investment mode of btc is best or currency mode???

Cosbycoin

hero member

Activity: 980

Merit: 506

Quote from: pubmongrelT on March 19, 2018, 12:22:49 AM

I am eagerly waiting for the day to happen so. Our society will reach a new height of modernisation by its aid

I think it is just a matter of time which will decide the things in a better way and that it will give us an opportunity of living a very much comfortable life as well.

For now, bitcoin is only being used as a mode of investing money and that its scope for being used as currency is not that much but with time, we will surely be able to use it not only as the best way of investing of money but also as a currency.

johnalyn

member

Activity: 314

Merit: 10

I use bitcoin as an investment asset to make money not make it a currency mode to buy things online and invest also in some coin that I know the future of growth in the future to make it double while working in one coin and in that way I can do much better amount of bitcoin earning than wotking in one coin for my future dream life.

hoaryal1

member

Activity: 139

Merit: 20

Its better to circulate both of them similarly but govt will never favour an opponent to its income LOL

Minnie1928

member

Activity: 140

Merit: 14

Quote from: antliafightingR on March 19, 2018, 06:51:41 PM

Cant we even think for the poor people out there? and those beggars? How can they get their life if btcs become the currencies?

Especially for that reason, the Bitcoin will never get accepted as a everyday currency. To become the currency it must be first adopted by the government. For the government to push it further to the legalization and proclamation as currency the must provide the necessary equipment for all the citizens in the specific country. Not all people have the internet, computers, smartphones for the paying with the Bitcoin.
That is the main problem with the digitalization!
FIAT will always exist and even if the Bitcoin is struggling to achieve the implementation for the Bitcoin investors it is more tempting to make some profit from the market fluctuations then the transfer of the Bitcoin and change to the currency as such.

micleeiu398

full member

Activity: 219

Merit: 101

Quote from: bagsladderg on March 18, 2018, 12:31:15 AM

its better as an assets only because nobody is going to accept btcs so easily over fiats that they has been seeing from birth

I will for this statement too. Absolutely the currencies that are continuously be used in that areas and people are used to of it, how can they welcome another currency that isn’t much popular in their country. Now a days, people have shown an immense response to use bitcoins as an asset where they are investing and earning money in return. Hundreds and thousands of people have been benefited through these enormous coins.

antliafightingR

newbie

Activity: 23

Merit: 0

Cant we even think for the poor people out there? and those beggars? How can they get their life if btcs become the currencies?

pubmongrelT

newbie

Activity: 64

Merit: 0

I am eagerly waiting for the day to happen so. Our society will reach a new height of modernisation by its aid

romanovst

member

Activity: 98

Merit: 13

Quote from: usam_coiner on November 19, 2017, 12:37:33 PM

A trend has been started that bitcoin is now used only for raising income by buying and selling it but we are ignoring its most important fact that it was created to be used as currency and if it can be used as the currency it would really help community to enjoy its eases and regions who are accepting btc must have to start it as currency this will automatically boost user no's as well a prices,

This is one of the biggest problems with bitcoins currently. I think even the developers did not wanted bitcoins to be seen as an investment medium when they launched it. However, as the prices started going up, everyone became greedy for money and forget about the real use of bitcoins. When we have price stabilize completely, people will start using it for buying/selling more often. Current situation is like everyone wants to get paid in bitcoins but no buyer want to pay in bitcoins as they think that the value of accumulated coins will increase.

kimochidesh

sr. member

Activity: 518

Merit: 257

Quote from: usam_coiner on November 19, 2017, 12:37:33 PM

A trend has been started that bitcoin is now used only for raising income by buying and selling it but we are ignoring its most important fact that it was created to be used as currency and if it can be used as the currency it would really help community to enjoy its eases and regions who are accepting btc must have to start it as currency this will automatically boost user no's as well a prices,

Rightly said...the main motive of Bitcoin was to get independent and transparent payment mode. Satoshi might never imagine Bitcoin is being an instrument of trading forgetting its original motive of BTC.

jaydoes6

newbie

Activity: 24

Merit: 0

Do you think it can be used as currency? Is it really worth that reliability and faith? I dont think so -_-

bagsladderg

newbie

Activity: 57

Merit: 0

its better as an assets only because nobody is going to accept btcs so easily over fiats that they has been seeing from birth

Alalex

member

Activity: 280

Merit: 12

Loading

The best investment is investing with cripto money, because more profits are gained than investing with foreign currency. In addition, the price of cripto money is much larger than paper money.
Previously I tried to invest with forex money I get five times from my deposit for 2 months.
So because I just put a little deposit, and the result I get is also a bit in foreign currency.
If only I put a deposit in the eyes of cripto money would be the advantage that I get more than to put a deposit in foreign currency.
So I better invest with cripto money because so many benefits that I get.

Tapyaks72

member

Activity: 490

Merit: 28

Quote from: Argie021213 on March 01, 2018, 03:55:22 AM

It depends on how a country will accept bitcoins. Because they are also using their existing currencies, but there's not much difference in it, both are useful in their own ways, they also have their own limitations,bitcoins are essential whether it is used in the form of investment or currency.

As we all know bitcoins can be used both it either as bitcoin investment or a currencies and if you want investment it is more than any money in the world how fast it grows can you imagine if you just hold for several years how much you earn. And if you also use it for currency for as we know it has been no boundaries you can use it every where around the globe economically.

