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Topic: Is bitcoin just for investors - page 3. (Read 391 times)

legendary
Activity: 2030
Merit: 2174
Professional Community manager
October 14, 2020, 05:47:55 AM
#10
people actually prefer using bitcoin sometimes.And In a minute it will either ho higher or lower, And it a problem sometimes the money doesn’t belongs to you,but you just want the transaction to be easier, not everybody knows how to monitor market or trade.
Volatility in Bitcoin, along with scalability issues limits its utility as a payment option. This does not however mean that Bitcoin can not be used for transactions, there are payment channels as well as BIPs aimed at improving how transactions work on the network, there are also outlets which already accepts Bitcoin as a payment option, so it is not only for investors or investing.

Bitcoin has various utilities, all of which interacts with each other. It can be used as a speculative asset, as well as a peer to peer payment currency, and the more speculative value it gains, the less people would be willing to use it in transactions. For example Bitcoin has been gaining bullish traction over the months since the halving and before that, with a lot of people expecting a bull run in the coming months, this anticipation reduces its use in daily transaction, as holders would rather hoard them for use at a later time.

I believe the evolution of Bitcoin would start of (as it has) as a speculative asset and a means of attaining financial freedom, it would then adapt to become more of a hedge fund and gain adoption as a daily medium of exchange.
full member
Activity: 574
Merit: 125
October 14, 2020, 05:35:24 AM
#9
That is how a beginner of the crypto world sees bitcoin, they think that bitcoin is only for earning money, they don't even have good knowledge about it so they only know that bitcoin is one way to earn money, they don't even explore some important things about it.

It would be better if they will know terms like blockchain, decentralization, consensus. Beginners would be great in the crypto world if they don't only see bitcoin as a good investment, there are some other important things that we can have in the world of crypto. If they spend time doing some research or joining some forums like this one, it will help them to know more important things about cryptocurrency.
legendary
Activity: 1498
Merit: 974
Top Crypto Casino
October 14, 2020, 05:34:38 AM
#8
Bitcoin today is not only for holding your coin or buying the coin used for earning profit instead the bitcoin today has a different use and one of the best examples with this is like bitcoin atm, bitcoin for spending on gambling and bitcoin as payment for different kinds of stuff like items in the real world, most of them are already adopt the use of the debit/credit cards, I think the bitcoin today is now used for everywhere it depends on the user how they want to spend their most but we cannot deny that there is some people know the use of the bitcoin just for investing only and earning profit with the hodl.

Also the bitcoin is not only for investor instead to everyone because even a child can hold a bitcoin even a hundred-year-old person can hold a bitcoin not only for investors.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
October 14, 2020, 04:54:18 AM
#7
You are wrong in your understanding because it is not "Bitcoin is for Investors" but instead "Bitcoin is for investing" meaning we can choose either you invest or use for transactions.

Bitcoin is a currency so meaning we can make use whatever we wanted,never mind those mentioning that this is for investors only because most of them don't even understand what Bitcoin is really all about.
Bitcoin may serve as a good investment tool, but it wasn't made for investors only.
Simply correct because this is a currency and no one can can dictate us whatever we wanted this to be used.

legendary
Activity: 1876
Merit: 1157
October 14, 2020, 04:45:23 AM
#6
So many people make this comment that bitcoin is for investors, but sometimes people use it in transactions, people actually prefer using bitcoin sometimes.
The biggest section of people that actually is "transacting" bitcoin are the traders on centralized exchanges. Apart from that, for most people who are not bitcoin OGs or do not have a constant stream of bitcoin earnings, it does not make sense to pay high fees. For such users, you can say that bitcoin is primarily a bet against the value of Fiat. If you hold 2000 USD in your fiat account today, it is a certainty that its value will decrease because of the constant money printing going on. If you put that into bitcoin, you have an alternate that will maintain its value or increase with time.

Is bitcoin mainly for investors or for every one?
Everyone is an investor, albeit, at their own levels. Whether you have 500 USD to invest or 5 Million, you have to make the best decision on the basis of known facts and market activity. That level of financial independence and literacy is also one of the many goals of the "sound money" argument.
newbie
Activity: 36
Merit: 0
October 14, 2020, 04:33:13 AM
#5
Bitcoin may serve as a good investment tool, but it wasn't made for investors only.
mk4
legendary
Activity: 2786
Merit: 3845
Paldo.io 🤖
October 14, 2020, 03:50:27 AM
#4
Bitcoin is for whatever the heck you want to use it for. May it be as a speculative investment, a hedge against fiat and inflation, a currency for paying for whatever stuff online, you name it.
legendary
Activity: 2380
Merit: 4372
🔐BitcoinMessage.Tools🔑
October 14, 2020, 03:47:11 AM
#3
Bitcoin investors, as any other investors, are expecting returns on their investments, otherwise it doesn't make sense to put your money in. Hopefully, it is obvious that bitcoin is profitable investment only if its value grows over time, or at least, negatively correlates with stock market in case it is used as hedge to mitigate other market risks. However, the latter function of bitcoin is not important in this case. For bitcoin to be profitable investment, in order for it to grow in value it must have an utility, it must be used as means of payment in everyday transactions or as a store of value. It cannot grow in value if it is in low demand among ordinary users. If bitcoin were only demanded by profit seekers and investors, it would likely be worth nothing since its utility as money for people would be questionable.
sr. member
Activity: 2226
Merit: 347
October 14, 2020, 03:17:57 AM
#2
So many people make this comment that bitcoin is for investors, but sometimes people use it in transactions, people actually prefer using bitcoin sometimes.And In a minute it will either ho higher or lower, And it a problem sometimes the money doesn’t belongs to you,but you just want the transaction to be easier, not everybody knows how to monitor market or trade. What is the answer on this. I really want to know if bitcoin is mainly for investors and other person that is using it just for that purpose if the losses if there own risk. Is bitcoin mainly for investors or for every one?
When we do talk about investment or investor then they do spent out money to buy up bitcoin but actually we can still earn coins without the need of using our own money
and which is via on other task that do pay up some Bitcoin or alts that can be converted to bitcoin and also this isnt just for investment purpose because if you do
read up the whitepaper of bitcoin then its solely created to be an electronic peer-to-peer payment system which it isnt really hard to understand imho.
Making profits or money with it is just a bonus but the true motive of its existence is on that payment system.
jr. member
Activity: 54
Merit: 4
October 14, 2020, 03:11:08 AM
#1
So many people make this comment that bitcoin is for investors, but sometimes people use it in transactions, people actually prefer using bitcoin sometimes.And In a minute it will either ho higher or lower, And it a problem sometimes the money doesn’t belongs to you,but you just want the transaction to be easier, not everybody knows how to monitor market or trade. What is the answer on this. I really want to know if bitcoin is mainly for investors and other person that is using it just for that purpose if the losses if there own risk. Is bitcoin mainly for investors or for every one?
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