Topic: What are the official uses of bitcoin other then trading? (Read 753 times)
Aside from using bitcoin for trading, many people used bitcoin for their daily expenses, example are payment for their utilities bills, groceries etc. It is much safer to used it than to pay coins and money bills so you can avoid to acquire virus from it. It is easy to used by sending bitcoin to their btc address or scan the QR code.
indeed many people think that bitcoin is only an investment instrument because of its fluctuating price, but on the other hand they don't realize that lately bitcoin is also often used as a transaction tool and payment method.
so in my opinion bitcoin can be used for anything depending on the needs of each of us.
Bitcoin can be used for all kinds of transactions at several merchants that accept bitcoin payments and can make P2P transactions without the need for a third party. There are several companies that have started accepting payments with bitcoin including Tesla which has recently become a trending topic.so in my opinion bitcoin can be used for anything depending on the needs of each of us.
The use of bitcoin as a means of payment also depends on the regulations in each country, because the regulations will be different. There are those who allow and many do not allow bitcoin to be used as a legal means of payment.
indeed many people think that bitcoin is only an investment instrument because of its fluctuating price, but on the other hand they don't realize that lately bitcoin is also often used as a transaction tool and payment method.
so in my opinion bitcoin can be used for anything depending on the needs of each of us.
so in my opinion bitcoin can be used for anything depending on the needs of each of us.
These days, bitcoin is being used as an investment or people trade their bitcoin wherein they make real money out of it. Other than being used as a profit making currency, bitcoin can also be used as a mode of payment for some instance and it is usually done between two people who owns bitcoin at the same time. Sooner or later, we will surely witness bitcoin being used as a mode of payment for most of the products we buy if ever it gets legalized globally. Still, we are too far from seeing that happening so it would be best to pile up bitcoins in your wallet as much as possible so that you can make sure that your future will be secured.
at this time bitcoin holders get more profit when trading bitcoin. Apart from trading, bitcoin can also be used as a means of payment, but at this time not all markets or stores accept bitcoin as a means of payment. I see the development of bitcoin every month, I am sure that someday Bitcoin will be accepted as a legal tender in all markets or stores.
I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Trading is not the number thing bitcoin was created for, Satoshi already started in the Whitepaper that bitcoin is a decentralized digital peer to peer currency and its still serving that purpose till date, it's no one's fault that bitcoin started becoming an investment tool over time, since this is a decentralized space, anyone can do what they like with their bitcoin, theres no official use case for bitcoin, it's your coins you can do whatever you want with it, no one is stopping you.I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?
BTC is a digital currency that uses peer-to-peer technology in making transactions such as payments. Well, it was like a cashless system wherein payments are done digitally without 3rd party during the transactions. The reason why most people think when we talk about BTC is trading since most people are involved here and articles related to BTC always talk about its market price and movement. So it's only natural to feel that way but BTC was originally created for a digital payment system. Don't forget that.
In addition to trading bitcoin, it can also be used as a tool for transactions. In fact, in other countries, botcoins can be used as a medium of exchange for fiat.
the use of bitcoin is not for investment, but now it is being developed for real payments. for example Tesla accepts payments using bitcoin, this is one of the real uses of bitcoin that the public accepts. it's just that only a few countries still accept it, not all countries accept bitcoin payments.
That's the beauty of having institutional investors as they are adopting also the system and use it from their service.
Now it's no longer for investment but for real use as well.
We do expect more big names, Tesla and Paypal then there are many more businesses to embrace this system and
use it for their service.
I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
I think not an official use of bitcoin.
It depends on the country and people.
People are what did thinking about bitcoin and how to invest in bitcoin it depends on himself.
Time has changed and Bitcoin users evolve and find something that makes it profitable aside from being just a new form of currency. Though some people are still using Bitcoin as a payment method, some as livelihood, long term investment and anything else that can be possible with Bitcoin.
The OP actually doesn't have to bother to find out many thing that can be done with bitcoin. We have never even been restricted from using bitcoin on the many thing that are supported by its users. For those who do not really believe in the banking system, bitcoin has been the right choice for them. I don't even need to queue in bank room just to send money to someone who want to accept bitcoin as a mean of payment and I can also do it when all the bank employees are resting. If you want financial freedom, bicoin is the choice because it is completely decentralized. 
I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
Time has changed and Bitcoin users evolve and find something that makes it profitable aside from being just a new form of currency. Though some people are still using Bitcoin as a payment method, some as livelihood, long term investment and anything else that can be possible with Bitcoin. I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
Bitcoin becomes scarce between miners and owners. To put it simply, speculative bases dominate today and who will credit the bitcoin mining process? to be sure, such entrenched interests will cause conflict.
And yes, you have the full range of ways to use bitcoins, not necessarily speculating under any circumstances you want to do with them. Shop, gift, give ... it's free to use, it's just how you will use it!
And yes, you have the full range of ways to use bitcoins, not necessarily speculating under any circumstances you want to do with them. Shop, gift, give ... it's free to use, it's just how you will use it!
the use of bitcoin is not for investment, but now it is being developed for real payments. for example Tesla accepts payments using bitcoin, this is one of the real uses of bitcoin that the public accepts. it's just that only a few countries still accept it, not all countries accept bitcoin payments.
That's the beauty of having institutional investors as they are adopting also the system and use it from their service.
Now it's no longer for investment but for real use as well.
We do expect more big names, Tesla and Paypal then there are many more businesses to embrace this system and
use it for their service.
the use of bitcoin is not for investment, but now it is being developed for real payments. for example Tesla accepts payments using bitcoin, this is one of the real uses of bitcoin that the public accepts. it's just that only a few countries still accept it, not all countries accept bitcoin payments.
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Will it only be used for investing/speculation as long as its price is this unstable?
IMO, Bitcoin's primary use is for trading (buying and selling). It's a currency and not stock, even if it's now showing attributes like stock, it is different as it can be used for payment in different online and offline store...and even to buy a tesla car. And even with its unstability, people still use it to buy and sell. This whole speculation thing came along the way. I believe.Well, to me, even though it serves as a speculative asset, I believe that it's core purpose for creation is for transacting. In fact, I think we should honour the pizza day every year (in respect to achievement it has brought us).
