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Topic: Is bitcoin just for investors (Read 462 times)

full member
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October 14, 2020, 03:43:13 PM
#50
I think the major use of bitcoin is for profit purpose whether it is for investors may mean it is just for them. If someone that will buy bitcoin is an investor no matter how small quantity it is, that means it is for investors. The much talk about bitcoin anyway is for investment and asset.
hero member
Activity: 2464
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October 14, 2020, 03:29:23 PM
#49
The transaction people expect with bitcoin is for daily trade of goods and service but checking the volume of trade for a long while Bitcoin has retained highest volume of trade in cryptocurrency. For the over 6000 coin in the space bitcoin has the highest number of pair compare to any other coin even tether, it also hold the highest volume trade to fiat in the space, as the most used denominator in the space more fund flows into it even from the fiat, from exchanges and OTC.
legendary
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October 14, 2020, 03:21:56 PM
#48
I think that Bitcoin is for everyone. Everything depends what one knows and expects from Bitcoin but it's definitely not designed just for investors. It's not only made for profit but it also has a practical value in everyday life and it can be used as payment method. Unfortunately not many people knows that because we still need much more knowledge and awareness about Bitcoin among broader population.
member
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October 14, 2020, 03:16:07 PM
#47
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?
Bitcoin should be used for every transaction not just as an asset to hold then sell it for profits, but the reality is most of the people are using it as an investment.At least people are using it when rich people of the world saying it is just scam when it was new and still now bitcoin is proving them as wrong even though they managed to make lot of paper money in this generation.It will stay strong in the future and satisfy they dream of satoshi.
legendary
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October 14, 2020, 02:15:05 PM
#46
I do think that bitcoin is for an investor to invest but that's not all there is to it normal people also buy bitcoin to store for the future like any other asset like gold and silver back then I also used to buy gold and silver as an investment but I got to pay tax on them on top of that they don't return investment fast like bitcoin who in years incense to 10000$ from cents

Uhm, isn't buying something for the future is like buying to gain profit in the future or to retain the value of one asset is like an investment?  Initially, Bitcoin was created for all people especially to the unbank one but one needs to be an investor (buyer or miner) in order to have a grasp of this Bitcoin technology.  It is right to say Bitcoin is just for investors since all people invest in it in order to enjoy the benefits of having Bitcoin may it be for profit or for daily transaction use.
newbie
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October 14, 2020, 01:59:00 PM
#45
I do think that bitcoin is for an investor to invest but that's not all there is to it normal people also buy bitcoin to store for the future like any other asset like gold and silver back then I also used to buy gold and silver as an investment but I got to pay tax on them on top of that they don't return investment fast like bitcoin who in years incense to 10000$ from cents
copper member
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October 14, 2020, 01:52:53 PM
#44
I would never say bitcoin is for investors only. It is for everyone. Some people invest in bitcoin and other crypto currencies hoping that they will make some good profit in the long run. Others invest in it to use it as a regular currency due to its flexibility (i know its currently not as much flexible as fiat currency, but with government showing positive attitude and interest towards crypto currencies, we are getting there). Like look at those gamblers. They don't have to go through all those banks and other hassles. They can just invest deposit their coins within seconds on their casino wallets and start gambling right away. Again, there are people that are using crypto currencies "just for fun". They enjoy trying out new technologies and like to experiment with it.
legendary
Activity: 3332
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October 14, 2020, 01:36:35 PM
#43
Well I use it for gambling, most of the time! So except for all other possible activities mentioned in this thread it can be used for gambling too! Most of us see the bitcoin value trough dollars, and at the moment you know that bitcoin worth +$11k! Basically bitcoin is a valuable asset, and with your asset you do what you wish! You can treat it as investment and add more if you believe in it! You can exchange for anything else, if you don't need it or you don't believe it. It's a beauty about crypto, you do what you want to do and you can make your own conclusions! My opinion is that bitcoin is for everyone, and anyone can freely decide where and how to use btc.
sr. member
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October 14, 2020, 01:29:34 PM
#42
Well.. bitcoin is certainly not for investors. There are a lot of local businesses that accept bitcoin and some people actually prefer to pay with it even if it is just for the privacy feature.
You mean not ONLY for investors right? Well definitely bitcoin is for everyone no matter what the individual case is investors, businessman, CEO, etc. there is no restriction in using bitcoin unless your country did prohibit it lol.

