BITCOIN misconceptions

[BTCbengi]

Yes, I understand what you are wanting to say. The amount of Bitcoin is limited, its value will increase as more and more people use it. And in the future there will be many people who know and use it. So now you should save and invest a lot on Btc and keep it. That would be a wise decision

[1714508931]

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[1714508931]

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[ningrum]

Yes, I understand what you are wanting to say. The amount of Bitcoin is limited, its value will increase as more and more people use it. And in the future there will be many people who know and use it. So now you should save and invest a lot on Btc and keep it. That would be a wise decision

chances are that it can happen, because the number of bitcoins is limited in number and not enough. so the longer the bitcoin is likely to be found rather difficult, as more and more people are looking for bitcoin as well.

[Basmic]

Bitcoin was conceived as a currency. Without this, its prospects would be questionable. Any asset can have value only when there is a turnover. Why do you need bitcoin if you are not using it? You can open a demo account on the stock exchange and if successful you will then earn a lot of money who can't spend. If you use bitcoin only for the storage you collect in your wallet dollars, then the Americans will print new and the number of dollars you have will increase but buy you can not do anything.

[speedy963]

Definitely, they misunderstood how it should be that it should be an asset because I know also that it's will be high-rise and it is really possible to happen. Well, we can't control how do they plan to do on the bitcoins tjey earn from here or anywhere else it should be on their decision if they want it to grow or not if they plan it ahead. I think those who spend it for their daily use have purpose for that I just never judged them but I think it would be better to all if we just respect their individuals decision.

Agree. Honestly those people lack of knowledge and information to what bitcoin is, and as far as i ak concerned around here they just knew this forum as a source of income, this is not to brag but lets tell it honestly that is currently what is happening right now, so i just want to say this actually for no offense to everyone. This is also one of the misconceptions that i see in bitcoin, rather than being used as an invesment some other prefer to use it as a day to day currency.

[Emitdama]

Yes, I understand what you are wanting to say. The amount of Bitcoin is limited, its value will increase as more and more people use it. And in the future there will be many people who know and use it. So now you should save and invest a lot on Btc and keep it. That would be a wise decision

Bitcoin amount is totally depending on user demand and when user demand is high production get started and this will surely give rise to the price and that will be good thing and as there are still region who don’t know about this mighty coin yet if they get information about it they will surely accept it and now a lot of countries are also accepting bitcoin by seeing the progress of those who already did that.

[Reez]

There are tons of misconceptions but you just have to keep talking about it and this will make you the happiest person ever because people will end up seeing value and thank you.

[Vladv26]

I personally think there is a long time until bitcoin is going to be used everyday to buy everything. It is very hard for local shops of coffe shops to accept bitcoin because the price is not stable. For the owner of a business the profit would be calculated at the end of the week/month. If the price of bitcoin is decreasing the profit is also descresing. Same when it is increasing. So it is a gamble for the owner.
I keep bitcoin as an investment for the future do I can make profit. I dont think I will ever spend my bitcoins to buy from shops in my town.

[bling-bling]

I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.

Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.

Each person has his own reasons whether to spend or hold his coins. It's situational...If the need arises that one must use or spend his bitcoin, then he has no choice but to spend rather than to hold. In this system it is ideal to maintain a certain amount of coins for holding or trading purposes. But it is still ok to at least have a bit of taste of your returns.

[Pumapipa]

I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.

Why most of the people in the forum sees bitcoin as currency that you need to spend everyday?

You cant blame them. Campaigns here in forum is so promising that they can earn more than their day job offers. And most of the people in the community are freelancers that seeks job and will spend what they are earning here to sustain daily needs and house utilities.

Most users here, including myself is the kind that you are talking about. Currently, I earn through joining signature campaigns and so far, it had been a very great help not just for me, but for my family. I think earning here through sig campaigns is not a misconception but a benefit of joining bitcoin. In my case I am a stay at home mom, and I used bitcoin as a way to pay for our bills and other household expenses. I agree. You can't blame us.

[cryptokitty]

I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.

Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.

I guess, most of the people here are considered bitcoin as an asset or investment that we need to keep for our future needs, but due to some reasons sometimes, we need to spend our BTC because we really need it and not because we just want to spend it for nothing.

