Time to stop using Bitcoin as a form of investment and start using it as payment

[ice_man75]

Listen to me.

Look I know we are a free community, but come on don't you think the price has become so volatile during the past few months just because people started using it as a form of investment. I've seen people buy in low, in hopes of selling it at high, and that's basically pump and dump.

Bitcoin wasn't created to make us rich over night but was created so we could have control over our money and not the bankers. It was created so we could be free, so there won't be any borders telling us we are different from them so we can't trade with them. To be united, but all I see are people only talking about how much profit they've made, not about how it can help people that don't have access to banks(they do but it's a minority).

We live in a society where we take everything for granted, just like we've taken Bitcoin for granted. We don't deserve it. The ones that deserve it don't have access to it.

At the end of the day we become savages and only think about the profit not the good that it can do for us, instead of making us rich.

Yes, I was introduced to it because of the investment, but I was a fool at that time, I couldn't see the bigger picture.

We are a community created for the people, by the people.

(P.S. If you don't see Bitcoin as investment, then be proud of it, and hope it can help us be united, for it's all that we have left against them)

[Red-Apple]

a very good point and i completely agree with it.

but it doesn't have to be only one. you can do both. you can use bitcoin as a currency but also have it as an investment. for example you buy bitcoin today at $1 to be able to spend it as a currency when it is  worth $2 which satisfies both investment and currency aspect of it.

the price rise, the volatility that comes with it and the fact that people will use it as an investment is inevitable.

[keycellko]

Probably the reason why people are not using bitcoin as payment because of its volatility. If you buy a shoes worth .01 btc or roughly $60 and tomorrow that .01 btc will be worth $80 so that you just paid $20 over the price of that shoes. So that won't really mean good for you. So i think bitcoin being so volatile makes people not want to use it as payment.

[Singbatak]

It's a good idea to say that because bitcoins have made the payment faster and become less fee, But on the one hand we also find it difficult to consider it as a form of payment because of its volatile price. But only one answer would be to keep the whales in control of the market that are hard to accomplish.

[FrueGreads]

I totally agree with you, but I don't think it's that simple. We cant simply dissociate both things, and even though fiat exists for people to use it to buy and sell things, we have forex markets, where people just trade it for profit. So my point is, that we will always have both things in bitcoin, and that is perfectly normal. We do need to increase BTC use case, because right now there are very few people that use it as a currency, but we don't really have a lot of options to do that, so BTC still needs to evolve further first.

[nioctiB#1]

I think it can work as a currency at the same time as an investment. Also remember that fiat currency can also be an investment like what i did. I bought us dollars a year ago and now the price of dollar went up when converted to our local currency and I made a profit. The problem here is bitcoin still have only few uses compared to fiat and that is why people are still using it as an investment. Im aware that in some countries bitcoin has already many uses but in majority there are still few. If only big companies or online stores will adopt bitcoin then that can be a start that more people will use it as medium of payment.

[bartolo]

Probably the reason why people are not using bitcoin as payment because of its volatility. If you buy a shoes worth .01 btc or roughly $60 and tomorrow that .01 btc will be worth $80 so that you just paid $20 over the price of that shoes. So that won't really mean good for you. So i think bitcoin being so volatile makes people not want to use it as payment.

That can happen to you either when you buy some shoes or when you sell bitcoin, I don't see the difference. Besides, the price can go in one direction or in the other. It doesn't seem a good reason not to use bitcoin as a means of payment. The only one who could lose money is the seller, but for that there are the payment processors that allow users to pay with bitcoin and sellers to receive fiat money in their bank accounts.

[First77]

I read that shops/stores sell Bitcoin immediately and get cash because of fear of price change.

Bitcoin would be $400 if it is used as payments worldwide.

[gabmen]

Probably the reason why people are not using bitcoin as payment because of its volatility. If you buy a shoes worth .01 btc or roughly $60 and tomorrow that .01 btc will be worth $80 so that you just paid $20 over the price of that shoes. So that won't really mean good for you. So i think bitcoin being so volatile makes people not want to use it as payment.

That can happen to you either when you buy some shoes or when you sell bitcoin, I don't see the difference. Besides, the price can go in one direction or in the other. It doesn't seem a good reason not to use bitcoin as a means of payment. The only one who could lose money is the seller, but for that there are the payment processors that allow users to pay with bitcoin and sellers to receive fiat money in their bank accounts.

That's happening already though fewer since bitcoin transactions are pretty much in an early stage still. Though because of how it's value moves up and down, people will always consider it as an asset.

[pawanjain]

You have made a good point here and you know what, people are already aware of what BTC is. They know that it was meant to be used for payments but what would you do when you will have to pay $10 extra for a transaction of worth $100 . That doesn't happen in real life right. Considering the issues bitcoin still has , it is really tough for people to use BTC as a payment method. Micro payments will be possible through lightning network though but people say it will turn out to be a centralized process. Until then I guess people will be using as an asset only.

[BrewMaster]

you can't force the adoption though.
we all want it to happen, we want to see the sign saying "Bitcoin is accepted here" everywhere whenever we go out for a walk or for shopping,... but it can not happen in a short time and 9 years for a revolution as big as bitcoin from hundreds of years of centralized money to decentralized money is not enough.
the good news is that it IS happening and while it is happening the price will have rollercoster ups and downs like this which WILL attract investors.

