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Author Topic: Is Bitcoin actually just a Investment coin?  (Read 2942 times)
CarnagexD
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November 17, 2017, 05:58:13 PM
 #121

I think it is correct that Bitcoin is mainly used as investment option because due to the price fluctuation, it is only good for investment purpose but not good for becoming currency and competing with fiat currency.
As for me i consider bitcoin yes as an investment because it really is a big source of income for many of it's users. But in the othe side I also consider it as a currency because we all know that bitcoin can be used to pay transactions and payments online. Well ofcourse it depends on every users how they will treat their bitcoin.

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bitcad4u
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November 17, 2017, 06:46:31 PM
Last edit: November 18, 2017, 02:39:09 AM by bitcad4u
 #122

I think it is correct that Bitcoin is mainly used as investment option because due to the price fluctuation, it is only good for investment purpose but not good for becoming currency and competing with fiat currency.
As for me i consider bitcoin yes as an investment because it really is a big source of income for many of it's users. But in the othe side I also consider it as a currency because we all know that bitcoin can be used to pay transactions and payments online. Well ofcourse it depends on every users how they will treat their bitcoin.


Bitcoin is digital currency and it's a one type of coin and it used for online transaction payment like some online purchase and all ,this bitcoin now get in Amazon also and in future its rule a world so in all online transaction are used in future so it reach a people so much and this one is the best investment coin too.
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November 17, 2017, 07:08:50 PM
 #123

No because in my country it is already used for a lot of things and i think in the future it will become more popular and a lot of companies will support bitcoin payments and even do something with blockchain technology.
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November 17, 2017, 07:14:20 PM
 #124

I think the title says it all.

After a long time of thinking, reading and also investing a bit into Bitcoin I have to say that it looks for me that the main use is actually just pure Investment. It always looks like that everyone just talks about how great the Technology is although they secretly want to get super rich with a always raising price. Of course it's used with several shopping or daily things, but that's just such a small part of it.
During that, people who don't want to take the risk to invest call it a "Bubble" and people who don't want to lose their money just make kind of stupid speculations without any arguments.

In the end (just my opinion) the price of Bitcoin is controlled by all the media (that's hyping bitcoin and talking about it everywhere) and all the really big bitcoin whales with e.g. like 10000+ coins can actually effect the market the most. Imagine what a few people with a huge amount of bitcoins could work out together to control the market and making money.

It's just weird, because it turns this, what everyone calls it, great technology in the end just to a fully commercial object to earn money. Which would be probably also the reason why it stays and raises all the time, because it's normal that everyone wants to make a big amount of money with this little effort.

Let me know what you guys think and please don't give me this non argumented one liner like in all the other threads Wink

It's certainly not a useful currency, and doesn't hold a stable store of value, which would preclude it as a currency in my book. However, merely classifying it as an "investment," while accurate, doesn't go far enough in classifying it for me. I would argue that it is a speculation coin more than an investment coin.

I don't think the media controls the price of bitcoin though because they never controlled the price. (Control and influence are not the same thing.) They certainly keep the hype up and this influences awareness, but it doesn't control the price. Bitcoin has reached a certain critical mass at this point that it would persist without constant media attention.
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November 17, 2017, 07:21:49 PM
 #125

I think yes bitcoin is just an investment coin because the most people just want to make profit out of it and they have made a lot of profit out of it has already reached 8k the people who bought it at the beginning of the year have made 7k profit on each bitcoin.
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November 17, 2017, 07:49:17 PM
 #126

What you are describing is a bubble, and I think bitcoin has a real use case, and that's why it has a real chance in succeeding. The problem is that most people investing in it, are just entering the market because they think they can win money with it. Some investors don't even have a wallet, and just buy and hold bitcoins on exchanges, so they have no real plan in ever using it. If people continue like this, then bitcoin will crash.

There is of course another scenario though. Bitcoin starts as a pure speculative asset, it enters CME Group, then investors come in, it gets more popular as an asset, more investors join in, and it becomes an ETF. It gets even more popular, and now investors start using it as an edge fund. Big companies like amazon start using it as well, because now it has real potencial, and since a lot of money came into it, is also less volatile and can now be used as a form of payment. If this happens, bitcoin will start being use for it's real value, and won't just be a bubble waiting to pop.

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November 17, 2017, 07:56:23 PM
 #127

No because in my country it is already used for a lot of things and i think in the future it will become more popular and a lot of companies will support bitcoin payments and even do something with blockchain technology.

