If not a "store of value" or "medium of exchange" ...

Wind_FURY

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Quote from: hv_ on October 14, 2019, 07:19:23 AM

Quote from: Wind_FURY on October 14, 2019, 07:15:34 AM

Some trolls spreading propaganda made from the bitcoin.com website, owned by Bitcoin Cash leader, Roger Ver.

Saving and spending are inseparable. You save now, to spend later.

same pattern all over, if you cannot dispute with arguments - simply call other trolls

happy days

What dispute? That "a money" is a store of value, before it's a medium of exchange? That saving, and spending also inseparable?

yulionoo

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bitcoin was created in 2008 when the world was experiencing a monetary crisis. and in my opinion the purpose of the creation of bitcoin is to overcome this economic crisis. but over time bitcoin has rapidly developed into an investment tool, a store of value and can also be used for payment tools. but not all countries allow payment instruments.

Edraket31

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Quote from: CLS63 on October 14, 2019, 02:20:22 PM

Quote from: thirdprize on September 25, 2019, 05:16:18 AM

then what is bitcoin? A solution in search of a problem?

Bitcoin is the combination of them. It is a store of value. People invest in Bitcoin like they invest in e.g. gold. People use it as a medium of exchange. So, I think we don't need to search for just one meaning that explains Bitcoin thoroughly.

Yes, but for some people it there opportunity to invest at, they are using Bitcoin as a way to earn passive income especially those who are earning for short term. But, the true role and vision of crypto is to change the banking system and to make transactions faster and easier, without any hustle going to bank always.

CLS63

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Quote from: thirdprize on September 25, 2019, 05:16:18 AM

then what is bitcoin? A solution in search of a problem?

Bitcoin is the combination of them. It is a store of value. People invest in Bitcoin like they invest in e.g. gold. People use it as a medium of exchange. So, I think we don't need to search for just one meaning that explains Bitcoin thoroughly.

hv_

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Quote from: Wind_FURY on October 14, 2019, 07:15:34 AM

Some trolls spreading propaganda made from the bitcoin.com website, owned by Bitcoin Cash leader, Roger Ver.

Saving and spending are inseparable. You save now, to spend later.

same pattern all over, if you cannot dispute with arguments - simply call other trolls

happy days

Wind_FURY

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Some trolls spreading propaganda made from the bitcoin.com website, owned by Bitcoin Cash leader, Roger Ver.

Saving and spending are inseparable. You save now, to spend later.

bounceback

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besides that bitcoin is also often called basically bitcoin is a virtual currency in the internet world for online transactions that do not facilitate shipping and do not use bank services, and bitcoin uses a peer to peer (P2P) system with such a system that it transacts easily and safely for other countries bitcoin users.

pixie85

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Quote from: alexsandria on October 12, 2019, 04:41:31 PM

I think it could be both, or it could be even none of those, depending on the person. You can treat it as a store of value, a medium of exchange, or both, or neither of the two because you treat it as a speculative investment. And that's the beauty of it. No one decides who will it be. It depends on the person.

I don't get why it could not be. I'm waiting for some evidence to support the claim that Bitcoin isn't a good store of value. The only way you can lose on Bitcoin is when you buy on top of one of the bubbles and then sell when it falls. If you buy and forget or buy and wait knowing it will bounce back you will make money.

Most stores of value don't gain value as fast as bitcoin. They hold it which is still better than fiat which loses it.

alexsandria

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I think it could be both, or it could be even none of those, depending on the person. You can treat it as a store of value, a medium of exchange, or both, or neither of the two because you treat it as a speculative investment. And that's the beauty of it. No one decides who will it be. It depends on the person.

Ailmand

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I think it vaires on the user, some people are investing their money in bitcoin to be used as an investment tool and profit. The numbers who are using bitcoin as an investment tool is high since most people are not an expert in technology. Some invest in crypto for convenience, thus using them as a medium of exchange, and some are interested on it because of technology. So, I guess it can be any of it depending on the user.

cutesgirl

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You can added list of payment can be use with bitcoin or altcoin, your store will be many costumer every day because they want to try how easy and funny payment using bitcoin or altcoin, talking about value accepted bitcoin can make you get much profit if you can control your bitcoin assets when have to sell and when have for holding.

NavI_027

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Quote from: Astvile on October 12, 2019, 04:31:37 AM

Bitcoin is made to be a currency said by the team who developed it but users have found different uses of bitcoin, from a store of value, investment, ways to earn thousands in just a day and more. Bitcoin really is flexible and have a general-purpose in our life, we just need to utilize one at a time depending on our needs.

But whether you deny it or not, seeing bitcoin or any cryptocurrency as a form of investment never gone in your list Grin

. Let's be honest, most of us (and I'm not hypocrite to deny it) see it as an opportunity where you can earn money. Anonymity? Fast? That is not the most liked attribute of btc but the double V — Value and Volatility. If we able to attain a mass adoption then maybe that's the right time where we can more obviously feel the other features which btc can offer

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Kyraishi

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Quote from: figmentofmyass on October 04, 2019, 02:53:52 AM

Quote from: Wind_FURY on October 04, 2019, 02:35:14 AM

Quote from: hv_ on October 03, 2019, 06:31:11 AM

I m here ONLY for that real Bitcoin.

