Is Bitcoin actually just a Investment coin? - page 5.

iqlimasyadiqa

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Quote from: A1exander on November 22, 2017, 08:41:19 AM

Quote from: caretaker on October 31, 2017, 04:43:41 PM

After a long time of thinking, reading and also investing a bit into Bitcoin I have to say that it looks for me that the main use is actually just pure Investment.

Yes, I agree. It is 'digital gold', not a replacement for cash and cards. The current bitcoin technology is unsuitable for use as a payment system. The transactions are very slow and expensive, and the performance is severely limited by the protocol. Unless a higher-level solution is introduced, it will be more and more of an investment instrument.

What you say with Bitcoin technology is not good, it is a wrong statement. Bitcoin is a new innovation in making the financial system better, faster and easier. Maybe you should think that in the future we will face a lot of changes and one of them is how we do a financial transaction. Bitcoin is a breakthrough that offers many advantages to everyone. Bitcoin is not just an investment, Bitcoin is much bigger than it is. Bitcoin is money, Bitcoin is an asset, Bitcoin is an amazing thing and Bitcoin can realize impossible things to be true. Lots of changes made by Bitcoin, we will all be facing such a sophisticated era and online transactions will be a choice of many people, Bitcoin gives us the ease to perform various financial transactions in the future !!!

best ever

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Not at all. For me Bitcoin is not just an investment cryptocurrency, but the peer to peer stuff. It means that dealing with BTC I do not pay any bank commissions of the operations and I can send my virtual money to close people living in the other countries.

A1exander

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Quote from: caretaker on October 31, 2017, 04:43:41 PM

After a long time of thinking, reading and also investing a bit into Bitcoin I have to say that it looks for me that the main use is actually just pure Investment.

Yes, I agree. It is 'digital gold', not a replacement for cash and cards. The current bitcoin technology is unsuitable for use as a payment system. The transactions are very slow and expensive, and the performance is severely limited by the protocol. Unless a higher-level solution is introduced, it will be more and more of an investment instrument.

buwaytress

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Join the world-leading crypto sportsbook NOW!

Quote from: Bagaji on November 22, 2017, 03:05:49 AM

Bitcoin is not just an investment currency but it equally serve the general purpose of currency and at the same time as an investment opportunities that yield return on investment over time period.

Op put into words what I have witnessed in practice from the "new Bitcoiners" I know of. Every single one of them hasn't actually used an actual Bitcoin wallet nor bought actual Bitcoins or transacted in them.

They have simply deposited funds through a third party, with "Bitcoin " reflected as balances on an online account... some can't even withdraw those Bitcoins, they can only sell it back for fiat.

So I am beginning to see now that these so called new users aren't adopters at all. Mainstream adoption is still a distance away, with the bulk of newcomers merely investing in something they believe to be bitcoin, but without actually owning any. None ever see themselves using it, all believe they will liquidate when the time and profit is right.

That's just my observation.

BeGoods

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Quote from: Oilacris on November 22, 2017, 03:09:52 AM

Quote from: Bagaji on November 22, 2017, 03:05:49 AM

Bitcoin is not just an investment currency but it equally serve the general purpose of currency and at the same time as an investment opportunities that yield return on investment over time period.

This can really be treated on both things which it makes specially where bitcoin can be used digital currency and at the same time it does give opportunities for us to make money or profits onwards. This thing is the reasons why it do give curiosity and reason for people to engage on bitcoin but i do really believe that most people do see this thing as a money making thing than on its actual purpose.

although most users now use bitcoin for investment only but actually bitcoin can also be used as currency you know? besides there are many stores and merchants that accept bitcoin as payment option. so I think because of that bitcoin is not just an investment but more than that dude

haroldtee

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Quote from: Shendy23 on November 22, 2017, 07:03:46 AM

No, Bitcoin is not just for investment. You can earn more if you do invest on it. You can use Bitcoin in trading. You can mine the bitcoin. Also, You can use your bitcoin to buy something. As you go on reading the topics here in the forum some are selling items or services for a bitcoin. We also can earn here. I mean we could be payed here using bitcoin the higher price that bitcoin we have now the bigger payment we have if we exchange the bitcoin into dollar or whatever kind of fiat you need.

