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

[Cryptoshops]

If Bitcoins became stable like fiat money where there is only small movements instead of the huge volitilty which is caused from people trying to make a quick buck,  by pumping and dumping then maybe more people would start to use it as currency which is what it was meant to be used for.

[bungutko]

Yes,  I definitely agree with the proposal of the author of this thread. In my opinion,  most of the people that are with btc were more on investment mainly because of the immediate return of profit once it pump up. Using btc as a payment system is what the author's best proposal to let the people know that  btc is not only for investment and it be use for another purpose.  Let's support this idea as this is will make btc maintain in the mainstream of the crypto market.

[scooby_doo23955]

Well, I totally agree with you this. I too want acceptance of bitcoin in day to day life and all sort of payment. Then we could use it as currency too. Using it as payment along with investment is necessary now.

[Slavyanskiy]

And many guys have long used Bitcoin as a means of payment. Every year, the number of transactions for payment of goods is growing.

[LodisMcguire]

There has been some that take bitcoin as payment for their product,but i think it's still too early.Majority of bitcoin is held by some whale and the distribution is not even.If all people have bitcoin,that's when it can be used as payment,but now,it's too early.

[thesmallgod]

well if you think of using it for making payment then it now depend on what you want to buy and how much more are bitcoin being used as form of payment just like credit card and paypal. bitcoin is still struggling to be used as form of payment because many people still think it still lack feature of been used as a legal tender. volatility is another reason why some merchant will not want to use bitcoin as payment processor because they are also in big risk holding bitcoin especially when the price goes down

[syaripudin]

it's not easy to make bitcoin just as a transactional tool considering the price of the bitcoin that keeps moving between up and down quickly. so to make a pure bitcoin just for a means of transactions would of course need the right time when bitcoin prices have a very stable movement.

[BITSSA : BITCOIN EXCHANGE]

Yes absolutely, bitcoin is a revolutionary step towards a more convenient world as it will make transactions easier for anyone. And the biggest advantage will be it's security features. It is better that we start using it as a mode of payment rather than an investment option.

Please read our blog: Reasons to fall in love with cryptocurrencies. Click here

[Ahimoth]

It is hard to use Bitcoin as mode of payment at its state now since it is going down. You might lose, it is better to wait for the price to increase so you will benefit more even as you use as mode if payment.

For how long are we going to wait? Won't that just make us misers?

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.

That's overthinking: If I do this, this will happen. If I do that, that'll happen, what if instead of it going to 80$ it goes to 40$, you will feel happy then, but what about the person whom you bought it from, he'll be at loss won't he? We need to start thinking about others before ourselves and need to stop overthinking because it ain't gonna do us much good , this will be the stepping stone to make a better society.

If we want something we should just get it and not wait to make a profit.

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

(P.S. No hard feelings)

Why stop the former when you can have them both functioning for our own good. Investing in bitcoin means a lot to many of us in here because we found a chance to be rich. We can use it as a payment only if we have our own account. Investing in bitcoin is the start of getting involve to it and. using it as a payment is just a perk.

[AliMan]

It is hard to use Bitcoin as mode of payment at its state now since it is going down. You might lose, it is better to wait for the price to increase so you will benefit more even as you use as mode if payment.

For how long are we going to wait? Won't that just make us misers?

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.

That's overthinking: If I do this, this will happen. If I do that, that'll happen, what if instead of it going to 80$ it goes to 40$, you will feel happy then, but what about the person whom you bought it from, he'll be at loss won't he? We need to start thinking about others before ourselves and need to stop overthinking because it ain't gonna do us much good , this will be the stepping stone to make a better society.

If we want something we should just get it and not wait to make a profit.

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

(P.S. No hard feelings)

I don't understand the reason for saying to stop investing in bitcoin. Remember that investing in here is the start of involvement. You can't have bitcoin and use it as a payment if you don't have one. It's very irrelevant so please enlighten me cause it's very misleading. Start by investing and using it as a payment is just a function.

