Bitcoin Forum

Listen to me.

Look I know we are a free community, but come on don't you think the price has become so volatile during the past few months just because people started using it as a form of investment. I've seen people buy in low, in hopes of selling it at high, and that's basically pump and dump.

Bitcoin wasn't created to make us rich over night but was created so we could have control over our money and not the bankers. It was created so we could be free, so there won't be any borders telling us we are different from them so we can't trade with them. To be united, but all I see are people only talking about how much profit they've made, not about how it can help people that don't have access to banks(they do but it's a minority).

We live in a society where we take everything for granted, just like we've taken Bitcoin for granted. We don't deserve it. The ones that deserve it don't have access to it.

At the end of the day we become savages and only think about the profit not the good that it can do for us, instead of making us rich.

Yes, I was introduced to it because of the investment, but I was a fool at that time, I couldn't see the bigger picture.

We are a community created for the people, by the people.

(P.S. If you don't see Bitcoin as investment, then be proud of it, and hope it can help us be united, for it's all that we have left against them)

a very good point and i completely agree with it.

but it doesn't have to be only one. you can do both. you can use bitcoin as a currency but also have it as an investment. for example you buy bitcoin today at $1 to be able to spend it as a currency when it is  worth $2 which satisfies both investment and currency aspect of it.

the price rise, the volatility that comes with it and the fact that people will use it as an investment is inevitable.

Probably the reason why people are not using bitcoin as payment because of its volatility. If you buy a shoes worth .01 btc or roughly $60 and tomorrow that .01 btc will be worth $80 so that you just paid $20 over the price of that shoes. So that won't really mean good for you. So i think bitcoin being so volatile makes people not want to use it as payment.

It's a good idea to say that because bitcoins have made the payment faster and become less fee, But on the one hand we also find it difficult to consider it as a form of payment because of its volatile price. But only one answer would be to keep the whales in control of the market that are hard to accomplish.

I totally agree with you, but I don't think it's that simple. We cant simply dissociate both things, and even though fiat exists for people to use it to buy and sell things, we have forex markets, where people just trade it for profit. So my point is, that we will always have both things in bitcoin, and that is perfectly normal. We do need to increase BTC use case, because right now there are very few people that use it as a currency, but we don't really have a lot of options to do that, so BTC still needs to evolve further first.

I think it can work as a currency at the same time as an investment. Also remember that fiat currency can also be an investment like what i did. I bought us dollars a year ago and now the price of dollar went up when converted to our local currency and I made a profit. The problem here is bitcoin still have only few uses compared to fiat and that is why people are still using it as an investment. Im aware that in some countries bitcoin has already many uses but in majority there are still few. If only big companies or online stores will adopt bitcoin then that can be a start that more people will use it as medium of payment.

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

I read that shops/stores sell Bitcoin immediately and get cash because of fear of price change.

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

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

You have made a good point here and you know what, people are already aware of what BTC is. They know that it was meant to be used for payments but what would you do when you will have to pay $10 extra for a transaction of worth $100 . That doesn't happen in real life right. Considering the issues bitcoin still has , it is really tough for people to use BTC as a payment method. Micro payments will be possible through lightning network though but people say it will turn out to be a centralized process. Until then I guess people will be using as an asset only.

you can't force the adoption though.
we all want it to happen, we want to see the sign saying "Bitcoin is accepted here" everywhere whenever we go out for a walk or for shopping,... but it can not happen in a short time and 9 years for a revolution as big as bitcoin from hundreds of years of centralized money to decentralized money is not enough.
the good news is that it IS happening and while it is happening the price will have rollercoster ups and downs like this which WILL attract investors.

It is the main reason and the vision and mission of bitcoin for me, to be use as a payment method to all transactions and makes everyone feel the convenience.

Most websites that I spend my Bitcoin on always does this and it's not a bad move if they want to make money. Holding it is only an option. How would it go $400 if it's going to be used worldwide shouldn't the price go up or get stable as more people use it because of the demand that it gives and combine that with the limied supply of BTC.

We have FIAT to do those things which is stable in price. Why buy btc and just use it for payments? We do have credit cards and debit cards for our daily transactions. There's no need to use btc as of the moment as a currency due to its volatility in value. Most of us invested in btc because of that main goal to make it as an investment vehicle for us to profit. I'd be a hypocrite if I would say that I'm buying bitcoin mainly for the purpose of making it as a currency. Each and everyone of us do have our own point of view regarding bitcoin whether we use it mainly as a currency or a store of value. At this moment in time, BTC is best only as a store of value and I think it will never be used as a currency due to its volatility.

That would be impossible to occurs anytime soon because most of bitcoin community see crypto world as real time investment to increase profit chances over 10x per one year . so none of us will find work which pay 10 X of total assets per year . Simply mission impossible . anyway i like bitcoin as its .

