A currency or investment?

[stallion]

I think bitcoin is a poor currency right now. It is treated more as an investment at the moment. It will gain strong strength when it stabilizes, that's when bitcoin will be taken seriously, that's when people can use it as an amount of exchange and used as currency because it will have a definite value all the time and won't be changing all the time.

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[BillyBobZorton]

I think bitcoin is a poor currency right now. It is treated more as an investment at the moment. It will gain strong strength when it stabilizes, that's when bitcoin will be taken seriously, that's when people can use it as an amount of exchange and used as currency because it will have a definite value all the time and won't be changing all the time.

All currencies are like that at the begining. Merchants are limited and those that use it are niche consumers. The volatility is also high as hell. Eventually things smooth out. With Bitcoin will be like nothing ever seen before.

[HarHarHar9965]

I think bitcoin is a poor currency right now. It is treated more as an investment at the moment. It will gain strong strength when it stabilizes, that's when bitcoin will be taken seriously, that's when people can use it as an amount of exchange and used as currency because it will have a definite value all the time and won't be changing all the time.

I think bitcoin can be perceived as more than just a currency, I think it can even be assumed as more than just an investment. Rather than just limiting its future to a function of exchange, or a source to invest and gain money, it can be much more than that. Low inflation risk, low collapse risk,safe and simple. Its the easiest to carry and... untraceable.

[aso118]

I think bitcoin is a poor currency right now. It is treated more as an investment at the moment. It will gain strong strength when it stabilizes, that's when bitcoin will be taken seriously, that's when people can use it as an amount of exchange and used as currency because it will have a definite value all the time and won't be changing all the time.

It will take time, but eventually it will get there. Right now, people who buy bitcoins think of it as an investment which has the possibility to yield huge returns.

[expert4knowledge]

Although the prices of bitcoin had a few fluctuations and I strongly think that it can help the bitcoin becomes more stabilized in near future.

[adzino]

Like others said bitcoin right now is both a currency and a kind of investment. Prices of bitcoins aren't stable yet. It's volatile right now.

So this fluctuation sometimes helps people make profit. So some people consider this as an investment. Is also considered this as currency(more like an unconventional currency)  because people can buy stuffs with it.

[Mehek]

I’m absolutely certain that in some parts of the world at the moment you could gain investment with the following business plan:
1) Create new digital currency.
2) Allocate 10% of new coins to investors.
3) Profit!

So I’m not sure that I see anything to stop a near endless invention of new digital currencies. And given that I don’t I can’t see what value most to all of them are going to end up having.

Link to complete article: http://www.forbes.com/sites/timworstall/2013/12/12/why-invest-in-bitcoin-when-you-could-invest-in-another-currency/

[JarvisTechnology]

I think bitcoin is a poor currency right now. It is treated more as an investment at the moment. It will gain strong strength when it stabilizes, that's when bitcoin will be taken seriously, that's when people can use it as an amount of exchange and used as currency because it will have a definite value all the time and won't be changing all the time.

It will take time, but eventually it will get there. Right now, people who buy bitcoins think of it as an investment which has the possibility to yield huge returns.

Bitcoin is digital currency,but as of now there is no such places accepting bitcoin as payment!
It required time to stabilized in future to use it as currency.
For now bitcoin is working with investment and that too in short term investment.
Investment may in fund,individual companies .etc

[HeroCat]

More like currency, as investment not yet 

[Amph]

More like currency, as investment not yet  

it's the opposite, otherwise people would have been used it more, and less market manipulation will occur, also the price should rise, in the event that they will really consider it as a currency

it is also true that bitcoin need investments in it for succeed at least for the time being, investments could be considered the launch pad for the currency aspect of bitcoin

[bryant.coleman]

it's the opposite, otherwise people would have been used it more, and less market manipulation will occur, also the price should rise, in the evnt that they will really consider it as a currency

Exactly. And IMO, Bitcoin is more and more being used as an investment asset nowadays. A few days ago, I was watching an interview with the Bitpay CEO. According to him, the number people who are willing to make payments in Bitcoins have fallen steeply in the last 6-7 months, as most of the users are now stashing their coins instead of spending them.

[mrhelpful]

I see it more of it as a money transmitter similar to western union.

Rather then being a currency focus, I just see it as more of a utility usage.

[techgeek]

Well actually bitcion means to be money and is the meida of exchanging goods or services. Because bitcoin has much potential so ppl may hoard it for the future. But most of the coins shouldn't be hoarded there. There is no or little transaction fees collected by the miners. Miners might not be satisfied with that situation, specially after the mining reward halving, and leave the mining industry,  which is hurting the bitcoin's network. The price cannot be increasing infinitely. Hopefully the bitcoin's price will be stable and the ecosystem has some balance, as the adoption rate increases and the halving aproaches as well as...   

