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Author Topic: Is Bitcoin actually just a Investment coin?  (Read 2981 times)
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December 12, 2017, 01:07:51 PM
 #221

Actually, Bitcoin is not an investment coin. Its main purpose is to be a digital currency, which we can use and spend in our everyday expenses. The vision, being an alternative mode of payment and eliminate debit and credit use so to reduce online scams and fraud. The main reason why most people considered it as an investment coin, digital asset per se, is because of its volatility which was been abused and misunderstood by the majority of crypto enthusiasts. If when in the future, BTC hit its ceiling, people might change their thoughts regarding of this investment thing and should start soon spending their profits or hold coins like a normal currecy.

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Actually, Bitcoin is not an investment coin.
if its not an investment coin then what it is?  bitcoin is actually used in investment therefor it is an investment coin but it can also be used some other things like trading, mining, buying and selling,etc... bitcoin is a multi purpose asset and not just an ordinary digital coin.

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The vision, being an alternative mode of payment and eliminate debit and credit use so to reduce online scams and fraud.

i agree that satoshi nakamotos vision on why did he create bitcoin because he wants another alternative payment online that can be use independently and anonymously without strings attached but bitcoin cant possibly eliminate the used of credit cards or fiats because those are still more important and been trusted when compared to bitcoin. also bitcoin cant reduce scams and fraud or any other illegal activities rather criminals tends to use it more because bitcoin is kinda anonymous and it is hard to be tracked easily while using it when compared to some other payment method.

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December 12, 2017, 01:16:28 PM
 #222

The price of bitcoin is simply fantastic and it can be considered a highly profitable investment, not virtual money, despite the fact that many are skeptical about it. In addition, many people buy it only to make a profit from the price increase.
         

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December 12, 2017, 02:16:41 PM
 #223

In my country yes, bitcoin is just an investment. Even if people want to use it as currency (to pay for services or goods) they don't have an opportunity.
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December 12, 2017, 02:41:42 PM
 #224

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
If Bitcoin was only an investment, then it shouldn't be used as a medium of exchange. But it turned out that it also had that function. A pure investment is leaving your asset grow in value for several years without touching it..

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December 12, 2017, 03:05:30 PM
 #225

indeed most people only make bitcoin as a place to invest because growth and development of this coin is very fast, especially lately it looks like where the price rises high and make a lot of new investors who are interested to invest their money into this virtual currency "bitcoin", and I think bitcoin is not just for investing a lot of things we can do with bitcoin that we have like buying goods and paying using bitcoin, it's a bit difficult to find such service providers but I think there will be many who will open a business and accept payment using bitcoin
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December 12, 2017, 03:14:07 PM
 #226

In my country yes, bitcoin is just an investment. Even if people want to use it as currency (to pay for services or goods) they don't have an opportunity.

A lot of people take bitcoin as an investment and I think most of people are since it is making a good price pumps lately, obviously people will be taking the waves and ride on it to make good profits. But because of the price pumps that is happening, they are scared to use bitcoin because they are saying that the bitcoin price may pump so they will be just holding them rather than on using them.

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December 12, 2017, 03:32:07 PM
 #227

Many people think like that, and I think that's one of the reasons why the price goes up more than 1000% in 6 month, but I think it's more than just an investment or currencies. Bitcoin is technologies that still can developing to make change about future payment.
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December 12, 2017, 04:26:03 PM
 #228

Just a clarification - buying Bitcoin to wait for the an increase just to sell it for profit is more trading than investing. Investing in bitcoin would be holding over the long term.
Bitcoin is in the form of cryptocurreny which make it as a new form of currency that is suitable for faster and reliable transactions. So thinking that Bicoin is only an investment is not the perfect idea to focus on. The truth is bitcoin serves as a currency in transaction that could also used on trading platform that could give us a way for us to earn and to have profit in the future.

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December 12, 2017, 04:35:56 PM
 #229

Bitcoin is not only an investment coin but also a currency which you can use to pay things online and it has a fast transaction speed and also have a better rate which is lower than the other type of mode of payment that you can use in your area or country.



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Jackblack90909
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December 12, 2017, 04:54:04 PM
 #230

No it is also a currency and it is indeed used to buy and sell goods and services online, just like the fiat currencies. Its an asset because it have the price increasing highly so many investors try to buy it and hold this coin for the longest period, but it is used mainly as a currency.
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December 12, 2017, 04:57:40 PM
 #231

Bitcoin is not only an investment coin but also a currency which you can use to pay things online and it has a fast transaction speed and also have a better rate which is lower than the other type of mode of payment that you can use in your area or country.

