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Author Topic: Is Bitcoin actually just a Investment coin?  (Read 2942 times)
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November 22, 2017, 02:58:34 PM
 #161

Not at all. For me Bitcoin is not just an investment cryptocurrency, but the peer to peer stuff. It means that dealing with BTC I do not pay any bank commissions of the operations and I can send my virtual money to close people living in the other countries.
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November 22, 2017, 03:30:45 PM
 #162

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.

Yes, I agree. It is 'digital gold', not a replacement for cash and cards. The current bitcoin technology is unsuitable for use as a payment system. The transactions are very slow and expensive, and the performance is severely limited by the protocol. Unless a higher-level solution is introduced, it will be more and more of an investment instrument.
What you say with Bitcoin technology is not good, it is a wrong statement. Bitcoin is a new innovation in making the financial system better, faster and easier. Maybe you should think that in the future we will face a lot of changes and one of them is how we do a financial transaction. Bitcoin is a breakthrough that offers many advantages to everyone. Bitcoin is not just an investment, Bitcoin is much bigger than it is. Bitcoin is money, Bitcoin is an asset, Bitcoin is an amazing thing and Bitcoin can realize impossible things to be true. Lots of changes made by Bitcoin, we will all be facing such a sophisticated era and online transactions will be a choice of many people, Bitcoin gives us the ease to perform various financial transactions in the future !!!

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November 23, 2017, 06:27:35 AM
 #163

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.

Yes, I agree. It is 'digital gold', not a replacement for cash and cards. The current bitcoin technology is unsuitable for use as a payment system. The transactions are very slow and expensive, and the performance is severely limited by the protocol. Unless a higher-level solution is introduced, it will be more and more of an investment instrument.
What you say with Bitcoin technology is not good, it is a wrong statement. Bitcoin is a new innovation in making the financial system better, faster and easier. Maybe you should think that in the future we will face a lot of changes and one of them is how we do a financial transaction. Bitcoin is a breakthrough that offers many advantages to everyone. Bitcoin is not just an investment, Bitcoin is much bigger than it is. Bitcoin is money, Bitcoin is an asset, Bitcoin is an amazing thing and Bitcoin can realize impossible things to be true. Lots of changes made by Bitcoin, we will all be facing such a sophisticated era and online transactions will be a choice of many people, Bitcoin gives us the ease to perform various financial transactions in the future !!!

Bitcoin probably is money and an asset, as gold is. My point is that at present it is unsuitable for day-to-day payments. Bitcoin is much easier, cheaper and faster to obtain and transfer than gold bullion, but much less convenient, slower and more expensive than credit cards. Paying for a cup of coffee with bitcoin currently seems to me as ridiculous as paying with gold grains.
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November 25, 2017, 07:43:28 AM
 #164

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.


Yes I agree. As of now, bitcoin is commonly used as investment instead of online currency. It can't be really good to use as a currency these days because at any time, hour or minutes the price can change drastically or just a bit, this will be hassle to use if you sent incorrect amount plus the transaction fee.
When bitcoin was first created its basics were as currency but now people had changed its true meaning and all are using it for sake of making money and those who are bit aware of its currency eases they are using it as currency and that’s true that it give benefit in both mode so use in that one what you need and more of it btc has capability to give 100% profit so yes it is investment as well as currency, choice is yours.
Now it has become the investment coin otherwise satoshi created it for the replacement of the cash money but people have forgotten its basics and they are just putting their money into this coin and versatility of this coin is that it can be beneficial in both ways and I am suggesting that it should be used as currency also so that it will become more popular and more people will use it and high profit will come.
I did not really understand this question. What do you mean by investment coin? Bitcoin is not only investment but it is also a usable currency all over the world. As we saw that many people have started trading in bitcoin officially in their respective countries, like Japan, South Africa, Vietnam, India and Russia will legalize bitcoin in 2018. You can use your bitcoin anywhere in the world without any exchange of your local currency for purchasing.
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November 25, 2017, 08:06:14 AM
 #165

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.


Yes I agree. As of now, bitcoin is commonly used as investment instead of online currency. It can't be really good to use as a currency these days because at any time, hour or minutes the price can change drastically or just a bit, this will be hassle to use if you sent incorrect amount plus the transaction fee.
When bitcoin was first created its basics were as currency but now people had changed its true meaning and all are using it for sake of making money and those who are bit aware of its currency eases they are using it as currency and that’s true that it give benefit in both mode so use in that one what you need and more of it btc has capability to give 100% profit so yes it is investment as well as currency, choice is yours.
Now it has become the investment coin otherwise satoshi created it for the replacement of the cash money but people have forgotten its basics and they are just putting their money into this coin and versatility of this coin is that it can be beneficial in both ways and I am suggesting that it should be used as currency also so that it will become more popular and more people will use it and high profit will come.
I did not really understand this question. What do you mean by investment coin? Bitcoin is not only investment but it is also a usable currency all over the world. As we saw that many people have started trading in bitcoin officially in their respective countries, like Japan, South Africa, Vietnam, India and Russia will legalize bitcoin in 2018. You can use your bitcoin anywhere in the world without any exchange of your local currency for purchasing.



                       I guess he means that bitcoin has been used mostly as an investment rather than being a currency, if were too, i would do the same, since i think i would regret using bitcoin as a day to day currency and use it for transactions, although the main point why it has been made is to serve as a digital currency, but as its volatility grows almost every single day, then it could also be a good investment.

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November 25, 2017, 08:06:58 AM
 #166

Yes, bitcoin is value adds for digital investment in age of technology, not for replace a real investment instrument.  Bitcoin have life span and have risk value and the user have known that when they accept bitcoin as an investment than the have accept the risk.

