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Author Topic: What do you think of people that treat Bitcoin solely as an investment?  (Read 5564 times)
LittleBitFunny
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February 14, 2017, 02:47:35 PM
 #1

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?
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February 14, 2017, 03:06:59 PM
 #2

I think they are smart! Especially if they bought their bitcoins from the time it was really low like around $200 per coin and held till now. That is 500 percent profits from just holding your coins. $200 price levels was around 2014-2015 which would mean that they only held for three years and they have earned more than 100% per year.

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February 14, 2017, 03:10:53 PM
 #3

I treat it as both personally and I don't see what's the issue If you treat it as an investement , the price is based on supply and demand and for the moment , we are missing millions of people , chances that the price will increase over the years due to more people joining the community is high so why not make that profitable for you as well ?  This however could stop after a certain time where we will reach some kind of stability of course but It could take a few years.

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February 14, 2017, 03:13:25 PM
 #4

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

when they want to gambling or buy some special product in certain platform they will think it as currency.

but investment is direct income. u just buy n sell v use the volatility. that's the money ppl can see directly.

if want to use as currency, fees sure is higher.

 
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February 14, 2017, 03:17:25 PM
 #5

They are optimistic, investor who see the future trends.They are risk taker and brave enough to gamble and believe that bitcoin will gonna make it big in the future and it did and continue to amaze us.Congrats to early adopters who believe in this technology,it grows very far from the beginning.So much improvement happens.

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February 14, 2017, 03:21:27 PM
 #6

I think they are smart! Especially if they bought their bitcoins from the time it was really low like around $200 per coin and held till now. That is 500 percent profits from just holding your coins. $200 price levels was around 2014-2015 which would mean that they only held for three years and they have earned more than 100% per year.
Basing on your calculations it is really right that on just holding bitcoin would really gives good returns on longer years but basing on the high price i dont think it would give the same profits too since $1k price is already high and it cant go to 5000% in just a couple of years.


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February 14, 2017, 03:23:53 PM
 #7

I think they are smart! Especially if they bought their bitcoins from the time it was really low like around $200 per coin and held till now. That is 500 percent profits from just holding your coins. $200 price levels was around 2014-2015 which would mean that they only held for three years and they have earned more than 100% per year.
Basing on your calculations it is really right that on just holding bitcoin would really gives good returns on longer years but basing on the high price i dont think it would give the same profits too since $1k price is already high and it cant go to 5000% in just a couple of years.

sure it cant be, except big increase of mining, and the balance of bitcoin big drop. then it may.
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February 14, 2017, 03:24:57 PM
 #8

Let everyone treat it as investment/ a form of wealth, then hoarding will start. There wont be supply only demands, which will cut short the daily trade and volume exchange that increases the price and get a lot of people involve in the daily trade. Investment is good but not the best way to hold a currency.

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February 14, 2017, 03:32:33 PM
 #9

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

As long as it doesn't come into the mainstream and gets in the hands of public to be used anywhere they want, people would surely treat it as an investment because it has no other major uses right now except that. People buy bitcoins and trade them to get profit out of it, why? Because they know they cannot spend their bitcoins in physical world, and in place of using them online they just trade them for profit which is much wiser i guess.

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Zadicar
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February 14, 2017, 03:34:04 PM
 #10

I think they are smart! Especially if they bought their bitcoins from the time it was really low like around $200 per coin and held till now. That is 500 percent profits from just holding your coins. $200 price levels was around 2014-2015 which would mean that they only held for three years and they have earned more than 100% per year.
Basing on your calculations it is really right that on just holding bitcoin would really gives good returns on longer years but basing on the high price i dont think it would give the same profits too since $1k price is already high and it cant go to 5000% in just a couple of years.

sure it cant be, except big increase of mining, and the balance of bitcoin big drop. then it may.

Big drop?It wont happen now on these years.Bitcoins price might decrease but wont go back to its lowest compared to those previous years when it was just starting thats why who do bought bitcoin on the possible cheapest prices do really have the advantage on making the most profits.


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February 14, 2017, 03:39:52 PM
 #11

I think they are smart! Especially if they bought their bitcoins from the time it was really low like around $200 per coin and held till now. That is 500 percent profits from just holding your coins. $200 price levels was around 2014-2015 which would mean that they only held for three years and they have earned more than 100% per year.

yes they smart n they just put money on it!!. in that time, i no put on it then i miss the best timing to buy bitcoin.

dont have the chance ald..

so when u see the new things might be increase value just do it!!. dont miss it!
 Wink
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February 14, 2017, 03:56:41 PM
 #12

The volatility makes newbies feel like it's an investment to get quick money. Well, it is that for some time but it is not just an investment when you understand what Bitcoin is. Using Bitcoins and doing transactions with it is comparatively simple and easy. There are many other features of Bitcoin which make it distinctively better than any other currency or payment gateway.