I think there's some vicious cycle when people don't want to use Bitcoin as currency because it's volatile, and it stays volatile because it's being adopted so slowly. But there are more obstacles that prevent mass adoption than just volatility, and more causes of volatility than simple lack of adoption, so we shouldn't necessarily force adoption at any cost. Adoption should happen naturally, it should be driven by some strong advantages over existing payment methods for average users, only then adoption will be sustainable.

Yes,It will happen and i think it will under 10$.So investment is best option for bitcoin.

I'm not comfortable with this opinion I'm always love to see in the view of  investment. I don't like to use bitcoin as a payment.

There are many projects now allowed to let bitcoin to be a payment. You can check solve.care project. https://www.facebook.com/SolveCareFoundation/ This one is a healthcare administration and payments on blockchains which is very interesting and high potential.
Also, did you hear about bitcoins used in Russia for making hotel payments for tourists. https://btcmanager.com/bitcoins-promise-of-global-currency-to-be-tested-at-fifa-world-cup-in-june-2018/
Or even, people can bet World Cup by bitcoins on Betcoin.com https://btcmanager.com/betting-on-the-world-cup-with-bitcoin-on-betcoin-com/
Bitcoins is down in price. But cannot deny that its use is spreading nowadays.  :)

currently cryptocurrency is believed to be an investment because it is not possible to make it as payment, fluctuating prices can saturate every second, minute, hour, when the price is very cheap I am sure you do not want to lose BTC more, the statement is certainly all related to the price decline, Behind it all a lot of greedy people trying to control the price of buying more at a fairly cheap price and selling back at a fairly high price, we are all fed up with the greed that is going on.

Yes this could be another way of doing things while the price is at downtrend. but this doesnt mean that bitcoin as an investment doesnt have a hope i know that the price will recover soon and when the time comes people will appreciate bitcoin more.

Shifting from fiat to btc is still pretty difficult due to bitcoin's high volatility. It's easier for companies providing IT solutions to switch to crypto as their product is usually not physical and doesn't depend on a fiat-based production chain much.

I think it's hard right now to see bitcoin as a payment and started using it at as a payment, this will only happen if the price of bitcoin becomes stable and stops fluctuating, but this will never happen since bitcoin is created as decentralized and the volatility of its price is continuous.

I also think that it is time to make Bitcoin a single cryptocurrency. And what would the others have realized that for him the future

just like other people here that me personally want to see too bitcoin can use as payment but currently merchant stores still avoid bitcoin because high of volatility and regulation issue and to makes bitcoin as global payment is not an easy task even it took plenty of steps to reach to that achievement

In fact, fiat money is also an object of speculation, especially in countries with struggling economy that are unable to stabilize their currency.
When war started in my country 4 years ago our currency lost more than 300% of its value.
I can only guess the scale of manipulations that took place when this process started.
What I mean is that cryptocurrencies are still young and are prone to all the "growing pains" of a relatively new technology.

From the day Bitcoin was created, some people used it as a payment, but once price start to grow, people see it as investment. Real BTC user are like 5% of all people in BTC, rest is investors. I use to use it, but now I don't see point to spend it.

I know you are right. Bitcoin was not only created for investment but also for payments and for making simple transactions. However, this will still take some time to effect. So many people have bitcoins that they want to use for payment for goods and services but do not see those that will accept bitcoin as a means of payment. This shows that not so many people accept bitcoin as a means of payment for their goods and services.
For people to start using bitcoin as a means of payment, then there must be people to receive them. Although, some major online shopping sites accept bitcoin accept bitcoin,  it still cannot provide services which should be paid with bitcoins.

2018 is a brand-new financial year with praiseworthy financial commitment, especially when it comes to investing in alt coins. Cryptocurrency shows an excellent promise for investors with alternatives to Bitcoin providing remarkable rewards to those who risk their money for an opportunity to gain profit.

The alt coins are also replacing bitcoins as payment medium. Now most prefer ETH for this because of less fees.

It works much better as a unique financial asset class for global investments. Why would I want to spend BTC when I can use a credit card that gives me cashback, consumer protection from fraud, perks like travel insurance, the ability to carry a balance if need be for emergencies, ect ect.

Bitcoin can't compete in that regard at all. But it's great at being a secure investment that historically has been an incredible store of value.

This is basically true. I think many wanted it that way because they wanted profits. It is quite sad to see it that way too. An it seems it was lie this ever since the doubled value came quickly from $2,300-$2,400 to $5,000 in the year 2017. I observed that many jumped it just to invest more and pump the prices then it went $10,000 and that end up to $19,000 and pretty much just because of pumping it up the many investors cut some of their profits and maybe cashed them out leaving dumped new investors.
Horrifying event.
Any suggestions how to encourage them to use it as payment? Maybe give some good points where you can wisely use them.

