investment mode of btc is best or currency mode??? - page 3.

zhekinsp

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Quote from: usam_coiner on November 19, 2017, 11:37:33 AM

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,

As you said bitcoin is created to used as a currency but if we hold our bitcoins now the it will give huge profits in the future so no one want to spend the bitcoins now.I fyou want to spend bitcoin now you can spend it bro.
But spending bitcoin is not possible everywhre nowadays because bitcoin payment mode available only small places so it takes time to spend bitcoins as a bitcoin.

jagdeepjd

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Quote from: usam_coiner on November 19, 2017, 11:37:33 AM

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,

Bitcoin was certainly made to be used a currency and maybe in future, it would be used as a currency. but at the moment it is mostly used for raising income or investing tool.
for bitcoin to be used as a currency we have to go a long way and solve the scalability issues which bitcoin has currently and global adoption is of course required. In the coming years when we solve this issues by bringing lightning network etc we might see bitcoin being accepted as a regular payment means.

bixbem90

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With me bitcoin like a both assest and a crypto currency. So the increasing of bitcoin make me willing because i still hold it. When i need money, of course i will sell amount for take USD( My country not accept bitcoin as a payment for buying daily items). So investment mode of btc like gold, if you look like BTC as an assest.

dmamigo

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For me both are best as both helped me. They are great as an asset and a currency or transaction medium, as it provided great return as an asset/investment does and also I found it easy to transact and send money or buy something. But the usage varies from person to person, so its baseless to compare.
I have friends who uses Bitcoin only for his business transaction, he has opened a option to accept Bitcoin.

Kronos21

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Quote from: aeternus on November 23, 2017, 12:24:34 PM

Quote from: cellard on November 19, 2017, 11:49:48 AM

Quote from: usam_coiner on November 19, 2017, 11:37:33 AM

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.

Fretcy

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Bitcoin is a good investment as well as the best mode of payment throughout the world, it helps to keep a bridge of payment between different countries worldwide without borders, from the bitcoin history it is clear that the early investors has helped them to be millionaires of the time. If you see as a investment it will help to attain good profits in the long run as there are high potential for bitcoin network to increase its value to more than thousand times more or two thousand times more than the current value which has surpassed $8200 as of today. Since its inception the bitcoin technology has increased the value with low dips for some time like in normal stocks and share market and huge leap where the prices shoots up to the sky. I do see this invention as a good investment and as a good digital currency which can be used worldwide.

cryptocrusher

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Quote from: usam_coiner on November 19, 2017, 11:37:33 AM

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.

aeternus

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Quote from: cellard on November 19, 2017, 11:49:48 AM

Quote from: usam_coiner on November 19, 2017, 11:37:33 AM

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.

aoihs00

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Quote from: usam_coiner on November 19, 2017, 11:37:33 AM

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,

It is true that the principle behind the creation of bitcoin was to make it as easy currency to transfer the funds form one point to another or in simple words easiest peer to peer transaction experience. But with the time people took it completely in wind way and starts making the investment instead of transactions and thus the bitcoin got the status of greatest asset ever and it also broke all the record in very short period of time. So I'm pretty sure that now bitcoin will used as an asset only and there is no coming back from it because man just look at the number of investors here and they all just waiting for the rich status to obtain by suing bitcoin itself. :-)

I think its not our fault because bitcoin itself got so much powerful that we had no option but to adopt it in that way. But let see we still have scope of the bitcoin in future as financial institutes from real world still have nit got any interest in it but they will surely.

ritsel02

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As for now I considered bitcoin as an investment mode.We cannot hide the fact that lot of investors have faith on investing bitcoin because of its potential and strong value.
I myself is investing and holding it for a long term though there are times that I also used it as a currency when it comes to emergency matters.