I don't think that the number one use of bitcoin is trading, investing is much popular than trading because most of beginners don't even try to trade because that is much riskier than investing a bitcoin, there are other uses of bitcoin aside from investing and trading. We may also use bitcoin for online transactions, online payment, and money transfers. I am also using bitcoin to send money to my relatives, this is only applicable if the one who is going to receive bitcoin knows about it. There are a lot of good things that we may have in bitcoin and the best thing that bitcoin can give to us is income.
One of them is an option to be your salary like the other day I read about it wherein some of the company in the UK if I'm not mistaken, they give you an option to choose whether you want your salary to be full cash or to be BTC. that's one thing I can add to your list and I'm sure there are lots more options out there. Also in our country, you can use it now to buy some goods in the 2 main online stores and they will also accept it from you with the help of our local exchange of course.
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Will it only be used for investing/speculation as long as its price is this unstable?
IMO, Bitcoin's primary use is for trading (buying and selling). It's a currency and not stock, even if it's now showing attributes like stock, it is different as it can be used for payment in different online and offline store...and even to buy a tesla car. And even with its unstability, people still use it to buy and sell. This whole speculation thing came along the way. I believe.Well, to me, even though it serves as a speculative asset, I believe that it's core purpose for creation is for transacting. In fact, I think we should honour the pizza day every year (in respect to achievement it has brought us).
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Will it only be used for investing/speculation as long as its price is this unstable?
IMO, Bitcoin's primary use is for trading (buying and selling). It's a currency and not stock, even if it's now showing attributes like stock, it is different as it can be used for payment in different online and offline store...and even to buy a tesla car. And even with its unstability, people still use it to buy and sell. This whole speculation thing came along the way. I believe.
The purpose of Bitcoin was created by Satoshi Nakamoto to provide another alternative for conducting financial transactions without the need
to go through Banks. But the government considers Bitcoin a threat that can replace fiat, even though Bitcoin was not created to replace fiat.
So it would be too much if the government to ban Bitcoin, even though Bitcoin helps human life to be better with blockchain technology.
So the question of the opening post is that Bitcoin is not only used for trading, but it can be used according to its original purpose, namely
as payment. Especially now that the number of merchants who accept Bitcoin payments continues to increase, this is a good thing so that
the Bitcoin adoption process can run fast.
to go through Banks. But the government considers Bitcoin a threat that can replace fiat, even though Bitcoin was not created to replace fiat.
So it would be too much if the government to ban Bitcoin, even though Bitcoin helps human life to be better with blockchain technology.
So the question of the opening post is that Bitcoin is not only used for trading, but it can be used according to its original purpose, namely
as payment. Especially now that the number of merchants who accept Bitcoin payments continues to increase, this is a good thing so that
the Bitcoin adoption process can run fast.
I heard that BTC wasn't intended to be a trading asset but instead to become a currency and being used to replace the existing paper money, although we all know that this vision isn't how bitcoin really turns out to be but I'm sure the official use of it is to be used as a tool of payment. many people said btc is like digital gold but that's not really what btc was meant to be used for right?
it's little by little stray away from its main purpose although some people still use it but struggling to keep up with the fee, I think it's fine the way it is right now.
That is not really how things work, even if that was true and satoshi never intended for bitcoin to be traded the way it is now we must understand that once an invention escapes the hands of its developers it is up to the people to decide what they're going to do with it, the reality is that bitcoin is a fantastic coin to be traded, the fees are small compared to what you need to pay in the stock market, it is a market that is always open and the volatility of the market is great for traders and investors alike.it's little by little stray away from its main purpose although some people still use it but struggling to keep up with the fee, I think it's fine the way it is right now.
Just like the rest of the inventions that were used to something else instead. Satoshi meant it to be a digital currency but then like the nature of the currency, it could be traded like they do in Foreign Exchange. Just as how we use it to gamble these days, Casinos in crypto don't ask for KYC so its good for gambling.
Many of investors today are using BTC as a store of value, its where their wealth are and protected at least from inflation.
Bitcoin is increasingly moving away from its original purpose and playing a different role.
Until now Bitcoin is seen as the gold of the crypto market, people use bitcoin to make a profit instead of using it as a currency.
Bitcoin is playing a role as an investment until now besides making money from trading. Even though people can use bitcoin for payment, people prefer to save their bitcoin from selling at a high price. If people have a large amount of bitcoin, it will not be a problem to use bitcoin for the payment. Maybe we need to follow the bitcoin journey to know the real use of bitcoin because that will be related to each country's government.Until now Bitcoin is seen as the gold of the crypto market, people use bitcoin to make a profit instead of using it as a currency.
Besides, the fees are too high and the speed is slow, making Bitcoin unsuitable for small transactions.
Other than trading, people labeled Bitcoin as an Investment. It is a form of digital money that could basically be used in anything that we see fit in the digital world. Its versatility can really save any people who studies and earns from it since trading Cryptocurrencies can be a really hard job but the profit that can be gained is much better than having a day job BUT this would only work if you are really decided to earn within this Industry.
We can now also see that Tesla and other platforms integrating Bitcoin within their system to be used as another form of payment so basically imo, Bitcoin could work as either an investment or as another option in transactions.
We can now also see that Tesla and other platforms integrating Bitcoin within their system to be used as another form of payment so basically imo, Bitcoin could work as either an investment or as another option in transactions.
In other words, bitcoin has a lot of uses now.
As more merchants are integrating the btc payment, people have now wider options to use this as a payment method.
However, a lot still prefer to store their coins or accumulate as much as they can, for the hope that one day, they will gain massive profit.
Either way, bitcoin is not only for trading purposes but it evolves to a lot more, greatly influencing the payment sector today.
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Will it only be used for investing/speculation as long as its price is this unstable?
IMO, Bitcoin's primary use is for trading (buying and selling). It's a currency and not stock, even if it's now showing attributes like stock, it is different as it can be used for payment in different online and offline store...and even to buy a tesla car. And even with its unstability, people still use it to buy and sell. This whole speculation thing came along the way. I believe.
Other than trading, people labeled Bitcoin as an Investment. It is a form of digital money that could basically be used in anything that we see fit in the digital world. Its versatility can really save any people who studies and earns from it since trading Cryptocurrencies can be a really hard job but the profit that can be gained is much better than having a day job BUT this would only work if you are really decided to earn within this Industry.
