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bitnanigans
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June 23, 2015, 08:01:03 AM |
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I use it as both a currency and an investment, to be honest.
When I get paid in bitcoin, I spend some of it on sites that accept bitcoin and save the rest, and if the fiat price goes up during the period I hold, then that's an added bonus.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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pooya87
Legendary
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Activity: 3430
Merit: 10505
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June 23, 2015, 09:03:32 AM |
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i would love to be able to consider bitcoin as a currency but so far i used it as a way of investment.
invest my money in bitcoin by buying when the price is low and store it, additionally i did the same thing you talked about in the OP for a while but now i focused all my attention to trading altcoin.
so i can say that i pretty much use bitcoin as an investment and a way to earn money.
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amiryaqot
Legendary
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Activity: 1050
Merit: 1000
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June 23, 2015, 09:21:02 AM |
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BTCitcoin is more than a normal currency for me it is future of currency because it is decentralized and the government has no control over it, it is like freedom with privacy for taking it as investment in most cases so there is very solid reason for that too so many prediction from financial experts which are showing indicator it will go more high than over $1000 by the end of this year.
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Herbert2020
Legendary
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Activity: 1946
Merit: 1137
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June 23, 2015, 10:06:25 AM |
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i use bitcoin as an investment. i get bitcoin from different revenues and also i buy too. i hold bitcoin for long term investment to get the profit but i don't consider it as a get rich quick way.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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fravia
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June 23, 2015, 10:21:40 AM |
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IMO 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.
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Q7
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June 23, 2015, 12:05:39 PM |
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That will be both but for me, currency definitely comes first. I can imagine that in the future, I can use it to spend on practically anything and it's more like a wealth protection knowing that the value of my coins would not be manipulated.
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Digit-0
Full Member
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Activity: 199
Merit: 100
in the end, you only find the beginning
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June 23, 2015, 12:18:33 PM |
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I mostly take bitcoin as investment, and am strong bitcoin believer! coz there is no many places accepting bitcoin payment!
Same as me, as investment, now i just hold all of my BTC and keep it safe for a near future. |
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AtheistAKASaneBrain
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June 23, 2015, 12:31:45 PM |
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Most people still use it as an investment that they hold and hope for a revaluation in the future which may or not make it back to their local fiat. Why? because people perceive BTC as something valuable like gold, rather than cash. Only in situations where they would have a solid benefit (overseas transaction or whatever) they would use BTC imo.
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Netnox
Legendary
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Activity: 2044
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June 23, 2015, 12:33:41 PM |
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Definitely currency, there are better investments, investing in bitcoin in the past 20 months hasn't been successful for anybody and the argument for holders is usually to "look longterm". If it is being used as a currency then it will also be positive for investors.
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el kaka22
Legendary
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Activity: 3500
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
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June 23, 2015, 12:36:33 PM |
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I definitely think that bitcoin is a currency, however many people in my city just thinks that it is an investment  Bitcoin is indeed a currency! It can be traded with other currencies like USD/EUR etc. And it can also be used online, just like fiat currencies can be used in shops. |
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scarsbergholden
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June 23, 2015, 12:38:40 PM |
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It plays on both side, many of of are hoping being part of this bitcoin culture with having a little to a lot would change the life we currently have based on a redistribution of wealth, mean while we offer our services to earn bitcoin and buy what is need it with it.
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ShetKid
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June 23, 2015, 12:44:29 PM |
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Bitcoin is designed to be used as a Currency, but it is being used as an investment. Unless more and more people start using it, it will remain as an investment.
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Anirban Sarkar
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June 23, 2015, 01:08:47 PM |
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Investment is needed to grow money so investment is needed!!!
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OmegaStarScream
Staff
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June 23, 2015, 01:13:38 PM |
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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?
I take it as an investement for the simple reason that I'am buying it to make profit , I buy it , I hold it , I wait till the price rise as hell then I simply sell it . and If I see it dropping instead of rising Iwill just sell it too so there is less damage i guess |
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Daniel91
Legendary
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Activity: 3374
Merit: 1824
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June 23, 2015, 01:50:01 PM |
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For me BTC is investment.
I joined several signature campaigns until now in order to collect some BTC.
Now, I keeping this BTC in my wallet with hope that value of BTC will raise again, so that I can sell it for the good profit.
Some of this funds I cash out through exchangers and invested in other internet businesses.
I don't have interest to buy something with BTC right now.
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afriezalie
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June 23, 2015, 04:33:22 PM |
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For me BTC is investment.
I joined several signature campaigns until now in order to collect some BTC.
Now, I keeping this BTC in my wallet with hope that value of BTC will raise again, so that I can sell it for the good profit.
Some of this funds I cash out through exchangers and invested in other internet businesses.
I don't have interest to buy something with BTC right now.
Agree. As there are no many services accept bitcoin, i'm saving bitcoin in my wallet too until right now. I collect BTC from signature campaign and faucet until now. I will collect BTC until it's price raise up. |
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rayhan
Sr. Member
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Activity: 378
Merit: 250
be your self
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June 23, 2015, 04:45:15 PM |
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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?
Currency for me too. I have also used bitcoins for currency-exchange purpose. Sell at higher price and buy at lower price. Only difference, I buy only whatever amount I sell. That way I earn fiat and btcs both. |
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LiteCoinGuy
Legendary
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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June 23, 2015, 04:47:23 PM |
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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. its a ledger  |
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Rishblitz
Full Member
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Activity: 308
Merit: 100
I'm nothing without GOD
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June 23, 2015, 04:54:25 PM |
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Defiantly a investment.
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Clint
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June 27, 2015, 02:58:32 PM |
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No question bitcoin is more of a currency than investment. But we have to think upon ourselves when was the last time we bought something with btc, for me it was long ago. And when was the last time we used btc just like we would use USD. I think for most us on this forum, btc have become more of an investment method instead of regular concept of money. That's just my opinion, because I invest way more than I use it to purchase goods/services.  |
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