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February 14, 2017, 03:57:04 PM
 #13

I think it’s because the price of bitcoin is constantly rising (and expected to keep rising like this) and hence traders or investors look at it as a money-making opportunity (no offence) but at the same time there are some feature (the number is large in fact), who look at is as a medium of exchange or a revolution in funds transfer industry. Being honest, I look at it in both ways so I trade in altcoins, I trade in forex using bitcoin to make money, on the other hand, I try to inform more and more people about bitcoin using local language.

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February 14, 2017, 04:28:56 PM
 #14

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

We cannot put a line when we should treat bitcoin as an investment or a currency because it can serve them both. Bitcoin is better than fiat that way. You cannot get fiat and store it as an investment. Just by hodling bitcoin, you already possess an investment. And you can still use it as a currency or mode of payment anytime you want.

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February 14, 2017, 04:43:38 PM
 #15

Most people treat "foreign currencies" as investments. You use your nation's currency for day-to-day stuff, and you hold foreign currencies for either investment or to facilitate trade with foreign nations. Bitcoin falls into the "foreign" category.

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February 14, 2017, 04:48:12 PM
 #16

They are clever and needed. Bitcoin is universal, so we must accept everyone that comes. That might sound sectarian, but anyone that comes and can buy at least a few mBTC is greatly welcome !

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February 14, 2017, 04:48:19 PM
 #17

why now is not exhaustive bitcoin users are still at the level of people who have long been bitcoin users, other than that they are new so that its main function was rarely used because of the scarcity of stores that accept bitcoin as a payment currency.
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February 14, 2017, 04:57:31 PM
 #18

why now is not exhaustive bitcoin users are still at the level of people who have long been bitcoin users, other than that they are new so that its main function was rarely used because of the scarcity of stores that accept bitcoin as a payment currency.

Bitcoin have lots of services that were good to use. It is for the advantage of having bitcoin for the easy payment transactions though now there's only few stores but when   having it use by btc to btc user it is really worth it.

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February 14, 2017, 04:57:49 PM
 #19

I treat bitcoin mostly as an investment, but I use it as a currency at times as well. As far as what I think of people using bitcoin solely as an investment, I think people are and should be free to use and treat bitcoin however they want. Everyone is different and each person has different financial situations and goals.

I think it is kind of absurd to think or believe that other people should use and treat bitcoin, especially their own bitcoin, a certain way that you want them to.
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February 14, 2017, 05:06:49 PM
 #20

Because If you have lots of bitcoins, it could give you lots of money if your money's country has a value lower than bitcoins.
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February 14, 2017, 05:10:26 PM
 #21

I treat Bitcoin as an investment.  My wife spends our US dollars.  I personally buy almost nothing.
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February 14, 2017, 05:12:06 PM
 #22

Bitcoin would be nowhere near its current position without them. It has of course horrifically distorted Bitcoin's original purpose but you can't code out greed. I'd guess that only a small percentage of people here are using it purely as a means of transaction. Everyone else is speculating their arses off.

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February 14, 2017, 05:12:51 PM
 #23

I think they are smart! Especially if they bought their bitcoins from the time it was really low like around $200 per coin and held till now. That is 500 percent profits from just holding your coins. $200 price levels was around 2014-2015 which would mean that they only held for three years and they have earned more than 100% per year.

I agree those who treat bitcoin solely as an investment are smart and intelligent person.  The reason is that they can see the value of holding bitcoin that other who use it merely for transaction or payment method cannot see.  They have this insight that the limited supply of Bitcoin and the future deflation of it will bring Bitcoin much more value than what it is right now.

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February 14, 2017, 05:19:18 PM
 #24

It would be quite ironic if I think bad of those people that look at bitcoin as an investment and nothing more. The reason why we all have bitcoins in our wallet instead of used it already is because we're all waiting for the price of bitcoin to increase. Because if we aren't, we should not be using bitcoins as all, not even as a payment method, because bitcoin isn't accepted at most places anyway.

We all are investors of bitcoin, regardless if you earned your bitcoins for free or not. We're not that different to the people that treat bitcoin as nothing but an investment.

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February 14, 2017, 05:19:25 PM
 #25

The Magic about Bitcoin is the fact that you could do both. I have a personal strategy, where I hoard 80% of all bitcoins I earn and spending 20%

to stimulate the economy and to support the merchants that accepted it as a payment option. The hoard is also used to trade, as the price goes

up & down. Bitcoin is so much more versatile than other currencies.  Grin

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February 14, 2017, 05:55:10 PM
 #26

I personally consider it both, but at the moment I like it as Investment. More than transaction, I like to invest. And somebody who solely treats BTC as investment is not totally wrong, because might be they are not able to spend with Bitcoin, but the volatility is letting them make profit upon their investments.