I agree with you completely. Generally people see bitcoin more as a Cryptocurrency for investment and as such, anytime they need to use bitcoin, the first thing they think of is gain. The time has come for everyone to know that bitcoin use is not limited to investment. Bitcoin can be used for payments.

This is true and all, but aren't we all here profitting from bitcoib as an investment? Let's be real here. We are all aware that bitcoin is being used as a way to earn profits but so far it's the only thing this coin is capable of doing. Sure there are some big establishments that allows the use of bitcoins for transactions but they dissallow shortly after because of how unsta le of a crypto bitcoin is. If someday cryptocurrencies will become stable, then I guess it's time to throw investment in the garbage and use it as a transaction tool but for the meantime, let's support bitcoin for whatever it is.

Let's be honest, bitcoin is not ready for that due to the high cost and slow confirmation, the problem that the community is facing right now is the fee's are just too high comparing to another platform and that's why people create altcoin in order to solve this issue. I might confess that purpose of creating bitcoin so people can send money anytime, anywhere, simply. Anyway i was introduced to bitcoin for the first time as a payment tool and it was helpful.

what high fees and slow confirmation?
you are either copy pasting some comment from 7 months ago. or you are just spamming. fees have been minimal for 9 years except for ~3 months last year! and currently they are minimal again and it has been like this for about 6 months now.

other "platforms" also suffer from the same problem. you just haven't experienced it because you either haven't been watching (for instance ETH had $5 fees at some point last year) or because those coins are too dead that nobody even uses them. no usage = no transaction on chain = empty blocks = low fee. if their usage increases for any reason their fees will go up also.

wrong.
the right way to create an altcoin is to solve issues but unfortunately that has never been the purpose so far. the real reason to create an altcoin is to make money. that is why they are pump and dumps.

Really true. The volatility and the price reduction is happening because people dont want to invest in bitcoin. bitcoin no more lures them for a great return and this is why I think its necessary for people to now understand and take btc as a medium of payment. See price of anything at the end increases due to its utility and utlity of btc is in using it as a mainstream method of transactions. So quit taking it as investment and start taking it as your main money.

It is hard to use Bitcoin as mode of payment at its state now since it is going down. You might lose, it is better to wait for the price to increase so you will benefit more even as you use as mode if payment.

Bitcoin is seen as digital gold, and I think that view of it actually makes sense. People buy gold because they think its better to hold onto than fiat currency. Bitcoin is the original, but it still takes a few minutes to confirm a transaction.

For crypto to be used as payments widely, something serious is going to have to happen in a specific country or globally, where fiat becomes volatile and unstable. Then a currency like Stellar, which is has a 5 second confirmation time, and extremely small fees, might become widely used for payments.

Actually, bitcoin has a lot of purposes and uses. It can be used for payment transaction or it can be good for investments, but I'll really believe that it depends on us on how we able to used it. If we think that investment to it are very helpful to us then why not, we don't need to stopped it, just do what the best for ourselves.

For how long are we going to wait? Won't that just make us misers?


That's overthinking: If I do this, this will happen. If I do that, that'll happen, what if instead of it going to 80$ it goes to 40$, you will feel happy then, but what about the person whom you bought it from, he'll be at loss won't he? We need to start thinking about others before ourselves and need to stop overthinking because it ain't gonna do us much good , this will be the stepping stone to make a better society.

If we want something we should just get it and not wait to make a profit.

We are a community created for the people, by the people.

(P.S. No hard feelings)

If Bitcoins became stable like fiat money where there is only small movements instead of the huge volitilty which is caused from people trying to make a quick buck,  by pumping and dumping then maybe more people would start to use it as currency which is what it was meant to be used for.

Yes,  I definitely agree with the proposal of the author of this thread. In my opinion,  most of the people that are with btc were more on investment mainly because of the immediate return of profit once it pump up. Using btc as a payment system is what the author's best proposal to let the people know that  btc is not only for investment and it be use for another purpose.  Let's support this idea as this is will make btc maintain in the mainstream of the crypto market.

Well, I totally agree with you this. I too want acceptance of bitcoin in day to day life and all sort of payment. Then we could use it as currency too. Using it as payment along with investment is necessary now.

And many guys have long used Bitcoin as a means of payment. Every year, the number of transactions for payment of goods is growing.

