm using it as an currency to buy some extras on the internet because I dont know where to invest it and I dont have any trading skills at this moment . hoping this year that I can use bitcoin as an investment so that I can have extra money to use in real life. Grin

Lol I think if you do not know where to invest bitcoin and how much you want to invest I think you just need to hold the course in your bitcoin wallet and wait for prices to rise. you have to have is patience I'm sure you will benefit from this investment? why do not you try it?

Yeah if one doesn't have knowledge of trading and investment then the best thing is to hold them for future, no doubt holding will not grow your coins but if price goes higher in future you can earn good profits from it.

Yes, for a newbie who are new to bitcoin I think holding a great way to do. Because if they have long known bitcoin, then later they will also know about trading. Due trading requires knowledge and experience about the market analysis. hehe

But it is also going to be a good thing if a newbie is going to know how to use his bitcoin for real life as a currency for sure he is going to be encourage if he ever manage to use it as a currency. And of course at the same time it is also better if he is going to hold some of the portion of his bitcoin so that he can have his own investment.

There is no complexity in using it as a currency, they can use it wherever they want, but as a newbie they might not be aware that which is the right place to invest their coins.

Most people that get into bitcoin, do so because they think it will increase in value in the future. Most people treat Bitcoin as an investment and not as an actual currency, and that is ok. People should be free to do so.

Until the usage is more mainstream and people get paid in Bitcoin, it doesn't make much sense to pay with Bitcoin for most of the stuff out there when fiat is enough. Sometimes it is very useful for certain services, but most of the everyday stuff can be paid in fiat.

Yeah and I think people are more comfortable in using fiat and cards for buying things as they are used to it and it involves less time whereas in bitcoin you need to wait for confirmations.

8Habits

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Quote from: pereira4 on August 21, 2016, 08:55:02 AM

Quote from: chaosknight on August 21, 2016, 08:21:49 AM

Quote from: ?? on ??

Quote from: Strongkored on August 21, 2016, 07:16:48 AM

Quote from: eddyubachs on August 21, 2016, 07:05:51 AM

Quote from: diodio5 on August 21, 2016, 03:56:04 AM

Quote from: vindicare on August 20, 2016, 01:53:47 AM

for now I'm using it as an currency to buy some extras on the internet because I dont know where to invest it and I dont have any trading skills at this moment . hoping this year that I can use bitcoin as an investment so that I can have extra money to use in real life. Grin

Lol I think if you do not know where to invest bitcoin and how much you want to invest I think you just need to hold the course in your bitcoin wallet and wait for prices to rise. you have to have is patience I'm sure you will benefit from this investment? why do not you try it?

Yeah if one doesn't have knowledge of trading and investment then the best thing is to hold them for future, no doubt holding will not grow your coins but if price goes higher in future you can earn good profits from it.

Yes, for a newbie who are new to bitcoin I think holding a great way to do. Because if they have long known bitcoin, then later they will also know about trading. Due trading requires knowledge and experience about the market analysis. hehe

But it is also going to be a good thing if a newbie is going to know how to use his bitcoin for real life as a currency for sure he is going to be encourage if he ever manage to use it as a currency. And of course at the same time it is also better if he is going to hold some of the portion of his bitcoin so that he can have his own investment.

There is no complexity in using it as a currency, they can use it wherever they want, but as a newbie they might not be aware that which is the right place to invest their coins.

Most people that get into bitcoin, do so because they think it will increase in value in the future. Most people treat Bitcoin as an investment and not as an actual currency, and that is ok. People should be free to do so.

Until the usage is more mainstream and people get paid in Bitcoin, it doesn't make much sense to pay with Bitcoin for most of the stuff out there when fiat is enough. Sometimes it is very useful for certain services, but most of the everyday stuff can be paid in fiat.

That is right.. I only use my bitcoin for exchange, loan offer, and deposit in gambling sites. The rest like shopping both online and offline are done with fiat money. I prefer not to use bitcoins to buy it for things and other services unless only bitcoin is accepted. The reason is that, bitcoin is very promising and can raise big at anytime soon compared to fiat money that slowly moves its value (can even decrease its value through inflation).

pereira4

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Quote from: chaosknight on August 21, 2016, 08:21:49 AM

Quote from: ?? on ??

Quote from: Strongkored on August 21, 2016, 07:16:48 AM

Quote from: eddyubachs on August 21, 2016, 07:05:51 AM

Quote from: diodio5 on August 21, 2016, 03:56:04 AM

Quote from: vindicare on August 20, 2016, 01:53:47 AM

for now I'm using it as an currency to buy some extras on the internet because I dont know where to invest it and I dont have any trading skills at this moment . hoping this year that I can use bitcoin as an investment so that I can have extra money to use in real life. Grin

Lol I think if you do not know where to invest bitcoin and how much you want to invest I think you just need to hold the course in your bitcoin wallet and wait for prices to rise. you have to have is patience I'm sure you will benefit from this investment? why do not you try it?

Yeah if one doesn't have knowledge of trading and investment then the best thing is to hold them for future, no doubt holding will not grow your coins but if price goes higher in future you can earn good profits from it.