We can now also see that Tesla and other platforms integrating Bitcoin within their system to be used as another form of payment so basically imo, Bitcoin could work as either an investment or as another option in transactions.
We can now also see that Tesla and other platforms integrating Bitcoin within their system to be used as another form of payment so basically imo, Bitcoin could work as either an investment or as another option in transactions.
besides trading, the benefit of bitcoin is to be used as a payment currency, where now many e-commerce sites accept payments other than money. this is very easy and a new innovation for bitcoin in the future apart from trading
I heard that BTC wasn't intended to be a trading asset but instead to become a currency and being used to replace the existing paper money, although we all know that this vision isn't how bitcoin really turns out to be but I'm sure the official use of it is to be used as a tool of payment. many people said btc is like digital gold but that's not really what btc was meant to be used for right?
it's little by little stray away from its main purpose although some people still use it but struggling to keep up with the fee, I think it's fine the way it is right now.
That is not really how things work, even if that was true and satoshi never intended for bitcoin to be traded the way it is now we must understand that once an invention escapes the hands of its developers it is up to the people to decide what they're going to do with it, the reality is that bitcoin is a fantastic coin to be traded, the fees are small compared to what you need to pay in the stock market, it is a market that is always open and the volatility of the market is great for traders and investors alike.it's little by little stray away from its main purpose although some people still use it but struggling to keep up with the fee, I think it's fine the way it is right now.
Just like the rest of the inventions that were used to something else instead. Satoshi meant it to be a digital currency but then like the nature of the currency, it could be traded like they do in Foreign Exchange. Just as how we use it to gamble these days, Casinos in crypto don't ask for KYC so its good for gambling.
Many of investors today are using BTC as a store of value, its where their wealth are and protected at least from inflation.
I heard that BTC wasn't intended to be a trading asset but instead to become a currency and being used to replace the existing paper money, although we all know that this vision isn't how bitcoin really turns out to be but I'm sure the official use of it is to be used as a tool of payment. many people said btc is like digital gold but that's not really what btc was meant to be used for right?
it's little by little stray away from its main purpose although some people still use it but struggling to keep up with the fee, I think it's fine the way it is right now.
That is not really how things work, even if that was true and satoshi never intended for bitcoin to be traded the way it is now we must understand that once an invention escapes the hands of its developers it is up to the people to decide what they're going to do with it, the reality is that bitcoin is a fantastic coin to be traded, the fees are small compared to what you need to pay in the stock market, it is a market that is always open and the volatility of the market is great for traders and investors alike. it's little by little stray away from its main purpose although some people still use it but struggling to keep up with the fee, I think it's fine the way it is right now.
Of course, in addition to its investment value, Bitcoin is seen as a currency, and its characteristics are decentralized and anonymous.
There are many companies that accept bitcoin for payments like Amazon and Tesla, so people can't deny that Bitcoin is still a currency.
There are many companies that accept bitcoin for payments like Amazon and Tesla, so people can't deny that Bitcoin is still a currency.
its nature is like a currency, but legalization of Bitcoin is still not acceptable in most countries so that Bitcoin is still trusted by many users to be used as an investment asset and even used as digital currency trading that can provide benefits. although the main purpose of bitcoin was created not as an investment asset but because its value is valuable so that many people are competing to invest in it in order to benefit from it.
Until now Bitcoin is seen as the gold of the crypto market, people use bitcoin to make a profit instead of using it as a currency.
Bitcoin was created with the aim of being a currency and still serves as a currency.
However, Bitcoin has a huge price change in the short term, so people see BTC as a place for profitable investment. Perhaps in the future bitcoin will act more as a currency for speculation than as a currency for trading.
However, Bitcoin has a huge price change in the short term, so people see BTC as a place for profitable investment. Perhaps in the future bitcoin will act more as a currency for speculation than as a currency for trading.
Some people even think that Bitcoin can be more stable in the future and the risk can go down to very low levels. Then they think it can be used as a currency also. But there is no way for the volatility fading away as it's Bitcoin's nature. So I think Bitcoin will not be the currency of any country in the future.
Bitcoin is like a gold, it can be a store of value, a safe haven to secure you financially in the near future.
It is a modern gold where its price increases in the market, its price is volatile and can't be manipulated easily by other people.
People chose to trade bitcoin because they want to make money with it as soon as possible depending on the market situation.
But some are just holding it because they are 100% loyal and believing on its potential to make reasonable increase in its price in the long run.
- Well, if the price of bitcoin can fall slowly or slowly rise then move in a small range, I can consider it as gold, becoming a store of value but unfortunately, our hearts will not be secure with bitcoin's pulse, instead of being slow and not moving like gold, bitcoin is just trying to speed up and decelerate very quickly to create surprises, storing value with bitcoin is relatively intimidating and risky for this reason. The most optimistic thing is still buying and selling then exchanging for altcoins to get more bitcoinIt is a modern gold where its price increases in the market, its price is volatile and can't be manipulated easily by other people.
People chose to trade bitcoin because they want to make money with it as soon as possible depending on the market situation.
But some are just holding it because they are 100% loyal and believing on its potential to make reasonable increase in its price in the long run.
if they do saw that it something that has some similarities but honestly they are just totally different.There are even people whom do talk about bitcoin replacing gold?Are they serious?
They dont know on what their talking about.They do better just study out some economics or financial subjects for them at least to have some idea on what are the words that theyve been saying.
When it comes to official uses of bitcoin then its clearly on what stated by its creator itself that this is a payment system P2p without any intermediaries.
Will it only be used for investing/speculation as long as its price is this unstable?
Of course not. As you may know, Bitcoin is not only used for investment etc. . You can also use it to buy things in different places which support Bitcoin payment method. And you can even buy a car now as Tesla made an announcement about it some time ago.
Bitcoin is like a gold, it can be a store of value, a safe haven to secure you financially in the near future.
It is a modern gold where its price increases in the market, its price is volatile and can't be manipulated easily by other people.
People chose to trade bitcoin because they want to make money with it as soon as possible depending on the market situation.
But some are just holding it because they are 100% loyal and believing on its potential to make reasonable increase in its price in the long run.
- Well, if the price of bitcoin can fall slowly or slowly rise then move in a small range, I can consider it as gold, becoming a store of value but unfortunately, our hearts will not be secure with bitcoin's pulse, instead of being slow and not moving like gold, bitcoin is just trying to speed up and decelerate very quickly to create surprises, storing value with bitcoin is relatively intimidating and risky for this reason. The most optimistic thing is still buying and selling then exchanging for altcoins to get more bitcoin It is a modern gold where its price increases in the market, its price is volatile and can't be manipulated easily by other people.
People chose to trade bitcoin because they want to make money with it as soon as possible depending on the market situation.
But some are just holding it because they are 100% loyal and believing on its potential to make reasonable increase in its price in the long run.
I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
Today bitcoin demand and supply chain higher than other cryptocurrencies, and the main uses of bitcoin is people are more invested in bitcoin than other cryptocurrencies because bitcoin prices daily high, and now many big companies are invested in bitcoin like Tesla, Amazon...
Of course, in addition to its investment value, Bitcoin is seen as a currency, and its characteristics are decentralized and anonymous.
There are many companies that accept bitcoin for payments like Amazon and Tesla, so people can't deny that Bitcoin is still a currency.
There are many companies that accept bitcoin for payments like Amazon and Tesla, so people can't deny that Bitcoin is still a currency.
its nature is like a currency, but legalization of Bitcoin is still not acceptable in most countries so that Bitcoin is still trusted by many users to be used as an investment asset and even used as digital currency trading that can provide benefits. although the main purpose of bitcoin was created not as an investment asset but because its value is valuable so that many people are competing to invest in it in order to benefit from it.
Of course, you can use BTC not only for trading but also for purchases in Amazon and eBay, for tuition fees at some universities, un Pay Pal and even for buying plane tickets. But we think that the main purpose of BTC is a long term investment.
A lot of people considered bitcoin only for trading and investment purposes, these are the basic introduction that beginners can find upon searching about bitcoin but that is not all about bitcoin, it is also good for online payment, as some other companies are accepting it as a means of payment including the amazon and the Tesla.
I would say that the official use of bitcoin besides trading is a form of currency to buy services and products which is slowly being appreciated with Tesla announcing that you can buy a car from them with bitcoin which is going to be getting some attention from other companies and with VISA getting in the cryptocurrency scene, I think that bitcoin being a mode of currency is the biggest use of bitcoin.
It is a crypto currency so we could use it as one just like Fiat,
The only problem with crypto currency is that we only have small merchant or only few accept it as a payment option,
And most of us don't see it as a currency but an investment tool that is stopping it on being used as one.
The only problem with crypto currency is that we only have small merchant or only few accept it as a payment option,
And most of us don't see it as a currency but an investment tool that is stopping it on being used as one.
It is true that in developed cities like the USA, they have officially used bitcoin as a medium of exchange to be precise as a substitute for fiat.
In some places, you can pay with crypto.
It all depends on the regulations in each country, and in the country where I live, the use of bitcoin is only allowed for assets or investments and also as a store of value such as gold.
and are not allowed to be used as a means of transaction because bitcoin is not a legal means of payment and must be changed to be able to use any transaction.
and for me such regulation is not a problem, the most important thing is I feel grateful because I can still use bitcoin without any strict restrictions.
and are not allowed to be used as a means of transaction because bitcoin is not a legal means of payment and must be changed to be able to use any transaction.
and for me such regulation is not a problem, the most important thing is I feel grateful because I can still use bitcoin without any strict restrictions.
I believe that Bitcoin was supposed to be used as a currency but people saw another way to use it and that is to trade. Satoshi created Bitcoin for us to have a decentralized peer-to-peer payment network but due to its decentralized characteristic people find it suitable for trading or as an asset. Right now Bitcoin has become versatile, it depends on each individual on how they will use their Bitcoin. For me, I mainly use Bitcoin as an asset because I found it very effective especially on long-term investment, but in some cases, I do also use it as a currency to buy some stuff online.
It is true that the main purpose was making people have a completely different currency system than fiat. By this huge new technology, people were going to have the control of their money and no goverment were going to interfere with it. Until a certain point, people were able to use Bitcoin for only investment purposes. But after that, Bitcoin has started being used as a payment method also and people started using it like that too. And I also use Bitcoin for both purposes.
I believe that Bitcoin was supposed to be used as a currency but people saw another way to use it and that is to trade. Satoshi created Bitcoin for us to have a decentralized peer-to-peer payment network but due to its decentralized characteristic people find it suitable for trading or as an asset. Right now Bitcoin has become versatile, it depends on each individual on how they will use their Bitcoin. For me, I mainly use Bitcoin as an asset because I found it very effective especially on long-term investment, but in some cases, I do also use it as a currency to buy some stuff online.
Bitcoin is not only for trading/investment purposes. There are some places around the world that you can pay with Bitcoin when buying something. For example, you can even buy a Tesla now with Bitcoin. 
And as long as the Bitcoin adoption continues, we will be able to use Bitcoin in more places in time.
And as long as the Bitcoin adoption continues, we will be able to use Bitcoin in more places in time. I heard that BTC wasn't intended to be a trading asset but instead to become a currency and being used to replace the existing paper money, although we all know that this vision isn't how bitcoin really turns out to be but I'm sure the official use of it is to be used as a tool of payment. many people said btc is like digital gold but that's not really what btc was meant to be used for right?
it's little by little stray away from its main purpose although some people still use it but struggling to keep up with the fee, I think it's fine the way it is right now.
That was the initial plan but here we are right now and I think that it will come here eventually because if bitcoin was supposed to be currency then it should be traded like Forex. I think that besides trading bitcoin is also a good medium to use for transactions like buying items online although most of the time an escrow is needed to insure safety in the case of scamming and bitcoin is also an asset that you can use to hodl your investment in long-term to make a profit. it's little by little stray away from its main purpose although some people still use it but struggling to keep up with the fee, I think it's fine the way it is right now.
So I can go into a home depot show a qr code on my btc wallet and buy some ? Or is it some obscure online thing?
I don't know why you refuse to read everything written in previous posts? Whether you can buy some lumber at your local store is a matter for your local retailer who accepts or does not accept BTC. What you call obscure (online shopping) is something that generates huge revenues, and I have to admit that almost everything I ever wanted can be bought online and paid with BTC.
Stop being just another troll and open your eyes, and if you think that BTC has failed in something that is important to you - take your bank card and your PIN and pay that way, no one is stopping you.
https://spending-bitcoin.com/
~
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
Only be used?Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
I just recently bought a headphones in my local e-shop with the use of Bitcoin, OP.
Although Bitcoin's being seen as more of an investment, while its aim is for almost an anonymous transaction, the part where it can't be controlled by 3rd parties and authorities will surely make it a lot viable for borderless transaction.
I heard that BTC wasn't intended to be a trading asset but instead to become a currency and being used to replace the existing paper money, although we all know that this vision isn't how bitcoin really turns out to be but I'm sure the official use of it is to be used as a tool of payment. many people said btc is like digital gold but that's not really what btc was meant to be used for right?
it's little by little stray away from its main purpose although some people still use it but struggling to keep up with the fee, I think it's fine the way it is right now.
it's little by little stray away from its main purpose although some people still use it but struggling to keep up with the fee, I think it's fine the way it is right now.
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I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Because a stablecoin backed by BTC will be as volatile as BTC,which means that it will not be a stablecoin.
You can use Bitcoin as a replacement of Western Union,if you want.There's no problem with that.
BTC can be used for gambling/sports betting and buying digital goods and services.I know that most people don't want to spend their BTC,because of the expectations of a higher price in the future,but that doesn't stop them for using BTC for other purposes than crypto trading.
Bitcoin is like a gold, it can be a store of value, a safe haven to secure you financially in the near future.
It is a modern gold where its price increases in the market, its price is volatile and can't be manipulated easily by other people.
People chose to trade bitcoin because they want to make money with it as soon as possible depending on the market situation.
But some are just holding it because they are 100% loyal and believing on its potential to make reasonable increase in its price in the long run.
It is a modern gold where its price increases in the market, its price is volatile and can't be manipulated easily by other people.
People chose to trade bitcoin because they want to make money with it as soon as possible depending on the market situation.
But some are just holding it because they are 100% loyal and believing on its potential to make reasonable increase in its price in the long run.
Bitcoin is permissionless so there is nothing that can be considered an 'official' use. People are free to use it however they like. I use it mostly as a currency and also for savings. It can be a store of value but you can also spend it more easily than something like gold. As time goes by people will find more uses and maybe some will go away due to higher fees. For example microtransactions is one thing it isn't used for anymore, at least not on layer 1.
I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
Bitcoin is money that is still its main use, now you may wonder if that is the case then why trading and speculating with bitcoin are their main uses, because that is true for fiat currencies around the world, if there was only one currency then you could not trade in this way but since that is not the case then people exchange their currencies trying to get advantage over the other, it is true that the adoption we have been looking has been kind of slow but it is increasing and this was more evident during this year in which there was an explosion on adoption, so calm down and just give bitcoin time to work its magic. I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
For all I know, Bitcoin was introduced as an electronic cashless system. And wasn’t really meant for trading, although people trade them now because it holds value to every satoshi you earn or have. And after a decade, it had grow even more that’s why people opt to use it as an investment rather than spending their Bitcoin instead.
I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
Well, you're absolutely right concerning the fact that bitcoin wasn't made primarily for trading. Satoshi made bitcoin to be a currency just like every currency in the world only that it was intended to be decentralized meaning it is not backed and neither controlled by the government and banks.
Bitcoin cannot be a stable coin because it is a decentralized coin unlike the stable coins like USDT, BUSD which are centralized altcoins. This is where trading comes in. Trading is simply taking advantage of the volatility in the price of bitcoin by buying low and selling high
A lot of people say that it is meant to replace fiat money, which we can slowly see day by day. But personally, this is nothing. Bitcoin is not useless, in fact it is actually versatile because of the fact that it is not secluded to whatever official use it is meant for. Let that sink in.
Bitcoin is a very helpful tool for us small-time moneymakers to be on par with the wolves at the stock market, they're trembling with fear, and that's what we want.
Bitcoin is a very helpful tool for us small-time moneymakers to be on par with the wolves at the stock market, they're trembling with fear, and that's what we want.
There's nothing like an official us, OP.
You can Bitcoin for whatever purpose you want to. It doesn't follow any laws outside of its own protocol.
If you decide to pay with Bitcoin for your girlfriend's breast implants, buy drugs, hire a hitman like Ross, you can do it.
You can save up, hide your income, speculate, bitcoin doesn't judge, only people do.
You can Bitcoin for whatever purpose you want to. It doesn't follow any laws outside of its own protocol.
If you decide to pay with Bitcoin for your girlfriend's breast implants, buy drugs, hire a hitman like Ross, you can do it.
You can save up, hide your income, speculate, bitcoin doesn't judge, only people do.
Bitcoin is a multi-purpose utility system that can be used in all needs. In terms of transaction it gives access to limitless transaction, as an investment it gives an increase in value even when kept hold in our own wallets. Primary thing is into trading, apart from this the usage is slowly increasing with bitcoin acceptance getting added on physical stores. For some reason it hasn't got the mainstream usage access which is why its multiple usage isn't known much.
Well, it is a currency that has double usage.
The official use of bitcoin is that a currency or even like fiat and also you can store this for a long run to have a better profit when the price is raised.
Just accept as of now what bitcoin currently status, as we can see many institution and big investors was investing bitcoin and gaining profit once it is pumped into the market. You can treat your bitcoin as your valuable asset though those others can't steal.
If there is more doubt, why not just read the Satoshi whitepaper on bitcoin and understand carefully.
The official use of bitcoin is that a currency or even like fiat and also you can store this for a long run to have a better profit when the price is raised.
Just accept as of now what bitcoin currently status, as we can see many institution and big investors was investing bitcoin and gaining profit once it is pumped into the market. You can treat your bitcoin as your valuable asset though those others can't steal.
If there is more doubt, why not just read the Satoshi whitepaper on bitcoin and understand carefully.
Bitcoin was originally invented as a digital store of value and a payment system. Bitcoin is a peer-to-peer digital currency that is fast, secure, and decentralised yet acceptable all over the world. Not everybody that owns is a trader because trading bitcoin is choice. Many people prefer HODLing bitcoin than trading because trading involve risk. You don't have to trade bitcoin to make money. You can make money with bitcoin by just HODLing.
Bitcoin is money so you use it with everything that you want to buy and it's a plus that it's a speculative asset so you can also use it as your investment. About it replacing Western Union and other remittance companies, we even thought of it replacing dollars soon but it all comes up from the word speculation but this time, it's starting to build its confidence mostly to the institutions and they're using it as their asset just like how they treat gold reserve.
I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?
Here you go: https://bitcoin.org/bitcoin.pdfWhen it comes to usage then its clearly that Bitcoin isnt really created just for trading.It is mainly created for peer to peer transaction without 3rd party involvement which
is clearly stated on white paper and earning money or been traded is just part of its benefits.
People are just taking it as a store of value which i cant really blame them off and talking about stable coin backed up on Bitcoin? It wont happen.
I think Bitcoin was created to complement fiat and not replace fiat, so the original purpose of Bitcoin was created not an asset for trading or investing.
But as a currency where we can make financial transactions without a third party, so Bitcoin covers up the weakness of fiat. Therefore it would look
perfect if fiat and Bitcoin were complementary to each other. So every country should legalize Bitcoin as an alternative to payment other than fiat.
But unfortunately many countries prohibit Bitcoin as payment, such as in my country Bitcoin can only be used as a digital asset, because
the government is afraid Bitcoin will replace fiat.
But as a currency where we can make financial transactions without a third party, so Bitcoin covers up the weakness of fiat. Therefore it would look
perfect if fiat and Bitcoin were complementary to each other. So every country should legalize Bitcoin as an alternative to payment other than fiat.
But unfortunately many countries prohibit Bitcoin as payment, such as in my country Bitcoin can only be used as a digital asset, because
the government is afraid Bitcoin will replace fiat.
^ For the short one, BTC is intended for an alternative currency against fiat and also have financial freedom which everyone will probably like BTC is just because you hold your fund fully control or be your own bank rather. There are too many uses of BTC but OP did not research this for further clarification. Op wanted an easy answer even though we can google this information OP wants. Nevertheless, for now, people are trying to store BTC because of the value, the goal was failed with the aim of a peer-to-peer electronic cash system.
Unfortunatelly there isn't much use for bitcoin as currency yet. Few sellers accept it as payment in national sphere, but they aren't popular companies, so there is an issue in trusting bitcoins (a decentralized payment method) to sellers you don't know. The scam chances are so high that we have to convert btc to fiat to make purchases anyway.
Most stores accepting btc we heard on news don't have any impact in average joe's daily life.
Most stores accepting btc we heard on news don't have any impact in average joe's daily life.
Maybe is the wrong term used, so it's not meant like official use in narrow sense but as all other relevant and recognized ways of use. At least I think so. Use as a payment method is definitely one of it and probably most popular after trading.
Bitcoin still isn't fully and legally implemted into financial and economic system so it's hard to talk about official use but I'm sure Bitcoin is on the was to make it happen.
Bitcoin still isn't fully and legally implemted into financial and economic system so it's hard to talk about official use but I'm sure Bitcoin is on the was to make it happen.
I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
There are so many mistakes in your post....
#1 : It is Bitcoin ...not bit coin.
#2 : W.t.f ...why do you need a Wall Street journal for Bitcoin? (There are numerous sites, including this site that are listing use cases)
#3 : Prospectus?
Just type this into Google : Bitcoin White paper #4 : Bitcoin is not a pump n dump coin. (Nobody are pumping... it is just normal supply and demand)
Before you post something on this forum, please use the "search" option and get some good threads on most of your questions. (or simply Google it)
Of course, in addition to its investment value, Bitcoin is seen as a currency, and its characteristics are decentralized and anonymous.
There are many companies that accept bitcoin for payments like Amazon and Tesla, so people can't deny that Bitcoin is still a currency.
There are many companies that accept bitcoin for payments like Amazon and Tesla, so people can't deny that Bitcoin is still a currency.
There are so many merchants now accepting bitcoin other than Amazon and Tesla.
This article give the top 11 major companies that are accepting bitcoin - https://www.buybitcoinworldwide.com/who-accepts-bitcoin/
Microsoft, Overstock, Home Depot, Namecheap, Starbucks, Whole Foods, NewEgg, Lolli, FoldApp, Purse.io, CoinCards
Those are just the major companies, there are also smaller merchants that are now accepting btc. So it is not for trading or investment purposes only but you can very well use them in a lot of merchants.
You can also check this one out - https://99bitcoins.com/bitcoin/who-accepts/
So I can go into a home depot show a qr code on my btc wallet and buy some lumber? Or is it some obscure online thing?
Though the nature of BTC will always mean you have to transact on the blockchain no matter what it is you buy. Don't get fooled
I'm not sure what the op means by 'officially' used. There are just some major things Bitcoin is used for, but I don't think there's data with the distribution of this usage. Bitcoin is used as an investment, so people hodl it for a long time with an intention to gain profit this way because of the price increasing over time. It's also used for trading, which is regular buying and selling of Bitcoin with an intention of profiting from short-term price fluctuations. It's also used as money, and some people buy things paying directly in Bitcoin. I think these are the main ways Bitcoin is used, so even if the price stabilizes, Bitcoin will still remain relevant as money.
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Of course, in addition to its investment value, Bitcoin is seen as a currency, and its characteristics are decentralized and anonymous.
There are many companies that accept bitcoin for payments like Amazon and Tesla, so people can't deny that Bitcoin is still a currency.
There are many companies that accept bitcoin for payments like Amazon and Tesla, so people can't deny that Bitcoin is still a currency.
There are so many merchants now accepting bitcoin other than Amazon and Tesla.
This article give the top 11 major companies that are accepting bitcoin - https://www.buybitcoinworldwide.com/who-accepts-bitcoin/
Microsoft, Overstock, Home Depot, Namecheap, Starbucks, Whole Foods, NewEgg, Lolli, FoldApp, Purse.io, CoinCards
Those are just the major companies, there are also smaller merchants that are now accepting btc. So it is not for trading or investment purposes only but you can very well use them in a lot of merchants.
You can also check this one out - https://99bitcoins.com/bitcoin/who-accepts/
So I can go into a home depot show a qr code on my btc wallet and buy some lumber? Or is it some obscure online thing?
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
But I don't invest and I don't speculate, and I know for sure I must not be the only one not doing this. Yes I hodl but I also spend and earn in Bitcoin for many years as a supplement income to my normal day to day job. People do it more than me too as I can tell, and it's been successful for them.
Imagine running a business without needing Paypal approval as you can charge and bill in Bitcoin?
I thought BTC was going to replace western union by now and be used by official brick and motor businesses.
For this to answer your question I think you need to focus more on the history of Bitcoin rather than focus on the price charts of Bitcoin as what I have seen in your post history. Bitcoin unlike banks or remittance centers like Western Union isn't really backed up by a company striving it to grow, Bitcoin's only support is us the holders/users/investors possessing it even if our numbers grow by the day it doesn't mean that it is headed to replace these businesses as right now Bitcoin is viewed by many people (including your) as more of an investment or asset rather as a way to pay for their daily needs, them probably holding a more liquid asset which is basically fiat currency is the preferred choice of many people in their transactions.
Bitcoin is created for borderless transactions that also can not be controlled by any institution, government, group or a single third-party person.
If you have a non custodial wallet and have its private key/ mnemonic seed (depends on each wallet), you control your bitcoin you have. You can control your bitcoin transaction and keep it anonymous.
Trading is derivative from exchanges, not from bitcoin Whitepaper. Spot trading and now exchanges have Future trading. More products can be released in the future. All fo derivatives don't change the main use case of bitcoin: transactions.
If you have a non custodial wallet and have its private key/ mnemonic seed (depends on each wallet), you control your bitcoin you have. You can control your bitcoin transaction and keep it anonymous.
Trading is derivative from exchanges, not from bitcoin Whitepaper. Spot trading and now exchanges have Future trading. More products can be released in the future. All fo derivatives don't change the main use case of bitcoin: transactions.
Bitcoin actually was made to become a peer-to-peer currency when it was originally by Satoshi. However, its usage depended on us. Right now, bitcoin is the most valuable digital asset on the internet and that is why people do not want to sell a penny of their bitcoin. They would rather hold, invest, trade than make it a currency. You have to accept that fact
What makes bitcoin valuable? Its fame, of course. It is the first cryptocurrency to be created and it is the start of blockchain technologies, things that go against the centralization as well as the inflation. And from my perspective, certainly bitcoin is not able to become a currency anymore and people usually relate it to"digital gold"
On the other hands, big firms is accepting bitcoin as a term of payment, such as Tesla. This movement does raise more awareness of bitcoin than ever
What makes bitcoin valuable? Its fame, of course. It is the first cryptocurrency to be created and it is the start of blockchain technologies, things that go against the centralization as well as the inflation. And from my perspective, certainly bitcoin is not able to become a currency anymore and people usually relate it to"digital gold"
On the other hands, big firms is accepting bitcoin as a term of payment, such as Tesla. This movement does raise more awareness of bitcoin than ever
The thing is, the entire point of this asset is that you can do whatever you want with it. No one needs to tell what what bitcoin is for, and what it's not. You just have an asset that's decentralized, trustless, and has a supply cap. That's pretty much it. It's completely up to you what you want to use it for.
Bitcoin is just not only for trading, investment, or staking also good for trying to buy some stores on the internet or even physical store they are now supported by the use of bitcoin payment methods gambling platforms today already accept that cryptocurrency payment so the players can play too.
If you don't want your Bitcoin places are supporting the use of the withdrawal through the ATM but I think a good investment is the best option.
If you don't want your Bitcoin places are supporting the use of the withdrawal through the ATM but I think a good investment is the best option.
Well for now, it's true that bitcoin is mostly used for trading purpose or investment only. However, there are still many usage of bitcoin other than that. In some countries, it can be used as a method of payment, although it's not common yet since bitcoin is not widely accepted yet.
However, since bitcoin is really volatile and that makes it really great for investment, since we can gain a huge profit from it, then of course it can't be deniable that it's only used for investing right now, since it's the best way to make advantage of bitcoin atm.
However, since bitcoin is really volatile and that makes it really great for investment, since we can gain a huge profit from it, then of course it can't be deniable that it's only used for investing right now, since it's the best way to make advantage of bitcoin atm.
Bitcoin's official use? There is none.
I suppose by original you mean its intended use as far as its original design is concerned. Well, everybody knows Bitcoin is a cryptocurrency. Needless to say, Bitcoin was designed to be a currency, an electronic cash which eliminates the need for a third party.
But its original use is never its official use. Bitcoin is all about freedom. And so you may use it as you please.
I suppose by original you mean its intended use as far as its original design is concerned. Well, everybody knows Bitcoin is a cryptocurrency. Needless to say, Bitcoin was designed to be a currency, an electronic cash which eliminates the need for a third party.
But its original use is never its official use. Bitcoin is all about freedom. And so you may use it as you please.
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
I think you really need to read the white paper to understand. You are very wrong in your assumption that it will replace Western Union. It has been existing for the first 10 years, and I doubt that we will have something like stable coin backup by BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
And that what separates bitcoin trading from stocks, it's very volatile. It's either you know how to take advantage or it, or learn the price movement. It decentralised, the market is open freely for everyone 24 x 7.
Why not stop thinking about comparing bitcoin with other and start thinking about what bitcoin can do are and the difference between them and traditional systems.
There are many places that accept Bitcoin the inability to use it for everyday solutions does not necessarily mean that it is a stock or it is used for speculation.
You can move bitcoin from one place to another for low fees.
We have a limited number of currencies which makes their value increase every day and per using.
There are many places that accept Bitcoin the inability to use it for everyday solutions does not necessarily mean that it is a stock or it is used for speculation.
You can move bitcoin from one place to another for low fees.
We have a limited number of currencies which makes their value increase every day and per using.
I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for?
You have been a member of the forum since 2017, you can at least write the name of something correctly before asking a question, which by the way has hundreds of very extensive answers if you use search engines. ETFbitcoin he briefly told you what you can do with BTC, but it again depends on your location - in some countries you can do more, in some the offer is very weak or non-existent.
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
You live in the illusion that something created over the centuries can be replaced in just 10+ years, just as the illusion is that Bitcoin is something that must replace the existing financial system or various services that exist when it comes to money transfers. Bitcoin was created as an alternative, and it's not realistic that it will wipe out banks, fiat or WU in the near future - because let's not lie to each other, BTC is not something the average Joe can understand so easily, much less something he wants to use at all.
Most people in the world are extremely submissive and serve their masters in the system they have built for them, and those 1% or maybe even 2% of the world's population who use BTC are exceptions - be happy if you are one of them.
Today, there are not many opportunities for using Bitcoin, but there are enough existing ones in order to get a huge benefit from this asset. At this time, Bitcoin is still volatile and therefore the most important advantage among all assets is the ability to make huge profits in the near future. But despite this, in many countries, Bitcoin is also used as a means of payment and quite legally. In addition, one should take into account the fact that many cryptocurrency users trust Bitcoin and its future very strongly, which is why they are already starting to transfer their savings into bitcoin, trusting this particular asset, which will give them financial independence, and not fiat money.
Bitcoin is now used by people more as an investment vehicle than a currency, and perhaps in the future Bitcoin will still serve as a vehicle for investment.
Will it only be used for investing/speculation as long as its price is this unstable?
It is clear that anything with a volatile price can be used to invest, from gold and stocks to other currencies. 
Of course, in addition to its investment value, Bitcoin is seen as a currency, and its characteristics are decentralized and anonymous.
There are many companies that accept bitcoin for payments like Amazon and Tesla, so people can't deny that Bitcoin is still a currency.
There are many companies that accept bitcoin for payments like Amazon and Tesla, so people can't deny that Bitcoin is still a currency.
There are so many merchants now accepting bitcoin other than Amazon and Tesla.
This article give the top 11 major companies that are accepting bitcoin - https://www.buybitcoinworldwide.com/who-accepts-bitcoin/
Microsoft, Overstock, Home Depot, Namecheap, Starbucks, Whole Foods, NewEgg, Lolli, FoldApp, Purse.io, CoinCards
Those are just the major companies, there are also smaller merchants that are now accepting btc. So it is not for trading or investment purposes only but you can very well use them in a lot of merchants.
You can also check this one out - https://99bitcoins.com/bitcoin/who-accepts/
Of course, in addition to its investment value, Bitcoin is seen as a currency, and its characteristics are decentralized and anonymous.
There are many companies that accept bitcoin for payments like Amazon and Tesla, so people can't deny that Bitcoin is still a currency.
There are many companies that accept bitcoin for payments like Amazon and Tesla, so people can't deny that Bitcoin is still a currency.
Definitely!
This is what people keeps forgetting about when they say Bitcoin will soon replace fiat or soon replace the traditional banking system. Satoshi for sure didn't write something like Bitcoin replacing something in the whitepaper.
If cryptocurrencies are only currencies existing, the world will not balance, but existing with fiat currencies makes them perfect, but only the good ones like bitcoin. So, bitcoin is perfect because fiat are existing and have something to be compared with which it is superior over. I was thinking how the countries in Africa and poor other countries will be like if no fiat existing, countries that always devalue their fiat in order not to deplete much of their foreign reserve, if no fiat, they will all suffer as they import than export. This is what people keeps forgetting about when they say Bitcoin will soon replace fiat or soon replace the traditional banking system. Satoshi for sure didn't write something like Bitcoin replacing something in the whitepaper.
I'm sure the number one thing bit coin is used for is trading but that wasn't its original use.
Well, this kind of thoughts only knew Bitcoin as an investment tool and a get rich quick mentality. You could actually google it and type what is Bitcoin, I'm pretty sure google will definitely give you enough answers why Bitcoin was created by Satoshi.
I guess everyone who wants to learn about Bitcoin knew why Bitcoin was created.
Lemme tell you, the number one thing Bitcoin is used for in simple words. To eliminate the need of central authority when financially transacting from one person to another globally.
Or you're always welcome to read Satoshi's whitepaper posted above by BlackHatCoiner.
I thought BTC was going to replace
You thought wrong. Bitcoin was not created to replace X or Y. It was created to fill a gap in our world for a medium of exchange that is not and can not be controlled by any centralized authority.This is what people keeps forgetting about when they say Bitcoin will soon replace fiat or soon replace the traditional banking system. Satoshi for sure didn't write something like Bitcoin replacing something in the whitepaper.
There is nothing official in bitcoin world because there is no centralization to issue anything "officially".
As for the main usage of bitcoin, it is still as a currency and the nature of a currency is also demanding store of value and the limited supply plus the increasing price makes it so that some people use it for an investment.
As for the main usage of bitcoin, it is still as a currency and the nature of a currency is also demanding store of value and the limited supply plus the increasing price makes it so that some people use it for an investment.
I thought BTC was going to replace
You thought wrong. Bitcoin was not created to replace X or Y. It was created to fill a gap in our world for a medium of exchange that is not and can not be controlled by any centralized authority.Quote
I guess thats the point of stable coins,
The point of (centralized altcoins commonly known as) stablecoins is to let exchanges and users who don't want to go through the hassle of the banking system for their many deposits and money transfers between exchanges to have an option to do that. Not to mention reduce the risk of their bank accounts being closed. With stablecoins they reduce the number of times they deposit and withdraw fiat and reduce their risks that way.Quote
Will it only be used for investing/speculation as long as its price is this unstable?
Each time bitcoin price goes up the number of purchases taking place using bitcoin increases to the point that the ATH of price is also the ATH of bitcoin usage as payment so your argument is moot. 
Officially what else is it used for?
How do you define "officially"? On Satoshi's whitepaper, it was introduced as a borderless peer-to-peer electronic cash system, not as an investment. But, by that, it doesn't mean that every other use of it is unofficial. Bitcoin works in a way. By understanding it, you can make up your own assumptions. Its censorship resistant philosophy made it be seen as more than an e-currency. Is there a way to read the original white paper?
I linked it above.I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC;
Because if it's backed up by someone, it goes against its philosophy. It goes against decentralization.Will it only be used for investing/speculation as long as its price is this unstable?
You can answer this by yourself: Is it used right now beyond investing purposes?
I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
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