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Topic: Time to stop using Bitcoin as a form of investment and start using it as payment - page 6. (Read 749 times)

full member
Activity: 896
Merit: 104
The Standard Protocol - Solving Inflation
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)

I know you are right. Bitcoin was not only created for investment but also for payments and for making simple transactions. However, this will still take some time to effect. So many people have bitcoins that they want to use for payment for goods and services but do not see those that will accept bitcoin as a means of payment. This shows that not so many people accept bitcoin as a means of payment for their goods and services.
For people to start using bitcoin as a means of payment, then there must be people to receive them. Although, some major online shopping sites accept bitcoin accept bitcoin,  it still cannot provide services which should be paid with bitcoins.
newbie
Activity: 48
Merit: 0
From the day Bitcoin was created, some people used it as a payment, but once price start to grow, people see it as investment. Real BTC user are like 5% of all people in BTC, rest is investors. I use to use it, but now I don't see point to spend it.
hero member
Activity: 900
Merit: 503

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.

In fact, fiat money is also an object of speculation, especially in countries with struggling economy that are unable to stabilize their currency.
When war started in my country 4 years ago our currency lost more than 300% of its value.
I can only guess the scale of manipulations that took place when this process started.
What I mean is that cryptocurrencies are still young and are prone to all the "growing pains" of a relatively new technology.
legendary
Activity: 1652
Merit: 1000
just like other people here that me personally want to see too bitcoin can use as payment but currently merchant stores still avoid bitcoin because high of volatility and regulation issue and to makes bitcoin as global payment is not an easy task even it took plenty of steps to reach to that achievement
newbie
Activity: 43
Merit: 0
I also think that it is time to make Bitcoin a single cryptocurrency. And what would the others have realized that for him the future
newbie
Activity: 149
Merit: 0
I think it's hard right now to see bitcoin as a payment and started using it at as a payment, this will only happen if the price of bitcoin becomes stable and stops fluctuating, but this will never happen since bitcoin is created as decentralized and the volatility of its price is continuous.
full member
Activity: 479
Merit: 100
Enter the future of gaming
Shifting from fiat to btc is still pretty difficult due to bitcoin's high volatility. It's easier for companies providing IT solutions to switch to crypto as their product is usually not physical and doesn't depend on a fiat-based production chain much.
newbie
Activity: 149
Merit: 0
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)
Yes this could be another way of doing things while the price is at downtrend. but this doesnt mean that bitcoin as an investment doesnt have a hope i know that the price will recover soon and when the time comes people will appreciate bitcoin more.
sr. member
Activity: 742
Merit: 253
currently cryptocurrency is believed to be an investment because it is not possible to make it as payment, fluctuating prices can saturate every second, minute, hour, when the price is very cheap I am sure you do not want to lose BTC more, the statement is certainly all related to the price decline, Behind it all a lot of greedy people trying to control the price of buying more at a fairly cheap price and selling back at a fairly high price, we are all fed up with the greed that is going on.
newbie
Activity: 42
Merit: 0
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)
There are many projects now allowed to let bitcoin to be a payment. You can check solve.care project. https://www.facebook.com/SolveCareFoundation/ This one is a healthcare administration and payments on blockchains which is very interesting and high potential.
Also, did you hear about bitcoins used in Russia for making hotel payments for tourists. https://btcmanager.com/bitcoins-promise-of-global-currency-to-be-tested-at-fifa-world-cup-in-june-2018/
Or even, people can bet World Cup by bitcoins on Betcoin.com https://btcmanager.com/betting-on-the-world-cup-with-bitcoin-on-betcoin-com/
Bitcoins is down in price. But cannot deny that its use is spreading nowadays.  Smiley
sr. member
Activity: 434
Merit: 250
I'm not comfortable with this opinion I'm always love to see in the view of  investment. I don't like to use bitcoin as a payment.
newbie
Activity: 75
Merit: 0
I read that shops/stores sell Bitcoin immediately and get cash because of fear of price change.

