Is Bitcoin actually just a Investment coin?

[CuriousGeorge]

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.

Just my opinion, bitcoin is no more suitable for replacing cash, it's just too costly for a transaction right now and the confirmation has becoming so slow to arrive due to scaling problem.
The only best option is used for investment, or else, moving big money with bitcoin, the fee will become suitable.

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[carlfebz2]

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

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.

[Rana590]

It is one kind of asset. Bitcoin is a popular and valuable crypto currency in this situation. Investment with Bitcoin is a familiar work. Holding is one kind of investment. But we can compare Bitcoin with fiat currency also. Because we can find fiat for exchanging it.

[finzyoj]

It is one kind of asset. Bitcoin is a popular and valuable crypto currency in this situation. Investment with Bitcoin is a familiar work. Holding is one kind of investment. But we can compare Bitcoin with fiat currency also. Because we can find fiat for exchanging it.

The popularity of bitcoin brings people to invest in it because of the benefits it can give to everyone. Because bitcoin is expensive even though it is volatile which can be a good asset to hold and keep for a long time with a chance to grow because it price increases every year. Bitcoin can also be a currency which can be used for fast and more secure transaction around the world.

[DarkIT]

well, i think like that, and i also see it that way. bitcoin really becomes a very good coin made as an investment tool rather than in use as a means of payment. well, it is also very good bitcoin made in the base of other coin-making platform.

[TheBobman]

It is one kind of asset. Bitcoin is a popular and valuable crypto currency in this situation. Investment with Bitcoin is a familiar work. Holding is one kind of investment. But we can compare Bitcoin with fiat currency also. Because we can find fiat for exchanging it.

The popularity of bitcoin brings people to invest in it because of the benefits it can give to everyone. Because bitcoin is expensive even though it is volatile which can be a good asset to hold and keep for a long time with a chance to grow because it price increases every year. Bitcoin can also be a currency which can be used for fast and more secure transaction around the world.

I agree with you the popularity brings investors in bitcoin, but remember also that bitcoin is also a method to pay anonymously on the internet i like that because bitcoin has the highest privacy of all the things.

So for me it is not just a investment coin but more than that it is similir to a currency.

[honeyb0y]

For now you can consider bitcoin as an investment coin since there is not much of establishments that accepts it. But when the time comes that most store both online and physical store accepts the coin as a payment for everything then we can consider it as a currency.

[btcprospecter]

For now it is more of an investment coin than a currency it is far to volatile to be used daily for purchases. More and more places are starting to accept bitcoin and this will help it to be used as a currency. Until then most people are holding.

[sindikat]

For now you can consider bitcoin as an investment coin since there is not much of establishments that accepts it. But when the time comes that most store both online and physical store accepts the coin as a payment for everything then we can consider it as a currency.

To stores took as payment bitcoins need to change the existing conditions. We see that this is not happening. Price of small transactions very high in order to make purchases. Confirmation also is slow. The volatility of bitcoin is also scares off many sellers. It seems to me that without solving these problems we will use for purchases of Fiat.

[Ewox]

Bitcoins sole purpose is actually not to be an investment coin however people chose to make this coin as an investment because of its value and worth. So that's why most people rather invest in Bitcoin and hold on to it for a couple of years because it will be worth something in the future. But hopefully in time they or we will make use of the proper usage of Bitcoin.

[Kurokonobasuke]

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

Actually, the main use of Bitcoin is a mode of payment since it is a digital currency. It just turned out to.be an investment when people niticed that its market value is growing and becoming bigger. So holding and storing, just like what people are doing on a normal investment is advantageous as its value becomes more expensive each and everyday.

[shield132]

Curious, how can bitcoin be just an investment coin? Because you bought bitcoin yesterday and now got profit?What do you think, what makes price higher? Seems you don't know how economy works, well, that's not a problem, we are here to help you. There are many different factors which affects it's price, coin is new too, so that's why it has potential to look like an investment coin. After 100 years it may not rise or fall so quickly and so seriously. Coins aren't mined fully, popularity increases everytime and etc.

[tdrinker]

It is something I have considered and worried about before, as an economist it is clear to me that the design of bitcoin will always lead to price increases as long as demand is increasing. People have said to me before that bitcoin could just be a tremendously intelligent ponzi scheme.

[loopes]

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.

there is two option mainly used for bitcoin 's investment, long term purpose or short-term purpose.
usually people who hold bitcoin in bulk and have another business in real life only let their bitcoin in cold wallet and took huge profits after invest their money in bitcoin. (keep their money in form of bitcoin like commonly did for gold).
in terms of payment method, i think fluctuations is no big problem since there are many new projects innovation to exchange bitcoin to fiat in real time for transaction.

[Oceat]

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.

there is two option mainly used for bitcoin 's investment, long term purpose or short-term purpose.
usually people who hold bitcoin in bulk and have another business in real life only let their bitcoin in cold wallet and took huge profits after invest their money in bitcoin. (keep their money in form of bitcoin like commonly did for gold).
in terms of payment method, i think fluctuations is no big problem since there are many new projects innovation to exchange bitcoin to fiat in real time for transaction.

Not really a fan of work when you are a long-term investors, it's just that you are looking for a greater profit in a different view when you does this. Also the advantage for this is you can do something on whatever you wanna do because you were just waiting for the exact time until you'll get to sell your investments. Unlike to those who does a short-term trading is quite hard specially if you are not that just skilled to predict the market you will likely to burn your money.

[alexzorgo]

I think that nobody will be able to give the exact answer to this question. This innovation in a revolutionary way for our time. It breaks all templates. Widespread introduction of cryptocurrency is unprofitable to many structures, many wealthy men. Therefore early to speak about bitcoin as about a long-term investment. Nobody knows what opposition of the authorities and interested persons against bitcoin will end

[carlisle1]

It is difficult to understand that but yes, actually a lot of people are introducing theirselves only to make money from it, not to take advantage of the uses of bitcoin and the whole cryptocurrencies in general.
A lot of people are only buying bitcoins to increase their portfolio's money, so i am not impressed for saying that bitcoin is just like an investment, but the main idea of bitcoin was just to be like a new "currency" only that it is digital..

Well initially as I understand it, bitcoin was designed to be a P2P and not as a investment. But lately, when the price soars and the big boys comes and join the fun, bitcoin became as a investment platform. That's why its gonna be hard to attain it as mode of payment now because its now treated as a investment instrument by the super rich.

perfectly right mate the p2p design of bitcoin now is always gone,because of those big players now it becomes investment in which those big one controlled the system.how can we say that its a rightful to use as online payments when even the transaction is being compromised because of what is going on now,the transactions are delayed and the fees are getting higher and higher

[faceoff97]

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

Actually, people can use bitcoin as an investment or a form of payment. But seeing how bitcoim shows tremendous growth it is wiser to consider bitcoin aa an asset instead of using it as a mean of payment. Bitcoin value is ever changing, it will continue to grow and we could expect to even double its value in the coming months. There is no denying that there are many good and service that is now accepting bitcoin, but ww have to put in mind that its better to hold it than spend.

[phutakami]

Bitcoin is a coin worth investing for as it has great potential in the future, there is a large investor community that cares about it.

[Sled]

Bitcoin is a coin worth investing for as it has great potential in the future, there is a large investor community that cares about it.

Bitcoin is indeed has a lot of potential in the future and with bitcoin it is very possible right now to become successful someday with our investment and that is by putting money in bitcoin and holding it for a long time. The bitcoin might have some up and downs but it is pretty normal and i thin that if you really believed in potential of bitcoin in the future then you know what to do which is just hold.