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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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susila_bai
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September 09, 2016, 07:45:14 AM
 #1341

For me i use bitcoin as currency as i have my daily commitments in life and i am fullfilling it through bitcoin by doing signature campaign, giving my skill work for bitcoin and getting free altcoins and trading with them. Like this their are lot of option to earn bitcoin online. 80% i use it by converting it to fiat currency and balance 20% i keep for future.
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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ajun96
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September 09, 2016, 08:15:25 AM
 #1342

I will use Bitcoin as a currency, and i will not use Bitcoins for investment. I don't have trust on investment sites. So why should simply I take the risk. So I just collect coins from the signature campaign or any other source, and I will keep it in my wallet. Whenever I feel the price is high and if I need money for my personal use I will make it fiat currency, and I will use.
didn't you realize that by keeping your bitcoin in your wallet are automatically you have done invested? the investment doesn't mean you are about to send money to certain sites which promising you a certain ROI , you know about that right?or really youdidn't know about that?
but if you keep holding in the bitcoin and not going to exchange it when price rising,it's not a really investment the amount of bitcoin will still remain the same just the value changing although if the price just falling the bitcoin amount will remain the same too and the value is decreasing,so i can't call it a real investment

If people rush to sell their coins at the time when the price rise then it is harmful to the price and once again the price will fall down, so the people should not have to sell their coins when the price rise, but they have to use their bitcoins for what they want to spend. like buying with bitcoin.
I think it's up to the users themselves to use their bitcoin or sell it, I think every user has his own goals. each what they do in bitcoin. on my own I use bitcoin for both of them and there is no obstacle to using both. I particularly enjoyed the benefits of investment in bitcoin
novemberwoah
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September 09, 2016, 09:41:43 AM
 #1343

Bitcoin my opinion is the place to invest. We can take advantage of the fluctuations of bitcoin so it would be ideal if used for investment. And it would make a profit. If I use bitcoin as a currency that is not possible because in my area there is no who accept bitcoin.
tygeade
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September 09, 2016, 10:06:38 AM
 #1344

Bitcoin my opinion is the place to invest. We can take advantage of the fluctuations of bitcoin so it would be ideal if used for investment. And it would make a profit. If I use bitcoin as a currency that is not possible because in my area there is no who accept bitcoin.

Yes we cannot spend it as a currency at a moment at physical place so its good to invest money in it and hold it till the price goes higher, and if at any point of time you are making good profits then you should sell them.

Ryananda
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September 09, 2016, 10:11:13 AM
 #1345

Bitcoin my opinion is the place to invest. We can take advantage of the fluctuations of bitcoin so it would be ideal if used for investment. And it would make a profit. If I use bitcoin as a currency that is not possible because in my area there is no who accept bitcoin.

Yes really bitcoin is more appropriate when used to invest because by utilizing the fluctuation we can benefit. If used for currency bitcoin was not suitable because of unstable prices would be very detrimental.
mark coins
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September 09, 2016, 10:16:57 AM
 #1346

Bitcoin my opinion is the place to invest. We can take advantage of the fluctuations of bitcoin so it would be ideal if used for investment. And it would make a profit. If I use bitcoin as a currency that is not possible because in my area there is no who accept bitcoin.

Yes really bitcoin is more appropriate when used to invest because by utilizing the fluctuation we can benefit. If used for currency bitcoin was not suitable because of unstable prices would be very detrimental.

Majority of users are using it only as a investment and saving it for the future to make some good money, and most of them are spending only on gambling hoping to multiply them in a quick time.
agustina2
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September 09, 2016, 12:24:13 PM
 #1347

Bitcoin my opinion is the place to invest. We can take advantage of the fluctuations of bitcoin so it would be ideal if used for investment. And it would make a profit. If I use bitcoin as a currency that is not possible because in my area there is no who accept bitcoin.

Yes really bitcoin is more appropriate when used to invest because by utilizing the fluctuation we can benefit. If used for currency bitcoin was not suitable because of unstable prices would be very detrimental.

It depends on the situation.

Using bitcoin as investment is really good since profits are really clear.

But using bitcoin also as a currency will make this currency more active in the market hence it will also make this crypto a strong and stable currency just like fiat currency.
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September 09, 2016, 12:25:15 PM
 #1348

Im using bitcoin as both and mainly as investment cause i dont like to spend them by alot just by small portions for example if i see a shop where i can use it then i try to use it on small amounts just to encourage more shops to accept it. if they see nobody using it then nobody will accept it so sometimes we do have to use it for it to grow.
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September 09, 2016, 12:28:35 PM
 #1349

Its an long term investment for me so I don't prefer to use it as a currency, but I do sell them when I am in  urgent need of money so I sell them and convert it to my local currency.
thejaytiesto
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September 09, 2016, 12:29:51 PM
 #1350

Bitcoin will remain as a way to hedge against the collapsing economic system in the first world, because we can buy everything we need with fiat already so it is cumbersome having to convert your money to btc to buy what you can already buy with fiat.

Bitcoin will explode in mainstream usage once governments remove physical cash in the next decade.
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September 09, 2016, 02:10:51 PM
 #1351

Its an long term investment for me so I don't prefer to use it as a currency, but I do sell them when I am in  urgent need of money so I sell them and convert it to my local currency.

So still even you are not preferred to use it as a currency there are times you need to use it. Converting bitcoin to fiat can considered as using this currency as a currency.

I do also preferred to use this coin as an investment since I have no problem for my regular spendings as my daily job taking care of those.
Ybalevia
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September 09, 2016, 02:22:02 PM
 #1352

Its an long term investment for me so I don't prefer to use it as a currency, but I do sell them when I am in  urgent need of money so I sell them and convert it to my local currency.