Spending as a currency is even what makes it interesting as it serves a value. If the value is not there, then there is no way it would have really not just been a bubble. Citing an example with Zimbabwe, the reason the value is above the normal market price right now is because the demand is far higher than the supply and there are lots of people who need it to be able to do international transactions after being denied the right by the government. These made them to seek for a way which only bitcoin was able to fill the gap. That is just how useful bitcoin can be now and in the long run. And as long as there are people in need of it and willing to pay more for it, spenders and holders will keep serving the purpose in making the value increase.

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Bitcoin- in bullish time

Quote from: WatchMaker on November 22, 2017, 06:55:34 AM

Bitcoin was created to be digital currency but due it value growth in small period of time.
People are now buying bitcoins in form of business investment to sell later when the value goes up.

Indeed, that is the reason for bitcoin to be more on the side of being an investment rather than being a digital currency. The market of bitcoin is growing rapidly and that is the reason people are being wise with their bitcoin and instead of selling it or using it as a way of payment, they are just keeping it as an investment to get some profit.

BitSat

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Bitcoin was never been a good and solid investment but in recent years many good things happen to him just because of this now we can say its very good investment and now matter of time can use for many other things like buying selling and exchange this could be more good for this as its spreading our investment is going to give us very good profit right now its better then Gold

marsmyname

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Quote from: carlfebz2 on November 13, 2017, 10:59:50 AM

Quote from: caretaker on October 31, 2017, 04:43:41 PM

I think the title says it all.

After a long time of thinking, reading and also investing a bit into Bitcoin I have to say that it looks for me that the main use is actually just pure Investment. It always looks like that everyone just talks about how great the Technology is although they secretly want to get super rich with a always raising price. Of course it's used with several shopping or daily things, but that's just such a small part of it.
During that, people who don't want to take the risk to invest call it a "Bubble" and people who don't want to lose their money just make kind of stupid speculations without any arguments.

In the end (just my opinion) the price of Bitcoin is controlled by all the media (that's hyping bitcoin and talking about it everywhere) and all the really big bitcoin whales with e.g. like 10000+ coins can actually effect the market the most. Imagine what a few people with a huge amount of bitcoins could work out together to control the market and making money.

It's just weird, because it turns this, what everyone calls it, great technology in the end just to a fully commercial object to earn money. Which would be probably also the reason why it stays and raises all the time, because it's normal that everyone wants to make a big amount of money with this little effort.

Let me know what you guys think and please don't give me this non argumented one liner like in all the other threads Wink

Its the reality indeed on which most people do really have the hidden motives or perception on getting rich or making good profits into bitcoin even if they would say into other people or on public that they do like the innovation and benefit that it gives. I have the same view regarding on bitcoin is just being treated as an investment purely not totally on its actual usage on where it is being stated on its own whitepaper.You cant blame people though because if money is involve it would really be a different story.

Nope mate this is dual nature coin you can also use bitcoin as mode of payment and this is happening right now online stores are accepting bitcoin as payment and for me this mode is preferable because this give boost to the prices more as yeah it is good investment also because btc is so promising that it deliver maximum and it is the most safest mode of investment now it is beneficial in both ways it’s up to user.

Shendy23

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No, Bitcoin is not just for investment. You can earn more if you do invest on it. You can use Bitcoin in trading. You can mine the bitcoin. Also, You can use your bitcoin to buy something. As you go on reading the topics here in the forum some are selling items or services for a bitcoin. We also can earn here. I mean we could be payed here using bitcoin the higher price that bitcoin we have now the bigger payment we have if we exchange the bitcoin into dollar or whatever kind of fiat you need.

WatchMaker

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PUFFY FINANCE

Bitcoin was created to be digital currency but due it value growth in small period of time.
People are now buying bitcoins in form of business investment to sell later when the value goes up.

Afnan_faizah

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Quote from: btc-facebook on November 22, 2017, 04:47:28 AM

It's just a named , bitcoin is digital currency that this kind of coin can't be own physically.
No one able to expect that bitcoin able reach $ 8000 so if you're lucky to be apart of the bitcoin investor then congrats to you.

#BetterThanGold

Bitcoin reach $8000 usd is more than expert's expectation. The risk is even bigger now, because maybe that is not the price it should be, maybe just the result of excessive enthusiasm. Invest in bitcoin is very risky, but profitable for the long time holders.

Reatim

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Eloncoin.org - Mars, here we come!