[me888]

Yes maybe you have a point there but maybe they use some of their bitcoins in their everyday life.  Especially here in a third world country this is a good opportunity to earn more aside from our job.  We are still learning how to invest right also how to process everything to minimize loses.

I think the most efficient means of doing bitcoin is to invest it rather than spending it.
The everyday rising of bitcoin is really crazy. It is way better than any other currencies.

[chip211]

I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.

Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.

They give up their jobs to participate in campaigns because they find they can earn more than they job. The more people who use Bitcoin the more value of it will increase many times.

[webtricks]

I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.

Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.

How could you expect someone to keep his Bitcoin in wallet when it is the only source of income for him. He need to sell off it regularly to make his earning.
Also, it is wrong to completely consider Bitcoin as asset. Yes it is more shove towards asset side than currency side but still it has much more liquidity than other fixed or variable assets could ever have. So it should be placed in category of 'Near Money' along with other instruments like B/R, etc.
Near Money can be used for remittance (Bitcoin too) but doesn't has immediate liquidity (Bitcoin too) but still highly liquid as compare to assets (Bitcoin too).

[the rise]

I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.

Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.

They give up their jobs to participate in campaigns because they find they can earn more than they job. The more people who use Bitcoin the more value of it will increase many times.

the misconception of the novice user is to think of it as a currency, so that what they get directly used for the necessities of life or save it to fiat. People who choose to focus on bitcoin already understand the basics of business and investment assets so they continue to manage capital as much as possible. There needs to be a periodic process to understand all of this.

[Aryanto28]

is very unlikely for me if I leave physical work in search of and make crypto money. Although there are advantages and earnings in crypto it can be quite big but we live in the real world rather than live in the digital world so from that physical work is more important for my life.

[Nahl]

there are various people to see bitcoin from different side so we cannot pushed them to trust bitcoin as the future asset which is holding them for several years will get very much profit and they have their own reasons why they decide to stay in bitcoin than their actual jobs but in my view people who decide to out from their actual jobs and focus for bitcoin i think these people was already feel the benefit from bitcoin and more likely their earning in bitcoin are more higher than their jobs

[faceoff97]

Thats is true that holding bitcoin is wiser than spending it, and user knew it that it will pump in value in coming years. But the fact is, you cannot stop people from spending their Btc, they are probably encouraged to spend it because the good or service deserves a BTC payment. Bitcoin  use becomes really bigger, it can be in many form of payment. We cannot stop people from spending it, because there were attractive things being offered to them. Im still on the side of just holding it until it reaches the biggest value it has to offer.

[dulce dd121990]

well not all people are thinking it as an everyday used. some are just waiting for the chance to earn a big amount of coin that can be kept and can be used for investment. I myself did that also, for this moment i am earning coins, and altcoins to be exchange in the near future when the value of its coins increases...I just waited for the right time when i can change all my coins   Maybe that is a sort of investment!

[hahay]

I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.

Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.

I think there is nothing wrong with it, for me everyone has the freedom to do with their money, and now they have assumed that bitcoin is a source of income for them, I think that is not wrong, this bitcoin has many benefits for anyone who has it. So I guess there's nothing wrong with the decision they've chosen, If you think bitcoin is an asset, that's also not wrong, that's your choice, and you're free with it. Because in the end you will use it as well and convert it to fiat money.

[Skyshark]

I came across several threads on the forums about bitcoin as their source of income, people leaving their day jobs just to focus on campaigns here in the forum.

Why most of the people in the forum sees bitcoin as currency that you need to spend everyday? On my opinion at this point of time for bitcoin it is better to consider it as an asset, an investment that if you keep it there is a big chance that your investment will grow. Think of its future potential, at this time each coin cost $5600+ when maybe about 100 million people who is using it. imagine what will the price be if 1 billion people uses it in the future how much will the price be? And this also applies to alt coins. As much as possible keep you coins and wait for the price to boom.

Bitcoin users here have different outlooks of what bitcoin is. Some are thinking that bitcoin is a way out of poverty, some think that bitcoin is an asset, and some thinks that bitcoin is a currency that will rule the world in a few years time. For me, it doesn't matter, because bitcoin gives you all that is written above, and that is why Bitcoin is being accepted and used by many.