Rinder

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At this point for sure bitcoin investment is the best, atleast we do have soo far around 700% profit if you had invested into January and bought bitcoin into those period and holded. Fiat atleas in the general hasnt made any significant increase into its value, besides the normal up and down between currencies. All people had invested into bitcoin due to two reasons, one its decentralized, can be used as store of value and other due to its big potencial to make money. There some altcoins wich will be more easy to integrate and spread away then bitcoin, since they are faster, cheaper and more people friendly, bitcoin will became a store of value.

Ararbermas

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Quote from: dulce dd121990 on November 22, 2017, 07:46:33 AM

I do prefer the btc mode of investment. Because now a days, bitcoin is the best way to invest. It has a big chance of a great investment that makes our money doubled or even tripled.

thats true mate this currency is legit it can make us profitble because of its volatility. I refer also to invest in bitcoin instead of fiat invesment cause fiat is to slow for earnings not the same with bitcoin which is it give us a lot of profit time on time and give us a chance to bid a cheap price and sell in a high price that is the common reason why bitcoin is the best for investing.

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Quote from: usam_coiner on November 19, 2017, 11:37:33 AM

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,

It's not being ignored. It's just that we can see majority using bitcoin as an investment but at least even at small percentage, bitcoin was being used as a currency. Merchants who accepts bitcoin will not considered accepting bitcoin as payment if there is no such thing as bitcoin isn't used as a currency.

You just have to let it progress on it's own. Didn't you know that while bitcoin price is increasing, it's not always that people will hold their coin. At some point, because the price is high, they take advantage of it by buying goods on which they will only spend small fraction of bitcoin.

dulce dd121990

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I do prefer the btc mode of investment. Because now a days, bitcoin is the best way to invest. It has a big chance of a great investment that makes our money doubled or even tripled.

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Quote from: lvincent on November 22, 2017, 07:15:41 AM

I think the fact that only few stores are accepting bitcoin that's why some people are not seeing it as a currency there's not even a single local business near my place that's accepting bitcoin and the thing that bitcoin being a asset i mean it is great and we can't blame the investor cause we all see the potential of bitcoin and look at it now really developed and still increasing it's price so for now i' just holding my bitcoin too as an asset since almost i cannot buy anything in bitcoin if i don't convert it to fiat so it's better this way.

In terms of currency bitcoin is still not yet accepted by many users but some of the developed countries are providing bitcoin as a mode of payment,if you can't spent bitcoins directly now don't worry soon in all places bitcoin will be accepted as mode of payments.
But the best mode of bitcoin is the investment mode because your investment growth rate is very high and give huge profits in short time according to other investments like gold or stock.

bajigur894784

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yes, bitcoin is the best investment mode, because cryptocurrency is considered a "safe haven asset".

So ... users already consider Bitcoin a means of investing the gold equivalent.

when called a currency yes of course .. because bitcoin not only as a means of investment, has many physical businesses and companies, restaurants and online services that use Bitcoin as a means of payment.

lvincent

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I think the fact that only few stores are accepting bitcoin that's why some people are not seeing it as a currency there's not even a single local business near my place that's accepting bitcoin and the thing that bitcoin being a asset i mean it is great and we can't blame the investor cause we all see the potential of bitcoin and look at it now really developed and still increasing it's price so for now i' just holding my bitcoin too as an asset since almost i cannot buy anything in bitcoin if i don't convert it to fiat so it's better this way.

ricardobs

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Quote from: fiulpro on November 21, 2017, 02:34:07 AM

It wasn't made to be used as a currency is what I think.. if that was the case then for sure developers would have made it centralized and thats.. Everyone knows it isn't..also!!!
I think its made to target stock market not the currency one...we already do have a lots of currencies in..the world and I don't think we do need anymore..it was created to revolutionize the idea of cryptocurrency market.. to get people out of paper money and to.. do investment in something other than gold or stocks...
Also.. its not fixed and centralized and they are perquisites of being labelled as a currency.