Yes, but by todays standard, it is called a investment coin because people tend to buy it and hodl for long term. So personally, we can call it as such. However, if you look at the initial design by Satoshi, its not, its P2P. But bitcoin is evolving and its no longer the crypto for micro payment scheme because of the high tx fees and slow confirmation time.

But don't forget that bitcoin is money for most of us, they spend it like fiat, although there aren't any merchants that currently accepting it. People just cash it out and then they buy things like a regular fiat now. Which for me is a good thing because bitcoin has given individuals so much purchasing and financial freedom specially in 3rd world countries.

trako

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BitCoin is an investment vehicle now. because constant appreciation keeps people waiting. because everyone knows that it is rising rapidly. In my country, bitcoin has provided a very serious increase. The dollar is already very precious in my country. now 1 Btc is more than the 1 year salary of a worker who works with the minimum wage in my country. If I have to talk to my country, nobody wants to sell something that is constantly valued. everyone is waiting and seeing it as an investment.
it is not possible to shop with bitcoin even if you want to use it. it has to go through a change of transformation system. which means that the money is being recorded. No one is looking at it right now.

CuriousGeorge

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KUWA.ai

Quote from: Prince786 on November 22, 2017, 03:42:48 AM

There is no denying that buying and holding bitcoin is wiser decision than spending it.because of the increasing bitcoin today. Investors are eyeing bitcoin as a good investment tool.Bitcoin is a popular and valuable crypto currency in this situation.

But actually it's against the vision of satoshi to make bitcoin as a spending tool in this case named currency, it's main function is to pay something to replace phyiscal money in the real world, if it's just merely an investment, it'll hold the adoption of bitcoin in so many places. people should be aware that bitcoin is not only for investing but also for spending despite many issue like transaction fee.

btc-facebook

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It's just a named , bitcoin is digital currency that this kind of coin can't be own physically.
No one able to expect that bitcoin able reach $ 8000 so if you're lucky to be apart of the bitcoin investor then congrats to you.

#BetterThanGold

cizatext

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To me bitcoin is an investment and at the same time a digital currency that is it a means of doing business e.g buying and selling so to say some people come in to bitcoin with the soul aim to get rich is yes. Every one who is involved in bitcoin today has that same aim too, in fact the soul aim why we do what ever we do it to better and enhance our life.

Prince786

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There is no denying that buying and holding bitcoin is wiser decision than spending it.because of the increasing bitcoin today. Investors are eyeing bitcoin as a good investment tool.Bitcoin is a popular and valuable crypto currency in this situation.

putrisa

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Quote from: caretaker on October 31, 2017, 04:43:41 PM

I think the title says it all.

After a long time of thinking, reading and also investing a bit into Bitcoin I have to say that it looks for me that the main use is actually just pure Investment. It always looks like that everyone just talks about how great the Technology is although they secretly want to get super rich with a always raising price. Of course it's used with several shopping or daily things, but that's just such a small part of it.
During that, people who don't want to take the risk to invest call it a "Bubble" and people who don't want to lose their money just make kind of stupid speculations without any arguments.

In the end (just my opinion) the price of Bitcoin is controlled by all the media (that's hyping bitcoin and talking about it everywhere) and all the really big bitcoin whales with e.g. like 10000+ coins can actually effect the market the most. Imagine what a few people with a huge amount of bitcoins could work out together to control the market and making money.

It's just weird, because it turns this, what everyone calls it, great technology in the end just to a fully commercial object to earn money. Which would be probably also the reason why it stays and raises all the time, because it's normal that everyone wants to make a big amount of money with this little effort.

Let me know what you guys think and please don't give me this non argumented one liner like in all the other threads Wink

this depends on what people think of it, I think bitcoin is a place of investment and as a place to seek profit and look for some money that can be made to buy daily necessities.

Oilacris

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Quote from: Bagaji on November 22, 2017, 03:05:49 AM

Bitcoin is not just an investment currency but it equally serve the general purpose of currency and at the same time as an investment opportunities that yield return on investment over time period.

This can really be treated on both things which it makes specially where bitcoin can be used digital currency and at the same time it does give opportunities for us to make money or profits onwards. This thing is the reasons why it do give curiosity and reason for people to engage on bitcoin but i do really believe that most people do see this thing as a money making thing than on its actual purpose.

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