pecson134
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March 27, 2018, 11:56:27 AM |
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I am pretty much interested to know how many people here uses bitcoin because of it's system, because of the anonymous and the security it provides, and because of the fact that it is really easy to transact over the internet, and there's no one who can just block your account(unlike paypal, a platform that provides an easy way to pay over the internet, but you rely on PayPal to keep your account open).
So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?
Actually I don't mind doing or earning with bitcoins if its value stabilize. Since I am not fond of doing trading or investment it is not an issue for me because one of the reason I came to bitcoin and I won't deny that is to earn money as an additional income aside from my stable job. So if I am choosing an option to the choice you give, I would say that it is the latter part.
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ganlianshifu1
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March 27, 2018, 12:12:36 PM |
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Bitcoin is now much less volatile than it used to be.
If the BTC is stable for a long time, the transfer speed will be faster and the BTC will solve the daily payment without any problems.
People will be very willing to use BTC as a payment tool!
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davinchi
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March 27, 2018, 02:58:38 PM |
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I am not a wealthy person, so I use Bitcoin as a financial tool that helps me make a lot of money. If Bitcoin becomes stable, it may only be used by the wealthy to legalize and hide their assets from governments.But Bitcoin's technology is also a risk because it is something the government removes, anonymity is dangerous to the government.
Hopefully, we all get to be wealthy one day as we approach the stage where bitcoin gets adopted massively as both a better investment and payment instrument. Whichever way, the whole thing is getting glaring that we would get there. Bitcoin and cryptocurrency in the long run is just going to be more like stock markets and there is just no way we will not keep seeing those level of volatility, but for someone like me and the way bitcoin has helped me for transaction purposes, I will still use bitcoin.
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FlightyPouch
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March 27, 2018, 03:05:39 PM |
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So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?
Both. I am using Bitcoin because of it's nature and because it is a financial tool for money making. I will definitely use Bitcoin even if the price are stable since it is a good way to transact wherever in the world. If Bitcoin is not really volatile, I assure you almost all of the places in the world will definitely use bitcoin instead of banning it and it will be a popular type of payment all over the internet.
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speem28
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March 27, 2018, 03:05:50 PM Last edit: March 27, 2018, 03:18:05 PM by speem28 |
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It's a little of both. It is great to use bitcoin in online transaction because it makes our life much easier. We don't need to worry about third-party entities that could interfere with our every transaction. To answer the title, my meaning for a stable price of bitcoin is something that it will not fluctuate like how it is doing now, it will only keep going up. So if that were to happen, I'll be sure to use it more.
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conected
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March 27, 2018, 03:08:06 PM |
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I think the most people would not, because ther are just a few people who are interested in bitcoin as a payment method. Some years ago when the dark web becomes popular, many people used bitcoins to buy stuff there, but the times when bitcoins used as payment method are over i think. There are other cryptocurrencies who are better and more anonymous to buy stuff on dark web. So the most people who have bitcoins just buy, hold and sell them because of the profit they can make with it.
- We should clearly understand that bitcoin is just investment, if the value of bicoin becomes stable, what we will get is a zero, and I believe that standing in the position of an investor, investing without profit, that investment should be removed from the list. Continuing to use bitcoin is not possible, people will not care it is useful or contributing to the future, with them, no value to take advantage, all will be meaningless, but stability will probably not happen when the hands of whales always Bitcoin market manipulation
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STT
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March 27, 2018, 03:42:28 PM |
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I am pretty much interested to know how many people here uses bitcoin because of it's system, because of the anonymous and the security it provides, and because of the fact that it is really easy to transact over the internet, and there's no one who can just block your account(unlike paypal, a platform that provides an easy way to pay over the internet, but you rely on PayPal to keep your account open).
So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?
Tool of making money, you mean as a speculative token ? The only worth Bitcoin has is through its utility, the price varies alot because of speculation of rising numbers of users vs available supply. The base question is still going to be how useful is Bitcoin, by itself bitcoin does not give a yield. The obvious answer to the question should be price stability raises possible deals in bitcoin as the price can be fixed in contracts ahead of time. At present its too difficult to state I will always sell something for 1 bitcoin, not unless my costs are also in bitcoin but often taxes and energy bills must be paid in dollars so ultimately usage is limited by this stability.
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slyfox
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March 27, 2018, 05:00:34 PM |
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For now I use bitcoin only for earning profit ( buy low, sell high). If we have stable bitcoin price we will use bitcoin for buying daily things , not for daily trading. Why will be better if price stable ? Example you get 0.12 BTC salary today worth $1000 and tomorrow will worth $800. That's why people don't take bitcoin serious right now.
If price would be stable, I will use bitcoin for spending daily for things I need.
Bitcoins will be useless if the price is stable because the only reason why people is keep on investing in cryptocurrency is that, the price is keep on increasing as the time goes by and that is the reason why bitcoins is good for long term investment. This is a mistake, the whole purpose of bitcoin is to be a currency what happens is that as any currency around the world it can be traded back and forth for other currencies as time goes by and people begin to adopt bitcoin and it is used as a currency its use as a trading tool will diminish and we will see people more openly using their bitcoins to buy what they want.
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ajochems
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March 27, 2018, 05:17:04 PM |
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I was using bitcoin,because it's my life changing tool.After I come to know about, I was started to earn bitcoin by different ways.First, I had trade to buy some bitcoin and then I use to participate in the signature campaign for the payment and then I had some mining setup in my home.I will use bitcoin eventhrough price is stable.
