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Question: Do you use bitcoin as currency or investment?
As currency
As investment
Both of them
I don't know/I don't care

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agustina2
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September 02, 2016, 04:56:27 PM
 #1221

i already vote for both of them because as a investors or as a bitcoin miner , we all know that we are using bitcoin currency to invest so that we can grow our money with out doing anything just to sit infront of our computer and some investors are using bitcoin currency to gamble their money so that they can easily double their money as 123 and their always taking the risk
well for me i will vote both of them too because they're many investors now who choosing bitcoin so that they can use it as a currency to start investing or trading because investors are always thinking that they can easily grow they're money in bitcoin which is they choosing it because it is easy to use

Both is the actually the real option for most bitcoin users because most of us use it as an investment to grow what we already has and the purpose of growing them is probably to use them for something we need in coming time, so we should select the option both.

Besides using it as a currency nor investment will gives good benefits for bitcoin.

Investment will take bitcoin price to increase while using it as a currency will make bitcoin become more stable in the financial market.
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8Habits
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September 02, 2016, 04:59:22 PM
 #1222

Investing with bitcoins is not all that smart, there have been a lot of ponzi schemes. Everyday more and more online services start accepting bitcoin as a payment. So the best sorce of action is to just wait unless you can just turn your bitcoins into cash. And that actually makes the whole bitcoins an investment.

Investing with bitcoins is not all about these hyip and ponzi scams. When you say investing, you are using that money to earn money for you. So apart from joining these ponzi scam (which I wonder there're are still many people fall prey from it), using your bitcoins to trade or establishing a business that is built with bitcoin transactions are all investmen - not only joining to ponzi scam (which you must not join and get yourself victimized with them).
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September 02, 2016, 07:25:02 PM
 #1223

i using bitcoin is currency for online shopping because bitcoin transaction is very fastest and bitcoin transaction fees is very much lower and sometime i feel my money secure and safe in bitcoin than bank account and i feel so good when i use it for online shopping.
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September 02, 2016, 08:49:51 PM
 #1224

i using bitcoin is currency for online shopping because bitcoin transaction is very fastest and bitcoin transaction fees is very much lower and sometime i feel my money secure and safe in bitcoin than bank account and i feel so good when i use it for online shopping.
I find the opposite to be true - but I was never a victim of bank fraud, and all money in a bank is guarenteed by the government furthermore bank transaction fees are 0 and very fast over here in the UK
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September 02, 2016, 09:51:48 PM
 #1225

i using bitcoin is currency for online shopping because bitcoin transaction is very fastest and bitcoin transaction fees is very much lower and sometime i feel my money secure and safe in bitcoin than bank account and i feel so good when i use it for online shopping.
I find the opposite to be true - but I was never a victim of bank fraud, and all money in a bank is guarenteed by the government furthermore bank transaction fees are 0 and very fast over here in the UK

Yeah banks are providing so many attractive features to its customers at a moment and it has been the most safest place to store your money, while in bitcoin there is a risk of coins getting hacked.
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September 02, 2016, 10:23:31 PM
 #1226

i using bitcoin is currency for online shopping because bitcoin transaction is very fastest and bitcoin transaction fees is very much lower and sometime i feel my money secure and safe in bitcoin than bank account and i feel so good when i use it for online shopping.
I find the opposite to be true - but I was never a victim of bank fraud, and all money in a bank is guarenteed by the government furthermore bank transaction fees are 0 and very fast over here in the UK

As of now I too feel banks are much better than having all our money in bitcoins because of two reasons. First one is bitcoin prices are too volatile and by keeping all our money in this means taking lot of risk and it is not good in the long run. Secondly bank are well protected than my computer at least in my country.
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September 02, 2016, 10:45:30 PM
 #1227

i using bitcoin is currency for online shopping because bitcoin transaction is very fastest and bitcoin transaction fees is very much lower and sometime i feel my money secure and safe in bitcoin than bank account and i feel so good when i use it for online shopping.
I find the opposite to be true - but I was never a victim of bank fraud, and all money in a bank is guarenteed by the government furthermore bank transaction fees are 0 and very fast over here in the UK

As of now I too feel banks are much better than having all our money in bitcoins because of two reasons. First one is bitcoin prices are too volatile and by keeping all our money in this means taking lot of risk and it is not good in the long run. Secondly bank are well protected than my computer at least in my country.

Exactly, even our coins are not growing at rapid pace in banks but we are assured that its safe and we not gonna loose that money but same doesn't goes with bitcoins.
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September 02, 2016, 11:20:12 PM
 #1228

bitcoin I use mostly for investment. I am happy to make trades because it can make me earn huge profits. I save some of my money to buy daily needs.
yeah I use the bitcoin also for investment. I buy bitcoin solely due to benefit from the investment in bitcoin? yeah I always convert it to a fiat after getting profit
chaosknight
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September 02, 2016, 11:25:03 PM
 #1229

bitcoin I use mostly for investment. I am happy to make trades because it can make me earn huge profits. I save some of my money to buy daily needs.
yeah I use the bitcoin also for investment. I buy bitcoin solely due to benefit from the investment in bitcoin? yeah I always convert it to a fiat after getting profit

That's the right thing to do, sell your coins without any hesitation if you are making profits from it, as we are investing our money into it only to earn profits.
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September 03, 2016, 12:03:17 AM
 #1230

 As a believer of Bitcoin and currencies you should be at least try to use it as both
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September 03, 2016, 04:30:29 AM
 #1231

As a believer of Bitcoin and currencies you should be at least try to use it as both
I agree we should spend our bitcoin to support the bitcoin economy and at the same time invest it to enable us to earn more.  Others think that the only way to earn thru bitcoin is holding it for a long time while it is obvious that using it as investment  on different profit generating business venture can give them more profit.

