Reasons for Bitcoin as an investment:
1. Increasing global recognition
2. High return on investment, high cost performance
3. Security and decentralization
Just to say which aspect Bitcoin prefers depends on what benefits we hope to obtain.
I think that besides using Bitcoin as a payment method, it is a wise decision to invest at least a little bit.
Topic: Is Bitcoin an Investment or Payment form? Has it lost its purpose? (Read 432 times)
August 04, 2021, 12:05:47 PM
There are many ways to develop Bitcoin. Can be used for education, investment, technology,
Because of the emergence of the Lightning Network, Bitcoin can be used for daily payments, but some people will insist on holding it because of the value of Bitcoin.
Bitcoin is becoming more and more valuable, so more people invest in Bitcoin,
This is a good aspect. I don't think it has lost its purpose.
it's true as you say bitcoin never loses its purpose, only people who are anti bitcoin say bitcoin has lost its purpose, in fact we have gotten a lot of benefits from bitcoin, we have also felt positive things from bitcoin .. if anyone says bitcoin lost its purpose, i totally disagree..Because of the emergence of the Lightning Network, Bitcoin can be used for daily payments, but some people will insist on holding it because of the value of Bitcoin.
Bitcoin is becoming more and more valuable, so more people invest in Bitcoin,
This is a good aspect. I don't think it has lost its purpose.
August 04, 2021, 07:49:33 AM
There are many ways to develop Bitcoin. Can be used for education, investment, technology,
Because of the emergence of the Lightning Network, Bitcoin can be used for daily payments, but some people will insist on holding it because of the value of Bitcoin.
Bitcoin is becoming more and more valuable, so more people invest in Bitcoin,
This is a good aspect. I don't think it has lost its purpose.
it's true as you say bitcoin never loses its purpose, only people who are anti bitcoin say bitcoin has lost its purpose, in fact we have gotten a lot of benefits from bitcoin, we have also felt positive things from bitcoin .. if anyone says bitcoin lost its purpose, i totally disagree.. Because of the emergence of the Lightning Network, Bitcoin can be used for daily payments, but some people will insist on holding it because of the value of Bitcoin.
Bitcoin is becoming more and more valuable, so more people invest in Bitcoin,
This is a good aspect. I don't think it has lost its purpose.
August 04, 2021, 07:19:13 AM
Currently Grayscale's bitcoin trust owns 654k and the top companies hold 200k, that's 854k bitcoins out of circulation from 21million, not to mention an estimated million more lost. We see alot of bitcoin integrations from paypal, mastercard but is there a public for that? With hour long payment confirmations, I just don't see it as a payment form in everyday life. Has bitcoin turned into an investment wagon or is there still a possibility of it becoming an everyday payment currency?
It's really used in both ways and at the same time, they work synergistically. When the demand on bitcoin for investment purposes rises, the number of transactions increases too.But right now, I think that there is more demand on bitcoin as an investment form. And the quality of investors is very low, I mean, a lot of people enter the bitcoin market blindly and have no idea what it exactly is or what's the purpose of this coin, they just blindly follow other people.
Bitcoin lost it's purpose but it has nothing to do with the demand on bitcoin as an investment vs bitcoin as a payment form. The real reason is that Bitcoin got very regulated, people don't use it to get rid of 3rd parties, instead, we demand on them when we use crypto visa cards, exchanges, commercial payment gateways, etc.
August 04, 2021, 06:44:34 AM
As you can see the on whitepaper of bitcoin, bitcoin was created to be a p2p payment method but regardless of that, if you want to transfer a huge amount of money or privacy of transactions is important for you, bitcoin can pretty useful for you because you will pay less than ten bucks for millions of dollars to be transferred, but for people who are looking to transfer a small amount of money, it's not reasonable to pay 3 dollars fee for a 3 dollar transactions. So, I would say in some cases bitcoin can be a good payment method. However, in my own idea bitcoin can be a much better investment because of the limited supply and huge growing demand, this can save you from inflection rate.
August 04, 2021, 05:05:38 AM
There are many ways to develop Bitcoin. Can be used for education, investment, technology,
Because of the emergence of the Lightning Network, Bitcoin can be used for daily payments, but some people will insist on holding it because of the value of Bitcoin.
Bitcoin is becoming more and more valuable, so more people invest in Bitcoin,
This is a good aspect. I don't think it has lost its purpose.
Because of the emergence of the Lightning Network, Bitcoin can be used for daily payments, but some people will insist on holding it because of the value of Bitcoin.
Bitcoin is becoming more and more valuable, so more people invest in Bitcoin,
This is a good aspect. I don't think it has lost its purpose.
