The dual purpose of bitcoin.

[Jubilee58]

Bitcoin is a cryptocurrency with several use cases, and it will interest you to know that bitcoin is serving two purposes, which is both as a digital currency and as an investment asset.

As a digital currency, bitcoin is used for peer to peer transactions, allowing the users to send and receive money without the need for our local banking system, and you can equally use bitcoin to make international transactions and at a very low rate.

As a digital currency bitcoin is also used to purchase digital goods and some other services, and their a some individuals and organisations that even accept payment in bitcoin.

Then as an asset for investment, when you invest your money in bitcoin, the value of your money increase as bitcoin increases, bitcoin is a store of value as some countries, organisations and individuals use bitcoin to diversify in their investment.

What is your take on this very discussion.

[Ojima-ojo]

Bitcoin is alternative to the centralized third party government controlled financial system where everything is controlled, Bitcoin gives it users and holders the freedom to be their own Bank and control their finances.

Freedom comes from the understanding that Bitcoin is self custody and as long as you keep your own coins  away from centralized parties you have the freedom of your own assets and currency.

[Sanitough]

That’s how advantageous bitcoin is. As much as you can use it as a mode of payment, and create transactions across all borders, hence you can also gain profits when you take bitcoin as a store of value that continue to increase its potential value year after year. Just be more open to bitcoin’s volatility, since it creates possibilities for bitcoin to reach an all time high more than we expect it to be.

Bitcoin’s dual purpose creates more uniqueness compared to fiat, aside from the fact that while fiat’s value depreciates, bitcoin itself continue to appreciate its own potential value in the long run.

[Donneski]

I've always made the argument that Bitcoin’s dual nature is one of its strongest appeals. It’s money you can spend today and wealth you can preserve for tomorrow. The beauty of it lies in the fact that it gives people financial freedom both on flexibility for everyday transactions and security for long-term value storage.

However, the main challenge is getting more people and businesses to actually use it as currency rather than just holding it as an investment. Once adoption spreads more evenly between usage and holding, we’ll start to see Bitcoin’s full potential unfold, not just as a digital asset but as a truly global financial system that operates outside the limits of traditional banking.

[Stalker22]

What is your take on this very discussion.

What discussion?  There is nothing to discuss here.

[Just Common]

As a digital currency, bitcoin is used for peer to peer transactions, allowing the users to send and receive money without the need for our local banking system, and you can equally use bitcoin to make international transactions and at a very low rate.
As a digital currency bitcoin is also used to purchase digital goods and some other services, and their a some individuals and organisations that even accept payment in bitcoin.

Bitcoin is effective in all aspects, it is not only for transactions and investments, but also for keeping yourself more private internationally and controlling money properly. You look at faraway El Salvador, they are doing everything with Bitcoin. And humanity is living its life from small to big, all kinds of children to adults are using Bitcoin and learning about Bitcoin.

Then as an asset for investment, when you invest your money in bitcoin, the value of your money increase as bitcoin increases, bitcoin is a store of value as some countries, organisations and individuals use bitcoin to diversify in their investment.
What is your take on this very discussion.

You can also observe and see that currently different countries and other individuals are holding Bitcoin, using Bitcoin as a reserve to strategize for the future and economic strength of the country. So here the demand for Bitcoin is rapidly building and the price is increasing drastically, it is only possible to buy Bitcoin and hold it for a long time and earn the most profit.

[BattleDog]

Bitcoin is, at its core, a scarce bearer asset on a global settlement network, and from that single base you get payments that clear fast, savings that no one can dilute, and collateral that settles without permission.

The price swings are the market feeling out a value for irreversible finality, so it makes more sense to judge it over multi-year cycles than over a noisy week while fiat is engineered to lose purchasing power slowly.

[tread93]

Bitcoin is a cryptocurrency with several use cases, and it will interest you to know that bitcoin is serving two purposes, which is both as a digital currency and as an investment asset.

As a digital currency, bitcoin is used for peer to peer transactions, allowing the users to send and receive money without the need for our local banking system, and you can equally use bitcoin to make international transactions and at a very low rate.

As a digital currency bitcoin is also used to purchase digital goods and some other services, and their a some individuals and organisations that even accept payment in bitcoin.

