Do you use bitcoin as currency or investment? - page 50.

Strongkored

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Quote from: dezoel on August 10, 2016, 10:38:33 AM

Its better to save bitcoins for future rather then wasting it in gambling where there is full chance of loosing everything, its an worst place to invest your hard earned coins.

Totally agree with you, I think gambling is not an investment. Because gambling is just game, and there is no investment element there. You will get a profit if you bet and win without it you will not get anything. And if you lose then your money will be gone in a matter of seconds (DICE). IMO

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Quote from: funbarrel on August 10, 2016, 10:35:22 AM

Quote from: kulapo on August 09, 2016, 11:41:40 PM

both of them for now i am saving more bitcoins to invest some of it and some for gambling

gambling is the worst thing you can do with bitcoins, for me i only use bitcoins to have an investment, with it i can make some good money in the future

Its better to save bitcoins for future rather then wasting it in gambling where there is full chance of loosing everything, its an worst place to invest your hard earned coins.

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Quote from: kulapo on August 09, 2016, 11:41:40 PM

both of them for now i am saving more bitcoins to invest some of it and some for gambling

gambling is the worst thing you can do with bitcoins, for me i only use bitcoins to have an investment, with it i can make some good money in the future

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Less number of physical stores accept bitcoin directly as a currency. On this cause very few prefer to consider it as a currency for their daily needs. Due to the high potential it has got, most people consider it to be a best investment.

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Quote from: richkellj on August 10, 2016, 09:53:41 AM

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Quote from: batang_bitcoin on August 09, 2016, 10:30:57 PM

Quote from: Matt Guy on August 09, 2016, 10:11:00 PM

As currency when I use it for payments and an investment when I hold or trade for profits.

Me too, I'm using it as payment just like what I did today. I went to bank ATM and sold my bitcoins and I did used it for paying my internet bills and as well as buying a cake for my fathers birthday. BUt also I'm using both of it, using it for investment as well I'm just also holding my bitcoins and waiting for the possible price increase.

Yeah that's truly everyone wants . We using bitcoin for currency and investment.
While we invest and collecting bitcoin we can withdraw the little of mine to bank account for paying some needs in real life.

Yeah bitcoin really is good for using both as a currency and as an investment. The people must have mass adoption for the use of bitcoin. I know it is going to happen in the future because many are loving the convenience that it gives for the people who are using it. That's why I am just keep on collecting bitcoins.

Bitcoin can be used as currency when you use it to exchange it to local currency to buy daily goods, pay bills, etc. or you can even do some online shopping and also bitcoin is very good to use as an investment, the simplest is collecting bitcoin and just waiting for its price to rise to get more profits.

If you don't have an option to spend it then simply hold it for the future as that will help you in earning more profits in future by selling when price goes higher.

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Quote from: sulendra12 on August 09, 2016, 10:34:04 PM

Quote from: batang_bitcoin on August 09, 2016, 10:30:57 PM

Quote from: Matt Guy on August 09, 2016, 10:11:00 PM

As currency when I use it for payments and an investment when I hold or trade for profits.

Me too, I'm using it as payment just like what I did today. I went to bank ATM and sold my bitcoins and I did used it for paying my internet bills and as well as buying a cake for my fathers birthday. BUt also I'm using both of it, using it for investment as well I'm just also holding my bitcoins and waiting for the possible price increase.

Yeah that's truly everyone wants . We using bitcoin for currency and investment.
While we invest and collecting bitcoin we can withdraw the little of mine to bank account for paying some needs in real life.

Yeah bitcoin really is good for using both as a currency and as an investment. The people must have mass adoption for the use of bitcoin. I know it is going to happen in the future because many are loving the convenience that it gives for the people who are using it. That's why I am just keep on collecting bitcoins.

Bitcoin can be used as currency when you use it to exchange it to local currency to buy daily goods, pay bills, etc. or you can even do some online shopping and also bitcoin is very good to use as an investment, the simplest is collecting bitcoin and just waiting for its price to rise to get more profits.

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Quote from: relq on August 10, 2016, 03:41:52 AM

Yes i believe bitcoin, but i believe as both currency or investment. Because i'm using bitcoin for trading, buying and selling something. As investment i also invest my fiat into bitcoin.

Bitcoin itself is an best investment for the future, but you should also use it like a currency to buy something online as of now there are not many options to spend it offline.

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Yes i believe bitcoin, but i believe as both currency or investment. Because i'm using bitcoin for trading, buying and selling something. As investment i also invest my fiat into bitcoin.

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Quote from: MingLee on August 09, 2016, 11:48:56 PM

I personally use Bitcoin more as an investment rather than a currency,

It's same with me and especially in my region these rules are very applied in here because the limitation for bitcoin access in store and maybe not a lot of people is using bitcoin in my here, especially in my environment. but I'm waiting for the golden moment of bitcoin is coming.

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Quote from: sobsitesearch on August 10, 2016, 01:48:42 AM

I use bitcoin as currency by exchanging it into fiat because not all stores are accepting bitcoin as form of payment but i think soon bitcoin will be accepted and used by more people here in my country.

Even if you are selling it to fiat and using it is a good thing, most important factor is that bitcoin should be used as a currency either directly or indirectly.

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I use bitcoin as currency by exchanging it into fiat because not all stores are accepting bitcoin as form of payment but i think soon bitcoin will be accepted and used by more people here in my country.

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Quote from: Eidheen on August 09, 2016, 03:38:28 PM

It is both a very good currency and also a very good investment.