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February 14, 2017, 08:55:09 PM
 #27

I asked a question that was not to different. I asked if people would still use Bitcoin if the price would not change and it they could not treat it as an investment anymore. %80 would still use Bitcoin and only 5% would stop using it. Here i read an large number of user who think it is ok or even smart to use Bitcoin only as investment. So i guess the users here will tell you what ever seems to be the good and accepted response.
If they own the private key, then they can do whatever they want, but i would like to see them use it as payment method as this would help the development of Bitcoin.

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February 14, 2017, 10:51:46 PM
 #28

it depends. when people buy bitcoin in low prive then sell it in high price, or they want to invest their money, then it is investment. but when people buy online things or things from the other country, then bitcoin is better to be used as currency.

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February 15, 2017, 12:31:42 AM
 #29

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

They have a right to treat bitcoin however they want. They buy the bitcoin and they can do anything they want with it, they can hold it, and they can spend it, speculate, they can do anything they want with it. They can even burn it by sending it into a lost address.

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February 15, 2017, 12:43:00 AM
 #30

I totally see it as only an investment.  It's just so much easier to buy things with cash, and with bitcoin's volatility you could be spending huge gains away only minutes after a transaction.  If I was into dark market stuff--which I'm not--then it would make sense to spend btc.  But I just don't see that it has any advantage over using my debit card or cash.

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February 15, 2017, 12:57:54 AM
 #31

actually fine to bitcoin is already become a global currency used as an investment, in fact many other benefits of bitcoin. I guess why bitcoin used as an investment because we do not have to do much because bitcoin showed remarkable progress

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February 15, 2017, 01:10:35 AM
 #32

Those who invested bitcoin in early time and holding it until now is totally smart man even they risk it to 100% yet it comes back with double money.
Because investing money in bitcoin makes great profit just in perfect time.

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February 15, 2017, 03:48:49 AM
 #33

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

it is the situation that is pushing people into treating bitcoin only as an investment.
the price is so volatile so you can not really think about spending something that can be worht 20% more in a month and 100% more in a year.
also the transactions are starting to cost a lot more and also take a lot longer to confirm, which again makes bitcoin a bad currency.

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February 15, 2017, 03:54:02 AM
 #34

They are smart people, I feel it's a very risky investment but if you're going to be watching it all day like any other stock and attempt to day trade on it it's still highly possible due to the fluctuating price on the daily basis.

Those who invested bitcoin in early time and holding it until now is totally smart man even they risk it to 100% yet it comes back with double money.
Because investing money in bitcoin makes great profit just in perfect time.

May not always stand true, what about the people that bought bitcoin at $1200? They're praying for a price new all time high

It would be quite ironic if I think bad of those people that look at bitcoin as an investment and nothing more. The reason why we all have bitcoins in our wallet instead of used it already is because we're all waiting for the price of bitcoin to increase. Because if we aren't, we should not be using bitcoins as all, not even as a payment method, because bitcoin isn't accepted at most places anyway.

We all are investors of bitcoin, regardless if you earned your bitcoins for free or not. We're not that different to the people that treat bitcoin as nothing but an investment.

I think OP is referring more to day traders and not real users of bitcoin at all except for profit purposes.














 

 

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February 15, 2017, 05:22:01 AM
 #35

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

well you can't force people into doing something they don't want to or can't do. so there is no "should" here.
also it is the current situation of bitcoin that is forcing people into only using bitcoin as an investment not a currency.
think about it this way: if you want to buy a cup of coffee every day with bitcoin you buy 0.05 bitcoin with $50 and expect to be able to buy 10 cups of coffee (assuming it is worth $5)
the first day you pay 0.005BTC
the next day pay 0.00499BTC
and the next day pay 0.0055BTC and so on.
in the end you can only buy less cups of coffee because of the fees and the volatility. so what do you do? you continue using fiat and use bitcoin as an investment.

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February 15, 2017, 05:31:58 AM
 #36

There are no specific circumstances, mostly people just try to arguing bitcoin through his advantages. The people just use bitcoin as the fiat can do not make them interested.

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February 15, 2017, 05:52:16 AM
 #37

 There is nothing wrong to treat Bitcoin solely as an investment. The investors also contribute to the price rise.
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February 15, 2017, 05:58:22 AM
 #38

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February 15, 2017, 06:46:07 AM
 #39

it depends. when people buy bitcoin in low prive then sell it in high price, or they want to invest their money, then it is investment. but when people buy online things or things from the other country, then bitcoin is better to be used as currency.
in fact most of the people are still using it for such purpose. and the reason can be that bitcoin is not yet popular so much and therefore it is not using as currency in most of the area. 
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February 15, 2017, 06:53:12 AM
 #40

I think the investment that use bitcoin currency as it is can be deceptive. because now a lot of sites using bitcoin to invest the average deposit site but did not last long and eventually cheat

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February 15, 2017, 07:02:29 AM
 #41

not for me i treat bitcoin both as a store of value for the future and as a currency, i made plenty of purchase on purse.io with bitcoin directly and great discount

i'm still trying to make some purchase there but the discount trick and no ship cost is not working anymore it seems, people learned

i wish i could buy everythign with bitcoin and get rid of my card, but until big merchnats will enter in play it will not be feasible, still waiting for amazon...