Bitcoin is not just investment. It future currency so it will give more information for the future growth and future invest to plan to work and process. Most people don't know the bitcoin process and how to handle it. Bitcoin chnage future. So people waiting for the invest the bitcoin.
Bitcoin is use to save it for the future invest. Bitcoin help to invest the correct business process. Then you will get the more profit.
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December 12, 2017, 05:43:32 PM
 #232

No it is also a currency and it is indeed used to buy and sell goods and services online, just like the fiat currencies. Its an asset because it have the price increasing highly so many investors try to buy it and hold this coin for the longest period, but it is used mainly as a currency.
Currently we can say its going with both options its currency and and investment because too many peoples enjoying with these both options now mostly have confidence and liking this as good long term investment and many like me using this as currency also because we have no other option
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December 12, 2017, 06:00:36 PM
 #233

I agree that Bitcoin is mainly used as an investment option, because of price fluctuations, it is good only for investment purposes. In order to become a currency and compete with the currency, it doesn't fit

According to my point of view bitcoin is jack of all trade and tries its best in everything. Bitcoin is the best coin ever for online procedures. It can be used for any process; it is just like an ordinary currency but is digital, so it can perform any function that can be done by USD or any other physical or digital currency. Yes, it is mainly used in investments but also is has a vast use by the public worldwide for their need. I think bitcoin can be used for any process.
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December 13, 2017, 07:14:58 PM
 #234

The price of bitcoin is simply fantastic and it can be considered a highly profitable investment, not virtual money, despite the fact that many are skeptical about it. In addition, many people buy it only to make a profit from the price increase.
         
Bitcoin has different uses means It is using for a lot of purposes and it is helping people to have bright and secured future, today if you will have alt of money and will not save anything for the future then you cannot make profit but if you will have money and will invest it in bitcoin you will have bright future. In case of saving bitcoin is the best but along with it we can have strong income with bitcoin.

 
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December 14, 2017, 11:37:08 AM
 #235

Bitcoin`s founders have not created it only as a tool for investment. They have very broad idea, they want to reduce or eliminate the problems faced by common while doing transactions with banks and with fiat currencies. Bitcoin as a currency is the best hassle free tool of trade. Its decentralised nature is eliminating the intruder from a trade. But due bans and regulations from governments of many countries it failed to become a popular currency. But it has achieved a great success as an asset/investment. Investment in bitcoin has given far more returns to its investors.
Yeah you are right satoshi didn’t created bitcoin to use it in only investment way people sorted out it in this way and I believe that if bitcoin get to the currency mode there will be more progress and development in the every region and now its currency use has started amazon and many other online outlets are accepting it as payment also and this thing is promoting its use as currency but it is also good in this mode,
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December 16, 2017, 09:56:26 AM
 #236

The price of bitcoin is simply fantastic and it can be considered a highly profitable investment, not virtual money, despite the fact that many are skeptical about it. In addition, many people buy it only to make a profit from the price increase.
         
Bitcoin is just an ordinary currency like USD or any other but it is a bit unique because it is a digital currency and is used in digital procedures. While using bitcoin, it depends on the user that how he is using it, he can also use it for investment while ordinary payments can also be done with it. I think bitcoin can perform any function; its use just depends on its user.
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December 16, 2017, 10:27:50 AM
 #237

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 not just for investment purpose but it serve all the characteristics for which any other currency stand for if not more than other altcoins and fait currency in the world. The introduction of Bitcoin and blockchian technology has made financial transactions more easy both local and internationally for p2p and any other form of payment or purchase.
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December 16, 2017, 11:35:56 AM
 #238

Yes I think so .
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December 16, 2017, 12:26:53 PM
 #239

I think people should stop viewing Bitcoin as an investment in terms of growth. I personally view it more as a hedge against the buffoonery of government money management, which has wrecked many a currency in the past. The hope is that if my gov screws up our money and the value goes to crap, maybe BTC will still work. If it goes up in value in the mean time, great.
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December 31, 2017, 10:56:17 PM
 #240

I think people should stop viewing Bitcoin as an investment in terms of growth.
something with volatility like bitcoin cannot be viewed as a hedge.
hedging is a way to protect the value of your money in a sense of minimal risk of losing value against inflation
for current condition fluctuation of bitcoin price, saying bitcoin as an investment is more appropriate
its price can go up by 1900% in a year? or down by 30% within a week?
that doesn't like a way to protect your money, more like to get more money by using your money/asset

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