Argie021213

newbie

Activity: 48

Merit: 0

It depends on how a country will accept bitcoins. Because they are also using their existing currencies, but there's not much difference in it, both are useful in their own ways, they also have their own limitations,bitcoins are essential whether it is used in the form of investment or currency.

aeternus

sr. member

Activity: 686

Merit: 250

Quote from: CuriousGeorge on November 28, 2017, 01:32:02 AM

Quote from: Kronos21 on November 23, 2017, 02:00:07 PM

Quote from: aeternus on November 23, 2017, 01:24:34 PM

Quote from: cellard on November 19, 2017, 12:49:48 PM

Quote from: usam_coiner on November 19, 2017, 12:37:33 PM

A trend has been started that bitcoin is now used only for raising income by buying and selling it but we are ignoring its most important fact that it was created to be used as currency and if it can be used as the currency it would really help community to enjoy its eases and regions who are accepting btc must have to start it as currency this will automatically boost user no's as well a prices,

The price of something goes up if it's desired, and has a certain set of properties that make it a good long term holding.

Bitcoin first needs to be a store of value, a currency is the next step after that, and thus far we are still in the store of value process. We need to defeat gold as store of value. Daily usage of BTC will come with lightning networks. We don't need to do anything other than keep developing the technology and people will freely choose to use it as a currency, until then it's just digital gold.

People are not going to do something that goes against their interests, people do not use bitcoin right now because they do not find it practical, but when bitcoin finally becomes what we know it can become a fast way to make payments all around the world, people are going to use it instead of fiat.

In order for bitcoin to have received such quality as you say should totally change the conditions for its use. Now bitcoin is used for accumulation and indirectly supports Fiat. Because in order to make purchases, we are forced to change their coins for Fiat. All purchases we make for Fiat. This means that we will never give up Fiat.

That's the problem, people just use bitcoin to convert it to fiat, the payment method with bitcoin is not practical and rather expensive really different compared to the past when the blockchain still not this crowded.
we can conclude that bitcoin will can't beat fiat as a function to be a payment method until atleast bitcoin becoming more practical to be used.

Not only changing our bitcoin to fiat is adding an unnecessary step but it is also adding additional fees that is why bitcoin needs to be used directly, this is why what it is happening in Japan is really important, in Japan there are many business accepting bitcoin already and once the lightning network is in place the number of business accepting bitcoin is going to go up and for those that want to use their bitcoin directly Japan is going to become a place where we can live our lives using bitcoin directly.

mriansa

full member

Activity: 560

Merit: 105

Quote from: usam_coiner on November 19, 2017, 12:37:33 PM

A trend has been started that bitcoin is now used only for raising income by buying and selling it but we are ignoring its most important fact that it was created to be used as currency and if it can be used as the currency it would really help community to enjoy its eases and regions who are accepting btc must have to start it as currency this will automatically boost user no's as well a prices,

if you play with a lot of money you can invest at least 1 BTC and you wait for 2 years to come then you will get a lot of bitcoin from your investment advantage.

Bakukang

full member

Activity: 151

Merit: 100

PITCH – THE FUTURE OF OPPORTUNITY

It is both needed for transactions and also for investment.Then why is it an issue for now if you use it for currency or for transaction to pay and alsi to invest on some projects.For me there is no difference between the two.

katrimans

hero member

Activity: 882

Merit: 500

Quote from: cryptocrusher on November 23, 2017, 01:41:37 PM

Quote from: usam_coiner on November 19, 2017, 12:37:33 PM

A trend has been started that bitcoin is now used only for raising income by buying and selling it but we are ignoring its most important fact that it was created to be used as currency and if it can be used as the currency it would really help community to enjoy its eases and regions who are accepting btc must have to start it as currency this will automatically boost user no's as well a prices,

I do not see why it needs to necessarily be a choice, bitcoin can be used for transactions and it can also be used as an asset which people hold. Of course any increase in adoption will increase price.

Even the holding is playing some roles too. The fact that bitcoin is useful and we get to see very little in circulation makes the demand to be high and then the value to increase. More like, please I need what you are holding and I am willing to pay this for it.

Over time, when people find ways to start using it easily, a lot would change and we will start seeing people spending. So many people are getting paid now in bitcoin and they just have to spend at some point no matter how little.

lilmansbride

newbie

Activity: 35

Merit: 0

With the current high price, investment mode of btc isn't the best , other currency will give you more profit than Bitcoin can.

Maddinson100

full member

Activity: 363

Merit: 101

Quote from: aeternus on November 23, 2017, 01:24:34 PM

Quote from: cellard on November 19, 2017, 12:49:48 PM

Quote from: usam_coiner on November 19, 2017, 12:37:33 PM

A trend has been started that bitcoin is now used only for raising income by buying and selling it but we are ignoring its most important fact that it was created to be used as currency and if it can be used as the currency it would really help community to enjoy its eases and regions who are accepting btc must have to start it as currency this will automatically boost user no's as well a prices,

The price of something goes up if it's desired, and has a certain set of properties that make it a good long term holding.

Bitcoin first needs to be a store of value, a currency is the next step after that, and thus far we are still in the store of value process. We need to defeat gold as store of value. Daily usage of BTC will come with lightning networks. We don't need to do anything other than keep developing the technology and people will freely choose to use it as a currency, until then it's just digital gold.

People are not going to do something that goes against their interests, people do not use bitcoin right now because they do not find it practical, but when bitcoin finally becomes what we know it can become a fast way to make payments all around the world, people are going to use it instead of fiat.

Yea, it is easy to say everyone should spend now, but the fact is that in reality, you can even hardly spend without converting to fiat first which is still spending as far as I know. Therefore, since we are seeing a lot of activities going on in most of the trading platforms, I consider it as exchange from hand to hand which is still spending but a different way. Until we start seeing more merchants accepting and real life usage becomes easy, before we start seeing people spending.

Topic: investment mode of btc is best or currency mode??? (Read 1068 times)