Bitcoin is still in an early phase and does not YET benefit from massive institutional liquidity like commodities or forex pairs. This is why we see these sometimes violent price swings. Due to the scarcity of Bitcoins it is not likely that we'll see BTC at these prices when institutions will pour their money into the market.
Violent price swings? I don't think violent is the right word for mix mass speculation, it will be only violent to you when you expect misaligned to the outcome such as investing then opposite direction movement happens. Scarcity of bitcoin, low limited supply will enable it to soar up high in the future.
full member
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October 14, 2020, 01:24:27 PM
#41
For speculators who want to profit from bitcoin, then it is for investors. For an anonymous person who wants to maintain privacy in sending money easily, then it is for an anonymous. and for young people who are following the bitcoin trend, it is for the hits and slang groups. So Bitcoin is for everyone
legendary
Activity: 2534
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October 14, 2020, 01:04:08 PM
#40
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?
Bitcoin is for everyone and it was created as a currency that gave complete freedom to people, however bitcoin is such a good currency that as of right now people have preferred to hold it or use it to accumulate more wealth, this is in fact nothing new, there is something called the Gresham's law, which basically states that “bad money drives out good money” what this means is that if there are two forms of money and one is considered to be more valuable then people by nature will keep that currency and spend the bad currency, which is precisely what we are seeing with bitcoin.
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October 14, 2020, 12:44:41 PM
#39
Bitcoin is for everybody who is able to acknowledge it as a special type of currency ergo Cryptocurrency. Before you delve into Bitcoin, you can actually just know that you can gain money from it. Investing is not the first thing you can do to earn from Bitcoin. Its actually an advance step if you want to earn more from it and just by learning it and doing campaigns for Bitcoin and other Alternate Cryptocurrencies can gain you money.
legendary
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October 14, 2020, 12:42:37 PM
#38
Well.. bitcoin is certainly not for investors. There are a lot of local businesses that accept bitcoin and some people actually prefer to pay with it even if it is just for the privacy feature.
Bitcoin is still in an early phase and does not YET benefit from massive institutional liquidity like commodities or forex pairs. This is why we see these sometimes violent price swings. Due to the scarcity of Bitcoins it is not likely that we'll see BTC at these prices when institutions will pour their money into the market.
sr. member
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October 14, 2020, 12:32:09 PM
#37
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?

Bitcoin whitepaper title:
Bitcoin: A Peer-to-Peer Electronic Cash System.

according to the title. it's clear that bitcoin was born to be a digital currency. but, due to the scalability and volatility, some people just don't like to use it for payment, especially for microtransactions.

most people will suggest you hodl bitcoin.
only a few people will ask you to spend your bitcoin on something, to use your bitcoin for buying/selling goods/services.
so in this case, bitcoin is dominant for investors.

however, thanks to crypto gambling platforms, it pushed bitcoin adoption for payment.