[doodle07]

It is the main reason and the vision and mission of bitcoin for me, to be use as a payment method to all transactions and makes everyone feel the convenience.

[ralle14]

I read that shops/stores sell Bitcoin immediately and get cash because of fear of price change.

Bitcoin would be $400 if it is used as payments worldwide.

Most websites that I spend my Bitcoin on always does this and it's not a bad move if they want to make money. Holding it is only an option. How would it go $400 if it's going to be used worldwide shouldn't the price go up or get stable as more people use it because of the demand that it gives and combine that with the limied supply of BTC.

[PsylockReborn]

We have FIAT to do those things which is stable in price. Why buy btc and just use it for payments? We do have credit cards and debit cards for our daily transactions. There's no need to use btc as of the moment as a currency due to its volatility in value. Most of us invested in btc because of that main goal to make it as an investment vehicle for us to profit. I'd be a hypocrite if I would say that I'm buying bitcoin mainly for the purpose of making it as a currency. Each and everyone of us do have our own point of view regarding bitcoin whether we use it mainly as a currency or a store of value. At this moment in time, BTC is best only as a store of value and I think it will never be used as a currency due to its volatility.

[Master_dandosha]

Listen to me.

Look I know we are a free community, but come on don't you think the price has become so volatile during the past few months just because people started using it as a form of investment. I've seen people buy in low, in hopes of selling it at high, and that's basically pump and dump.

Bitcoin wasn't created to make us rich over night but was created so we could have control over our money and not the bankers. It was created so we could be free, so there won't be any borders telling us we are different from them so we can't trade with them. To be united, but all I see are people only talking about how much profit they've made, not about how it can help people that don't have access to banks(they do but it's a minority).

We live in a society where we take everything for granted, just like we've taken Bitcoin for granted. We don't deserve it. The ones that deserve it don't have access to it.

At the end of the day we become savages and only think about the profit not the good that it can do for us, instead of making us rich.

Yes, I was introduced to it because of the investment, but I was a fool at that time, I couldn't see the bigger picture.

We are a community created for the people, by the people.

(P.S. If you don't see Bitcoin as investment, then be proud of it, and hope it can help us be united, for it's all that we have left against them)

That would be impossible to occurs anytime soon because most of bitcoin community see crypto world as real time investment to increase profit chances over 10x per one year . so none of us will find work which pay 10 X of total assets per year . Simply mission impossible . anyway i like bitcoin as its .

[hatshepsut93]

I think there's some vicious cycle when people don't want to use Bitcoin as currency because it's volatile, and it stays volatile because it's being adopted so slowly. But there are more obstacles that prevent mass adoption than just volatility, and more causes of volatility than simple lack of adoption, so we shouldn't necessarily force adoption at any cost. Adoption should happen naturally, it should be driven by some strong advantages over existing payment methods for average users, only then adoption will be sustainable.

[melina152]

I read that shops/stores sell Bitcoin immediately and get cash because of fear of price change.

Bitcoin would be $400 if it is used as payments worldwide.

Yes,It will happen and i think it will under 10$.So investment is best option for bitcoin.

[Prodigan786]

I'm not comfortable with this opinion I'm always love to see in the view of  investment. I don't like to use bitcoin as a payment.

[damort]

Listen to me.

Look I know we are a free community, but come on don't you think the price has become so volatile during the past few months just because people started using it as a form of investment. I've seen people buy in low, in hopes of selling it at high, and that's basically pump and dump.

Bitcoin wasn't created to make us rich over night but was created so we could have control over our money and not the bankers. It was created so we could be free, so there won't be any borders telling us we are different from them so we can't trade with them. To be united, but all I see are people only talking about how much profit they've made, not about how it can help people that don't have access to banks(they do but it's a minority).

We live in a society where we take everything for granted, just like we've taken Bitcoin for granted. We don't deserve it. The ones that deserve it don't have access to it.

At the end of the day we become savages and only think about the profit not the good that it can do for us, instead of making us rich.

Yes, I was introduced to it because of the investment, but I was a fool at that time, I couldn't see the bigger picture.

We are a community created for the people, by the people.

(P.S. If you don't see Bitcoin as investment, then be proud of it, and hope it can help us be united, for it's all that we have left against them)

There are many projects now allowed to let bitcoin to be a payment. You can check solve.care project. https://www.facebook.com/SolveCareFoundation/ This one is a healthcare administration and payments on blockchains which is very interesting and high potential.
Also, did you hear about bitcoins used in Russia for making hotel payments for tourists. https://btcmanager.com/bitcoins-promise-of-global-currency-to-be-tested-at-fifa-world-cup-in-june-2018/
Or even, people can bet World Cup by bitcoins on Betcoin.com https://btcmanager.com/betting-on-the-world-cup-with-bitcoin-on-betcoin-com/
Bitcoins is down in price. But cannot deny that its use is spreading nowadays.  

[mostkey]

currently cryptocurrency is believed to be an investment because it is not possible to make it as payment, fluctuating prices can saturate every second, minute, hour, when the price is very cheap I am sure you do not want to lose BTC more, the statement is certainly all related to the price decline, Behind it all a lot of greedy people trying to control the price of buying more at a fairly cheap price and selling back at a fairly high price, we are all fed up with the greed that is going on.