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Edraket31
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March 27, 2018, 06:45:07 PM |
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I was using bitcoin,because it's my life changing tool.After I come to know about, I was started to earn bitcoin by different ways.First, I had trade to buy some bitcoin and then I use to participate in the signature campaign for the payment and then I had some mining setup in my home.I will use bitcoin eventhrough price is stable.
Yes I will use bitcoin no matter what would be the price is, I already embrace those facts so there is no reason for me not to love bitcoin as this has been the instrument that we are using in order for us to achieve our goals in life, so whether it will increase or dump I will still do bitcoin.
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PepperaOnIt
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March 27, 2018, 06:52:42 PM |
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the unstable price of bitcoin is what it makes it bitcoin. i probably use bitcoin even if stable or unstable. i am very favor in stable price of bitcoin because i lost a lot of money because i get bitcoin then i sell it in a few weeks, then the price dumps so i get less than i should get.
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LeancyBTC
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March 27, 2018, 07:42:43 PM |
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It is hard for me to use bitcoin if it has a stable price. Normally, people like me make money from the fluctuation of bitcoin. And moreover, by holding bitcoin, we can have a better balance in the future. Therefore, if bitcoin is stable, many people will forget bitcoin
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Onyx0
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March 27, 2018, 08:16:09 PM |
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Yes, why not? Bitcoin is the best way to earn and make easily money at the same time it will also helpful to use and save it in the future. So i prefer to use bitcoin even the price is stable because i can use it in my financial needs and the important things i want to buy.
Yeah right bitcoin is all full of profit and we can get good amount of profit with our bitcoin, even if the price will be stable even then it is beneficial to use bitcoin to get money, gradually our system is getting digital so it will earn high amount of profit for you, with time bitcoin is being famous for our daily use and we can get profit with it in any situations, buy now because right now bitcoin is not having any stable price, it use to increase with time.
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Chrystora123
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March 27, 2018, 08:27:46 PM |
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of course, I am interested and will become a loyal user if the price of Bitcoin made stable and validated as one of the means of payment legitimate because its use is very easy and fast ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Triffin
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March 27, 2018, 08:29:46 PM |
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For now I use bitcoin only for earning profit ( buy low, sell high). If we have stable bitcoin price we will use bitcoin for buying daily things , not for daily trading. Why will be better if price stable ? Example you get 0.12 BTC salary today worth $1000 and tomorrow will worth $800. That's why people don't take bitcoin serious right now.
If price would be stable, I will use bitcoin for spending daily for things I need.
Bitcoins will be useless if the price is stable because the only reason why people is keep on investing in cryptocurrency is that, the price is keep on increasing as the time goes by and that is the reason why bitcoins is good for long term investment. Obviously, the basic objective of the creation of crypto currencies was to provide people with an opportunity of making profits on short term basis and that was possible because of the highly volatile nature of the bitcoin and rest of the market. No one is going to support the stable nature of bitcoin if he or she is the true lover of the crypto market. It will leave no difference in typical market and crypto that way.
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_yoshi
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March 27, 2018, 08:37:33 PM |
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Using for what? I do not use bitcoin to buy stuff or pay my bills because its not stable. I used it to trade, to make profit. So as long as bitcoin is so volatile, people will never use it as payment method. So at the moments, bitcoin is jsut good for trading. Nobody want to spend them to buy something because everybody is scared to lose profit when thes us it as payment method!
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matanglawin
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March 27, 2018, 09:10:12 PM |
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I am pretty much interested to know how many people here uses bitcoin because of it's system, because of the anonymous and the security it provides, and because of the fact that it is really easy to transact over the internet, and there's no one who can just block your account(unlike paypal, a platform that provides an easy way to pay over the internet, but you rely on PayPal to keep your account open).
So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?
I think I would be using it more if that's the case. The only downside is that it won't be a good investment for having a stable market value but I think using it as a currency which is its main use in the first place would be benifitial given its advantages for being decentralized and sometimes, faster transactions. But we are talking about cryptos so stability is not possible. But still I will use Bitcoin no matter what.
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dzhan
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March 27, 2018, 09:15:38 PM |
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I am more attracted to Bitcoin because its price is volatile. If the price become stable like fiat currencies, it will lose its difference and attraction, and I will not be as motivated to use as I am currently, because the price volatility (despite its risks) give us hope that our Bitcoins will worth a lot more in the future, so we keep buying and trading BTC.
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NavI_027
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March 27, 2018, 09:42:33 PM |
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I think I would still use btc even though its price became stable. That's because I'm not like the others who invest or trade in order to make profits from it, I earn it through signature campaigns. It's just like I'm not bothered because there is nothing to lose for me since I don't pull some money out of my pocket. So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?
Whether btc's security or volatility motivates us to use it, it's undeniable that we are still benefited by both. What i'm saying is if you invest some money on btc just to make faster and safer transactions, your money may also increase because of its inflations; and if you just use it just to earn profits then your money is safe and anonymous at the same time.
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Eleven86
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March 27, 2018, 10:24:34 PM |
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People are use bitcoin still it's prices are stable. They prefer to choose bitcoin for long term to earn profit. Now the prices are not stable there are so many ups and downs in the market. But this dip is a great chance to invest in bitcoin who miss the chance last time to invest. So don't worry about the price of bitcoin, invest in it wait with patience. If you are you will gain profit short period itself.
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