Ucy
sr. member
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October 14, 2020, 12:25:08 PM
#36
I guess your problem is the volatility? You want something "stable" for quick transactions and for holding Bitcoin short term, right?
Well, bitcoin is designed to increase/decrease in price, depending on demand and supply... If there is more demand for the coin than there is to sell , the price will  increase... If there is less demand for the coin but more supply(or more to sell), the price decreases. It increases more in price than it decreases though.   This is an important feature of Bitcoin that protects users (esp those using it as store of value) from inflation.   It could be made to fluctuate moderately though, for the sake of quick/short-term users and people like you.
Or you could just factor in the fluctuation in price and increase the amount of Bitcoin you wish to buy a little bit... This should compansate for the shortfall in your fund whenever there is decrease in price. If price goes up, you gain
full member
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October 14, 2020, 12:24:05 PM
#35
right now I use Bitcoin as an investment only because I still can't shop with Bitcoin freely (there are still no stores that accept Bitcoin payments in my town)  Broadly speaking, you can take advantage of Bitcoin for anything from long/short term investments, trade, payments (some countries) and gambling..
full member
Activity: 966
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October 14, 2020, 12:20:50 PM
#34
Bitcoin is not just for investors, but bitcoin is for everyone. I find bitcoin to be a fast and cost-effective international money transfer medium. Bitcoin is a store of value, people can own bitcoins or use them to pay for items in countries that accept them.
Currently, bitcoin is being accepted more and more around the world. Bitcoin is exchanged daily, so Bitcoin is not just for investors.
sr. member
Activity: 2506
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October 14, 2020, 11:56:59 AM
#33
How can you say that it's just for investors only when some are using it to buy stuff online? Bitcoin has many possibilities to be use whatever you want, may it be for trading, holding, investment or buying stuffs online. There's a lot you can use of Bitcoin—it is more than that. Satoshi just made an innovation currency that no one could ever control and you can freely trade it anywhere online without the delay of what the centralized system does.
jr. member
Activity: 56
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October 14, 2020, 11:41:34 AM
#32
Of course not, you can also use bitcoin for digital payments and it can make it easier to send money to others. You can also trade bitcoin and many other functions.
sr. member
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October 14, 2020, 10:59:54 AM
#31
Bitcoin is a multi-purpose asset. It can be used as required, and it doesn't have any limitations on usage. For users who want freedom of making transactions through banks can make use of it as a transaction medium. For users who want to make an earning out of bitcoin can prioritise it as an trading asset. One who expect long term or short term profit can hold it as an investment. So,it is upto the users and the way people use it.
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October 14, 2020, 10:43:37 AM
#30
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?

Bitcoin is not only for investors instead it is for all who wants to have it for their own purpose either they will use it to trade, to invest, to pay bills or to buy things in a store that already accepted it as payment. Also investors has already a capital to buy bitcoin but on the other you can also own a bitcoin without buying it instead work hard to earn it.
full member
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October 14, 2020, 10:41:08 AM
#29
Bitcoin is in the stage of active development, and although at the moment it is more intended only for a narrow circle of people familiar with this technology, but in the very near future the scope of its application will expand due to the fact that every month more and more new opportunities appear for its application.
copper member
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October 14, 2020, 10:09:57 AM
#28
Bitcoin has different purposes and it's just up to you on what reason you will be using bitcoin. It's just evident how a lot of people see bitcoin as one of the good ways of investing that's why you will see people making it as an investment. But it's not just limited to that because as what I have said, it has different purposes like you can also use it for daily transactions and such. And to answer your question, bitcoin is not just, particularly for investors. It's up to us on how we see bitcoin works the best.
sr. member
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October 14, 2020, 09:46:07 AM
#27
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?

You can do whatever you want to your bitcoin for sure, you can use it in investment, trading, transactions, etc.

I think I can agree that bitcoin is mainly best when it comes to investment compared to other things that you could do in it, the volatility of bitcoin is I think a big factor that is why you could easily make a profit in the long or short term investment in bitcoin, also the demand and community in bitcoin is already solid so bitcoin is always going to have its value.

When it comes to transactions bitcoin is also useful since you could send currency anywhere but still needs a bit of improvement because we experience some issues when it comes to speeds etc. Bitcoin as a currency, for now, I don't think it's reliable compared to fiat money as the value is always going up and down, someone who accepts payment in bitcoin is taking a big risk in it. So I think bitcoin is the best for investment use.
full member
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October 14, 2020, 08:37:43 AM
#26
Bitcoin for anyone, not only for investors as an investment asset. Today bitcoin is not only a digital currency but can a means of payment just like conventional currencies. The difference is that Bitcoin has no physical form.
Even business people and ordinary people use bitcoin as an alternative option for online payments.
full member
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October 14, 2020, 08:33:35 AM
#25
Bitcoin without doubt is for both(investment, trade, buy and sell online) and should be accord the respect. Bitcoin wasn't meant for investment only but both traders(cryptocurrencies) online merchants among others, though many had this same idea that Bitcoin is use for investment only but that's not true. For investment, this tool or currency is the best for anyone becasue it has the ability to make double gains from a single investment packages with good prospect.
legendary
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October 14, 2020, 08:19:40 AM
#24
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?
Bitcoin can be many things, and whichever use people find for it is fine. The most common uses nowadays are investment, trading, store of value (not to profit as much as to preserve the wealth one already has) and money. I'd love Bitcoin to be money more, but it's difficult to use it directly because almost nobody accepts it. BTC volatility, by the way, does not seem to be a big obstacle on its way to be recognized as money, I believe. At least, it's the case for now when the price can be fixed in fiat with a person paying with BTC according to the current exchange rate. The fees, however, are sometimes a significant problem. The most realistic solution would be to accept zero confirmation transactions (it was discussed here). So no, Bitcoin's not for investors only.
hero member
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October 14, 2020, 08:18:07 AM
#23
Bitcoin is not just for investors alone. Some people choose bitcoin as  their investment, where they can buy coins and sell coins to make profit at the end of the transaction. While some choose bitcoin as a platform where they can have more knowledge to use to differentiate bitcoin with other cryptocurrencies and for them to be identify as a bitcoin users not for investment alone.
Some just choose bitcoin as a course to study, so that they can  impact all new users and,how to relate with bitcoin to get a good rank from the forum.