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February 15, 2017, 07:07:03 AM
 #42

I don't care why people chose to use bitcoin, any reason or even no reason at all is good, as long they keep buying and increasing the price
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February 15, 2017, 07:29:47 AM
 #43

I think they are smart and supportive of the Bitcoin project. They enhance Bitcoin network expansivity and make good profits from the trading making Bitcoin attractive and lively.



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February 15, 2017, 09:12:15 AM
 #44

Considering it as an investment alone is not a big issue, because based upon one's requirement they use it. I've been using it for all sort of needs, as a investment, as a global currency and for shopping needs to some 25%. The most part I use bitcoin is for the gambling. It evolved as a store of value which in turn got several good capability and continuing to serve with its potential growth.

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February 15, 2017, 09:19:09 AM
 #45

I dont mind if people think of it just as investment at first. In fact, I am making people get into bitcoin this way. I tell them about how the growth of bitcoins has been as of now and how has the ups and downs have happened and explained why they happened, if I know the reason. This way more people will adopt to bitcoin and BTC will grow. I know there are chances of BTC being panic sold but that happens even now.

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February 15, 2017, 09:34:25 AM
 #46

although the price of btc pumping  and bumping a lot for a short time,but it is rising for a long time.so i think it is a good ideal to treat BTC as an investment!
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February 15, 2017, 09:38:44 AM
 #47

It is still upon the user in how he will treat bitcoin as,As his investment or just pure enthusiasm.Me myself treats bitcoins fair both investment and enthusiasm.Im earning my money through this and helps me to grow what i invested in also.And yes bitcoin investing is profitable all of the times almost but still depends on how you handle over your bitcoins and ways to manage it and how bitcoin price flows in the market stage

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February 15, 2017, 10:10:38 AM
 #48

Whatever people think of btc or how they treat it i guess we should not mind it. we have different ways to earn through it and that is more important. if you enjoy using it as investment or currency that is all matter.

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February 15, 2017, 10:20:14 AM
 #49

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?
No doubt that bitcoin is giving profit more than the another assets like investment in gold , silver or any other .
Because the price of bitcoin is much sensitive  and also the price of bitcoin is going to increasing daily , So people are getting into bitcoin investment .
Here the newbie mostly entering in the investment only because they don't know bitcoin in perfect way . They need to understand another factors of the bitcoin which are making bitcoin user as a profitable job .
So here lack of understanding only and I also thing I was also unknown about the bitcoin advantage about other than investment plans , So here we can say every newbie facing the similar problem of understanding only .


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February 15, 2017, 10:22:46 AM
 #50

if want to use as currency, fees sure is higher.
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February 15, 2017, 10:45:22 AM
 #51

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

All I can say to those people treat bitcoin solely as an investment is they made the best and right decision in their entire life. While to those people who didn't treat it solely in bitcoin it may be regrettable for them in the last once they fin out how bitcoin is very significant to know in our generation now.

















































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February 15, 2017, 10:48:44 AM
 #52

This is already expected, there are people who met bitcoin and were fascinated by the technology and do everything to know more about bitcoin and there are people who saw bitcoin a business opportunity, an investment.

Each person has his own vision and purpose.

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February 15, 2017, 11:00:30 AM
 #53

I dont mind if people think of it just as investment at first. In fact, I am making people get into bitcoin this way. I tell them about how the growth of bitcoins has been as of now and how has the ups and downs have happened and explained why they happened, if I know the reason. This way more people will adopt to bitcoin and BTC will grow. I know there are chances of BTC being panic sold but that happens even now.

Treating bitcoin is no big deal. And actually when you buy bitcoins you are investing on it except if you bought bitcoin then you buy something. Investing in bitcoin comes in many forms and even just storing it in your wallet without doing nothing it is still considered investment. Its because whether we like it or not when bitcoins price inflates and grow in value you cannot but gain profit from such increase in price.

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February 15, 2017, 12:17:52 PM
 #54

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

i think this is what should people do with bitcoin, they can make bitcoin as an investment and they can use or treat bitcoin for many purpose that they want. i think when we know bitcoin for first time, we need to thinking and know what is bitcoin benefit and what is bitcoin function for our daily life and its a good way to treat bitcoin as our investment. for me, i will treat bitcoin as an investment and something that i can use for doing trading.