There has been some that take bitcoin as payment for their product,but i think it's still too early.Majority of bitcoin is held by some whale and the distribution is not even.If all people have bitcoin,that's when it can be used as payment,but now,it's too early.

well if you think of using it for making payment then it now depend on what you want to buy and how much more are bitcoin being used as form of payment just like credit card and paypal. bitcoin is still struggling to be used as form of payment because many people still think it still lack feature of been used as a legal tender. volatility is another reason why some merchant will not want to use bitcoin as payment processor because they are also in big risk holding bitcoin especially when the price goes down

it's not easy to make bitcoin just as a transactional tool considering the price of the bitcoin that keeps moving between up and down quickly. so to make a pure bitcoin just for a means of transactions would of course need the right time when bitcoin prices have a very stable movement.

Yes absolutely, bitcoin is a revolutionary step towards a more convenient world as it will make transactions easier for anyone. And the biggest advantage will be it's security features. It is better that we start using it as a mode of payment rather than an investment option.

Please read our blog: Reasons to fall in love with cryptocurrencies. Click here (https://blog.bitssa.com/fall-in-love-with-cryptocurrency/)

Why stop the former when you can have them both functioning for our own good. Investing in bitcoin means a lot to many of us in here because we found a chance to be rich. We can use it as a payment only if we have our own account. Investing in bitcoin is the start of getting involve to it and. using it as a payment is just a perk.

I don't understand the reason for saying to stop investing in bitcoin. Remember that investing in here is the start of involvement. You can't have bitcoin and use it as a payment if you don't have one. It's very irrelevant so please enlighten me cause it's very misleading. Start by investing and using it as a payment is just a function.

though the main reason why bitcoin is made is that we could pay  fast , efecient and low fees though at the time goes by it is using for investment and trading which  the reason why bitcoin is getting bigger and bigger over the time. Remember the pizza day? someone here in forum want to buy pizza using bitcoin and that is bitcoin starts climbing and notice by everyone.

That's right, when bitcoin stop this huge fluctuations and begin to be more stable then people will start to get attached and used it as a currency, what is happening right now are pushing away possible users, after seeing the heavy downfall they will be afraid to exchange their money, they won't used it for possible transactions being used in any payments as they are worried that the value will decrease any time when downfall happen again.

That's a good advice. Many people are not using bitcoin as in different countries it has not been legalized. However, in different companies the compensation of employees are given through bitcoin. I hope in future more companies and sectors will start using it as a means of payment. I'm very optimistic about it.

I agree with you partially. Because when people invest in bitcoin for making some profit, demand will be in a form. But the form or demand will be changed when you will buy it for payment system. But ultimately the value of bitcoin will affect your purchasing capability.

Well, very good topic I appreciate you. I also think that bitcoin shouldn’t be use as a forum of investment rather than it can be used as a way of payment. It will make the things better.

From what OP said its a practical solution of what we can achieve from been United and In my opinion I too think the best way to see bitcoin grow in value is more everyday use and less long term investments as this idea of not using btc for everyday usage is giving away the advantage crypto had,  forget about Visas upper hand of processing a lot more transactions than btc and lets wait for the lightning network to be fully operational and be able to compete once this is rolled out....for know we need to remind ourselves why btc came to life in the first place!!

that would surely returns bitcoin to its function as a peer to peer currency
but sadly most people hodl bitcoin as an investment for the purpose of making profit :-\  
the reason for that is because some countries prohibit the use of bitcoin as a mean of payment
so to avoid getting into problems, they are just using it as a form investment or commodity trading

if now we do, then the whales will benefit very much today
if you want to control bitcoin, you have to control whales behind bitcoin, because they are the original bitcoin players

yes i am a bit agree with your opinion
bitcoin should be a payment system rather than a form of investment
but what makes bitcoin a form of investment is the limited supply of bitcoin itself
and also to get bitcoin must be from mining activities
you also know to mine bitcoin should be with equipment that is not cheap and use high electricity costs

so i think until all bitcoin supply has been mined until then bitcoin will still be an investment form

we know that bitcoin has many advantages and also has many positive things, so bitcoin not only makes us happy, but bitcoin also makes us rich quickly because of uncontrolled fluctuations.

but I think that all the bitcoin functions like investing, being a tool of transactions, and trading cannot be separated. so all the bitcoin functions will always be used by everyone. and that's what will make bitcoin last for long time.

As of now that bitcoin has a lower price I don't think it is better to be as a payment especially not all governments are accepting bitcoin so it not all countries will use it as a payment and it is unfair for some people who are using bitcoin eventhough it is not acceptable in their country so we must should let businessmen invest more and more and let people recognize it first before implementing it right away.

This was a very informative post. You are right. Bitcoin is the most potential cryptocurrency in the world and it's time when it should be used for payment.

Mainly its really high time to take any step based on this crypto is using with fiat money in some perspective also you can pay property rent with it also Nederland govt. put btc atm in their airport so we can see the users are increasing nowadays so it should be used with fiat money also.

It's born and developed as a payment instrument, but it's really well known only when it's a huge investment, high return!