It can be used by investors, traders, merchants for their business, people for transferring money etc. So it shows us that it can be used by anyone and not just restricted to investors. But majorly people use it as a investment as it is one of the most profitable returns over the years and all have witnessed that 2017 bull run.


Bitcoin was for all means of purposes that a person may use wherever he/she wants. It may not solely used for trading or for investment but some of us here uses bitcoin as a mode of payment in their transaction via online. Well i guess the means of being convenient of bitcoin in payment system was best fit for all. Aside from it the mere fact that having a 1 bitcoin token if ever converted to fiat may valued much and can be used in such many transactions and can buy much goods than using a fiat.
full member
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October 14, 2020, 08:05:17 AM
#22
Bitcoin is not just for investors alone. Some people choose bitcoin as  their investment, where they can buy coins and sell coins to make profit at the end of the transaction. While some choose bitcoin as a platform where they can have more knowledge to use to differentiate bitcoin with other cryptocurrencies and for them to be identify as a bitcoin users not for investment alone.
Some just choose bitcoin as a course to study, so that they can  impact all new users and,how to relate with bitcoin to get a good rank from the forum.


It can be used by investors, traders, merchants for their business, people for transferring money etc. So it shows us that it can be used by anyone and not just restricted to investors. But majorly people use it as a investment as it is one of the most profitable returns over the years and all have witnessed that 2017 bull run.
hero member
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October 14, 2020, 07:53:17 AM
#21
Bitcoin is for all. Not only for investors, for all the people worldwide that need the feature of bitcoin. We often see bitcoin is for the investor because bitcoin's price movement is convincing to investors. Most likely, the first you can encourage to use bitcoin is the investor because they know that they can earn from this bitcoin's price movement. But the reality, bitcoin, is for everyone. As long as you understand how it works, you can use it as a payment method, receiving payments to others, and many more.
sr. member
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October 14, 2020, 07:24:54 AM
#20
Ofcourse it is not limited to the investors. An invididual may freely use Bitcoin as how he likes to because he acquired it. People may use Bitcoin on transactions or in daily basis but the problem is its adaptation from different countries. There are only few countries wherein Bitcoin and other cryptos are widely accepted which means Bitcoin is being used more of an investment not because they only want to do so, but because they have no ither choice to make use of such technology. The problem why it is being limited to investment purposes is because of its scope as a digital currency.
hero member
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October 14, 2020, 07:16:53 AM
#19
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?