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February 15, 2017, 07:48:05 PM
 #55

In the general people will use bitcoin as investment purpose, why would you waste your money if you dont wanna to get more money? Bitcoin is proving for the most a safe and trust return, even knowing some had loose in the begining, nowadays anybody can make money just by the fact to have bitcoin saved. Sure bitcoin is changing people mind, and the low transactions fees is really a difference for those which shopping online, but the most merchants doesnt accept bitcoin till the moment, soo a big wall and issue for bitcoin and crypto world. Bitcoin since the begining is helping several people, they are earning extra money and using to improve their lifes, atleast it should be the way, i dont know how many lifes bitcoin has helped and keeps helping but be sure that nowadays bitcoin is the best source of income to a big part of the online earners.


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February 15, 2017, 09:02:13 PM
 #56

I think it is a good thing do bitcoin as an investment for large employers certainly in this case also I am sure each investor is smart enough before making an investment, if they consider bitcoin as a good investment course, we will think the same with them because it would be great in time in the future
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February 15, 2017, 09:53:16 PM
 #57

We all have different uses of bitcoin from gambling, to shopping online/in store,cheap remittance and for others its simply investment, and we can't stop them against their will because maybe investing is what brought them into the crypto world and their taking advantage of the opportunity that presented itself to them.


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splitups
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February 15, 2017, 11:09:19 PM
 #58

Bitcoin should be mainly regarded as a currency, as that is the purpose of it being used. The volatility as well as altcoins against BTC are all bonuses but the major part should always be bitcoin as a currency. there isn't much that can be done except attempting to encourage those users to use BTC as a currency, after that they would probably use it for it's convenience.
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February 15, 2017, 11:59:19 PM
 #59

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?
There's no problem for now, whether people threat it as global currency to spend it or just holding bitcoin and consider bitcoin as an investment due to the value of bitcoin will increase in the future obviously. It depends on where the users live, if there is no any merchant that accept bitcoin payment, then how they should spend their bitcoin? Yes, there are some online shops to spend bitcoin but not all those people like to do that, simply because they don't want, when they can get it directly by using fiat money.
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February 16, 2017, 12:26:07 AM
 #60

People are free to use bitcoin as they see fit,  it is not up to anyone to tell them what to with their bitcoin, its sorta the whole point.  I have purchased bitcoin to hold long term so that in the future i can buy more with it.
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February 17, 2017, 03:48:53 AM
 #61

I think they are smart! Especially if they bought their bitcoins from the time it was really low like around $200 per coin and held till now. That is 500 percent profits from just holding your coins. $200 price levels was around 2014-2015 which would mean that they only held for three years and they have earned more than 100% per year.
Yes they are totally smart, investing to bitcoin in early time totally gives you more profit now. Clever thinking of making money with all risk, yet in the end money comes so easy on sitting it on bitcoin worth. Its not easy to invest early in anything as you do not know where it will go in future. Those who take risk of investment mostly succeed.


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hatshepsut93
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February 17, 2017, 09:09:10 AM
 #62

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

Those things are not necessarily mutually exclusive, it's just that there's not enough merchants who accept bitcoin. I don't think there's much places in the world where you can make your typical everyday purchases with bitcoin, also it's not good for big purchases like housing, because you won't be able to make it officially. So overall bitcoin is far from perfect payment method, simply because it's not popular yet, and also not supported by government.

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February 17, 2017, 09:26:02 AM
 #63

Bitcoin is the first currency that you could invest with buying the currency itself alone, it's not like you say I'm going to buy $10m dollar as investment.
There is nothing like bitcoin in the entire world.

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February 17, 2017, 09:32:33 AM
 #64

I think it is ok.It's their decision as others decide to use it as currency/money and further others as object for speculation or to build their business ideas on top of it. Bitcoin is completely open without any permission to anybody and therefore we have to respect how others see and define Bitcoin for their own personal use.

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February 17, 2017, 09:43:44 AM
 #65

For me they are wise people
because they have a great strategy
to get an income.
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February 17, 2017, 09:54:49 AM
 #66

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?
Well for me I really think that bitcoin is an investment,
Specially if they would bought it in a low price and wait for it to rise up then sell.

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requester
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February 17, 2017, 10:06:39 AM
 #67

they might not have proper idea about bitcoin, yes i do had encountered with people who use bitcoin and other cyrptocurrency just to make profit. i think they dont know what revolution bitcoin is bringing to the world of digital money. they should support it and let the development of digital money be a another revolution on this earth.
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February 17, 2017, 10:55:49 AM
 #68

you can't really tell someone not to treat bitcoin solely as an investment while there aren't many places that accept bitcoin as a payment option (currency) for example when you go to Amazon you have to pay with fiat so even if you want there is no "direct" method to purchase things with bitcoin.

on the other hand is the price and its volatility. that always drives people away from spending their bitcoin.