I think though bitcoin currency is nice but it does not mean bitcoin will be accepted everywhere as a payment option. because in fact you
can see now on the outside. very few stores that accept payment with bitcoin. and it would be troubling you if you use bitcoin as currency?

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Quote from: kulapo on August 09, 2016, 11:41:40 PM

both of them for now i am saving more bitcoins to invest some of it and some for gambling

A very pleasant way, because with so you can have a bitcoin on the future and the present. However I see that you are using in your bitcoin spent gambling, it is indeed the most enjoyable thing but you will get the impact of bad if you can't control yourself. Because I'm sure sure you purpose doing gambling because it wanted to benefit from it, well surely you will find ways in order to make your goals come true, after that you will encounter in which you will be tested (when getting a defeat or victory) If you can't control yourself then the wealth that you collect will disappear and leave the debt

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I personally use Bitcoin more as an investment rather than a currency, but I have used it in both forms in the past. I've bought things, I've exchanged Bitcoin for whatever, I've sent things to other people, it really is a thing with a lot of variety and the potential for a lot of things. I like it personally.

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both of them for now i am saving more bitcoins to invest some of it and some for gambling

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Quote from: sulendra12 on August 09, 2016, 10:34:04 PM

Quote from: batang_bitcoin on August 09, 2016, 10:30:57 PM

Quote from: Matt Guy on August 09, 2016, 10:11:00 PM

As currency when I use it for payments and an investment when I hold or trade for profits.

Me too, I'm using it as payment just like what I did today. I went to bank ATM and sold my bitcoins and I did used it for paying my internet bills and as well as buying a cake for my fathers birthday. BUt also I'm using both of it, using it for investment as well I'm just also holding my bitcoins and waiting for the possible price increase.

Yeah that's truly everyone wants . We using bitcoin for currency and investment.
While we invest and collecting bitcoin we can withdraw the little of mine to bank account for paying some needs in real life.

Yeah bitcoin really is good for using both as a currency and as an investment. The people must have mass adoption for the use of bitcoin. I know it is going to happen in the future because many are loving the convenience that it gives for the people who are using it. That's why I am just keep on collecting bitcoins.

Yeah it is really good to use bitcoin both as a currency and investment but most of the time I always use bitcoin as a currency it is really hard for me yo keep it on my wallet and hold it up to how many months or I really need extra cash to fill all my needs such as weekly budget allowance on school and some school projects , budget for meal etc . Maybe I can use it too as a investment not for this time but soon . Good thing because bitcoin really helps me and gives me an oppurtunity to earn extra .

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Quote from: batang_bitcoin on August 09, 2016, 10:30:57 PM

Quote from: Matt Guy on August 09, 2016, 10:11:00 PM

As currency when I use it for payments and an investment when I hold or trade for profits.

Me too, I'm using it as payment just like what I did today. I went to bank ATM and sold my bitcoins and I did used it for paying my internet bills and as well as buying a cake for my fathers birthday. BUt also I'm using both of it, using it for investment as well I'm just also holding my bitcoins and waiting for the possible price increase.

Yeah that's truly everyone wants . We using bitcoin for currency and investment.
While we invest and collecting bitcoin we can withdraw the little of mine to bank account for paying some needs in real life.

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Quote from: Matt Guy on August 09, 2016, 10:11:00 PM

As currency when I use it for payments and an investment when I hold or trade for profits.

Me too, I'm using it as payment just like what I did today. I went to bank ATM and sold my bitcoins and I did used it for paying my internet bills and as well as buying a cake for my fathers birthday. BUt also I'm using both of it, using it for investment as well I'm just also holding my bitcoins and waiting for the possible price increase.

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i use bitcoin as currency, i mostly use it for paying electricity bills or buying load using our local bitcoin wallet.

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Quote from: serjent05 on August 09, 2016, 11:34:50 AM

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We just need more patience to make things happen like having more online shops and merchants that accepts bitcoins as payment that would be available internationally, and locally of course so the shipment will not take too long and the shipping fee is lesser. So we have a choose to spend btc to the items we wanted.

Yes at a moment shipping costs are too high so its not affordable for majority of us to buy things online using bitcoin and there no physical shops too, so basically it has become an investment for us.

if there is no physical shop where you life, then see it as an opportunity to not only help bitcoin but also to open up such a shop and earn your money with it. double your profits so to speak.

If people around you are using bitcoin and are aware about it then only you can afford to start a shop, is no one is using it then there is no point of investing money in it.

i disagree.
demand creates supply but also supply can create demand. and with bitcoin there is a demand, people just do not know it jet. besides you can also sell stuff for fiat in your shop.
would you rather open a coffeehouse now , when there is a starbucks around every corner or would you prefer to do it 100 years ago and be the first to do it in your town.
if you are not talented in running a business then you would probably ruin even a starbucks, but if you have some skills then you will manage to create some demand for you supply.
it is not that hard in those days and even with bitcoin i think it is possible.

I agree, that in every kind of business there is always a pioneer. This reminds me a story of two representative of a slipper company where both are assigned to scout a rural area for possible outlet. So this two representative were sent out in different part of that area, Representative 1 reported that people are not used to wearing slipper in that area and discourage the company on putting it up there because he thinks that it will be just in vain. While Representative 2 were so excited reporting that he found a gold like opportunity in that same area because they will be the first one to teach those people to wear slipper which in return will give them millions of sales.

See the point there, anyway if you have the budget, and no one in your area know about bitcoin, why not introduce it and teach it to your possible client. Beinng pioneer is hard but it will always be well rewarded if you are successful.

haha I agree too. I do use the bitcoin for buying some stuff online Cheesy

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