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

Cosbycoin

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Quote from: pubmongrelT on March 18, 2018, 11:22:49 PM

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

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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

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

Minnie1928

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Quote from: antliafightingR on March 19, 2018, 05:51:41 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

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Quote from: bagsladderg on March 17, 2018, 11:31:15 PM

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

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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

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

romanovst

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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,

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

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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,

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

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

bagsladderg

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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

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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

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Quote from: Argie021213 on March 01, 2018, 02:55:22 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

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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

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Quote from: CuriousGeorge on November 28, 2017, 12:32:02 AM

Quote from: Kronos21 on November 23, 2017, 01:00:07 PM

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.

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

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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,

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

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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

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Quote from: cryptocrusher on November 23, 2017, 12:41:37 PM

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.

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

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

Maddinson100

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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.

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.

Smarty14392

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Quote from: aoihs00 on November 23, 2017, 11:29:20 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,

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.

Transactions are still being done and one thing is that it is a normal thing to see when considering all options in this ecosystem and everyone serves a purpose (spenders, holders, traders etc.).

Normal human consciousness will normally not want to quickly spend something that can also serve as an asset and increase in the long run, but that does not mean we do not have spenders at all. After all, I still used part of my bitcoin to buy some groceries recently so we cannot just assume that no one is spending.

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.

Guess it's more of me being such a cheapskate, ahaha! I would often be like "those bitcoins I withdrew last year... they could be worth double now had I waited". Anyway, I don't really need it for daily use anyway so I can just keep them there.

merchantofzeny

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Quote from: evilgreed on November 21, 2017, 01:15:59 PM

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

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.

Not only am I hopeful, we need it. Sooner or later economies running on what is basically debt would have a crash turning everything we worked for into dust. Cryptocurrency is one possible way for us to avoid being a casualty.

arseaboy

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Quote from: 0t3p0t on November 28, 2017, 07:55:47 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,

During Bitcoin's early age the essence of being a new form of currency can be seen but as it has gained popularity in the community, Bitcoin's price skyrocketed until today that is why enthusiasts see something that Bitcoin has potential when it comes to investment purposes. Most crypto enthusiasts these days are into investing time and money to earn profits with cryptocurrency most especially in Bitcoin. Some people are holding Bitcoins for long term investment and some others trade Altcoins in exchange of Bitcoins. It doesn't matter on how we understand and deal with Bitcoin either an investment, a store of value or a currency.

I also noticed that crypto industries already created a mindset, that investors will gain if they know how to work with it, the essence of creating a new form of currency to make payment transactions more easier is no longer the main point of holding bitcoin, who would thought that this will happen so fast and from
now on people are holding and keep placing their resources with this current investment.

0t3p0t

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Peace be with you!

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,

During Bitcoin's early age the essence of being a new form of currency can be seen but as it has gained popularity in the community, Bitcoin's price skyrocketed until today that is why enthusiasts see something that Bitcoin has potential when it comes to investment purposes. Most crypto enthusiasts these days are into investing time and money to earn profits with cryptocurrency most especially in Bitcoin. Some people are holding Bitcoins for long term investment and some others trade Altcoins in exchange of Bitcoins. It doesn't matter on how we understand and deal with Bitcoin either an investment, a store of value or a currency.

Reid

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Even if we want to, how can we let go of something that keeps on going up?
That is just one problem.
Next is where will we use it?
There is a lack of merchants that accepts bitcoin as a means of payment.
Usage will never be done unless we do have some place where we could spend it.
Items like the one on Amazon that almost have it all will help.
But who is going to risk it? Will there be one company who will take the next step?

beerlover

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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 totally depends on the mode you want to switch yourself to. Both are good, but we both know if you invest it properly, it is more like multiplying what you have which does not mean you cannot do the two.

Spending is important and if trading is normally not even going on right now which is still part of currency mode as far as I am concerned, we won't be seeing the fluctuations we are seeing. Certainly we cannot deny the fact that it is not widely accepted yet, which is what makes the currency mode difficult without having to convert to fiat before, but it is a gradual thing.

CuriousGeorge

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KUWA.ai

Quote from: Kronos21 on November 23, 2017, 01:00:07 PM

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.

