Topic: Time to stop using Bitcoin as a form of investment and start using it as payment - page 2. (Read 749 times)
July 15, 2018, 02:27:23 AM
I understand your point, it is just that, Bitcoin doesn't need to be use just as one sole purpose. If we can use it as both, we should be able to maximize it and use it as both not just only as currency or only just as asset for investment. One of the things that makes Bitcoin awesome and great are the things that we can do with it, its multi purpose. Hence, adding more reasons why we love it.
July 15, 2018, 02:19:01 AM
Listen to me.
Look I know we are a free community, but come on don't you think the price has become so volatile during the past few months just because people started using it as a form of investment. I've seen people buy in low, in hopes of selling it at high, and that's basically pump and dump.
Bitcoin wasn't created to make us rich over night but was created so we could have control over our money and not the bankers. It was created so we could be free, so there won't be any borders telling us we are different from them so we can't trade with them. To be united, but all I see are people only talking about how much profit they've made, not about how it can help people that don't have access to banks(they do but it's a minority).
We live in a society where we take everything for granted, just like we've taken Bitcoin for granted. We don't deserve it. The ones that deserve it don't have access to it.
At the end of the day we become savages and only think about the profit not the good that it can do for us, instead of making us rich.
Yes, I was introduced to it because of the investment, but I was a fool at that time, I couldn't see the bigger picture.
We are a community created for the people, by the people.
(P.S. If you don't see Bitcoin as investment, then be proud of it, and hope it can help us be united, for it's all that we have left against them)
Well said, but the fact that using bitcoin as a means of payment is hampered by regulations from different countries across the world, and subject to approval by the world financial institutions like IMF, World bank etc, and btc price fluctuations I.e unstable, highly volatile is another major setback in achieving the desire result of using it as a means of payment. Look I know we are a free community, but come on don't you think the price has become so volatile during the past few months just because people started using it as a form of investment. I've seen people buy in low, in hopes of selling it at high, and that's basically pump and dump.
Bitcoin wasn't created to make us rich over night but was created so we could have control over our money and not the bankers. It was created so we could be free, so there won't be any borders telling us we are different from them so we can't trade with them. To be united, but all I see are people only talking about how much profit they've made, not about how it can help people that don't have access to banks(they do but it's a minority).
We live in a society where we take everything for granted, just like we've taken Bitcoin for granted. We don't deserve it. The ones that deserve it don't have access to it.
At the end of the day we become savages and only think about the profit not the good that it can do for us, instead of making us rich.
Yes, I was introduced to it because of the investment, but I was a fool at that time, I couldn't see the bigger picture.
We are a community created for the people, by the people.
(P.S. If you don't see Bitcoin as investment, then be proud of it, and hope it can help us be united, for it's all that we have left against them)
July 12, 2018, 06:49:59 AM
I have seen people buy low, hoping to sell it at a high level. But all I see is that people only talk about how much they earn, not how it can help people with no access to the bank. At the end of the day, we become barbarians and just thinking about profit is not good that it can do for us, rather than make us rich. So you can do both. You can use bitcoin as a currency but also have it as an investment.
July 10, 2018, 08:13:40 AM
As of now that bitcoin has a lower price I don't think it is better to be as a payment especially not all governments are accepting bitcoin so it not all countries will use it as a payment and it is unfair for some people who are using bitcoin eventhough it is not acceptable in their country so we must should let businessmen invest more and more and let people recognize it first before implementing it right away.
I agree with you about doing some shopping or something else using Bitcoin. It can be as a payment in a few years but not now. People are not ready for that
July 05, 2018, 12:01:20 PM
Not everyone who buys bitcoin thinks of doing HODL and pumping, a lot of people buy bitcoin for them to spend in cyberspace. Like gold lovers, not all gold buyers make an investment to make a profit. They also buy so they can enjoy their beauty, even some of them are willing to lose a lot of money even though they have to buy at a high price.
You don't have to compare gold to bitcoin in this situation. People usually buy gold items, for example necklaces not only for beauty but because of it's very stable price. You have accecories which can turn into money in pawnshop if you are in a hurry, at least in my country a lot of people really own gold items for that reason.And now what's about bitcoin, it's used for investment because it's easy to rise price or manipulate, you can see how coinmarketcup affected it's price in minutes, how china's one word affected it and there are a lot of examples. In reality bitcoin is payment way, anonymous and accessible for anyone. It's also great wallet too, you can own as much money as possible in one flash drive, create cold storage... There is a lot of things I can talk...