It’s a good perception based on this system we really need this to use it now because its already developed based on this many country accepting this currency also in some country the open BTC atm because of this you should use this crypto with fiat money so that it can be more popular.

That's impossible to achieve, at least now. Many new investors buy Bitcoin only because they want to sell it for slightly higher price. Not to mention ordinary people who will dump Bitcoin if its price decreases. People will treat Bitcoin as a currency if there will be more shops accepting Bitcoin. Lightning Network should help us with that but it will take a couple of months more for it to become popular.

It's a good idea, because bitcoins have made the payment faster and cheaper and become popular.But by the way we also find it hard to consider it as a form of payment system. Because of its volatile and unstable price. But only one answer would be to keep the whales in control of the market.

Bitcoin needs to find a stable value. That value will probably be somewhere between 2000 and 3000 dollars. We are all hoping for the growth but for the Bitcoin to stabilize itself and people start using it as a source of the standard payments it should actually fall. This current price is so volatile and that isn't promising as a source of payment. Bitcoin is still very good for the investors that are accumulating it and using it as a profit gaining machine. I don't know for certain what the future will bring but for now, the shoes will still need to be bought with the FIAT.

I agree with you. Bitcoin should be used as a money not investment because satoshi actually invent it for the purpose of alternative digital version of actual money. But it is still not old enough to be used as money. You see the value is volatile and some other issues that are restraining it to be used as money.

most of people use bitcoin as an investment because the price of bitcoin is volatility but to use bitcoin as a payment method in daily transaction is not as simple as you think because before we do that we need regulation from the government first but we all know just a few countries that totally accept bitcoin and so many countries that not support bitcoin. I personally can't use bitcoin as payment because the government of my country prohibit to use bitcoin as payment so bitcoin users in my country can only use bitcoin as an investment.

It is a very good point to be demonstrated but the thing is there will be no problem at all if you use the bitcoin as currency as well as investment. You just need to use the volatility with the flow.

I agree with you, but let's look at it this way, just now the value of bitcoin is determined by the number of demands and supply. Meaning if the supply is more than the demand, the value price drops. Bitcoin as a currency will not be affected by this particular factor. As a currency, a fix price value will be used if you using fiat to exchange for bitcoin. The decentralization idea behind the creation of bitcoin was to make the transaction of funds unlimited and not controlled by an individual or groups or authorities.

This question is needed to be shown on the global world government events,  because in my opinion most of the world government are not considering bitcoin as legit payment method or alternative one.

It is not possible to use it for payment as bitcoin has volatile price where the price of the commodities are fixed. I think there will be huge chaos if we step on to use it as payment.

Bitcoin is a good investment some people earn from it but bitcoin cannot use as a payment because of its volatility.

Exactly, the core concept of Bitcoin is all about using it as a payment system and it doesn't make any sense in the long term if we are using it merely for the speculation purpose. Remember the 10,000 BTC pizza, Bitcoin is valuable today just because the early adopters used it as a payment system and now it is our responsibility to do the same.

It's good idea but where to spend bitcoin?
For what?
In my country I don't know any store owner who accept bitcoin.
I can only buy some staff online, from abroad.
So, until situation improve, I will continue to use bitcoin as investment only.

When I was in college I started using bitcoin as a form investment but now that I am working and knowing a lot of people is using mobile wallet especially in our neighborhood. I started using it also as a payment specifically when the seller also have the same mobile wallet that I use. I could easily send btc to them in just a click.

We can not prevent people from making this form of payment only, especially as its price rises and falls. So we can not do it here because many investors are losing and of course paying for it. So it happens that the bitcoins will pump and dump. And if it does not happen, the price may go higher or even fall.

i dont think its the right time to use bitcoin as payment since it is still volatile. needs to be stable enough to be a viable form of payment,

Yes, I agree with you that it is necessary that people use bitcoin less as a means of accumulating value and more as a means of payment. But now nobody will hear your calls. Everything will be the same as before. Bitcoin will again grow in price and because of bad news and at the same time the manifestation of volatility will necessarily panic, after which bitcoin will drop to very low price values. This will be repeated many times until people are convinced on their own experience that if you keep bitcoin for a long time, it leads to losses. Only then will they stop using bitcoin more as a means of accumulating value. Until they fill themselves with cones on their heads, nothing will happen until then. So far, most of your calls will not be heard. Believe me, there is simply no other way, except for the usual long way through a multiple fall in price.

Why stop at investing when we can do both? I would want to use bitcoin as a form of payment. Its just that very few merchants accept cryptocurrency. At least, for now. Just have to wait a little longer.

Your right. But we cant force others to think the same way that you do.  People by nature would seek ways to profit and many would always think of bitcoin as an investment because that is the only way they understood it to be and because right now there are still many boarders that needs to be broken by any cryptocurrency theres: ignorance, acceptance in big an small industries or countries, proper knowledge and proper way to use bitcoin and so many other more to mention.