Of course it wasn’t made to be a real currency, that’s why it is called a virtual currency. So I don’t see any reason you should be regarding as a Currency, it is a digital-asset meant particularly for investment and should also be regarded as such. Well, you can also use it as a currency, but it has a limit, cause same thing applies Gold which can also be used to buy something if you see someone that accepts it. I saw someone say that it is best to use Bitcoin just because it is not legal, only a criminal will say such a thing, because from what I know, criminals likes to deal on illegal things and not legal ones. They are the same people that will also tell you that bitcoin should take real currencies, because they want an opportunity to stay anonymous while they carry out their evil plans, and they are also the same people that will complain when legit companies ask for their ID.

evilgreed

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Quote from: merchantofzeny on November 21, 2017, 01:08:41 PM

Quote from: MiF on November 20, 2017, 03:16:24 PM

Quote from: merchantofzeny on November 20, 2017, 02:54:11 PM

Quote from: cellard on November 19, 2017, 11:49:48 AM

Quote from: usam_coiner on November 19, 2017, 11:37:33 AM

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.

This is how I tend to use it. I only convert to fiat what I needed to use and try to keep the rest for holding. I still find it a bit silly to use it to buy stuff considering how the price can still rise. Maybe that would change once we've defeated gold and fiat, or at least bitcoin comes to their level of use. I mean, how many people here get their salary in bitcoins?

That's true and it's really applicable to me right now mate, the proof is their already so for me it's the best currency ever. I am not converting that bitcoin just for what I need, but also for my personal expenses like entertainment and other miscellaneous budgets. Although of it's volatility it doesn't mean we will have to panic, we can still spend and don't worry of possible crash because fluctuations will normally happen specially bitcoin now become more popular.

Well good for you, I barely spend any (quite ironic for my username). Grin

The thing is, I don't mine any crypto so every bit I earn I really have to work for. I managed to snag some campaigns here before, that's how I started learning how to use bitcoins anyway. I no longer participate in any now though. They are far in between because of the high price and obviously we seem to get millions of newbies everyday here, ahaha. Grin

I'm currently looking into getting to learn skills so I can freelance and earn more. For now, my money is staying in the wallet.

Isn't it a already a bit crowded when we got millions of newbies every day? Well setting that aside i am also positive bitcoin will be good in a long run, although several updates and technical changes have been made in order for it to be used smoothly, nothing has change to what bitcoin really is, and it doesn't fit for me usng bitcoin as a day to day currency although its made to be used as one, but i choose to hold mine inside my wallet.

merchantofzeny

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Quote from: MiF on November 20, 2017, 03:16:24 PM

Quote from: merchantofzeny on November 20, 2017, 02:54:11 PM

Quote from: cellard on November 19, 2017, 11:49:48 AM

Quote from: usam_coiner on November 19, 2017, 11:37:33 AM

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.

This is how I tend to use it. I only convert to fiat what I needed to use and try to keep the rest for holding. I still find it a bit silly to use it to buy stuff considering how the price can still rise. Maybe that would change once we've defeated gold and fiat, or at least bitcoin comes to their level of use. I mean, how many people here get their salary in bitcoins?

That's true and it's really applicable to me right now mate, the proof is their already so for me it's the best currency ever. I am not converting that bitcoin just for what I need, but also for my personal expenses like entertainment and other miscellaneous budgets. Although of it's volatility it doesn't mean we will have to panic, we can still spend and don't worry of possible crash because fluctuations will normally happen specially bitcoin now become more popular.

Well good for you, I barely spend any (quite ironic for my username). Grin

The thing is, I don't mine any crypto so every bit I earn I really have to work for. I managed to snag some campaigns here before, that's how I started learning how to use bitcoins anyway. I no longer participate in any now though. They are far in between because of the high price and obviously we seem to get millions of newbies everyday here, ahaha. Grin

I'm currently looking into getting to learn skills so I can freelance and earn more. For now, my money is staying in the wallet.

Topic: investment mode of btc is best or currency mode??? - page 3. (Read 1086 times)