But bicoin is used for investment because of it's money making benefit, we can compare it to aids which are used by sportsmen because of it's benefits for them.
July 05, 2018, 11:46:58 AM
People's thoughts about Bitcoin are very diverse and whoever is can right, you see Bitcoin as a system or technology that people can use and can be useful. but most people see Bitcoin as a valuable asset and some even say as a Digital currency that can replace paper currency. I personally see Bitcoin as an Asset that someday people will need, but what you say is "really stupid if I make bitcoin as an asset".
for a layman like me, all this is very confusing, either who is right. but if we look at the function of Bitcoin, we can infer ourselves, what bitcoin would be!
Bitcoin is a technology Blockchain, Blockchain system has a very strong defense called decentralization which means, the right of all use he set by its own users.
the way the Blockchain System works is a chain, in every chain cover each other and strengthen so as not to be stolen by others. or we can describe as metamorphosis, meaning that every bitcoin block will develop and update itself and change the system code so it can not be stolen. I forgot the system is using Bit (maybe others can add it).
Bitcoin is currently used for transactions that replace paper currency and not through third intermediaries.
because the price is very volatile, it is used by some people to gain profit only. many are profitable and many are also losses, from here created bitcoin as a short-term asset and long-term assets.
from the above sentence string, you can all conclude what bitcoin will be, please!
for a layman like me, all this is very confusing, either who is right. but if we look at the function of Bitcoin, we can infer ourselves, what bitcoin would be!
Bitcoin is a technology Blockchain, Blockchain system has a very strong defense called decentralization which means, the right of all use he set by its own users.
the way the Blockchain System works is a chain, in every chain cover each other and strengthen so as not to be stolen by others. or we can describe as metamorphosis, meaning that every bitcoin block will develop and update itself and change the system code so it can not be stolen. I forgot the system is using Bit (maybe others can add it).
Bitcoin is currently used for transactions that replace paper currency and not through third intermediaries.
because the price is very volatile, it is used by some people to gain profit only. many are profitable and many are also losses, from here created bitcoin as a short-term asset and long-term assets.
from the above sentence string, you can all conclude what bitcoin will be, please!
July 05, 2018, 11:21:43 AM
I absolutely agree with the fact that bitcoin does not need to be used so massively as a means of investment, that is, as a means of accumulating value. It needs to be used more as virtual money, as a means of payment. Otherwise, if it continues to be used as a means for long-term retention, it will rise in price, however, after that, a panic is also very likely, after which it can very low fall in price. For the crypto currency, this will be a serious blow, which will be much more serious than the current fall. This can be repeated many times, until bitcoin ceases to be used primarily for retention purposes of making a profit.
July 05, 2018, 12:10:38 AM
i dont think its the right time to use bitcoin as payment since it is still volatile. needs to be stable enough to be a viable form of payment,
If you want the price to become stable then we need to stop using as bump and dump coin or else the price will be volatile forever.I know still the bitcoin is not yet ready for payment because harldy ever we can find a shop who accept bitcoin as payment but what we can do is start holding them instead of buying and selling it will leads to the price will be more stable. July 05, 2018, 12:10:01 AM
Not everyone who buys bitcoin thinks of doing HODL and pumping, a lot of people buy bitcoin for them to spend in cyberspace. Like gold lovers, not all gold buyers make an investment to make a profit. They also buy so they can enjoy their beauty, even some of them are willing to lose a lot of money even though they have to buy at a high price.
July 05, 2018, 12:09:02 AM
So the current bitcoin market is just for speculation, and if we want the community to grow, we have to let bitcoin be used by more people and more businesses to use bitcoin, only in this way the entire encrypted community is likely to go on.
July 05, 2018, 12:05:57 AM
I don’t think I can do that right now. There’s not that many establishment that accepts bitcoin as payment as of the moment. But I would like to see that happen at the soonest possible time.
July 04, 2018, 11:57:51 PM
Listen to me.
Look I know we are a free community, but come on don't you think the price has become so volatile during the past few months just because people started using it as a form of investment. I've seen people buy in low, in hopes of selling it at high, and that's basically pump and dump.
Bitcoin wasn't created to make us rich over night but was created so we could have control over our money and not the bankers. It was created so we could be free, so there won't be any borders telling us we are different from them so we can't trade with them. To be united, but all I see are people only talking about how much profit they've made, not about how it can help people that don't have access to banks(they do but it's a minority).
We live in a society where we take everything for granted, just like we've taken Bitcoin for granted. We don't deserve it. The ones that deserve it don't have access to it.