[warwar]

It is hard to use Bitcoin as mode of payment at its state now since it is going down. You might lose, it is better to wait for the price to increase so you will benefit more even as you use as mode if payment.

For how long are we going to wait? Won't that just make us misers?

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.

That's overthinking: If I do this, this will happen. If I do that, that'll happen, what if instead of it going to 80$ it goes to 40$, you will feel happy then, but what about the person whom you bought it from, he'll be at loss won't he? We need to start thinking about others before ourselves and need to stop overthinking because it ain't gonna do us much good , this will be the stepping stone to make a better society.

If we want something we should just get it and not wait to make a profit.

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

(P.S. No hard feelings)

Why stop the former when you can have them both functioning for our own good. Investing in bitcoin means a lot to many of us in here because we found a chance to be rich. We can use it as a payment only if we have our own account. Investing in bitcoin is the start of getting involve to it and. using it as a payment is just a perk.

though the main reason why bitcoin is made is that we could pay  fast , efecient and low fees though at the time goes by it is using for investment and trading which  the reason why bitcoin is getting bigger and bigger over the time. Remember the pizza day? someone here in forum want to buy pizza using bitcoin and that is bitcoin starts climbing and notice by everyone.

[matchi2011]

If Bitcoins became stable like fiat money where there is only small movements instead of the huge volitilty which is caused from people trying to make a quick buck,  by pumping and dumping then maybe more people would start to use it as currency which is what it was meant to be used for.

That's right, when bitcoin stop this huge fluctuations and begin to be more stable then people will start to get attached and used it as a currency, what is happening right now are pushing away possible users, after seeing the heavy downfall they will be afraid to exchange their money, they won't used it for possible transactions being used in any payments as they are worried that the value will decrease any time when downfall happen again.

[cryptodalton]

That's a good advice. Many people are not using bitcoin as in different countries it has not been legalized. However, in different companies the compensation of employees are given through bitcoin. I hope in future more companies and sectors will start using it as a means of payment. I'm very optimistic about it.

[hassan2654]

I agree with you partially. Because when people invest in bitcoin for making some profit, demand will be in a form. But the form or demand will be changed when you will buy it for payment system. But ultimately the value of bitcoin will affect your purchasing capability.

[juliehunt07]

Well, very good topic I appreciate you. I also think that bitcoin shouldn’t be use as a forum of investment rather than it can be used as a way of payment. It will make the things better.

[crypto1010]

From what OP said its a practical solution of what we can achieve from been United and In my opinion I too think the best way to see bitcoin grow in value is more everyday use and less long term investments as this idea of not using btc for everyday usage is giving away the advantage crypto had,  forget about Visas upper hand of processing a lot more transactions than btc and lets wait for the lightning network to be fully operational and be able to compete once this is rolled out....for know we need to remind ourselves why btc came to life in the first place!!

[Thirdspace]

If we want something we should just get it and not wait to make a profit.

that would surely returns bitcoin to its function as a peer to peer currency
but sadly most people hodl bitcoin as an investment for the purpose of making profit  
the reason for that is because some countries prohibit the use of bitcoin as a mean of payment
so to avoid getting into problems, they are just using it as a form investment or commodity trading

[roadwell890]

if now we do, then the whales will benefit very much today
if you want to control bitcoin, you have to control whales behind bitcoin, because they are the original bitcoin players

[bloodyvio]

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)

yes i am a bit agree with your opinion
bitcoin should be a payment system rather than a form of investment
but what makes bitcoin a form of investment is the limited supply of bitcoin itself
and also to get bitcoin must be from mining activities
you also know to mine bitcoin should be with equipment that is not cheap and use high electricity costs

so i think until all bitcoin supply has been mined until then bitcoin will still be an investment form

[zolfa]

we know that bitcoin has many advantages and also has many positive things, so bitcoin not only makes us happy, but bitcoin also makes us rich quickly because of uncontrolled fluctuations.

but I think that all the bitcoin functions like investing, being a tool of transactions, and trading cannot be separated. so all the bitcoin functions will always be used by everyone. and that's what will make bitcoin last for long time.