Is Bitcoin an Investment or Payment form? Has it lost its purpose?

[skarais]

~~~

Newbie to the crypto space have a greater interest in using bitcoin as an investment asset as opposed to a means of payment. This is because these people aim to profit from it rather than using it as a means of payment. Although it seem true, but I think its function as a mean of payment is not lost because of this. In the future, as the adoption of bitcoin has increased more people will be more accustomed to using it as a mean of macro and micro payment.

[gundala]

if you say bitcoin has lost its purpose I don't think so, because we can see bitcoin is money in digital, which we can use to buy our needs, such as cars and other valuables, because the function of bitcoin is actually very much and the selling value is so high, that's why many people save bitcoins as assets, and invest. some people don't spend their bitcoins, because there are still many countries that don't want to accept payments in bitcoin..

after all, if there is a better function why should you regret other functions that have not fully worked? after all, the problem is only because of regulation, so the function of bitcoin as a means of payment cannot be maximized. but as time went on, adoption continued to grow, some big companies started making discourses for alternative payments using bitcoin or crypto. if this is really realized then it will be even better for the development of crypto.
After all, everyone has different tendencies, some choose crypto as an investment tool, trading commodity, and a means of payment.

[Questat]

We see alot of bitcoin integrations from paypal, mastercard but is there a public for that? With hour long payment confirmations, I just don't see it as a payment form in everyday life. Has bitcoin turned into an investment wagon or is there still a possibility of it becoming an everyday payment currency?

I just see this as a big struggle when we wanted instant but somehow, there is a time of long delays in confirmation especially when you pay the lowest pay. This gives some excuses and that is why I use to pay higher fees if I'm in a hurry but the good thing now is the fee is too small, we can set it on the maximum if we want almost instant, I think just only a few minutes it was already confirmed. Maybe sometimes we have to understand the situation but for me, being intended for a payment solution, that is still far from reality.

[Vaskiy]

Bitcoin can't be limited within a small space, it has evolved as a multi-purpose asset than a payment/investment asset. The purpose on which it got developed is to give financial freedom, but the usage happened on illegal activities and on gambling in the very beginning days. This gave bitcoin a bad image, and later things slowly started to change through its growth and people started believing in it. This way it has got different purposes and it depends on the users.

[nurilham]

if you look at the beginning of the creation of this technology, bitcoin was born as a digital currency asset.

How can you conclude that? Do you assume Satoshi introduced it as a digital asset? I think Satoshi just wrote on the Bitcoin whitepaper as electronic cash, which means it is purposed to be a digital currency. I didn't read if Satoshi told us to use it as a digital asset in the future. Or you probably found Satoshi commented on the forum that introduced it as a digital asset? Show me where it is? Anyway, please read again Bitcoin whitepaper https://bitcoin.org/bitcoin.pdf.

[uneng]

Bitcoin isn't strong as currency because most businesses don't accept it as payment and not because transactions take too long to get confirmed. There are many things I could pay with bitcoin and wait several hours or even days to have my transactions confirmed without any problems, but unfortunatelly I just can't. So I have to exchange my money into fiat first in order to use it, what is very pointless since I could be using that money in bitcoin. I believe if more services adopted bitcoin as payment we would see an exponential increasement in btc usage as currency.

However it's important to highlight I'm not talking about any kind of services. It must be daily high demanded services and businesses by common people, not some fancy or excentric brands.

[jinneas]

Bitcoin can be used as an investment method, and it can also be used for payment.
Bitcoin price instability and large fluctuations make it have a certain value. Buying at a low price and selling at a high price are benefits for many investors. Many people see the profitability of Bitcoin and use it as an investment currency to get profit.
In some areas, Bitcoin can also be used for payment and use it as currency.

[Connor Britton]

There are many ways to develop Bitcoin. Can be used for education, investment, technology,
Because of the emergence of the Lightning Network, Bitcoin can be used for daily payments, but some people will insist on holding it because of the value of Bitcoin.