Bitcoin would be $400 if it is used as payments worldwide.


Yes,It will happen and i think it will under 10$.So investment is best option for bitcoin.
legendary
Activity: 3024
Merit: 2148
I think there's some vicious cycle when people don't want to use Bitcoin as currency because it's volatile, and it stays volatile because it's being adopted so slowly. But there are more obstacles that prevent mass adoption than just volatility, and more causes of volatility than simple lack of adoption, so we shouldn't necessarily force adoption at any cost. Adoption should happen naturally, it should be driven by some strong advantages over existing payment methods for average users, only then adoption will be sustainable.
hero member
Activity: 714
Merit: 500
IF YOU Enjoy Trade with ME ..PUT Feedback Please
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)
That would be impossible to occurs anytime soon because most of bitcoin community see crypto world as real time investment to increase profit chances over 10x per one year . so none of us will find work which pay 10 X of total assets per year . Simply mission impossible . anyway i like bitcoin as its .
member
Activity: 420
Merit: 24
We have FIAT to do those things which is stable in price. Why buy btc and just use it for payments? We do have credit cards and debit cards for our daily transactions. There's no need to use btc as of the moment as a currency due to its volatility in value. Most of us invested in btc because of that main goal to make it as an investment vehicle for us to profit. I'd be a hypocrite if I would say that I'm buying bitcoin mainly for the purpose of making it as a currency. Each and everyone of us do have our own point of view regarding bitcoin whether we use it mainly as a currency or a store of value. At this moment in time, BTC is best only as a store of value and I think it will never be used as a currency due to its volatility.
legendary
Activity: 3346
Merit: 1914
Shuffle.com
I read that shops/stores sell Bitcoin immediately and get cash because of fear of price change.

Bitcoin would be $400 if it is used as payments worldwide.

Most websites that I spend my Bitcoin on always does this and it's not a bad move if they want to make money. Holding it is only an option. How would it go $400 if it's going to be used worldwide shouldn't the price go up or get stable as more people use it because of the demand that it gives and combine that with the limied supply of BTC.
member
Activity: 311
Merit: 10
It is the main reason and the vision and mission of bitcoin for me, to be use as a payment method to all transactions and makes everyone feel the convenience.
legendary
Activity: 2114
Merit: 1293
There is trouble abrewing
you can't force the adoption though.
we all want it to happen, we want to see the sign saying "Bitcoin is accepted here" everywhere whenever we go out for a walk or for shopping,... but it can not happen in a short time and 9 years for a revolution as big as bitcoin from hundreds of years of centralized money to decentralized money is not enough.
the good news is that it IS happening and while it is happening the price will have rollercoster ups and downs like this which WILL attract investors.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
You have made a good point here and you know what, people are already aware of what BTC is. They know that it was meant to be used for payments but what would you do when you will have to pay $10 extra for a transaction of worth $100 . That doesn't happen in real life right. Considering the issues bitcoin still has , it is really tough for people to use BTC as a payment method. Micro payments will be possible through lightning network though but people say it will turn out to be a centralized process. Until then I guess people will be using as an asset only.
hero member
Activity: 1246
Merit: 529
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Probably the reason why people are not using bitcoin as payment because of its volatility. If you buy a shoes worth .01 btc or roughly $60 and tomorrow that .01 btc will be worth $80 so that you just paid $20 over the price of that shoes. So that won't really mean good for you. So i think bitcoin being so volatile makes people not want to use it as payment.

That can happen to you either when you buy some shoes or when you sell bitcoin, I don't see the difference. Besides, the price can go in one direction or in the other. It doesn't seem a good reason not to use bitcoin as a means of payment. The only one who could lose money is the seller, but for that there are the payment processors that allow users to pay with bitcoin and sellers to receive fiat money in their bank accounts.

That's happening already though fewer since bitcoin transactions are pretty much in an early stage still. Though because of how it's value moves up and down, people will always consider it as an asset.
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