August 04, 2021, 04:54:52 AM
Bitcoin can be used as an investment method, and it can also be used for payment.
Bitcoin price instability and large fluctuations make it have a certain value. Buying at a low price and selling at a high price are benefits for many investors. Many people see the profitability of Bitcoin and use it as an investment currency to get profit.
In some areas, Bitcoin can also be used for payment and use it as currency.
Bitcoin price instability and large fluctuations make it have a certain value. Buying at a low price and selling at a high price are benefits for many investors. Many people see the profitability of Bitcoin and use it as an investment currency to get profit.
In some areas, Bitcoin can also be used for payment and use it as currency.
August 03, 2021, 08:06:35 PM
Bitcoin isn't strong as currency because most businesses don't accept it as payment and not because transactions take too long to get confirmed. There are many things I could pay with bitcoin and wait several hours or even days to have my transactions confirmed without any problems, but unfortunatelly I just can't. So I have to exchange my money into fiat first in order to use it, what is very pointless since I could be using that money in bitcoin. I believe if more services adopted bitcoin as payment we would see an exponential increasement in btc usage as currency.
However it's important to highlight I'm not talking about any kind of services. It must be daily high demanded services and businesses by common people, not some fancy or excentric brands.
However it's important to highlight I'm not talking about any kind of services. It must be daily high demanded services and businesses by common people, not some fancy or excentric brands.
August 03, 2021, 06:40:26 PM
if you look at the beginning of the creation of this technology, bitcoin was born as a digital currency asset.
How can you conclude that? Do you assume Satoshi introduced it as a digital asset? I think Satoshi just wrote on the Bitcoin whitepaper as electronic cash, which means it is purposed to be a digital currency. I didn't read if Satoshi told us to use it as a digital asset in the future. Or you probably found Satoshi commented on the forum that introduced it as a digital asset? Show me where it is? Anyway, please read again Bitcoin whitepaper https://bitcoin.org/bitcoin.pdf. 
August 02, 2021, 07:48:45 PM
Bitcoin can't be limited within a small space, it has evolved as a multi-purpose asset than a payment/investment asset. The purpose on which it got developed is to give financial freedom, but the usage happened on illegal activities and on gambling in the very beginning days. This gave bitcoin a bad image, and later things slowly started to change through its growth and people started believing in it. This way it has got different purposes and it depends on the users.
August 02, 2021, 07:45:35 PM
We see alot of bitcoin integrations from paypal, mastercard but is there a public for that? With hour long payment confirmations, I just don't see it as a payment form in everyday life. Has bitcoin turned into an investment wagon or is there still a possibility of it becoming an everyday payment currency?
I just see this as a big struggle when we wanted instant but somehow, there is a time of long delays in confirmation especially when you pay the lowest pay. This gives some excuses and that is why I use to pay higher fees if I'm in a hurry but the good thing now is the fee is too small, we can set it on the maximum if we want almost instant, I think just only a few minutes it was already confirmed. Maybe sometimes we have to understand the situation but for me, being intended for a payment solution, that is still far from reality. 
August 02, 2021, 07:30:32 PM
if you say bitcoin has lost its purpose I don't think so, because we can see bitcoin is money in digital, which we can use to buy our needs, such as cars and other valuables, because the function of bitcoin is actually very much and the selling value is so high, that's why many people save bitcoins as assets, and invest. some people don't spend their bitcoins, because there are still many countries that don't want to accept payments in bitcoin..
after all, if there is a better function why should you regret other functions that have not fully worked? after all, the problem is only because of regulation, so the function of bitcoin as a means of payment cannot be maximized. but as time went on, adoption continued to grow, some big companies started making discourses for alternative payments using bitcoin or crypto. if this is really realized then it will be even better for the development of crypto.After all, everyone has different tendencies, some choose crypto as an investment tool, trading commodity, and a means of payment.
August 02, 2021, 10:39:47 AM
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Newbie to the crypto space have a greater interest in using bitcoin as an investment asset as opposed to a means of payment. This is because these people aim to profit from it rather than using it as a means of payment. Although it seem true, but I think its function as a mean of payment is not lost because of this. In the future, as the adoption of bitcoin has increased more people will be more accustomed to using it as a mean of macro and micro payment. 
