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Author Topic: What do you think of people that treat Bitcoin solely as an investment?  (Read 5563 times)
David Rabahy
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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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Rainbot
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Buy bitcoin they said... who listened?


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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

Every new tech needs angel investors...
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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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