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November 25, 2017, 08:09:36 AM
 #167

Bitcoin is both Money (Currency) and Asset. Right now Bitcoin can be used for transactions and also can be used as Investment Asset.
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November 25, 2017, 04:52:44 PM
 #168

There is no denying that buying and holding bitcoin is wiser decision than spending it.because of the increasing bitcoin today. Investors are eyeing bitcoin as a good investment tool.Bitcoin is a popular and valuable crypto currency in this situation.
Yes, it is a wise decision, but if we do not have spenders, then it would have been so boring to hold and then the value will not even be as it is today. Everyone have their functions in the ecosystem.

Furthermore, the value of bitcoin can truly be seen in so many places like Zimbabwe where hyperinflation has occurred for a very long time now which is why bitcoin is so much in demand as that is the only means of transaction for people and business men who need to pay merchants abroad after the government banned international transactions.

That makes it more than an investment as there would be some people who will always need it.
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November 25, 2017, 04:55:03 PM
 #169

Yes, I believe so. Or what do you believe that it could be used to?
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November 26, 2017, 09:24:29 AM
 #170

Yes, bitcoin is value adds for digital investment in age of technology, not for replace a real investment instrument.

Digital investment in age of technology? what is that supposed to mean? Bitcoin is a digital asset which is also an investment considering the growth of bitcoin. Fiat in the same manner is also an asset but not really an investment since its price does not go up but rather go down in future.

Quote
Bitcoin have life span and have risk value and the user have known that when they accept bitcoin as an investment than the have accept the risk.
What life span are you talking about? Life span of the currency? It is infinite. Life span of coins? It is also infinite.
Risk value of bitcoin? That depends on how the market responds to bitcoin but there is no internal risk.

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November 26, 2017, 09:31:09 AM
Last edit: November 26, 2017, 09:46:18 AM by 0t3p0t
 #171

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
For me it works on both investment and as payment system. As an investment Bitcoin is the best though not a stable one but will surely give high return to investors compared to fiat money investments. Bitcoins price is too volatile and too valuable that it even surpassed the value of gold so I think investing our time and money will of course give us good profit. I also use Bitcoin to buy prepaid loads for my internet connection. But in the end it will still depends on how people think of Bitcoin it is either an investment or a new form of currency.
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November 26, 2017, 09:38:28 AM
 #172

Bitcoin is not simply a profitable investment. It is also a currency you can use it to pay some of the cost of accepting it.

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November 26, 2017, 09:41:30 AM
 #173

                       I guess he means that bitcoin has been used mostly as an investment rather than being a currency, if were too, i would do the same, since i think i would regret using bitcoin as a day to day currency and use it for transactions, although the main point why it has been made is to serve as a digital currency, but as its volatility grows almost every single day, then it could also be a good investment.
to be honest im agree with this, the volatilty is just not currency characteristic, this is just too volatile that price could change drastically within an hour also, many companies thinking twice before accepting bitcoin due to its volatility. i prefer to use bitcoin as an investment rather than a currency to spend because it can be more profitable for me than using it for daily expenses.



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November 26, 2017, 09:46:59 AM
 #174

Yes because its price is unpredictable like the other coins. It is a risk that is profitable.
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November 26, 2017, 09:52:02 AM
 #175

Bitcoin is an investment that you can use IT  to buy and  use for campaign signatures and gain profit.

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November 26, 2017, 10:52:28 AM
 #176

it depends either the person want to make returns or he want to use the bitcoin as a currency. a lot of people hold the bitcoin for the capital appreciation but i personally send my brother funds through crypto in china

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November 26, 2017, 12:42:52 PM
 #177


To be honest it should have been the currency of the crypto world and must have been used as normal physical currency. But the past events changed the path of its course and everything is reverted to an asset value or the things which we call as stock commodity etc.

Bitcoin was really a currency as thought by Satoshi and it was made for simpler peer-to-peer transaction per se. It was well that algorithm so that nothing can be caught into centralised mess and thus we could have been blessed with such currency which can rock the transactions in seconds of matter. So yeah now a days it really looks like as an asset or a way to store the money in the same manner as one would do with the gold. It can be changed in the future but I don’t think that much efforts are being taken for it. Just look around us, everyone is just behind the earning money and no one is thinking about contributing into the bitcoin development.



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November 26, 2017, 12:47:50 PM
 #178

Yes, because btc don't have fix amount, it would be a tool to earn money by using buy and sell method, The volatility of bitcoins are the chances to earn good amount of money due to demand is high and supply is low:)
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November 26, 2017, 01:03:48 PM
 #179

Yes, because btc don't have fix amount, it would be a tool to earn money by using buy and sell method, The volatility of bitcoins are the chances to earn good amount of money due to demand is high and supply is low:)

Yes the purpose of bitcoin has not been followed well in fact this would be use for fast transaction such as buying online but people is so intelligent because they are now using bitcoin as one of their part time job. And I honestly tell that I am one of them who make bitcoin as my part time source of income. Bitcoin has been help me a lot since I started it.

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November 26, 2017, 01:05:37 PM
 #180

It's was totally investment coin, because most of the users are invest cash due to good condition of bitcoin in the market. I'm sure they were expecting more in the future, also more capitalist are encourage to invest more in this crypto because bitcoin price now are in the road go to $9,000.

Hopefully that bitcoin price was not fall down, because I'm planning to invest more in this coin this week. I just want to grab this opportunity to increase my savings in my wallet.
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