August 02, 2021, 07:56:39 AM
some of the people must have the same thoughts as you.
bitcoin may have lost its function as a means of payment.
but if you look at the beginning of the creation of this technology, bitcoin was born as a digital currency asset. I believe this has a purpose as a means of payment. and you can also hear a story of buying pizza with bitcoin. it was the first transaction using bitcoin as a means of payment.
today people's thinking may change because its value continues to grow.
bitcoin may have lost its function as a means of payment.
but if you look at the beginning of the creation of this technology, bitcoin was born as a digital currency asset. I believe this has a purpose as a means of payment. and you can also hear a story of buying pizza with bitcoin. it was the first transaction using bitcoin as a means of payment.
today people's thinking may change because its value continues to grow.
August 02, 2021, 07:47:26 AM
Millions lost if you technically consider Satoshi's bitcoin as lost plus I think the data for lost coins are inaccurate because they are just listing dormant accounts so there's a possibility that the user of that account is just hodling at a really long time. Also, your thread sounds like the same thread of other users asking whether bitcoin is an asset or a currency. And no bitcoin hasn't lost it's purpose.
August 02, 2021, 07:33:15 AM
Bitcoin was created as a form of payment tool but people are treating it as an investment right now and people are benefiting it.
I didn't lose its purpose because people are trying to send payment in a form of cryptocurrencies because that's what blockchain technology made for.
People are thinking that bitcoin lost its purpose because there are more cryptocurrencies existing in the market and there are more profitable than bitcoin,
I didn't lose its purpose because people are trying to send payment in a form of cryptocurrencies because that's what blockchain technology made for.
People are thinking that bitcoin lost its purpose because there are more cryptocurrencies existing in the market and there are more profitable than bitcoin,
August 02, 2021, 02:46:33 AM
I think, Bitcoin does not change the purpose of the state of origin. Most important for payments is the high security of bitcoin. Lightning integrated payment on BTC will turn into a super payment station, millions of transactions per second. Investment purpose won't be a big deal once we reach free users, The fact that large organizations are keeping large volumes based on accumulation is proof of the success of lightning network btc in future. It's like shredded, like a proof of stake.
true as you say, bitcoin never changes anything, and bitcoin also never loses its purpose, because we all already know bitcoin is a very valuable asset, the purpose of bitcoin is to give us a new civilization, and provide new challenges, as the world develops in the world. digital, then bitcoin crawls up,, because when the world starts to advance, our minds must go forward, to look for something new, to generate income.. 
August 02, 2021, 02:22:57 AM
Currently Grayscale's bitcoin trust owns 654k and the top companies hold 200k, that's 854k bitcoins out of circulation from 21million, not to mention an estimated million more lost. We see alot of bitcoin integrations from paypal, mastercard but is there a public for that? With hour long payment confirmations, I just don't see it as a payment form in everyday life. Has bitcoin turned into an investment wagon or is there still a possibility of it becoming an everyday payment currency?
The purpose of Bitcoin is to be both a medium of exchange and a store of value.
There used to be a time when BTC served better as a medium of exchange,now Bitcoin is more like a store of value.That doesn't mean that BTC can't be used for everyday payments,but the merchants don't want BTC due to the price volatility and unstable transaction fees.
There's nothing wrong with Grayscale owning 654K Bitcoins.
I don't really think that Bitcoin was truly adopted by Paypal.You can't withdraw Bitcoins out of your Paypal account.This isn't true Bitcoin adoption.
August 02, 2021, 01:57:43 AM
I think, Bitcoin does not change the purpose of the state of origin. Most important for payments is the high security of bitcoin. Lightning integrated payment on BTC will turn into a super payment station, millions of transactions per second. Investment purpose won't be a big deal once we reach free users, The fact that large organizations are keeping large volumes based on accumulation is proof of the success of lightning network btc in future. It's like shredded, like a proof of stake.
August 01, 2021, 11:20:07 PM
let's be honest:
Does anyone here in this thread use bitcoin as a payment method?
i use litecoin because it is cheaper and faster compared to bitcoin, but i like bitcoin to trade and hodl. and i believe most people just use bitcoin to hodl and get big profits don't use bitcoin to buy stuff... unfortunately this is reality and we cannot hide
Does anyone here in this thread use bitcoin as a payment method?
i use litecoin because it is cheaper and faster compared to bitcoin, but i like bitcoin to trade and hodl. and i believe most people just use bitcoin to hodl and get big profits don't use bitcoin to buy stuff... unfortunately this is reality and we cannot hide
LOL.... I have used Bitcoin as a payment thousands of times, ever since I first purchased it in 2014. If you are so concerned about the transaction fee, then it is better to use an altcoin, or wait until the fee gets lower. For the last 2-3 months, the transaction fee in the Bitcoin network has remained at extremely low levels (less than 5 Sat/Byte for most of the time). Personally I don't prefer to use alts such as Litecoin, because they are difficult to store, and on top of that they have a very high volatility.
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