Topic: investment mode of btc is best or currency mode??? - page 4. (Read 1080 times)
I think even for now or even for future its the best that bitcoins be used for investment purposes because bitcoins are decentralized and not stable thus they arr not following the prerequisite of being a currency also they are illegal in some countries thus it would prevent that sector of population and indulging in other business activity pertaining to currency like bitcoin. Also it was invented for the sake of providing a digital platform for investment basis and it's evident from the fact that the inventor made it decentralized.
People are mainly using bitcoin as an investment than currency because it's still in it's early stages if all bitcoins will be mined and countries around the world start legalizing it then we can see the price of it much higher than now. It will be difficult to use bitcoin as currency because of transaction fees but it will be solved sooner or later.
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,
Using bitcoin is better in my opinion since bitcoin is nit yet legal to most of the countries. It is a good source of income since the profit is huge. Its market value is continuously increasing and getting more exoensive which gives its users profit. And if they would want to use it as a currency they may use a small amount of their investment .
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.
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.
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 wouldn't call it a trend, but rather a phase where Bitcoin's secondary function, as a store of value is retaining its purchasing power into the future for its primary function, as a medium of exchange.
Mainstream Bitcoin adoption wouldn't happen without merchants. Solutions like LN would speed up this process, but ultimately a transition from a community of hodlers into a dominant Bitcoin economy would depend on coming up with applications/startups that would not only motivate non-bitcoin users, but also hodlers to buy and spend Bitcoin and merchants to easily integrate Bitcoin as a payment option. A big Bitcoin marketplace, POS apps, incentivizing/rewarding use of Bitcoin.
Not about which one is best, Bitcoin's utility as a decentralized medium of exchange and its scarcity, store of value both are equally important in determining the long-term potential of Bitcoin.
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 cannot be currency due to low supply which is good for investment, if it got declared as currency then think who are going to make it currency how will they control it. So it is very good investment optionIt's a currency that can't be controlled or we wouldn't allow it to be controlled that's why it is decentralized and i don't think its in little supply if we consider spending them in bits of satoshis as opposed to spending them in whole BTC's
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,
Right now bitcoin is used mostly as an investment, while bitcoin was created to be a currency we cannot make people use bitcoin as we want, that is the whole point of bitcoin to have a currency that you own completely and can use as you fell like it, so if people want to use it as an investment let them.Yes, most people make use of bitcoin seeing it only as a means of investment but then that doesn't change the fact bitcoin can is also a currency that should be used for day to day tramsactions. Though, majority use bitcoins for investment, there are still a few who use it as a currency.
But on careful examination, we realize that the service of bitcoins both as a currency and as a means of investment is one the advantages of bitcoin
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 cannot be currency due to low supply which is good for investment, if it got declared as currency then think who are going to make it currency how will they control it. So it is very good investment option 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 think investment mode or using bitcoin as an investment is better. Investing into it will give you Bitcoin and huge profit. So a user will be an investor at the same time. Since a user will have a Bitcoin as an investment, he/she will also be able to use it as a currency than just using it only as a currency that won't lead to huge profit. Keep in mind that it was made for the easiness in every transaction all over the world but do not forget in business related with money, there will always be buyers and sellers who wants to make profits and you can't do thing about it. So go with the flow and enjoy your stay here, learn from your experience and if possible earn too.
yeah you are absolutely right but the main function of bitcoin was to use it as alternate of flat currency so people are mostly relying on its investment mode my point is if we use it in place of flat that will help alot to the people and it will help bitcoin to gain more popularity as well as acceptance level as amazon did best an now more stores will accept bitcoin also.
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.
Keep in mind that it was made for the easiness in every transaction all over the world but do not forget in business related with money, there will always be buyers and sellers who wants to make profits and you can't do thing about it. So go with the flow and enjoy your stay here, learn from your experience and if possible earn too.
yeah you are absolutely right but the main function of bitcoin was to use it as alternate of flat currency so people are mostly relying on its investment mode my point is if we use it in place of flat that will help alot to the people and it will help bitcoin to gain more popularity as well as acceptance level as amazon did best an now more stores will accept bitcoin also.
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?
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,
Before btc reach the state of being a currency mode, the community must respond to the problem of it particularly to the scalability and micro transactions, deny it or not it is unproductive to send a cents of dollar to someone that needs to pay a transaction fee of 2 dollars right? you may think the solution is to set the fee to 1 sat, well expect the confirmations for a week or two. Being in the state of currency mode means convince over small transaction. without a prior upgrades to the network like the Lightning Network(which is under development) that is quite not possible. 
Keep in mind that it was made for the easiness in every transaction all over the world but do not forget in business related with money, there will always be buyers and sellers who wants to make profits and you can't do thing about it. So go with the flow and enjoy your stay here, learn from your experience and if possible earn too.
Going with the flow is the important thing because for what it used to meant may not be the case in future. And if you are still stuck with that than you are only losing out the opportunity to earn and invest in such profitable returns which you can get in short span of time.
Keep in mind that it was made for the easiness in every transaction all over the world but do not forget in business related with money, there will always be buyers and sellers who wants to make profits and you can't do thing about it. So go with the flow and enjoy your stay here, learn from your experience and if possible earn too.
yeah you are absolutely right but the main function of bitcoin was to use it as alternate of flat currency so people are mostly relying on its investment mode my point is if we use it in place of flat that will help alot to the people and it will help bitcoin to gain more popularity as well as acceptance level as amazon did best an now more stores will accept bitcoin also. 
Keep in mind that it was made for the easiness in every transaction all over the world but do not forget in business related with money, there will always be buyers and sellers who wants to make profits and you can't do thing about it. So go with the flow and enjoy your stay here, learn from your experience and if possible earn too.
Currency mode is best for users because as the value increases the spending power increases. You can buy more with less Bitcoin each and every day (or on average).
BUT, the catch 22 or double edge sword impact is that if the value keeps going up I (or anyone else) is incentivized to hold their Bitcoin, because...tomorrow it will be worth more than to day.
So the very nature of Bitcoin's success will lead it more and more to becoming an investment asset, and not a currency.
BUT, the catch 22 or double edge sword impact is that if the value keeps going up I (or anyone else) is incentivized to hold their Bitcoin, because...tomorrow it will be worth more than to day.
So the very nature of Bitcoin's success will lead it more and more to becoming an investment asset, and not a currency.
"Investment mode" of btc is in my opinion very unlikely case for us. Mainly because everyone here want to use bitcoin as a payment medium but in the same time we want to have a golden investment... It can't be related, because currently when people invest in bitcoin nobody will buy anything because after few days he will be able to buy not 1 smartphone but 2 or even more. And it is a circle, when we add here huge fees on bitcoin we have very bad case...
People are only seeing bitcoin as a way to make quick profit, and there is nothing with that. Now that there are altcoins in the market, a lot of people are thinking about that all those altcoins could become the new bitcoin, and this is why most of those people try to invest on those altcoins that are very cheap, because they think that they will be rich in a few months from now, maybe years, but they want it as soon as possible.
Bitcoin is a cryptocurrency, not a way to earn quick money , and people should understand that before investing money.
Bitcoin is a cryptocurrency, not a way to earn quick money , and people should understand that before investing money.
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