No one uses bitcoin as a normal currency anymore, it's the digital gold, everyone knows that now. A lot of people invest in gold even though it is not that stable either, sure it's not as volatile as bitcoin but its value does jump or crash too. Stability is subjective, even dollars and euros don't have a stable value however no one really cares what the eur/dollar conversion is unless they are trading. People use dollars without think of their vale in other currencies, 1 dollar is 1 dollar and that's what matters.
Never say nobody because I am that unicorn then I suppose. I don't use funds often but I like to use my Bitcoin as intended from the beginning, especially given the low fees right now. I would still be apart of Bitcoin if it wasn't as volatile but I won't lie it wouldn't be as fun then. 
Topic: Would you still use bitcoins if the price would be stable? - page 28. (Read 2057 times)
Well, I think people would say they use it for its features even if they don't. It would really make you look (somehow) bad to say you are using Bitcoin just for earning money but not for the advantages it offers.
I personally use it for both to be honest. I've always been a fan of trading, whether it is done with Bitcoin or any other currency, but since it is the best option, so I use Bitcoin for that. And, I love using Bitcoin because of its features as well. The fees, transactions times (though they are annoying sometimes when the market is flooded with them) and the fact of keeping money without letting anyone know about them just made it look totally different from what the world has seen before it, and I think that played a really big role in the success of Bitcoin besides its price volatility that attracted investors of course.
I personally use it for both to be honest. I've always been a fan of trading, whether it is done with Bitcoin or any other currency, but since it is the best option, so I use Bitcoin for that. And, I love using Bitcoin because of its features as well. The fees, transactions times (though they are annoying sometimes when the market is flooded with them) and the fact of keeping money without letting anyone know about them just made it look totally different from what the world has seen before it, and I think that played a really big role in the success of Bitcoin besides its price volatility that attracted investors of course.
No one uses bitcoin as a normal currency anymore, it's the digital gold, everyone knows that now. A lot of people invest in gold even though it is not that stable either, sure it's not as volatile as bitcoin but its value does jump or crash too. Stability is subjective, even dollars and euros don't have a stable value however no one really cares what the eur/dollar conversion is unless they are trading. People use dollars without think of their vale in other currencies, 1 dollar is 1 dollar and that's what matters.
I personally use Bitcoin to make money. I do not use Bitcoin as a financial tool. I live in a country that does not accept Bitcoin in my life and very few people know Bitcoin. So I bought Bitcoin to hold and wait for the price difference. That is my main purpose of entering the Bitcoin market. You share your ideas for everyone to consult.
I am pretty much interested to know how many people here uses bitcoin because of it's system, because of the anonymous and the security it provides, and because of the fact that it is really easy to transact over the internet, and there's no one who can just block your account(unlike paypal, a platform that provides an easy way to pay over the internet, but you rely on PayPal to keep your account open).
So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?
So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?
The bitcoin is best way to make money and at the same time use it on mass scale because of its nature. I believe in both of them and looking forward to keep using it until its existence. It wouldn't matter if the prices of the bitcoin becomes very stable in the future because that would be good thing to happen. Getting stability in the bitcoin price will attract banking institution and governments to use it in the national economic circulation. The day might come and they may just declare it the official currency of globe itself. Current issue is all about its instability and thats why bitcoin is not being looked after as official currency. So for the time being I like this currency a lot unstable and stable both.
Of course if and when it becomes stable. That's the time we'll see it as a payment option more than a storage of value.
I am pretty much interested to know how many people here uses bitcoin because of it's system, because of the anonymous and the security it provides, and because of the fact that it is really easy to transact over the internet, and there's no one who can just block your account(unlike paypal, a platform that provides an easy way to pay over the internet, but you rely on PayPal to keep your account open).
So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?
I am pretty sure most of the people over here are in just for the quick profits they can make, not for the features provided by bitcoin. That is why you will keep on seeing people nagging about the price when it starts to drop. Little do they know that, if they start using it for buy regular stuffs, the price itself will start to go up since more people will start adopting bitcoin. So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?
I am pretty much interested to know how many people here uses bitcoin because of it's system, because of the anonymous and the security it provides, and because of the fact that it is really easy to transact over the internet, and there's no one who can just block your account(unlike paypal, a platform that provides an easy way to pay over the internet, but you rely on PayPal to keep your account open).
So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?
Yes. You said it already. It keeps our money secured, easier to transact and etc. Bitcoin has so many uses not only in making money. As long as it is not yet stable, then make money from it. Be wise! So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?
I would.
For developing countries bitcoin has many uses.
One of them is sending money abroad.
As our currency is very weak, and we have higher taxes than developed countries, it's very hard for us to travel to other countries.
If I travel for the U.S. , for example, I will pay about 6% taxes to convert BRL (Brazilian money) to USD, plus about to 5% spread (difference from the official USD/BRL exchange rates, because our banks just rob us).
With bitcoin I can just transfer my BTC to an exchange and sell them for USD, without paying those huge taxes and losign money on unfair exchange rates. Probably just exchange fees, something like 1-2%.
I can also use this method to make investments abroad. To buy stocks in another countries for example.
With lesser volatility bitcoin will also be accepted as payment method in many stores around the world. Our volatility is already lower than it was before, few years ago.
For developing countries bitcoin has many uses.
One of them is sending money abroad.
As our currency is very weak, and we have higher taxes than developed countries, it's very hard for us to travel to other countries.
If I travel for the U.S. , for example, I will pay about 6% taxes to convert BRL (Brazilian money) to USD, plus about to 5% spread (difference from the official USD/BRL exchange rates, because our banks just rob us).
With bitcoin I can just transfer my BTC to an exchange and sell them for USD, without paying those huge taxes and losign money on unfair exchange rates. Probably just exchange fees, something like 1-2%.
I can also use this method to make investments abroad. To buy stocks in another countries for example.
With lesser volatility bitcoin will also be accepted as payment method in many stores around the world. Our volatility is already lower than it was before, few years ago.
I am pretty much interested to know how many people here uses bitcoin because of it's system, because of the anonymous and the security it provides, and because of the fact that it is really easy to transact over the internet, and there's no one who can just block your account(unlike paypal, a platform that provides an easy way to pay over the internet, but you rely on PayPal to keep your account open).
So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?
So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?
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