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September 03, 2016, 04:43:53 AM
 #1232

As a believer of Bitcoin and currencies you should be at least try to use it as both

The problem is ae are used to fiat. Sometimes we forget that bitcoin is also a currency. I have that experience. I still withdrew my bitcoin to fiat for a cash on delivery item. I didnt even think that I could pay thru bitcoin. Short term memory loss hahaha.

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goldcoinminer
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September 03, 2016, 05:10:36 AM
 #1233

As a believer of Bitcoin and currencies you should be at least try to use it as both

The problem is ae are used to fiat. Sometimes we forget that bitcoin is also a currency. I have that experience. I still withdrew my bitcoin to fiat for a cash on delivery item. I didnt even think that I could pay thru bitcoin. Short term memory loss hahaha.
I think it would often happen to a country where bitcoin is not widely accepted, we are treating bitcoin as investment rather than a currency because some of our income came from working with bitcoin thru trading and any other forms of money making activities.
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September 03, 2016, 03:00:16 PM
 #1234

I think whenever we buy something, then we are using Bitcoin as currency. But when we're just holding on to them and we leave them untouched, then we use Bitcoin as an investment. My answer to this question is both. I use bitcoin as currency and I also use it as an investment. I have bought some stuffs online using Bitcoin and I'm currently holding on as much bitcoin as I could so that after a year or two, I could get my profits.

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katrimans
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September 03, 2016, 03:05:45 PM
 #1235

As a believer of Bitcoin and currencies you should be at least try to use it as both

The problem is ae are used to fiat. Sometimes we forget that bitcoin is also a currency. I have that experience. I still withdrew my bitcoin to fiat for a cash on delivery item. I didnt even think that I could pay thru bitcoin. Short term memory loss hahaha.
I think it would often happen to a country where bitcoin is not widely accepted, we are treating bitcoin as investment rather than a currency because some of our income came from working with bitcoin thru trading and any other forms of money making activities.
Well it depends on how you want to use bitcoin, if you interest in spending it online then there are a lot of things you can do like shopping, paying fees and bills,etc.

You can easily find some websites that accept bitcoin, but if you want to know how it feel to use bitcoin directly in real life then it depends on the area you stay whether it allows using bitcoin publicly or prohibits bitcoin or even doesn’t know about the existence of bitcoin.
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September 03, 2016, 03:19:50 PM
 #1236

I think whenever we buy something, then we are using Bitcoin as currency. But when we're just holding on to them and we leave them untouched, then we use Bitcoin as an investment. My answer to this question is both. I use bitcoin as currency and I also use it as an investment. I have bought some stuffs online using Bitcoin and I'm currently holding on as much bitcoin as I could so that after a year or two, I could get my profits.

it's as following.

currency aspect: when you buy and sell stuff, send and receive transactions from any level.

investment aspect: when you use it for trading purposes, buying it to hold it for a certain period to sell them later on.

store of value: keeping a good portion of your money in bitcoin for a long period of time. of course this can also be seen as some sort of investment, but a lot people don't treat it as such as their only intention is to keep money out the banking system etc.

these are 3 aspect of bitcoin that i am using.
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September 03, 2016, 03:22:29 PM
 #1237

I think whenever we buy something, then we are using Bitcoin as currency. But when we're just holding on to them and we leave them untouched, then we use Bitcoin as an investment. My answer to this question is both. I use bitcoin as currency and I also use it as an investment. I have bought some stuffs online using Bitcoin and I'm currently holding on as much bitcoin as I could so that after a year or two, I could get my profits.

Yes its both for all us as if we have an opportunity to spend them then we will surely do, but at a moment there are no wide choices to spend it so majority of us are holding it for future.
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September 04, 2016, 07:37:28 AM
 #1238

I think whenever we buy something, then we are using Bitcoin as currency. But when we're just holding on to them and we leave them untouched, then we use Bitcoin as an investment. My answer to this question is both. I use bitcoin as currency and I also use it as an investment. I have bought some stuffs online using Bitcoin and I'm currently holding on as much bitcoin as I could so that after a year or two, I could get my profits.

it's as following.

currency aspect: when you buy and sell stuff, send and receive transactions from any level.

investment aspect: when you use it for trading purposes, buying it to hold it for a certain period to sell them later on.

store of value: keeping a good portion of your money in bitcoin for a long period of time. of course this can also be seen as some sort of investment, but a lot people don't treat it as such as their only intention is to keep money out the banking system etc.

these are 3 aspect of bitcoin that i am using.

I mainly use the investment and store of value part. I hold 90% of the bitcoins I bought. I also spend some bitcoins.
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September 04, 2016, 07:44:04 AM
 #1239

For now 64.7% are using as both and I'm one of them too. I'm a fan of good movies so I used Bitcoin as a currency to buy some. But mostly I use it as an investment so far.

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September 04, 2016, 07:57:59 AM
 #1240

For now 64.7% are using as both and I'm one of them too. I'm a fan of good movies so I used Bitcoin as a currency to buy some. But mostly I use it as an investment so far.

I don't know where did you get that figure "64.7%" but anyway, in my personal take on this, most of the bitcoin holders are using all of bitcoins features because of ease and convenience in terms of transactions. When you get to hold 1 bitcoin now, you can invest or trade it in no time within minutes as compared to using fiat money where there are government regulations to send some identifications and other requirements before one casn start trading.
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