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February 17, 2017, 11:16:59 AM
 #69

Bitcoin is the first currency that you could invest with buying the currency itself alone, it's not like you say I'm going to buy $10m dollar as investment.
There is nothing like bitcoin in the entire world.
true bitcoin come with a fresh concept, but unfortunately nowadays people get more interested in bitcoin as investment not as payment processor/currency to pay anything online/offline , i personally now used bitcoin quite often , to do business around my place and accept bitcoin as the payment processor.


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February 17, 2017, 11:38:02 AM
 #70

Your question really nice, Bitcoin is a virtual currency and now it was much water he receives, so it is investing very positive, we can profit from it, market Bitcoin is very similar to the real estate market, therefore, the level of investment can equal the real estate business, and moreover, this investment even more convenient with the speed of Bitcoin transactions.


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cr1776
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February 17, 2017, 11:44:02 AM
 #71

I think they are smart! Especially if they bought their bitcoins from the time it was really low like around $200 per coin and held till now. That is 500 percent profits from just holding your coins. $200 price levels was around 2014-2015 which would mean that they only held for three years and they have earned more than 100% per year.
Basing on your calculations it is really right that on just holding bitcoin would really gives good returns on longer years but basing on the high price i dont think it would give the same profits too since $1k price is already high and it cant go to 5000% in just a couple of years.

It already has gone up 5000% (much more) in a couple of years, whether it can again, no one knows for sure, but I wouldn't bet against it.  I will say that at dollar parity, $10, $30, $100, $200 etc each time many people said "<X> price is already high and it can't go higher". 

And everyone knows what happened then.
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February 17, 2017, 11:49:20 AM
 #72

Well I call such people smart and that's how it works in the world. You buy at low price and sell at high price nothing wrong in it. But you are wrong that people don't understand Bitcoins, they very well do and that's how they make money and even you should learn to make it. As far as global Currency is concerned, it's a crypto currency and most of the countries are not ready to accept it, but some cities and recently one country has adopted Bitcoins. So I feel it's getting global recognition. Treat Bitcoin as a long term or a short term investment your call, buy at 1000$ sell at 1040 $. Your call you can even treat it like shares.

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February 17, 2017, 01:25:05 PM
 #73

Based on the past of bitcoins up until to now, i regret that i did not tried to invest some of money through it. In my opinion, as the sayings say, bitcoin is freedom. So it does not matter as long as they are not fooling other people. They earn bitcoin: I earn bitcoin, well thats fair.
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February 17, 2017, 01:57:04 PM
 #74

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

I don't really think that way I always think bitcoin as part of my work as prior with my real work, I can always do both at the same time, and I think people thinking that bitcoin is an investment the possibility of bitcoin to be that way is high you can really trade with bitcoin and take the bacon when your choice are right, and some are betting on gambling that is high on risk they think of enjoying bitcoin with gambling, there are many people and all of us have different ways of thinking, and as for me I think Bitcoin can be all of it you can probably do it all and try to think bitcoin in a positive way.

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February 19, 2017, 06:30:24 PM
 #75

I'd say they're savvy. I personally still think of bitcoin as some sort of investment considering how the price increases in comparison to my currency (which is at an all time low compared to USD). That doesn't rule out using it for currency though. I think that's the beauty of it. You can get it now as a store for your money but you still get to use it to buy stuff. Can't do that with stuff banks offer like time deposits. When the price stabilizes that bitcoins use become widespread, the people who bought coins years ago would already have a head start.
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February 19, 2017, 06:43:05 PM
 #76

They can do whatever they want. Investors won't hurt us, so will traders or anybody else. Investments actually help: the demand goes higher for a smaller amount of Bitcoin in circulation. The price will only keep going up until most of the investors will start selling their BTC. This will be a bubble that will burst one day.

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February 20, 2017, 02:01:49 AM
 #77

People are free to use bitcoin as they see fit,  it is not up to anyone to tell them what to with their bitcoin, its sorta the whole point.  I have purchased bitcoin to hold long term so that in the future i can buy more with it.

That is right, as they say bitcoin is free, you can do anything with it. And i think there are lots of bitcoin users that treat bitcoin as a investment, saving it for trading or exchanging it for a profit.
Though I didn't really purchased bitcoin, but I did earn them through a lot of faucets and PTPs. Luckily after withdrawing in that faucets the bitcoin's price increases, and I did exchange it to real money so I can use it.

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February 20, 2017, 02:10:29 AM
 #78

In my village we call them farmers Cheesy yes they invest buying a land building cooling systems bringing in hundreds of mining machines and start mining bitcoin. that means investing in bitcoins not just buying and accumulating. and any time you do invest in this virtual gold it's never too late.
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February 20, 2017, 02:33:31 AM
 #79

In my village we call them farmers Cheesy yes they invest buying a land building cooling systems bringing in hundreds of mining machines and start mining bitcoin. that means investing in bitcoins not just buying and accumulating. and any time you do invest in this virtual gold it's never too late.
Yes its never been too late to engage to bitcoin even its current price is a little bit steep for some and already considered on high price already and on mining it you will still need huge money to invest on and we all know mining equipment arent cheap at all. If i do have the money i will surely made the same thing too.