Then as an asset for investment, when you invest your money in bitcoin, the value of your money increase as bitcoin increases, bitcoin is a store of value as some countries, organisations and individuals use bitcoin to diversify in their investment.

What is your take on this very discussion.

I would just add the ease of transfer of wealth is also super important to state. One cant simply cart all of their gold to the other end of the globe without a rigorously costly journey at that. Bitcoin however does this with ease! It does require a bit more understanding than that of gold as well. In order to use it I mean you do have to have the basic fundamentals down. The duality of the investment and currency is a nice pairing though absolutely

[Popkon6]

Bitcoin is suitable for all kinds of purposes, the purpose for which you use it is suitable for you. Some are using Bitcoin for holding, some are using Bitcoin to increase money several times, or some are using Bitcoin for transactions. Different people have established a relationship with Bitcoin for different purposes, so I would say that Bitcoin is suitable for any purpose only depends on the use. If someone wants to import and export from the country and abroad, Bitcoin will be the best for transactions, and if you use it for holding, it is suitable for keeping it for a long time. So I say Bitcoin is suitable for all purposes and will be suitable in the future.

[Rashlyowl]

Both are the purposes of BTC in general, in particular, BTC was born to replace the broken central system. There is no need to be afraid of anything that happens in centralized systems, as long as there is electricity, we can still conduct cross-border transactions.

What is your take on this very discussion.

Sorry bros, but I don't see any discussion here, you're just stating something I think everyone already knows. If you want to start a discussion, make sure you have a good starting question first.

[BlackBoss_]

Bitcoin is a cryptocurrency with several use cases, and it will interest you to know that bitcoin is serving two purposes, which is both as a digital currency and as an investment asset.

As a digital currency, bitcoin is used for peer to peer transactions, allowing the users to send and receive money without the need for our local banking system, and you can equally use bitcoin to make international transactions and at a very low rate.

As a digital currency bitcoin is also used to purchase digital goods and some other services, and their a some individuals and organisations that even accept payment in bitcoin.

Then as an asset for investment, when you invest your money in bitcoin, the value of your money increase as bitcoin increases, bitcoin is a store of value as some countries, organisations and individuals use bitcoin to diversify in their investment.

Bitcoin has many use cases, utilities and you don't have to debate with the others about this. Whether they recognize these usecases or not, Bitcoin simply is Bitcoin with all those available use casers but different people can have different view on it and they can use or even ignore Bitcoin in very different ways.

Bitcoin is not here to satisfy all people, it is what it is and the people can use Bitcoin or ignore Bitcoin. They can get benefit with Bitcoin blockchain, bitcoin or have nothing if they don't believe in Bitcoin from technical, fundamental finacial aspects.

The bullish case for Bitcoin can help you knowing more insights about Bitcoin.

[ABCbits]

What is your take on this very discussion.

Only two? Some people also use Bitcoin as cloud/public storage these days. On top of that, IMO almost all of the arbitrary data are worthless and could just stored on their own device or different P2P file sharing protocol.

[Gozie51]

Although nothing new to discuss about the two major purpose of bitcoin which is for financial transaction as money ( playing all the roles of money like borrowing, lending, security etc) and investment. However, it is more of P2P financial transaction creating freedom from government and banks. It is important to know that bitcoin is against third parties interference. So I can do a business transaction with the next person without point of sale services, bank involvement or bank intermediaries like microfinance systems, only me and you can be good in our business transaction to the exclusion of the world.

[BitGoba]

Bitcoin is a cryptocurrency with several use cases, and it will interest you to know that bitcoin is serving two purposes, which is both as a digital currency and as an investment asset.

As a digital currency, bitcoin is used for peer to peer transactions, allowing the users to send and receive money without the need for our local banking system, and you can equally use bitcoin to make international transactions and at a very low rate.

As a digital currency bitcoin is also used to purchase digital goods and some other services, and their a some individuals and organisations that even accept payment in bitcoin.

Then as an asset for investment, when you invest your money in bitcoin, the value of your money increase as bitcoin increases, bitcoin is a store of value as some countries, organisations and individuals use bitcoin to diversify in their investment.