You are right about that, I must say that I'm now using as both to be honest because sometimes its easy to pay with he bitcoin for some situations only.
For the most part I use it as a investment but I still think the most people are doing this by the way.
chaosknight
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September 09, 2016, 02:25:48 PM
 #1353

Its an long term investment for me so I don't prefer to use it as a currency, but I do sell them when I am in  urgent need of money so I sell them and convert it to my local currency.

So still even you are not preferred to use it as a currency there are times you need to use it. Converting bitcoin to fiat can considered as using this currency as a currency.

I do also preferred to use this coin as an investment since I have no problem for my regular spendings as my daily job taking care of those.

Yeah our salary is taking care of our daily expenses which helps in saving our bitcoins for the future and bitcoin can be used for buying online stuffs which is better then using credit cards.
fravia
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September 09, 2016, 02:28:53 PM
 #1354

Its an long term investment for me so I don't prefer to use it as a currency, but I do sell them when I am in  urgent need of money so I sell them and convert it to my local currency.
well yeah a lot of people treat it as a long term investment, they remember the last price growth to a new all time high and they are willing that something like that well happen once again

To be honest I also have some bitcoins in my wallet and I hold it in order to make some money in a longer run though I really doubt that the growth of the same size might happen once again in the future

In my opinion bitcoin should be used not only as an investment option but also as a currency that would give us a possibility to pay for our shopping fast and easy as it would surely be beneficial in the future when our life gets busier and busier

 
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terman45x
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September 09, 2016, 03:03:01 PM
 #1355

Its an long term investment for me so I don't prefer to use it as a currency, but I do sell them when I am in  urgent need of money so I sell them and convert it to my local currency.
well yeah a lot of people treat it as a long term investment, they remember the last price growth to a new all time high and they are willing that something like that well happen once again

To be honest I also have some bitcoins in my wallet and I hold it in order to make some money in a longer run though I really doubt that the growth of the same size might happen once again in the future

In my opinion bitcoin should be used not only as an investment option but also as a currency that would give us a possibility to pay for our shopping fast and easy as it would surely be beneficial in the future when our life gets busier and busier

When the usage and acceptance of bitcoin will increase in future then people will surely start using it as a currency and our primary concern should be to spend to make it more stronger currency in future.
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September 09, 2016, 03:19:34 PM
 #1356

Its an long term investment for me so I don't prefer to use it as a currency, but I do sell them when I am in  urgent need of money so I sell them and convert it to my local currency.

You are right about that, I must say that I'm now using as both to be honest because sometimes its easy to pay with he bitcoin for some situations only.
For the most part I use it as a investment but I still think the most people are doing this by the way.

I do use bitcoin as an investment and currency.  As a matter of fact I recently paid my bills thru BTC since  there  is a site that accept bitcoin to pay our bills.  I also convert it to fiat if the things i wanted to buy cannot be bought by bitcoin.  And when im at it, I also reserve 10 to 20 percent of my holdings for the possible price increase so i can cashout with more profit in due time.

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gerXhonza
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September 09, 2016, 03:21:33 PM
 #1357

Its an long term investment for me so I don't prefer to use it as a currency, but I do sell them when I am in  urgent need of money so I sell them and convert it to my local currency.

You are right about that, I must say that I'm now using as both to be honest because sometimes its easy to pay with he bitcoin for some situations only.
For the most part I use it as a investment but I still think the most people are doing this by the way.

I do use bitcoin as an investment and currency.  As a matter of fact I recently paid my bills thru BTC since  there  is a site that accept bitcoin to pay our bills.  I also convert it to fiat if the things i wanted to buy cannot be bought by bitcoin.  And when im at it, I also reserve 10 to 20 percent of my holdings for the possible price increase so i can cashout with more profit in due time.

Well spending them at the time of emergencies and holding rest of them for the future is the best way to treat your bitcoins, as only holding them doesn't make any sense, either spend it or try to grow them.
HilbillyFred
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September 09, 2016, 03:25:21 PM
 #1358

Its an long term investment for me so I don't prefer to use it as a currency, but I do sell them when I am in  urgent need of money so I sell them and convert it to my local currency.

I would recommend you to also use it a as a currency it has a lot of benefits and you can control all your payment by yourself of course.
I use it as a investment but also as a currency.
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September 09, 2016, 03:35:12 PM
 #1359

Its an long term investment for me so I don't prefer to use it as a currency, but I do sell them when I am in  urgent need of money so I sell them and convert it to my local currency.

I would recommend you to also use it a as a currency it has a lot of benefits and you can control all your payment by yourself of course.
I use it as a investment but also as a currency.

your suggestions are very good friends. But for now I have not seen the growth of the bitcoin as currency, bitcoin tend to be used for short and long term investment because the price fluctuations. So, it depends on your ability and desire, the most important is it has good things for you
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September 09, 2016, 03:37:22 PM
 #1360

Its an long term investment for me so I don't prefer to use it as a currency, but I do sell them when I am in  urgent need of money so I sell them and convert it to my local currency.

I would recommend you to also use it a as a currency it has a lot of benefits and you can control all your payment by yourself of course.
I use it as a investment but also as a currency.

your suggestions are very good friends. But for now I have not seen the growth of the bitcoin as currency, bitcoin tend to be used for short and long term investment because the price fluctuations. So, it depends on your ability and desire, the most important is it has good things for you

Price of bitcoin is rising slowly and we may see higher price in coming months too, so its better to hold them for future to secure some profits and using it as a currency when price is higher will be more beneficial.
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