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February 20, 2017, 02:34:07 AM
 #80

Chances are half of the people (or maybe more) that you’d come across here would choose bitcoin more as an investment than a currency. You know why? Because that is the wise thing to do. If you are presented with something that outperforms any other known currency and legitimate investment at the moment, you would be a fool not to take advantage of it.
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February 20, 2017, 07:41:50 AM
 #81

It meant bitcoin to the end. As a currency, it need to regulate and use and also need infaltion. But ppl hold as investment and not use. Some good alt-coins will replace BTC as currency.

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February 20, 2017, 07:59:24 AM
 #82

Right now most of the people are treating bitcoin as one of the investment only, they are not treating it as currency because bitcoin is not still under regulated through governments. Once governments accept bitcoin as currency than many people will start using bitcoin as currency.

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February 20, 2017, 08:02:52 AM
 #83

Right now most of the people are treating bitcoin as one of the investment only, they are not treating it as currency because bitcoin is not still under regulated through governments. Once governments accept bitcoin as currency than many people will start using bitcoin as currency.
Actually its a currency but only as digital currency and the beaty of bitcoin is at the same time you could able to make it as an investment. Does depend on people on how they gonna treat bitcoin as long we do earn and use it on a positive way then it would be fine.


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February 20, 2017, 09:25:35 AM
 #84

Chances are half of the people (or maybe more) that you’d come across here would choose bitcoin more as an investment than a currency. You know why? Because that is the wise thing to do. If you are presented with something that outperforms any other known currency and legitimate investment at the moment, you would be a fool not to take advantage of it.

The thing is also that there are already some better altcoins for a money transfers (or just lets say payments) on the market, than bitcoin is. With the high fees and long times for bitcoin transaction processing, it may not be considered as a best option anymore. On the other hand, bitcoin proved itself to be a very good kind of investment, so it is no surprise, that majority of members uses it mostly as an investment.
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February 20, 2017, 09:48:06 AM
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Bitcoin for me is solely as an investment because in my country here it is hard to find anyone accepting it and since the price has been on increase it makes perfect sense to categorise it as an investment.

Bitcoin is going to end up a digital Gold remember Gold use to be a trading tool use for everyday transaction but it is no more serving that role.

                                 
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February 20, 2017, 10:21:57 AM
 #86

well bitcoin is a currency and we have use it as currency but majority of the people use it as a source of making profit and finally people think that bitcoin is just to make profit. Some stupid ask me that how  much profit I make with bitcoin, well I reply that how profit do you make with real money . yea its a form of money we can make profit only when we do some task with it not just money will come automatically.


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February 20, 2017, 10:28:04 AM
 #87

I think it's reasonable since bitcoin have high value and ever reach as high as gold so whenever who invest into bitcoin , they already made a great choice for their future investment.
By seeing bitcoin value based on graph , bitcoin become the great investment I've ever see compare gold
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February 20, 2017, 03:33:45 PM
 #88

I think those people who treat bitcoin as an investment saw the price of bitcoin in the future  Grin Or maybe they have a lot of investment in other instrument that they look for others where to invest their fiat money. Or maybe they felt that bitcoin price will rise and that they can have a lot of returns in the future.
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February 20, 2017, 03:48:14 PM
 #89

Bitcoin will remain a better gold, the price will never be stable enough for it to be a currency in the classic sense of a currency that is always table. You can't have a free, decentralized market and a fixed price, if you want a fixed price, you need governments and regulations.

Bitcoin will only go up long term, which makes it the ultimate investment.
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February 20, 2017, 03:58:50 PM
 #90

Bitcoin will remain a better gold, the price will never be stable enough for it to be a currency in the classic sense of a currency that is always table. You can't have a free, decentralized market and a fixed price, if you want a fixed price, you need governments and regulations.

Bitcoin will only go up long term, which makes it the ultimate investment.
It's all speculation but perhaps by the time the last coin is mined the price will remain relatively stable, by then it'll all depend on demand so if people keep losing coins and wallets (or worst case scenario: another country's currency destabilizes) it'll be a great thing for the economy (even though it sounds horrible)

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February 21, 2017, 06:34:04 PM
 #91

The volatility makes newbies feel like it's an investment to get quick money. Well, it is that for some time but it is not just an investment when you understand what Bitcoin is. Using Bitcoins and doing transactions with it is comparatively simple and easy. There are many other features of Bitcoin which make it distinctively better than any other currency or payment gateway.