If it is clean and simple as a Singularity must be, its use and value is infinite.

Learn

Hahaha. From you?

Learn, and research what? That Bitcoin Cash SV is the "real Bitcoin"? That Craig Wright is Satoshi Nakamoto?

if you had done your research you'd know that craig wright has handwritten, coffee stained originals of the whitepaper. rusty staples and all. this irrefutable evidence will be coming out in court! Tongue

Can't wait to see the Bitcoin whitepaper draft written in a couple coffee stained pieces of paper from 10 years ago. What a joke, Craig Wright is just scrambling to delay the inevitable now and it's getting sad to watch.

As for this thread, it's answered its own question - it was created to decentralize our money and make sure people are able to use money without the government's prying eyes.

Astvile

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Quote from: thirdprize on September 25, 2019, 05:16:18 AM

then what is bitcoin? A solution in search of a problem?

Bitcoin is made to be a currency said by the team who developed it but users have found different uses of bitcoin, from a store of value, investment, ways to earn thousands in just a day and more. Bitcoin really is flexible and have a general-purpose in our life, we just need to utilize one at a time depending on our needs.

Wind_FURY

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Quote from: reality18 on October 04, 2019, 06:02:24 AM

Quote from: thirdprize on September 25, 2019, 05:16:18 AM

then what is bitcoin? A solution in search of a problem?

Bitcoin is dynamic and based on the user’s needs will determine the function or definition of Bitcoin. Bitcoin can be considered as an investment hence an individual may purchase BTC, hold patiently for some period of time for the price to rise and sell to make profit. In the view of this, Bitcoin is considered as a store of value. Others may consider it as a medium of exchange when the individual use BTC to purchase goods and services online. Shops that accept Bitcoin as payment include overstock.com and newsegg.

I believe you are separating the inseparable. You can save Bitcoin, and you can spend Bitcoin. It's the same as any other forms of "money", we save it now, so we can spend it later.

reality18

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Quote from: thirdprize on September 25, 2019, 05:16:18 AM

then what is bitcoin? A solution in search of a problem?

Bitcoin is dynamic and based on the user’s needs will determine the function or definition of Bitcoin. Bitcoin can be considered as an investment hence an individual may purchase BTC, hold patiently for some period of time for the price to rise and sell to make profit. In the view of this, Bitcoin is considered as a store of value. Others may consider it as a medium of exchange when the individual use BTC to purchase goods and services online. Shops that accept Bitcoin as payment include overstock.com and newsegg.

ice098

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Bitcoin is an asset that can also be compared to our currency, the only differences of it are the value of of the coin, it has a huge value than the currencies in the market as well as the other coins in the trading market, it is also a virtual currency it doesn't have a paper wallet but still it has a great value . it is a better investment too, but for me, a kind of long term investment since each year the value of it differs.

Darooghe

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We have to be very careful to suggest bitcoin as an investment instrument. Bitcoin as an investment instrument is damaging Bitcoin as a payment method. If it is never anything other than an investment in the eyes of the majority of the world, then in my opinion, it's failed, regardless of the USD value. it's a kind of money. payment systems require money and money is useless if it has zero payment systems. Money is "the communication of value". A currency is the medium by which value is communicated. It's senseless to have more than one currency in the long term. The reasons we do currently are many and varied, but it is inevitable that this will eventually be seen as a relic of the past.

Wind_FURY

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Quote from: figmentofmyass on October 04, 2019, 02:53:52 AM

Quote from: Wind_FURY on October 04, 2019, 02:35:14 AM

Quote from: hv_ on October 03, 2019, 06:31:11 AM

I m here ONLY for that real Bitcoin.

If it is clean and simple as a Singularity must be, its use and value is infinite.

Learn

Hahaha. From you?

Learn, and research what? That Bitcoin Cash SV is the "real Bitcoin"? That Craig Wright is Satoshi Nakamoto?

if you had done your research you'd know that craig wright has handwritten, coffee stained originals of the whitepaper. rusty staples and all. this irrefutable evidence will be coming out in court! Tongue

Hahaha! The desperation of those trolls.

The design-decision taken by Bitcoin Cash SV alone is evidence that Craig Wright is acting a Borat-like, reality-TV character to troll the community.

Weather data on the blockchain. Cool

Xxmodded

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Quote from: migws on September 25, 2019, 05:23:24 AM

Quote from: thirdprize on September 25, 2019, 05:16:18 AM

then what is bitcoin? A solution in search of a problem?

At first, Bitcoin was a way of confronting a centralized economy; now it is a way of earning thousands of traders and investors. Bitcoin is losing value as people forget the true purpose of the coin

Many people have own opinion about what is bitcoin, but for me bitcoin is the way how to increase money more by investing or trading, I don't mind bitcoin become legal or not at the future or bitcoin become most interested payment by many investor, look ahead with bitcoin could get chance for profit is enough for me.

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