At the end of the day we become savages and only think about the profit not the good that it can do for us, instead of making us rich.
Yes, I was introduced to it because of the investment, but I was a fool at that time, I couldn't see the bigger picture.
We are a community created for the people, by the people.
(P.S. If you don't see Bitcoin as investment, then be proud of it, and hope it can help us be united, for it's all that we have left against them)
But remember also that bitcoin also design as an asset or an investment perhaps there are only a little of numbers of merchants that accepted bitcoin as a form of payment, a large volume of bitcoin circulated is in exchange. Look I know we are a free community, but come on don't you think the price has become so volatile during the past few months just because people started using it as a form of investment. I've seen people buy in low, in hopes of selling it at high, and that's basically pump and dump.
Bitcoin wasn't created to make us rich over night but was created so we could have control over our money and not the bankers. It was created so we could be free, so there won't be any borders telling us we are different from them so we can't trade with them. To be united, but all I see are people only talking about how much profit they've made, not about how it can help people that don't have access to banks(they do but it's a minority).
We live in a society where we take everything for granted, just like we've taken Bitcoin for granted. We don't deserve it. The ones that deserve it don't have access to it.
At the end of the day we become savages and only think about the profit not the good that it can do for us, instead of making us rich.
Yes, I was introduced to it because of the investment, but I was a fool at that time, I couldn't see the bigger picture.
We are a community created for the people, by the people.
(P.S. If you don't see Bitcoin as investment, then be proud of it, and hope it can help us be united, for it's all that we have left against them)
July 04, 2018, 11:37:58 PM
Easy for you to say to use bitcoin as a currency, what if you love in a country wherein they do not have or offer bitcoin as a payment how would you use it as a currency in the first place. Its a case to case basis thats why more people prefer to use bitcoin now as an investment because they cant use it yet.
July 04, 2018, 11:30:50 PM
Just have patience and the time will come where people using it as a mode of payment and not form of investment because the price of bitcoin right now is pretty low which is the reason there are people who are not using it for their payment because they don't want to lose bitcoin and potential to earn more money by just holding.
the price of bitcoin can still adjust to the price of usd , that simply means you arent loosing anything but you can loose if you use your bitcoin in a form of asset because the value can somehow drop if ever you but and invest bitcoin starting from a high or mid price though , there is still a chance that you can recover it and possibly make a profit as long as you have a patience to wait.
in my own honest opinion , i think bitcoin is only suitable as an investment and not a currency because the transaction works verry slow plus it also cost more in terms of tansaction fees.
July 04, 2018, 11:21:53 PM
Listen to me.
Look I know we are a free community, but come on don't you think the price has become so volatile during the past few months just because people started using it as a form of investment. I've seen people buy in low, in hopes of selling it at high, and that's basically pump and dump.
Bitcoin wasn't created to make us rich over night but was created so we could have control over our money and not the bankers. It was created so we could be free, so there won't be any borders telling us we are different from them so we can't trade with them. To be united, but all I see are people only talking about how much profit they've made, not about how it can help people that don't have access to banks(they do but it's a minority).
We live in a society where we take everything for granted, just like we've taken Bitcoin for granted. We don't deserve it. The ones that deserve it don't have access to it.
At the end of the day we become savages and only think about the profit not the good that it can do for us, instead of making us rich.
Yes, I was introduced to it because of the investment, but I was a fool at that time, I couldn't see the bigger picture.
We are a community created for the people, by the people.
(P.S. If you don't see Bitcoin as investment, then be proud of it, and hope it can help us be united, for it's all that we have left against them)
Look I know we are a free community, but come on don't you think the price has become so volatile during the past few months just because people started using it as a form of investment. I've seen people buy in low, in hopes of selling it at high, and that's basically pump and dump.
Bitcoin wasn't created to make us rich over night but was created so we could have control over our money and not the bankers. It was created so we could be free, so there won't be any borders telling us we are different from them so we can't trade with them. To be united, but all I see are people only talking about how much profit they've made, not about how it can help people that don't have access to banks(they do but it's a minority).
We live in a society where we take everything for granted, just like we've taken Bitcoin for granted. We don't deserve it. The ones that deserve it don't have access to it.
At the end of the day we become savages and only think about the profit not the good that it can do for us, instead of making us rich.
Yes, I was introduced to it because of the investment, but I was a fool at that time, I couldn't see the bigger picture.
We are a community created for the people, by the people.