There are quite some stores accepting Bitcoin already, but people aren't spending any of their coins, and likely never will. People who spend their coins once, and see how the price has gone up a while later, will not bother to spend their coins again, and I can't blame them for that. At the time the price was still hovering below the $1000 level, buying back the coins you spent wasn't much of a big deal, but when you see that not even a year later you have to pay 700% more to buy back the same number of coins, you'll more than ever understand that holding is the only option.
reginalkri
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November 17, 2017, 08:00:01 PM
 #128

With the high fees, yes. But I guess the high fees can also be an issue for any coin that goes 1,000,000x.
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November 17, 2017, 08:02:00 PM
 #129

No because in my country it is already used for a lot of things and i think in the future it will become more popular and a lot of companies will support bitcoin payments and even do something with blockchain technology.

There are quite some stores accepting Bitcoin already, but people aren't spending any of their coins, and likely never will. People who spend their coins once, and see how the price has gone up a while later, will not bother to spend their coins again, and I can't blame them for that. At the time the price was still hovering below the $1000 level, buying back the coins you spent wasn't much of a big deal, but when you see that not even a year later you have to pay 700% more to buy back the same number of coins, you'll more than ever understand that holding is the only option.

But when your source of money is basically Bitcoin, you pay for the item a current value. Sometimes people need to cash out to buy, stuff, pay bills. If they don't have any other source of income coming in.
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November 17, 2017, 08:04:40 PM
 #130

There is of course another scenario though. Bitcoin starts as a pure speculative asset, it enters CME Group, then investors come in, it gets more popular as an asset, more investors join in, and it becomes an ETF. It gets even more popular, and now investors start using it as an edge fund. Big companies like amazon start using it as well, because now it has real potencial, and since a lot of money came into it, is also less volatile and can now be used as a form of payment. If this happens, bitcoin will start being use for it's real value, and won't just be a bubble waiting to pop.

I agree to this scenario but there's a lot of issues that Bitcoin needs to overcome like scaling, usability and perception to be really adopted outside of it's current userbase.  I think the scenario you highlighted is the most likely near term.  More cryptocurrencies have better technology to scale, ease of use and better perception but they lack market share which is the hard part.  Bitcoin has the first-mover advantage because it was first to the market as a cryptocurrency.  Same with Ethereum who was first to the market as a utility.  It will be interesting to see the long term for bitcoin and if it can keep the advantage or if it will lose market share while they hardfork every couple months.
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November 18, 2017, 03:05:21 PM
 #131

The whole crypto currency is made the venture target for the moment. It isn't an investment.
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November 18, 2017, 03:15:36 PM
 #132

i'm not really sure that probably cryptocurrencies also made for investment tools because increasing price and increasing valuable asset in the future makes sense to say this is investment coin but i think with the current technology for cryptocurrencies which is provide plenty of advantages then it's very useless if we cannot use them as the currencies and in my view cryptocurrencies have it and able to do it
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November 18, 2017, 03:18:09 PM
 #133

The whole crypto currency is made the venture target for the moment. It isn't an investment.

At present mostly this cypto currency is being used for the investment purpose mostly. But if the masses adopt it than it would be majorly used for the paying of goods and services as well. If govt accepts it then it will boost the confidence of people in such currency as well.

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November 18, 2017, 04:59:00 PM
 #134

I think it is correct that Bitcoin is mainly used as investment option because due to the price fluctuation, it is only good for investment purpose but not good for becoming currency and competing with fiat currency.
As for me i consider bitcoin yes as an investment because it really is a big source of income for many of it's users. But in the othe side I also consider it as a currency because we all know that bitcoin can be used to pay transactions and payments online. Well ofcourse it depends on every users how they will treat their bitcoin.
I look bitcoin as a company and a company needs investors and financers to starts so that it may operate because if no one believes or values its products and services ( in the case of bitcoin is remmitance) then the company would probably fall. Bitcoin is in its early stage since more people still don't know its value but when the time comes, the price would be stabilized and we can use it as a normal currency.

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November 18, 2017, 05:09:04 PM
 #135

I think the title says it all.

After a long time of thinking, reading and also investing a bit into Bitcoin I have to say that it looks for me that the main use is actually just pure Investment. It always looks like that everyone just talks about how great the Technology is although they secretly want to get super rich with a always raising price. Of course it's used with several shopping or daily things, but that's just such a small part of it.
During that, people who don't want to take the risk to invest call it a "Bubble" and people who don't want to lose their money just make kind of stupid speculations without any arguments.

In the end (just my opinion) the price of Bitcoin is controlled by all the media (that's hyping bitcoin and talking about it everywhere) and all the really big bitcoin whales with e.g. like 10000+ coins can actually effect the market the most. Imagine what a few people with a huge amount of bitcoins could work out together to control the market and making money.