Yes, for a newbie who are new to bitcoin I think holding a great way to do. Because if they have long known bitcoin, then later they will also know about trading. Due trading requires knowledge and experience about the market analysis. hehe

But it is also going to be a good thing if a newbie is going to know how to use his bitcoin for real life as a currency for sure he is going to be encourage if he ever manage to use it as a currency. And of course at the same time it is also better if he is going to hold some of the portion of his bitcoin so that he can have his own investment.

There is no complexity in using it as a currency, they can use it wherever they want, but as a newbie they might not be aware that which is the right place to invest their coins.

Most people that get into bitcoin, do so because they think it will increase in value in the future. Most people treat Bitcoin as an investment and not as an actual currency, and that is ok. People should be free to do so.

Until the usage is more mainstream and people get paid in Bitcoin, it doesn't make much sense to pay with Bitcoin for most of the stuff out there when fiat is enough. Sometimes it is very useful for certain services, but most of the everyday stuff can be paid in fiat.

chaosknight

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Quote from: ?? on ??

Quote from: Strongkored on August 21, 2016, 07:16:48 AM

Quote from: eddyubachs on August 21, 2016, 07:05:51 AM

Quote from: diodio5 on August 21, 2016, 03:56:04 AM

Quote from: vindicare on August 20, 2016, 01:53:47 AM

for now I'm using it as an currency to buy some extras on the internet because I dont know where to invest it and I dont have any trading skills at this moment . hoping this year that I can use bitcoin as an investment so that I can have extra money to use in real life. Grin

Lol I think if you do not know where to invest bitcoin and how much you want to invest I think you just need to hold the course in your bitcoin wallet and wait for prices to rise. you have to have is patience I'm sure you will benefit from this investment? why do not you try it?

Yeah if one doesn't have knowledge of trading and investment then the best thing is to hold them for future, no doubt holding will not grow your coins but if price goes higher in future you can earn good profits from it.

Yes, for a newbie who are new to bitcoin I think holding a great way to do. Because if they have long known bitcoin, then later they will also know about trading. Due trading requires knowledge and experience about the market analysis. hehe

But it is also going to be a good thing if a newbie is going to know how to use his bitcoin for real life as a currency for sure he is going to be encourage if he ever manage to use it as a currency. And of course at the same time it is also better if he is going to hold some of the portion of his bitcoin so that he can have his own investment.

There is no complexity in using it as a currency, they can use it wherever they want, but as a newbie they might not be aware that which is the right place to invest their coins.

Yutikas_11920

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Quote from: goldcoinminer on August 21, 2016, 07:48:32 AM

I use bitcoin as both currency and investment, currency in the sense that I use it in my gambling hobbies to play and as normal gamblers lose most of the time but what really attracts me is my investment because I believe bitcoin will give me a good future if I will continue to invest more.

Amazing, I never notice that you get a good profit from the currency you mean. because gambling is just throwing away your money and also time you, you better use your money (BTC) for more useful things or things that can make you into someone or you could use all your money into investments rather than shared with gambling

goldcoinminer

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I use bitcoin as both currency and investment, currency in the sense that I use it in my gambling hobbies to play and as normal gamblers lose most of the time but what really attracts me is my investment because I believe bitcoin will give me a good future if I will continue to invest more.

Strongkored

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Quote from: eddyubachs on August 21, 2016, 07:05:51 AM

Quote from: diodio5 on August 21, 2016, 03:56:04 AM

Quote from: vindicare on August 20, 2016, 01:53:47 AM

for now I'm using it as an currency to buy some extras on the internet because I dont know where to invest it and I dont have any trading skills at this moment . hoping this year that I can use bitcoin as an investment so that I can have extra money to use in real life. Grin

Lol I think if you do not know where to invest bitcoin and how much you want to invest I think you just need to hold the course in your bitcoin wallet and wait for prices to rise. you have to have is patience I'm sure you will benefit from this investment? why do not you try it?

Yeah if one doesn't have knowledge of trading and investment then the best thing is to hold them for future, no doubt holding will not grow your coins but if price goes higher in future you can earn good profits from it.

Yes, for a newbie who are new to bitcoin I think holding a great way to do. Because if they have long known bitcoin, then later they will also know about trading. Due trading requires knowledge and experience about the market analysis. hehe

bryant.coleman

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To tell the truth, right now I am considering Bitcoin as a form of investment. It is protected against inflation, and therefore I don't have to worry about the returns. On the other hand, it is extremely difficult to use BTC as a form of currency, as I don't do much of online shopping. I hope that the situation will change in the future, but till then, I will not consider BTC as a form of currency.

Cereberus

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Bitcoin can be used as a currency mainly online by paying for digital goods which almost anyone here accept it as a form of payment but also can be used as an investment. If you feel that bitcoin is going to increase a lot in price then it is best for you to buy a hardware wallet and keep collecting your bitcoins there where there is no risk of hacks or stealing of your coins. If you feel that bitcoin is more a currency you can pay for digital goods with it and is some rare cases even for real goods. You can also try to gamble a bit or invest in a casino bankroll which is seen again as a form of investment.

Topic: Do you use bitcoin as currency or investment? - page 39. (Read 74627 times)