I agree with you, but you need to use bitcoin for payment in a reasonable amount, so that the balance remains the same for investment. The world will still come to this, and we must push it.

So, what you are expecting from your words? Bitcoin pumps? More buyers of Bitcoin? Well, the fact is, you can't.
Anyone can use Bitcoin for everything, you couldn't have to stop everyone to think if Bitcoin is a payment method.

That is a better way of using Bitcoin for all of us, and it would be good if most of the users listened, but only few actually will. Everyone thinks like "Why would I use it as a currency when I can get rich with it/ earn a lot of money?" The people who are manipulating the market are the big players and they don't care if the smaller fish is happy with the price, they want only money.

Over the years so many people sees bitcoin as a get rich quick scheme and at that they rush into bitcoin with the hope that they becomes rich over night forgetting the primary purpose of the invention of bitcoin which is the digital  currency and as a method of payments for goods and services.

I always prefered to use Bitcoins as a payment and currency and somehow I beleive that is its main purpose. Alternative currency and payment method confronted to conservative fiat currencies.
To use it as an investment was my second choice but I guess this depends on individual preferences and goals.
But I beleive Bitcoin was made with concrete and active purpose and that is payment.

Bitcoin IS amazing as a currency/payment method. The possibility and emergence of decentralized online marketplaces proved that point for me. Nowadays you can buy or sell everything freely, p2p, anonymously and safe on platform like OpenBazaar (https://openbazaar.org/), which allow global trade of goods and services with no middleman or fees. Personally, I prefer shopping there lately to both amazon&ebay, because of the convenience, ease, security, lack of censorship and simply for the sake of free trade and crypto evolution. This reflects my personal stance on this matter, unlike ebay\amazon\etc user policies and practices.
Those who think of bitcoin only as a mean of investment, are missing the whole picture, IMO.

lack of adoption making mainstream forced to sell their Bitcoins to FIAT first before they able to use it. The fact is currently, BItcoin is profit driven assets. Mainstream main usage of Bitcoin as an assets to generate income due to its volatility. It does not because they didn't want to, but they platform and merchant that accept Bitcoin for every need is lacking.

Although, we all know the fact that  that is the main purpose of bitcoin but we cannot deny the fact that most of us here are earning because of many investors, because of them the value is pumping and in that way we are earning a lot, of course I also like to use this just like a cash do but we cannot blame people who are doing that way.

But bitcoin price is very expensive on the market, peoples use it for investment.
it will be great if bitcoin used as currency to pay something than used as an investment to hold.
But first, the volatility of bitcoin is the obstacle to become a firm currency.

Just have patience and the time will come where people using it as a mode of payment and not form of investment because the price of bitcoin right now is pretty low which is the reason there are people who are not using it for their payment because they don't want to lose bitcoin and potential to earn more money by just holding.

This process is already underway, although it may not be as active as we would like. I would also like to see the bitcoin mission as using as a method of payment for all transactions and freedom from state control. But while many people have a thirst for short-term profit prevails.

the price of bitcoin can still adjust to the price of usd , that simply means you arent loosing anything but you can loose if you use your bitcoin in a form of asset because the value can somehow drop if ever you but and invest bitcoin starting from a high or mid price though , there is still  a chance that you can  recover it and possibly make a profit as long as you have a patience to wait.

in my own honest opinion , i think bitcoin is only suitable as an investment and not a currency because the transaction works verry slow plus it also cost more in terms of tansaction fees.

Easy for you to say to use bitcoin as a currency, what if you love in a country wherein they do not have or offer bitcoin as a payment how would you use it as a currency in the first place. Its a case to case basis thats why more people prefer to use bitcoin now as an investment because they cant use it yet.

But remember also that bitcoin also design as an asset or an investment perhaps there are only a little of numbers of merchants that accepted bitcoin as a form of payment, a large volume of bitcoin circulated is in exchange.

I don’t think I can do that right now. There’s not that many establishment that accepts bitcoin as payment as of the moment. But I would like to see that happen at the soonest possible time.

So the current bitcoin market is just for speculation, and if we want the community to grow, we have to let bitcoin be used by more people and more businesses to use bitcoin, only in this way the entire encrypted community is likely to go on.

Not everyone who buys bitcoin thinks of doing HODL and pumping, a lot of people buy bitcoin for them to spend in cyberspace. Like gold lovers, not all gold buyers make an investment to make a profit. They also buy so they can enjoy their beauty, even some of them are willing to lose a lot of money even though they have to buy at a high price.

