jacktheking (OP)
Legendary
 Offline
Activity: 1484
Merit: 1001
Personal Text Space Not For Sale
|
 |
June 23, 2015, 04:59:17 AM |
|
Alright. I have seen so many threads asking people to vote what they take Bitcoin as. These include currency, investment, payment and tipping etc. Now, if you can only choose between currency and investment.. What do you take Bitcoin as?
I take Bitcoin as a form of currency and investment. However, currency come first. I have never invested my money into Bitcoin. I only invested my time into Bitcoin.
I went to exchange and try to sell them at high price. Upon receiving the money from selling, I try to buy them again at lower price. This way, I can 1.2x or 1.4x my Bitcoin. And I will spend them online. I will never exchange them into USD or whatsoever currency and than withdraw them - unless I'm forced to.
What about you? Currency or investment?
|
So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.
Time to be active on the crypto forums again? Proud to be one of the few Legendary members of the Sparkie Red Dot!
Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
|
|
|
|
|
|
You can see the statistics of your reports to moderators on the "Report to moderator" pages.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
hua_hui
Legendary
Offline
Activity: 1386
Merit: 1016
|
|
June 23, 2015, 05:39:14 AM |
|
I mostly take bitcoin as investment, and am strong bitcoin believer! coz there is no many places accepting bitcoin payment!
|
|
|
|
|
nextgencoin
Legendary
Offline
Activity: 1106
Merit: 1000
|
|
June 23, 2015, 05:41:51 AM |
|
Alright. I have seen so many threads asking people to vote what they take Bitcoin as. These include currency, investment, payment and tipping etc. Now, if you can only choose between currency and investment.. What do you take Bitcoin as?
I take Bitcoin as a form of currency and investment. However, currency come first. I have never invested my money into Bitcoin. I only invested my time into Bitcoin.
I went to exchange and try to sell them at high price. Upon receiving the money from selling, I try to buy them again at lower price. This way, I can 1.2x or 1.4x my Bitcoin. And I will spend them online. I will never exchange them into USD or whatsoever currency and than withdraw them - unless I'm forced to.
What about you? Currency or investment?
its a pointless question, its both. |
|
|
|
|
Kprawn
Legendary
Offline
Activity: 1904
Merit: 1073
|
|
June 23, 2015, 05:51:52 AM |
|
I got into Bitcoin because it was a better payment method for online shopping than creditcards or wire transfers. I also do not trust PayPal. {So it started out as a currency} The more I learned about the "store of value" potential, I started to hoard a bigger percentage of the coins I bought. I can now say, the biggest percentage of my coins is in cold storage and I use very little for online payments and daily cofee and lunch.  It's great to have both options... You just choose, what percentage you want to use as a currency and how much you want to invest for later. |
|
|
|
PenguinFire
Full Member
Offline
Activity: 154
Merit: 100
That Darn Cat
|
|
June 23, 2015, 05:55:17 AM |
|
I would imagine most users here use it for both. I was first attraction to bitcoin as a form of currency I could "legally" gamble with. Then, slowly, I learned more about it and decided to invest in it. The rest is history.  I hope more for ways in the future to spend my coin. |
|
|
|
|
afriezalie
|
|
June 23, 2015, 05:59:11 AM |
|
Right now there are no many places or services accept bitcoin payment. I'll choose bitcoin as investment because right now bitcoin investment is very promising and profitable
|
|
|
|
|
NorrisK
Legendary
Offline
Activity: 1946
Merit: 1007
|
|
June 23, 2015, 06:02:03 AM |
|
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.  |
|
|
|
|
|
thebenjamincode
|
|
June 23, 2015, 06:12:30 AM |
|
for me bitcoin is more of an investment since its value increases and decreased dramatically
|
|
|
|
|
ajareselde
Legendary
Offline
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
|
|
June 23, 2015, 06:28:37 AM |
|
Well to me it's more of an investment project, but that wouldn't be possible if bitcoin wasn't a currency, since then it wouldn't have any reason to have value. I see it as a store of value in near future, used by many opportunity seekers and speculators, aswell as true believers in decentralization and banking rivals. Is there a specific reason you're asking this or? its a pointless question, its both.
The question was; if you can only choose between currency and investment. We know it's both. for me bitcoin is more of an investment since its value increases and decreased dramatically
And currencies don't oscillate in value ? Right .. cheers |
|
|
|
|
|
Possum577
|
|
June 23, 2015, 06:32:50 AM |
|
Why can't it be both? Gold is both. Silver is both. Cash is both, to an extent.