What is your take on this very discussion.

Bitcoin is money  and that’s its only use cases,, to be money


You re probably wondering now  but what is money?

Money has three primary functions a store of value, a unit of account, and a medium of exchange.

Medium of exchange - People use money to exchange it for other goods or services it is the ultimate good that every other good or service can be bought with. Through money, all products of human labor can be traded.

Unit of account - Money serves as a means to express the value of a particular good or service. Just as we measure mass in kilograms and length in meters, we measure the value of goods and services in money.

Store of value-Money should maintain its value over a long period so that it can be exchanged for goods and services when needed. This means money allows people to preserve their purchasing power for future use. When we earn money, we can save it and use it later to buy goods and services.

[Aanuoluwatofunmi]

Bitcoin is a cryptocurrency with several use cases, and it will interest you to know that bitcoin is serving two purposes, which is both as a digital currency and as an investment asset.

Bitcoin covers a number of benefits we received from it use in the financial economy of how things are being done and have saved a lot from the incidence of inflation, I see the benefits of bitcoin far beyond the two aspects OP mentioned, because it has been helpful in the past, today and will even do more better in the future to come as it's grants the financial freedom we couldn't have achieved using the centralized system.

[CryptoYar]

This is strongest thing of Bitcoin as it can be both currency which makes direct payments cheap and direct, without banks and good item means it is like Digital Gold, which is not changed by inflation because of its limit of 21 million, and more people use it, more worth it becomes, and the more worth it is, more safe it becomes. But this two sidedness is problem its price tends to move too much, which is great to invest in but bad to buy something on daily basis, and too much trading can cause increase in transaction fees. So main thing that Bitcoin has done to date has been as way of keeping wealth, but future of crypto money depends on new features of Lightning Network that will see it become fast and cheap digital currency to all.

[100steeze]

Personally, I think Bitcoin is more than just a digital coin. it serves two powerful purposes in the world today.  It acts both as a digital currency and as an investment asset, and understanding this dual role helps explain why it has become such a global phenomenon.

As a digital currency, Bitcoin allows people to send and receive money directly, without relying on banks or traditional payment systems. This peer to peer system makes transactions faster, more private, and often far cheaper than international transfers through conventional channels. Many individuals and organizations now accept Bitcoin as payment for goods and services, giving it real world utility. For people in countries with unstable currencies or limited banking access, Bitcoin can even serve as a reliable alternative for everyday financial transactions.

On the other hand, Bitcoin is also widely viewed as an investment asset. Because it's supply is capped at more than 21 million coins, it has become almost a scarce digital commodity that is often compared to as digital gold. As Bitcoin value increases over time, those who hold it see their wealth grow, making it an attractive option for investors looking to diversify or protect their assets from inflation. Many countries, institutions and individuals now treat Bitcoin as a long term store of value.

In essence, Bitcoin bridges two worlds. the world of spending and the world of saving. Its role as a currency drives everyday adoption. While its strength as an asset attracts long term investors. Together, these two purposes give Bitcoin its unique power and make it one of the most transformative innovations in modern finance.

[batang_bitcoin]

Then as an asset for investment, when you invest your money in bitcoin, the value of your money increase as bitcoin increases, bitcoin is a store of value as some countries, organisations and individuals use bitcoin to diversify in their investment.

What is your take on this very discussion.

And don't forget the very El Salvador that has made it as a legal tender, one only as of now and them with their bitcoin holdings, they're in massive profits already. Other countries are following the trend and using bitcoin as an asset that they're also holding which is a good sign that we're seeing from them. They're noticing how valuable bitcoin is and they cannot stop themselves from watching it grow if they're not going to ride and buy any of it. So, from institutions to countries, we have them already but do not be so overjoyed by it because they have clear intentions of making money and soon they'll have to sell.

[BitMaxz]

There's not so much difference between Bitcoin and foreign currency. If you are living in a 3rd world country, converting your money into USD is also a good investment, but it takes years to notice the profit depending on economic events.

So BTC doesn't have much difference from foreign currency;
It can also act as currency, and the only advantage of BTC is that it is more volatile, and the profitability is much higher in the long term.