If you want the price to become stable then we need to stop using as bump and dump coin or else the price will be volatile forever.I know still the bitcoin is not yet ready for payment because harldy ever we can find a shop who accept bitcoin as payment but what we can do is start holding them instead of buying and selling it will leads to the price will be more stable.

I absolutely agree with the fact that bitcoin does not need to be used so massively as a means of investment, that is, as a means of accumulating value. It needs to be used more as virtual money, as a means of payment. Otherwise, if it continues to be used as a means for long-term retention, it will rise in price, however, after that, a panic is also very likely, after which it can very low fall in price. For the crypto currency, this will be a serious blow, which will be much more serious than the current fall. This can be repeated many times, until bitcoin ceases to be used primarily for retention purposes of making a profit.

People's thoughts about Bitcoin are very diverse and whoever is can right, you see Bitcoin as a system or technology that people can use and can be useful. but most people see Bitcoin as a valuable asset and some even say as a Digital currency that can replace paper currency. I personally see Bitcoin as an Asset that someday people will need, but what you say is "really stupid if I make bitcoin as an asset".

for a layman like me, all this is very confusing, either who is right. but if we look at the function of Bitcoin, we can infer ourselves, what bitcoin would be!

Bitcoin is a technology Blockchain, Blockchain system has a very strong defense called decentralization which means, the right of all use he set by its own users.

the way the Blockchain System works is a chain, in every chain cover each other and strengthen so as not to be stolen by others. or we can describe as metamorphosis, meaning that every bitcoin block will develop and update itself and change the system code so it can not be stolen. I forgot the system is using Bit (maybe others can add it).

Bitcoin is currently used for transactions that replace paper currency and not through third intermediaries.

because the price is very volatile, it is used by some people to gain profit only. many are profitable and many are also losses, from here created bitcoin as a short-term asset and long-term assets.

from the above sentence string, you can all conclude what bitcoin will be, please!

You don't have to compare gold to bitcoin in this situation. People usually buy gold items, for example necklaces not only for beauty but because of it's very stable price. You have accecories which can turn into money in pawnshop if you are in a hurry, at least in my country a lot of people really own gold items for that reason.
And now what's about bitcoin, it's used for investment because it's easy to rise price or manipulate, you can see how coinmarketcup affected it's price in minutes, how china's one word affected it and there are a lot of examples. In reality bitcoin is payment way, anonymous and accessible for anyone. It's also great wallet too, you can own as much money as possible in one flash drive, create cold storage... There is a lot of things I can talk...
But bicoin is used for investment because of it's money making benefit, we can compare it to aids which are used by sportsmen because of it's benefits for them.

I agree with you about doing some shopping or something else using Bitcoin. It can be as a payment in a few years but not now. People are not ready for that

I have seen people buy low, hoping to sell it at a high level. But all I see is that people only talk about how much they earn, not how it can help people with no access to the bank. At the end of the day, we become barbarians and just thinking about profit is not good that it can do for us, rather than make us rich. So you can do both. You can use bitcoin as a currency but also have it as an investment.

Well said, but the fact that using bitcoin as a means of payment is hampered by regulations from different countries across the world, and subject to approval by the world financial institutions like IMF, World bank etc, and btc price fluctuations I.e unstable, highly volatile is another major setback in achieving the desire result of using it as a means of payment.

I understand your point, it is just that, Bitcoin doesn't need to be use just as one sole purpose. If we can use it as both, we should be able to maximize it and use it as both not just only as currency or only just as asset for investment. One of the things that makes Bitcoin awesome and great are the things that we can do with it, its multi purpose. Hence, adding more reasons why we love it.

I've also agree with this kind of idea. Bitcoin transaction is more faster than anyone else and it also less fee so other people will be able to patronize this kind of transaction. If we use bitcoin as a payment in every things we buy or sell. But due to the volatile price of bitcoin in the market, I think it's hard to introduce this to be a payment form.

absolutely concur with you, yet I don't believe it's that straightforward. We cant basically separate the two things, and despite the fact that fiat exists for individuals to utilize it to purchase and offer things, we have forex markets, where individuals simply exchange it for benefit. So my point is, that we will dependably have the two things in bitcoin, and that is splendidly ordinary. We do need to expand BTC utilize case, since right currently there are not very many individuals that utilization it as a money, yet we don't generally have a ton of alternatives to do that, so BTC still needs to develop facilitate first.

What OP say fits perfectly with what I expect, unfortunately governments in our country strictly prohibit if bitcoin's used as a currency (means of payment) and the government strongly condemns for those who adopt it.