I vote for both, I think it needs to be.
|
|
|
|
Argwai96
Legendary
Offline
Activity: 1036
Merit: 1000
Thug for life!
|
|
June 23, 2015, 06:37:02 AM |
|
Well is actually both, just like those who invest in currencies the trading, bitcoin offers and future investment value and currency value with a bit more edge when it comes to operational cost, from sending X amount a crossed the world to paying a developer in bitcoin for software or a coding job.
|
|
|
|
|
|
Patejl
|
|
June 23, 2015, 06:44:41 AM |
|
its both currency and investment, people can invest in currencies too if you know about forex market where people invest in currencies and commodities
I take this as currency because i can buy many stuff with bitcoin and also keep collecting bitcoins for future.
|
|
|
|
NUFCrichard
Legendary
Offline
Activity: 1218
Merit: 1003
|
|
June 23, 2015, 06:54:16 AM |
|
I see it as an investment at the moment. It is a relatively poor currency right now, as I can't spend it in enough places without having to trust someone or buy vouchers.
I use it to buy Pizza online sometime, otherwise it is an investment and some holiday treat money when I visit a major city with more chances to spend Bitcoin.
|
|
|
|
|
|
jeannemadrigal2
|
|
June 23, 2015, 07:02:25 AM |
|
lets face it, the price is so volatile that we have to look at it as an investment. It will continue to be this way until (if) a large number of the population in the world uses it, and then that number of people stays about the same. At that point the price might not fluctuate quite so much.
|
|
|
|
|
|
nikona
|
|
June 23, 2015, 07:04:32 AM |
|
I see it currently as an investment and a currency in the future. It does not behave as a currency simply because its not widely used nor accepted by everyone. It behaves more like a commodity, which you can invest in. Once it gains more adoption, I would start thinking of it as a currency.
|
|
|
|
|
monsanto
Legendary
Offline
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
|
|
June 23, 2015, 07:13:46 AM |
|
What about you? Currency or investment?
Neither. Which makes it interesting. |
|
|
|
|
Amph
Legendary
Offline
Activity: 3206
Merit: 1069
|
|
June 23, 2015, 07:38:30 AM |
|
i want it to be a currency 100%, so no stupid vat applyed to it, but the reality is different, the true is that bitcoin is still treated as a investments in the most cases
and as long as the price will remain unstable, it will be treated as that
|
|
|
|
|
1FfmbHfnpaZjKFvyi1okTjJJu
Full Member
Offline
Activity: 164
Merit: 100
Im not 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
|
|
June 23, 2015, 07:43:52 AM |
|
Alright. I have seen so many threads asking people to vote what they take Bitcoin as. These include currency, investment, payment and tipping etc. Now, if you can only choose between currency and investment.. What do you take Bitcoin as?
I take Bitcoin as a form of currency and investment. However, currency come first. I have never invested my money into Bitcoin. I only invested my time into Bitcoin.
I went to exchange and try to sell them at high price. Upon receiving the money from selling, I try to buy them again at lower price. This way, I can 1.2x or 1.4x my Bitcoin. And I will spend them online. I will never exchange them into USD or whatsoever currency and than withdraw them - unless I'm forced to.
What about you? Currency or investment?
not bad for me im invest on some coin that have a great comunity and i get profit, some people not interesting because he not learn about that coin, research before buy and waiting Big red line ( hard dump) |
|
|
|
|
|
twister
|
|
June 23, 2015, 07:48:53 AM |
|
It's both, for people who use it daily it's a currency like I do it for gambling and buying some of the digital goods items and for people who just buy it and put it aside for long term, it's investment. But until we have more usage for it and more business accepting BTC it will be primarily used as an investment.
|
|
|
|
|
S4VV4S
|
|
June 23, 2015, 07:59:41 AM |
|
I got into Bitcoin because it was a better payment method for online shopping than creditcards or wire transfers. I also do not trust PayPal. {So it started out as a currency} The more I learned about the "store of value" potential, I started to hoard a bigger percentage of the coins I bought. I can now say, the biggest percentage of my coins is in cold storage and I use very little for online payments and daily cofee and lunch. It's great to have both options... You just choose, what percentage you want to use as a currency and how much you want to invest for later. Indeed it is great if you can do both. Can I ask how you bought your first coins? |
|
|
|
|
|