It's just weird, because it turns this, what everyone calls it, great technology in the end just to a fully commercial object to earn money. Which would be probably also the reason why it stays and raises all the time, because it's normal that everyone wants to make a big amount of money with this little effort.

Let me know what you guys think and please don't give me this non argumented one liner like in all the other threads Wink

bitcoin is a digital currency that is currently very in the hurry and very in want by people who understand money like this, while the investment is only for those who play long term.
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November 20, 2017, 11:37:55 PM
 #136

Yes probably, it became the source of income, they exchanged the bitcoin into money and some country used it as mode of payment.
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November 20, 2017, 11:46:31 PM
 #137

I think the title says it all.

After a long time of thinking, reading and also investing a bit into Bitcoin I have to say that it looks for me that the main use is actually just pure Investment. It always looks like that everyone just talks about how great the Technology is although they secretly want to get super rich with a always raising price. Of course it's used with several shopping or daily things, but that's just such a small part of it.
During that, people who don't want to take the risk to invest call it a "Bubble" and people who don't want to lose their money just make kind of stupid speculations without any arguments.

In the end (just my opinion) the price of Bitcoin is controlled by all the media (that's hyping bitcoin and talking about it everywhere) and all the really big bitcoin whales with e.g. like 10000+ coins can actually effect the market the most. Imagine what a few people with a huge amount of bitcoins could work out together to control the market and making money.

It's just weird, because it turns this, what everyone calls it, great technology in the end just to a fully commercial object to earn money. Which would be probably also the reason why it stays and raises all the time, because it's normal that everyone wants to make a big amount of money with this little effort.

Let me know what you guys think and please don't give me this non argumented one liner like in all the other threads Wink

As of right now, it seems that Bitcoin’s biggest benefit is as a store of value because of the fees and transaction times. The fees have gotten so high that I think people are reluctant to use Bitcoin as a method of payment. My understanding is that there are some improvements in the works that will address the issue of high fees and slow transactions for Bitcoin. But for now, it seems that the name recognition of Bitcoin is enough to keep it as a valuable commodity to hold as a store of value.
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November 21, 2017, 06:37:56 AM
 #138

I think that this is true, but there are also people who use bitcoin as a payment method. Hackers use bitcoin to store their money and they use it to afford things on the internet. For me Bitcoin is a investment coin and a coin for doing payments. I prefer them both because i use both of them. So i sometimes invest and sometimes i spend my bitcoins online.

It is true for now because there is not that much stores that accepts bitcoin as a mode of payment, but when the time comes that most establishments accepts the coin and when you will be able to use the coin as a payment for a service then bitcoin will become more on as a currency and not an investment.

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November 21, 2017, 06:41:54 AM
 #139

For me ? Yes
And also for some people, bitcoin was also become their payment tools for their life, bitcoin become something to pay tax, water, electricity, food

It means that bitcoin is very useful for them which his/her environmeny has support bitcoin as payment

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November 21, 2017, 11:41:01 AM
 #140

I think the title says it all.

After a long time of thinking, reading and also investing a bit into Bitcoin I have to say that it looks for me that the main use is actually just pure Investment. It always looks like that everyone just talks about how great the Technology is although they secretly want to get super rich with a always raising price. Of course it's used with several shopping or daily things, but that's just such a small part of it.
During that, people who don't want to take the risk to invest call it a "Bubble" and people who don't want to lose their money just make kind of stupid speculations without any arguments.

In the end (just my opinion) the price of Bitcoin is controlled by all the media (that's hyping bitcoin and talking about it everywhere) and all the really big bitcoin whales with e.g. like 10000+ coins can actually effect the market the most. Imagine what a few people with a huge amount of bitcoins could work out together to control the market and making money.

It's just weird, because it turns this, what everyone calls it, great technology in the end just to a fully commercial object to earn money. Which would be probably also the reason why it stays and raises all the time, because it's normal that everyone wants to make a big amount of money with this little effort.

Let me know what you guys think and please don't give me this non argumented one liner like in all the other threads Wink
Its the reality indeed on which most people do really have the hidden motives or perception on getting rich or making good profits into bitcoin even if they would say into other people or on public that they do like the innovation and benefit that it gives. I have the same view regarding on bitcoin is just being treated as an investment purely not totally on its actual usage on where it is being stated on its own whitepaper.You cant blame people though because if money is involve it would really be a different story.
Yes, it is an investment currency and most of the people use it for investment. Maximum people think that bitcoin is just a currency of investment  and use it for that purpose. They do the right but bitcoin can also be used for online shopping and many of the people are using it for that purpose. I think not only investment and shopping but every type of payments.
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