Some people are perhaps investing their money in Bitcoin thinking of it as an alternative to gold, but Bitcoin is different than gold. For some people, the entire purpose of Bitcoin is this type of investing.
Sure, they're entitled to do whatever they want with their money, but in terms of how it benefits Bitcoin, it would be better if they use their money for purchasing things. That's what's going to make Bitcoin more widespread.
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February 21, 2017, 07:34:08 PM
 #92

Bitcoin is created to use instead of fiat, not as gold.

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February 21, 2017, 07:49:17 PM
 #93

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under whaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaat circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?
Treating bitcoin as an investment will undermined it values as a currency. I read online how Israel tax authority wanted to treat bitcoin as a property but bitcoin is not a property the same way dollar is not a property. Sec what to regulate bitcoin and allow it to be trade like stock, gold and silver, doing this will also undermined crypto currencies as a currencies.

                                                                               
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February 21, 2017, 09:44:25 PM
 #94

I'm agree with them, why not? The price of bitcoin goes up so it's really interesting to treat it as an investment. We don't know what is going to happen, maybe the value of BTC is going to explode. So I think it's a great investment maybe more interesting than the gold!
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February 21, 2017, 11:30:33 PM
 #95

Bitcoin supposed to be used as a currency, because the price is based on the demand and supply, if too many people used it for investment without doing transaction it can caused the pirce to stagnant, but bitcoin is a very good investment tool, so the situation of making bitcoin into investment can't be avoided
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February 23, 2017, 08:03:14 PM
 #96

I think it's reasonable since bitcoin have high value and ever reach as high as gold so whenever who invest into bitcoin , they already made a great choice for their future investment.
By seeing bitcoin value based on graph , bitcoin become the great investment I've ever see compare gold
When the bitcoin started we were all talking about a new currency that is going to change the whole idea of using the money on the internet, but after a couple of years the price was really high that it has become more of an investment and people saving and buying it, and the ones who believed in it a long time ago are really lucky. I am not finding any wrong with them.

We cannot argue that we should not save bitcoins as an investment. It must be a basic human right to do what ever they want to with their wealth.

But time will enforce them to start using their savings. How long one will sit and watch their saving's value goes skyrocketing. Either their basic needs nor emergency needs nor emotions will make them to come out of their investment mode.


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olushakes
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February 23, 2017, 08:18:37 PM
 #97

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

For those who treat bitcoin as an investment then they know what they were getting into and where ready for whatever outcome of such decision whether it will be favorable or otherwise. From what we are seeing now everyone will agree that its a good decision to take but I am sure more than half of those praising them today would have castigate and even called them a fool for taking such decision a long time ago depending on how long the hold have taken.
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February 23, 2017, 08:38:13 PM
 #98

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

A lot of people see btc as an investment because they are ready to earn Wink with their coins.
but behind there is a technology, a new one, just partially explored. I say partially because it's not a mainstream technology and if you try to pay in real life most of places will never heard of it Cheesy .
So bitcoin is not just an investment, and probably one day we will know this difference.

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richardsNY
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February 23, 2017, 08:45:50 PM
 #99

Bitcoin is freedom -- everyone is free to use Bitcoin how they want as Bitcoin is a multifunctional solution that offers enough features to people. One person only needs Bitcoin to function as currency, while the other only sees Bitcoin as an investment opportunity. Why should we care about what others do with Bitcoin? Doesn't make any sense. It's annoying to see people judge on how others use Bitcoin. Mind your own business....

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February 23, 2017, 10:01:03 PM
 #100

I think it's reasonable since bitcoin have high value and ever reach as high as gold so whenever who invest into bitcoin , they already made a great choice for their future investment.
By seeing bitcoin value based on graph , bitcoin become the great investment I've ever see compare gold
When the bitcoin started we were all talking about a new currency that is going to change the whole idea of using the money on the internet, but after a couple of years the price was really high that it has become more of an investment and people saving and buying it, and the ones who believed in it a long time ago are really lucky.
it's really about how a new era of currency work , the high price won't make it stopped considered as a real currency. it could be a new trend, just the matter of time whether people can accept bitcoin condition with its volatility? or bitcoin will gone as a virtual stock forever? the decision are always in our hand so just make your own choice and let's see.


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February 23, 2017, 11:44:31 PM
 #101

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

They have the full right in doing whatever they wanted with their bitcoins. There are many kinds of people and there are no two individuals are alike - even if they are twins, that is the fact. So, when an individual is trying to use bitcoin solely for investment, it is really fine.

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February 23, 2017, 11:50:29 PM
 #102

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

They have the full right in doing whatever they wanted with their bitcoins. There are many kinds of people and there are no two individuals are alike - even if they are twins, that is the fact. So, when an individual is trying to use bitcoin solely for investment, it is really fine.
True, I think every user has freedom about what they need or what they want to do using bitcoin, be it for investment, trade, currencies, eeven ilegal activity, I think it's up to the user itself

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