Bitcoin is becoming more and more valuable, so more people invest in Bitcoin,
This is a good aspect. I don't think it has lost its purpose.

[Leviathan.007]

As you can see the on whitepaper of bitcoin, bitcoin was created to be a p2p payment method but regardless of that, if you want to transfer a huge amount of money or privacy of transactions is important for you, bitcoin can pretty useful for you because you will pay less than ten bucks for millions of dollars to be transferred, but for people who are looking to transfer a small amount of money, it's not reasonable to pay 3 dollars fee for a 3 dollar transactions. So, I would say in some cases bitcoin can be a good payment method. However, in my own idea bitcoin can be a much better investment because of the limited supply and huge growing demand, this can save you from inflection rate.

[shield132]

Currently Grayscale's bitcoin trust owns 654k and the top companies hold 200k, that's 854k bitcoins out of circulation from 21million, not to mention an estimated million more lost. We see alot of bitcoin integrations from paypal, mastercard but is there a public for that? With hour long payment confirmations, I just don't see it as a payment form in everyday life. Has bitcoin turned into an investment wagon or is there still a possibility of it becoming an everyday payment currency?

It's really used in both ways and at the same time, they work synergistically. When the demand on bitcoin for investment purposes rises, the number of transactions increases too.

But right now, I think that there is more demand on bitcoin as an investment form. And the quality of investors is very low, I mean, a lot of people enter the bitcoin market blindly and have no idea what it exactly is or what's the purpose of this coin, they just blindly follow other people.

Bitcoin lost it's purpose but it has nothing to do with the demand on bitcoin as an investment vs bitcoin as a payment form. The real reason is that Bitcoin got very regulated, people don't use it to get rid of 3rd parties, instead, we demand on them when we use crypto visa cards, exchanges, commercial payment gateways, etc.

[cotton ball]

There are many ways to develop Bitcoin. Can be used for education, investment, technology,
Because of the emergence of the Lightning Network, Bitcoin can be used for daily payments, but some people will insist on holding it because of the value of Bitcoin.
Bitcoin is becoming more and more valuable, so more people invest in Bitcoin,
This is a good aspect. I don't think it has lost its purpose.

it's true as you say bitcoin never loses its purpose, only people who are anti bitcoin say bitcoin has lost its purpose, in fact we have gotten a lot of benefits from bitcoin, we have also felt positive things from bitcoin .. if anyone says bitcoin lost its purpose, i totally disagree..

[conected]

There are many ways to develop Bitcoin. Can be used for education, investment, technology,
Because of the emergence of the Lightning Network, Bitcoin can be used for daily payments, but some people will insist on holding it because of the value of Bitcoin.
Bitcoin is becoming more and more valuable, so more people invest in Bitcoin,
This is a good aspect. I don't think it has lost its purpose.

it's true as you say bitcoin never loses its purpose, only people who are anti bitcoin say bitcoin has lost its purpose, in fact we have gotten a lot of benefits from bitcoin, we have also felt positive things from bitcoin .. if anyone says bitcoin lost its purpose, i totally disagree..

- Bitcoin has had independent purposes for many fields to enhance anonymity and security as well as provide payment value but individual bitcoin's original intentions have been disrupted by too many of us, turning it into an investment tool and erasing its personal footprint. Bitcoin has ceased to be a traditional version and maintains the old independent thinking, it's become a full-fledged investment in a sense, the old purposes haven't gone away but you or many people also realize the dwindling of these purposes, only used to advertise as feature variety of bitcoin

[Alex Peters]

Reasons for Bitcoin as an investment:

1. Increasing global recognition
2. High return on investment, high cost performance
3. Security and decentralization

Just to say which aspect Bitcoin prefers depends on what benefits we hope to obtain.

I think that besides using Bitcoin as a payment method, it is a wise decision to invest at least a little bit.