One big drawback of Bitcoin which makes it inapplicable for small daily purchases is the transaction fees. These fees will rack up rather quickly if you don't use cash for things as small as a bottle of water or bus tickets. Bank-issued cards have 0% fees when used at a POS by customers, because the merchants are covering the fees unlike Bitcoin where we need to pay the miners so that we can move our coins around in due time. Money transmission of sizeable sums is where Bitcoin shines though, because banks charge more for international transactions while Bitcoin has a flat fee which is extremely small in comparison. In a nutshell, Bitcoin can save you a lot of fees when sending big amounts and cost you dearly when buying small things frequently.

If we're going to use bitcoin as a form of payment then the first thing to do is to stabilize the currency itself, since bitcoin was made decentralized its only become another issue. I don't want to buy an item with bitcoin for $1k just to know that the value will drop 10% the next day. Thats why lots of merchant trying to implement cryptocurrencies is thinking about. Since bitcoin price purely made by market or should i said that its hardly manipulated unless some "whale" holders were starting to jump off the board.  ::)

I totally agree with you for payment or transaction, because Bitcoin has a value that can not be in fake or made twice.

I think it's a constraint when the price of Bitcoin fluctuate then the price can not be controlled, let's say today we buy a motorcycle with 1 Bitcoin at $ 6,000 but tomorrow Bitcoin rises in price to 1 BItcoin = $ 8,000, then the price move in an instant this can be a miss komukiasi in the price of goods (motorcycle).

Can't wait for that day!  Remove all the middle men!

I think it is always good time to start investing in it. You don't need to stop it if you want to make payments. Technologies are still growing up and what kind of payments you can do depands from them. Getting profit and making payments are two different same but the same for everyone personally.

I don't think so, at least at the moment, because the volatility of bitcoin is still high, once day you use bitcoin to buy stuff, the day after, the price of one bitcoin could go up to thousand dollar, that means you might spend more to buy something with the same value. Then it won't be a right choice

bitcoins are created for digital currencies and they may be groups that want to forgive bitcoin as an investment, so bitcoin remains as a digital currency and can still be used as an investment.

It's a reality that people will think bitcoin as investment due to decentralize currency and in the future when all people will hold the supply will become limited and this will make the price rise to higher with a bigger profits those who hold. Although i see many countries use it as currency but here in my country I never see any department store that accepts bitcoin or cryptocurrency. We need to increase more adoption of bitcoin if we want this to be use as currency.

We can't really change how it has become. People come here for profit but who can blame them? Bitcoin has become a speculative asset that people make profit from.

It's so hard to see it in that way, even if Lighting Network can reduce the fees, it's about peolple's choice to make it happen. And when they are feared about losing cost opportunity it's inevitable to use it as an investment.

Unlucky no one seems to care about social revolution but to gain personal profit.

Since the vision of Satoshi to make bitcoin as a digital currency has swerved from payment for any commodities and services to investment scheme, it is really hard already to take that notion away from people especially those who already earned and become wealthy due to bitcoin / crypto investment.

This is ideal because this is actually what Bitcoin was created for. But we cannot really sway users from investing because they do see the great potential for profit in it. I wouldn't say that seeing Bitcoin as an investment rather than a form of payment is a disadvantage. This is just one of Bitcoin's features that many of us can take advantage of.

It is a big consideration and the question is when it start?
 We knew already bitcoin isn't accepted by some merchants and yet,  establishments isn't ready for this form of currency.  Of course,  they'll take chances of gaining more profit than of using it as payment for their transactions.

I agree to what you are telling us all you have said is true. For me BTC is a form of an investment and I am proud of it and I also see the BTC as it can help peoples who have a financial problem. For those who just want an earning from the BTC then it is not for them because in BTC it is not an earning for a day but it is an earning for a month you have to work for it for a months then you have to wait for your reward/earning from that month that you have work. Trading is not an earning for a day but for the week because in trading you have to monitor the price for a week before you can trade it. If you buy and then trade it right away then you will eventually might lose what you have invested. So for me if you buy now then you have to monitor the price for a week or lets say 3days before you trade it.

I agree with your point but I think this has become an issue because of
1. Btc volatility
2. The transaction fee.
Many of us here have been thinking same but the fact is, we are not willing to do that either especially when the price falls so I do think for this to happen, we need to initiate it.

Proceeding from what you said, it turns out that bitcoin is only then massively used as a means of payment when it reaches its maximum price. That is, when this happens, no one can say. In other words, bitcoin will not yet be used massively as a means of payment, that is, as virtual money, because everyone is still hoping for its rise in price. However, when people are convinced that bitcoin will not grow in price, it can only be if it falls very low in value and practically becomes useless to nobody. Hence the conclusion - bitcoin will almost never be used primarily as a means of payment, but only as a speculative means of accumulating value. This is a dead-end option for its development, because in any case it will lead to the rupture of its bubble, it is inevitable.

In order to stop using Bitcoin as an investment of funds and begin to use as a means of calculation, it is necessary a lot of coordination of financial supervision departments.