I`m actually opposite of what youre writing about here.

You mention lots of people are hoarding it, I`m more of selling it at a certain price point, once it gets to $300 minimum solid then buy back in when it falls.

I only see bitcoin as a blackmarket at this present time and money laundering.. I can be wrong but whatevers.

[Miracal]

I’m absolutely certain that in some parts of the world at the moment you could gain investment with the following business plan:
1) Create new digital currency.
2) Allocate 10% of new coins to investors.
3) Profit!

So I’m not sure that I see anything to stop a near endless invention of new digital currencies. And given that I don’t I can’t see what value most to all of them are going to end up having.

Link to complete article: http://www.forbes.com/sites/timworstall/2013/12/12/why-invest-in-bitcoin-when-you-could-invest-in-another-currency/

That is a nice article, thank you for posting. I feel the same a out how all these other crypto currencies just start their own currency, give out 10% to owners,etc and after proper moves, start gaining profit. Bitcoin is obviously strong and better, but such currencies kill the respect quotient.

[HarHarHar9965]

I’m absolutely certain that in some parts of the world at the moment you could gain investment with the following business plan:
1) Create new digital currency.
2) Allocate 10% of new coins to investors.
3) Profit!

So I’m not sure that I see anything to stop a near endless invention of new digital currencies. And given that I don’t I can’t see what value most to all of them are going to end up having.

Link to complete article: http://www.forbes.com/sites/timworstall/2013/12/12/why-invest-in-bitcoin-when-you-could-invest-in-another-currency/

That is a nice article, thank you for posting. I feel the same a out how all these other crypto currencies just start their own currency, give out 10% to owners,etc and after proper moves, start gaining profit. Bitcoin is obviously strong and better, but such currencies kill the respect quotient.

Yes, but even if bitcoin might be the first crypto currency in the world, it doesn't mean that it will be the last. The only thing which keeps bitcoin ahead of others is more thorough adaptation of this currency compared to others.

[BitcoinNewbie15]

I do use Bitcoin as a currency to purchase things some times. It can be a mix of both, a currency and an investment, i guess. I have invested Bitcoin, and I have also used Bitcoin to purchase things. If Bitcoin was accepted everywhere, then I would be more than happy to use Bitcoin as mainly a currency.

[Slark]

I’m absolutely certain that in some parts of the world at the moment you could gain investment with the following business plan:
1) Create new digital currency.
2) Allocate 10% of new coins to investors.
3) Profit!

So I’m not sure that I see anything to stop a near endless invention of new digital currencies. And given that I don’t I can’t see what value most to all of them are going to end up having.

Link to complete article: http://www.forbes.com/sites/timworstall/2013/12/12/why-invest-in-bitcoin-when-you-could-invest-in-another-currency/

That is a nice article, thank you for posting. I feel the same a out how all these other crypto currencies just start their own currency, give out 10% to owners,etc and after proper moves, start gaining profit. Bitcoin is obviously strong and better, but such currencies kill the respect quotient.

Yes, but even if bitcoin might be the first crypto currency in the world, it doesn't mean that it will be the last. The only thing which keeps bitcoin ahead of others is more thorough adaptation of this currency compared to others.

Creating new altcoins is total waste of potential. Only delusional fools possessed by greed are going that way. I was fooled before by promises of new altcoins and I won't be fooled again.
All we truly need is put all resources into bitcoin and improve it - it will the best course of action. Stop Wasting time on the pump and dump trash coin.

[ThEmporium]

I currently see it as a nice investment for future use as  a currency if you get what I mean.. Buy cheap now, spend while high later.

I appreciate your brave thoughts about investment regards to the Bitcoin. However do you know any time limit set for the higher rate in years down the line, which you would expect it as a profitable in terms of currency denomination.

[avatar_kiyoshi]

I do use Bitcoin as a currency to purchase things some times. It can be a mix of both, a currency and an investment, i guess. I have invested Bitcoin, and I have also used Bitcoin to purchase things. If Bitcoin was accepted everywhere, then I would be more than happy to use Bitcoin as mainly a currency.

Actually bitcoin be the both, I personally use bitcoin as both.

I don't think if bitcoin be a main currency, except the gov/country is collapse like Greece, they use bitcoin now as main currency.

[SmartIphone]

For me bitcoin is a currency, i dont see any investment . It can be investment if you see from another angel