Bitcoin is for everyone who want to use it. but of course, they need to know how to use it first. In short, they need to know about the basic to be able to get to the market and learn themselves how BTC trades actually works. They need to sacrifice their time and effort for this thing so that they can use it whenever they want. they don't need to be investors to use it. they just need to become knowledgeable on how to use BTC.
hero member
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October 14, 2020, 07:12:22 AM
#18
The majority of it is being used by investors/traders right now so it's actually not unexpected for most people to see it as being mainly used for such. It's called cryptoCURRENCY for a reason. It's main purpose was to create a system that's basically transparent on how you spend or receive money through wallets, keyword "SPEND". Simply saying, Bitcoin can be used just like normal fiat, as long as stores accept them, but due to the adoption of it being at a minimal level right now, you don't see such opportunities that often. Remember that Bitcoin is a currency at it's core.
legendary
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October 14, 2020, 06:48:51 AM
#17
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?
For me personally it is investment opportunity but also how I play my casino games without using fiat.  
If you want to ask what percent of people buy BITCOIN for investment only-  I am guessing more than half of people do this.  
Most people are not buying Bitcoin to use for making online purchases to its for either they want to gamble it or hope it goes up in price long term investing in it.
sr. member
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October 14, 2020, 06:43:47 AM
#16
Personally as a trader I used bitcoin for peer-to-peer transaction my preference is based on the fact that I want anonymous and private means of transaction while avoiding the usual mandatory KYC demand from Skrill, paypals etc although some people utilizes bitcoin for investment purposes invariably for profit making others use it as a store of value thus providing a range of uses for any individuals depending on what purpose the user wants to use it for.
hero member
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October 14, 2020, 06:20:09 AM
#15
Actually, no. Depending on your usage bitcoin can be useful for you. Due to the privacy bitcoin gives you, if you are looking for an anonymous payment method bitcoin can be really useful for you. But generally, regarding to the trades, if you ask me I would say since bitcoin market is still too young and there are many emotional price movements on it. So, this can't be safe for short-term traders. In other hand long investors will usually take a good profits by holding it.
legendary
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October 14, 2020, 05:44:59 AM
#14
Today, the biggest supporters of bitcoin are young people. They are the ones who see Bitcoin as a source of future profit. A generation of millennials is becoming true Bitcoin adopters. The one who really understands the full value of bitcoin and is, as a rule, a real investor.

If we talk about the difference between investing and trading, then we can say that long-term investors receive stable and high returns.  Namely, the one who knows how to wait and endure. Today, investments in bitcoin are made not only by ordinary citizens but also by large corporations. This is a positive factor that speaks about the development of the cryptocurrency industry.

Therefore, I see bitcoin more than a vehicle for investment. I understand very well that what I invest in is my money. From this, you need to really weigh your capabilities and not forget about all the risks.
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October 14, 2020, 05:33:22 AM
#13
Bitcoin is not just for investors alone. Some people choose bitcoin as  their investment, where they can buy coins and sell coins to make profit at the end of the transaction. While some choose bitcoin as a platform where they can have more knowledge to use to differentiate bitcoin with other cryptocurrencies and for them to be identify as a bitcoin users not for investment alone.
Some just choose bitcoin as a course to study, so that they can  impact all new users and,how to relate with bitcoin to get a good rank from the forum.
hero member
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October 14, 2020, 05:16:20 AM
#12
No, I don't think bitcoin is only for investors, even if the price still volatile.
You can use bitcoin, and every people can use bitcoin because bitcoin is not just for some people who have a lot of money.
Every investment will have the risk that we must realize and know how to minimize the risk. Even for the investor, they need to face those risks too.
But as long as you know how to reduce the risk, you will not have worried because no matter what it is, the risk will always be there.
If the price changes every minute, that is because many people want to buy bitcoin and sell it again to make a profit.

You can do that too if you want, but before you do that, it is better to learn how to analyze the bitcoin price movement to buy at a low price or downtrend.
You can hold it for some time after you bought bitcoin, and if you can buy bitcoin at a low price, you can calm until the time to sell your bitcoin comes.
hero member
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October 14, 2020, 04:49:41 AM
#11
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?
Technically, we can call ourselves all investors in bitcoin, so I don't get your point here. Maybe there could be whales or average joe, so it's for everyone and it's really up to you whether what you want to do with your bitcoin. Others trade, or just HODL on their wallet and sell in the future to make profits. The thing is that there is no central authority, so everyone has the freedom.
legendary
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October 14, 2020, 04:47:55 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.
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October 14, 2020, 04:35:24 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.
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October 14, 2020, 04:34:38 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
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October 14, 2020, 03:54:18 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
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October 14, 2020, 03:45:23 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.
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October 14, 2020, 03:33:13 AM
#5
Bitcoin may serve as a good investment tool, but it wasn't made for investors only.
mk4
legendary
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October 14, 2020, 02:50:27 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
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October 14, 2020, 02:47:11 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
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October 14, 2020, 02:17:57 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
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October 14, 2020, 02:11:08 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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