(P.S. If you don't see Bitcoin as investment, then be proud of it, and hope it can help us be united, for it's all that we have left against them)
This process is already underway, although it may not be as active as we would like. I would also like to see the bitcoin mission as using as a method of payment for all transactions and freedom from state control. But while many people have a thirst for short-term profit prevails.
July 04, 2018, 11:05:44 PM
Just have patience and the time will come where people using it as a mode of payment and not form of investment because the price of bitcoin right now is pretty low which is the reason there are people who are not using it for their payment because they don't want to lose bitcoin and potential to earn more money by just holding.
July 04, 2018, 10:16:23 PM
Listen to me.
Look I know we are a free community, but come on don't you think the price has become so volatile during the past few months just because people started using it as a form of investment. I've seen people buy in low, in hopes of selling it at high, and that's basically pump and dump.
Bitcoin wasn't created to make us rich over night but was created so we could have control over our money and not the bankers. It was created so we could be free, so there won't be any borders telling us we are different from them so we can't trade with them. To be united, but all I see are people only talking about how much profit they've made, not about how it can help people that don't have access to banks(they do but it's a minority).
We live in a society where we take everything for granted, just like we've taken Bitcoin for granted. We don't deserve it. The ones that deserve it don't have access to it.
At the end of the day we become savages and only think about the profit not the good that it can do for us, instead of making us rich.
Yes, I was introduced to it because of the investment, but I was a fool at that time, I couldn't see the bigger picture.
We are a community created for the people, by the people.
(P.S. If you don't see Bitcoin as investment, then be proud of it, and hope it can help us be united, for it's all that we have left against them)
Look I know we are a free community, but come on don't you think the price has become so volatile during the past few months just because people started using it as a form of investment. I've seen people buy in low, in hopes of selling it at high, and that's basically pump and dump.
Bitcoin wasn't created to make us rich over night but was created so we could have control over our money and not the bankers. It was created so we could be free, so there won't be any borders telling us we are different from them so we can't trade with them. To be united, but all I see are people only talking about how much profit they've made, not about how it can help people that don't have access to banks(they do but it's a minority).
We live in a society where we take everything for granted, just like we've taken Bitcoin for granted. We don't deserve it. The ones that deserve it don't have access to it.
At the end of the day we become savages and only think about the profit not the good that it can do for us, instead of making us rich.
Yes, I was introduced to it because of the investment, but I was a fool at that time, I couldn't see the bigger picture.
We are a community created for the people, by the people.
(P.S. If you don't see Bitcoin as investment, then be proud of it, and hope it can help us be united, for it's all that we have left against them)
But bitcoin price is very expensive on the market, peoples use it for investment.
it will be great if bitcoin used as currency to pay something than used as an investment to hold.
But first, the volatility of bitcoin is the obstacle to become a firm currency.
July 04, 2018, 03:16:31 PM
I always prefered to use Bitcoins as a payment and currency and somehow I beleive that is its main purpose. Alternative currency and payment method confronted to conservative fiat currencies.
To use it as an investment was my second choice but I guess this depends on individual preferences and goals.
But I beleive Bitcoin was made with concrete and active purpose and that is payment.
Although, we all know the fact that that is the main purpose of bitcoin but we cannot deny the fact that most of us here are earning because of many investors, because of them the value is pumping and in that way we are earning a lot, of course I also like to use this just like a cash do but we cannot blame people who are doing that way. To use it as an investment was my second choice but I guess this depends on individual preferences and goals.
But I beleive Bitcoin was made with concrete and active purpose and that is payment.
July 04, 2018, 03:15:45 PM
lack of adoption making mainstream forced to sell their Bitcoins to FIAT first before they able to use it. The fact is currently, BItcoin is profit driven assets. Mainstream main usage of Bitcoin as an assets to generate income due to its volatility. It does not because they didn't want to, but they platform and merchant that accept Bitcoin for every need is lacking.
July 04, 2018, 03:14:13 PM
Bitcoin IS amazing as a currency/payment method. The possibility and emergence of decentralized online marketplaces proved that point for me. Nowadays you can buy or sell everything freely, p2p, anonymously and safe on platform like OpenBazaar (https://openbazaar.org/), which allow global trade of goods and services with no middleman or fees. Personally, I prefer shopping there lately to both amazon&ebay, because of the convenience, ease, security, lack of censorship and simply for the sake of free trade and crypto evolution. This reflects my personal stance on this matter, unlike ebay\amazon\etc user policies and practices.
Those who think of bitcoin only as a mean of investment, are missing the whole picture, IMO.
Those who think of bitcoin only as a mean of investment, are missing the whole picture, IMO.
Jump to: