What do you think of people that treat Bitcoin solely as an investment? - page 4.

el kaka22

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Quote from: rivoke on February 20, 2017, 05:28:04 AM

I think it's reasonable since bitcoin have high value and ever reach as high as gold so whenever who invest into bitcoin , they already made a great choice for their future investment.
By seeing bitcoin value based on graph , bitcoin become the great investment I've ever see compare gold

When the bitcoin started we were all talking about a new currency that is going to change the whole idea of using the money on the internet, but after a couple of years the price was really high that it has become more of an investment and people saving and buying it, and the ones who believed in it a long time ago are really lucky. I am not finding any wrong with them.

We cannot argue that we should not save bitcoins as an investment. It must be a basic human right to do what ever they want to with their wealth.

But time will enforce them to start using their savings. How long one will sit and watch their saving's value goes skyrocketing. Either their basic needs nor emergency needs nor emotions will make them to come out of their investment mode.

machinek20

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Bitcoin supposed to be used as a currency, because the price is based on the demand and supply, if too many people used it for investment without doing transaction it can caused the pirce to stagnant, but bitcoin is a very good investment tool, so the situation of making bitcoin into investment can't be avoided

artows21

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I'm agree with them, why not? The price of bitcoin goes up so it's really interesting to treat it as an investment. We don't know what is going to happen, maybe the value of BTC is going to explode. So I think it's a great investment maybe more interesting than the gold!

Idrisu

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Quote from: LittleBitFunny on February 14, 2017, 09:47:35 AM

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under whaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaat circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

Treating bitcoin as an investment will undermined it values as a currency. I read online how Israel tax authority wanted to treat bitcoin as a property but bitcoin is not a property the same way dollar is not a property. Sec what to regulate bitcoin and allow it to be trade like stock, gold and silver, doing this will also undermined crypto currencies as a currencies.

nyanhtet

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Bawga

Bitcoin is created to use instead of fiat, not as gold.

Ravion

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Quote from: iram3130 on February 14, 2017, 10:56:41 AM

The volatility makes newbies feel like it's an investment to get quick money. Well, it is that for some time but it is not just an investment when you understand what Bitcoin is. Using Bitcoins and doing transactions with it is comparatively simple and easy. There are many other features of Bitcoin which make it distinctively better than any other currency or payment gateway.

Some people are perhaps investing their money in Bitcoin thinking of it as an alternative to gold, but Bitcoin is different than gold. For some people, the entire purpose of Bitcoin is this type of investing.
Sure, they're entitled to do whatever they want with their money, but in terms of how it benefits Bitcoin, it would be better if they use their money for purchasing things. That's what's going to make Bitcoin more widespread.

vnvizow

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Quote from: BillyBobZorton on February 20, 2017, 10:48:14 AM

Bitcoin will remain a better gold, the price will never be stable enough for it to be a currency in the classic sense of a currency that is always table. You can't have a free, decentralized market and a fixed price, if you want a fixed price, you need governments and regulations.

Bitcoin will only go up long term, which makes it the ultimate investment.

It's all speculation but perhaps by the time the last coin is mined the price will remain relatively stable, by then it'll all depend on demand so if people keep losing coins and wallets (or worst case scenario: another country's currency destabilizes) it'll be a great thing for the economy (even though it sounds horrible)

BillyBobZorton

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Bitcoin will remain a better gold, the price will never be stable enough for it to be a currency in the classic sense of a currency that is always table. You can't have a free, decentralized market and a fixed price, if you want a fixed price, you need governments and regulations.

Bitcoin will only go up long term, which makes it the ultimate investment.

yellow1

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I think those people who treat bitcoin as an investment saw the price of bitcoin in the future Grin

Or maybe they have a lot of investment in other instrument that they look for others where to invest their fiat money. Or maybe they felt that bitcoin price will rise and that they can have a lot of returns in the future.

rivoke

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I think it's reasonable since bitcoin have high value and ever reach as high as gold so whenever who invest into bitcoin , they already made a great choice for their future investment.
By seeing bitcoin value based on graph , bitcoin become the great investment I've ever see compare gold

hajimasan

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well bitcoin is a currency and we have use it as currency but majority of the people use it as a source of making profit and finally people think that bitcoin is just to make profit. Some stupid ask me that how much profit I make with bitcoin, well I reply that how profit do you make with real money . yea its a form of money we can make profit only when we do some task with it not just money will come automatically.

jacafbiz

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Bitcoin for me is solely as an investment because in my country here it is hard to find anyone accepting it and since the price has been on increase it makes perfect sense to categorise it as an investment.

Bitcoin is going to end up a digital Gold remember Gold use to be a trading tool use for everyday transaction but it is no more serving that role.

kumax

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Quote from: Doms on February 19, 2017, 09:34:07 PM

Chances are half of the people (or maybe more) that you’d come across here would choose bitcoin more as an investment than a currency. You know why? Because that is the wise thing to do. If you are presented with something that outperforms any other known currency and legitimate investment at the moment, you would be a fool not to take advantage of it.

The thing is also that there are already some better altcoins for a money transfers (or just lets say payments) on the market, than bitcoin is. With the high fees and long times for bitcoin transaction processing, it may not be considered as a best option anymore. On the other hand, bitcoin proved itself to be a very good kind of investment, so it is no surprise, that majority of members uses it mostly as an investment.

Zadicar

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Quote from: btcdiggingmaster on February 20, 2017, 02:59:24 AM

Right now most of the people are treating bitcoin as one of the investment only, they are not treating it as currency because bitcoin is not still under regulated through governments. Once governments accept bitcoin as currency than many people will start using bitcoin as currency.

Actually its a currency but only as digital currency and the beaty of bitcoin is at the same time you could able to make it as an investment. Does depend on people on how they gonna treat bitcoin as long we do earn and use it on a positive way then it would be fine.

btcdiggingmaster

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Right now most of the people are treating bitcoin as one of the investment only, they are not treating it as currency because bitcoin is not still under regulated through governments. Once governments accept bitcoin as currency than many people will start using bitcoin as currency.

nyanhtet

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Bawga

It meant bitcoin to the end. As a currency, it need to regulate and use and also need infaltion. But ppl hold as investment and not use. Some good alt-coins will replace BTC as currency.

Doms

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Chances are half of the people (or maybe more) that you’d come across here would choose bitcoin more as an investment than a currency. You know why? Because that is the wise thing to do. If you are presented with something that outperforms any other known currency and legitimate investment at the moment, you would be a fool not to take advantage of it.

stomachgrowls

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Quote from: ImHash on February 19, 2017, 09:10:29 PM

In my village we call them farmers Cheesy

yes they invest buying a land building cooling systems bringing in hundreds of mining machines and start mining bitcoin. that means investing in bitcoins not just buying and accumulating. and any time you do invest in this virtual gold it's never too late.

Yes its never been too late to engage to bitcoin even its current price is a little bit steep for some and already considered on high price already and on mining it you will still need huge money to invest on and we all know mining equipment arent cheap at all. If i do have the money i will surely made the same thing too.

ImHash

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In my village we call them farmers Cheesy

yes they invest buying a land building cooling systems bringing in hundreds of mining machines and start mining bitcoin. that means investing in bitcoins not just buying and accumulating. and any time you do invest in this virtual gold it's never too late.

FlightyPouch

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Quote from: calkob on February 15, 2017, 07:26:07 PM

People are free to use bitcoin as they see fit, it is not up to anyone to tell them what to with their bitcoin, its sorta the whole point. I have purchased bitcoin to hold long term so that in the future i can buy more with it.

That is right, as they say bitcoin is free, you can do anything with it. And i think there are lots of bitcoin users that treat bitcoin as a investment, saving it for trading or exchanging it for a profit.
Though I didn't really purchased bitcoin, but I did earn them through a lot of faucets and PTPs. Luckily after withdrawing in that faucets the bitcoin's price increases, and I did exchange it to real money so I can use it.

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