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.

aeternus

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Quote from: Kronos21 on November 23, 2017, 01:00:07 PM

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.

Many people make the comparison between gold and bitcoin, gold has always been hoarded and in the past was used as a currency so I do not think the fact that people are hoarding bitcoin to be something that plays against bitcoin, in fact I think it is a good thing since that means people trust in bitcoin to retain its value.

waynechong1995

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swing!

With this ongoing trend it's not good news for the community, price going up and down just create more losers when big players decide to go out with those literally millions from fresh buyers that had no idea how this piece of technology works, the price just doesn't align at all with the true usability on bitcoin in our society, YET. I believe those parties that adopting bitcoins as major business are suffering for not having a loyal user base considering all just dive in exchanges, far too much for anyone to control with it's being decentralized and everybody just wants quick profits selling and buying off bitcoins as assets.

Maveth13

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I think for bitcoin to be used as a currency by everyone as it is intended, the price needs to be stable first. Yes you can use bitcoin to buy things, but the first thing that comes to people's mind when doing this is that the amount they will spend now might double after X amount of time. Because of this, people repress on spending btc and just hold as an investment.

farhaan

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Bitcoin was actually created as a currency but latter with its increasing price,people started to see it as an investment.It was getting used for both purposes.

But latter,people started using it mostly as a high return giving investment and just started buying more bitcoins.If it gets continued to used just as investment,then it would not enter in to mainstream and it would be just stored as gold.

TTITA

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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't think this is a problem. It is inevitable today many new people following then decide to buying many bitcoin for quick profit, this is not contrary to the condition of crypto as currency, because we can see many alternative coins besides bitcoin traded. This is the economic principle, when we follow the trend to get profit with less risk.

Nanot

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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,

Become a btc holder you must fucus on its currency price that deals to make sure the wellness of your life in able to protect and make sure that your investment would be succed and progressive.

orka39

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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,

You are right when you said start using bitcoin as currency will boost user number and price automatically. But why investment mode is used by more people than currency? Because so far not many sites or especially offline place accept bitcoin as payment.

Duogembrot

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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 seems that investments with bitcoin methods are better than others because bitcoin is still cheap and the ups and downs in price are terrible, this could create an opportunity for investors.

JacksonMonroe

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Quote from: speedy963 on November 24, 2017, 05:01:19 AM

Quote from: Kronos21 on November 23, 2017, 01:00:07 PM

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.

The main purpose why bitcoin has been created is to be used as a currency, and because of its volatility people come up of an idea on how to grow their bitcoins, their are also lots of methods and ways to grow your bitcoin, and as you said " we are forced to changed their coins into fiats"? well its not like that, nobody is forcing you, and besides there are also lots of new investors that we do not know maybe daily, so volatility was being taken advantage in order to gain and grow your bitcoin. That's it.

I agree with you i think investment mode is the best for BTC because people are actually making a lot from it and people are becoming rich everyday currency mode is not so good in my opinion because bitcoin is not supposed to be real life money.

eaglewhite80

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Quote from: jagdeepjd on November 24, 2017, 04:09:06 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,

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.

Maybe in future as you have said. The fact remains that using bitcoin now without still having to convert to fiat is not that easy. And what difference does it make from those who are trading on exchanges daily? Leave it or yes, there are still spenders. If the spender the OP is looking for is to be able to do daily transactions with it, then we will just have to wait until it becomes easy, but until then, I guess we have to just see it more like an asset.

speedy963

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Quote from: Kronos21 on November 23, 2017, 01:00:07 PM

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.

The main purpose why bitcoin has been created is to be used as a currency, and because of its volatility people come up of an idea on how to grow their bitcoins, their are also lots of methods and ways to grow your bitcoin, and as you said " we are forced to changed their coins into fiats"? well its not like that, nobody is forcing you, and besides there are also lots of new investors that we do not know maybe daily, so volatility was being taken advantage in order to gain and grow your bitcoin. That's it.

a4techer

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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 a currency also it is a cryptocurrency and yes we using for income to buy, shop, pay bills and many others that we didnt know before but as of now many country was they approve the legalization of bitcoin and they can use in many transaction and as we can see that bitcoin was continuously growing up or raising up and that is good for us to earn and have income.

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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.

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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.

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