Don't you think we should use BTC as a medium instead of capital gain ?

[imrul5]

Do you think we should change our attitude towards bitcoin ? Don't you think we should use BTC as a medium instead of capital gain.

[1715650387]

1715650387

[virendarnagpal]

Bitcoin has already been given the status of a good source of income.  People  want to become rich at the earliest possible by investing here.  I think presently most of the people are using it as an investment instead of using as currency for economic transactions.
Because it has been taken as investment that is why it's price moves in a wide range of up and down.

[imrul5]

Bitcoin has already been given the status of a good source of income.  People  want to become rich at the earliest possible by investing here.  I think presently most of the people are using it as an investment instead of using as currency for economic transactions.
Because it has been taken as investment that is why it's price moves in a wide range of up and down.

Using cryptocurrency as an investment is a bigmistak. It is actually a currency.  So,we should change our view to the BTC as well as other cryptocurrency or else something worst may happen.

[Wind_FURY]

OP, I assume you are asking from a point of view that Bitcoin's future "would be better" if it was a medium of exchange first, and a store of value second?

You should remember that it took gold hundreds of years to become a good and stable store value before it became a medium of exchange. I believe Bitcoin will follow the same path and will take as much time as it can too.

[imrul5]

OP, I assume you are asking from a point of view that Bitcoin's future "would be better" if it was a medium of exchange first, and a store of value second?

You should remember that it took gold hundreds of years to become a good and stable store value before it became a medium of exchange. I believe Bitcoin will follow the same path and will take as much time as it can too.

You are probably right.  But gold has a real existence where cryptocurrency is just a digital currency.  In this case I don't think BTC will be able retain store value like gold in future.

[ngamuk tok]

Bitcoin is very flexible, depending on your desire to use bitcoin like. Investing for bitcoin is useful but using bitcoin as a means of payment is also important, I think it would be better if we can use it for both.

[Missterio]

Yes it is true, but most people do not care about it. I think most people here just because of the profits. And if this were not then the people here were much less.

[Herlina]

Do you think we should change our attitude towards bitcoin ? Don't you think we should use BTC as a medium instead of capital gain.

You can do all that, Why not both? Hold Bitcoin if you believe it is a profitable investment, also you can support Bitcoin as payment by converting Fiat to Bitcoin and using Bitcoin as payment every time you shop

[Dudeperfect]

Bitcoin at its core is a payment system and we should use it in that way instead of focusing on speculation activities. However, since Bitcoin is in its early phase of development, there is a high probability of earning exponential gains but that is going to happen only if we are using Bitcoin as a payment system. Bitcoin is valuable today just because the early adopters decided to spend their funds instead of holding and now it is our responsibility to do the same.

[imrul5]

Do you think we should change our attitude towards bitcoin ? Don't you think we should use BTC as a medium instead of capital gain.

You can do all that, Why not both? Hold Bitcoin if you believe it is a profitable investment, also you can support Bitcoin as payment by converting Fiat to Bitcoin and using Bitcoin as payment every time you shop

I want to do both of them. But look at the fluctuations of BTC's price. Having such frequent and huge fluctuations I can't do it both. I think no one can do both of them.

[imrul5]

Bitcoin at its core is a payment system and we should use it in that way instead of focusing on speculation activities. However, since Bitcoin is in its early phase of development, there is a high probability of earning exponential gains but that is going to happen only if we are using Bitcoin as a payment system. Bitcoin is valuable today just because the early adopters decided to spend their funds instead of holding and now it is our responsibility to do the same.

Thanks for the supporting to my thoughts.  If we work together then we can change the conventional way of thinking about bitcoin.

[ImHash]

But gold has a real existence where cryptocurrency is just a digital currency.  In this case I don't think BTC will be able retain store value like gold in future.

You are probably wrong Because bitcoin really exist and that is the one thing miners are here to make sure of it to happen, Gold exist physically and so does bitcoin. Hash power and the consumed electricity are the backbones of bitcoin as they are what makes bitcoin to have value. If you can't fake or double the amount of gold you have, There is also no possibility to fake or double any amount of bitcoin, That is all we need.

Bitcoin as payment by converting Fiat to Bitcoin and using Bitcoin as payment every time you shop

You could also mine bitcoin and run full nodes to support the network. Converting fiat to bitcoin is not the only way to support it.

[imrul5]

But gold has a real existence where cryptocurrency is just a digital currency.  In this case I don't think BTC will be able retain store value like gold in future.

You are probably wrong Because bitcoin really exist and that is the one thing miners are here to make sure of it to happen, Gold exist physically and so does bitcoin. Hash power and the consumed electricity are the backbones of bitcoin as they are what makes bitcoin to have value. If you can't fake or double the amount of gold you have, There is also no possibility to fake or double any amount of bitcoin, That is all we need.

Bitcoin as payment by converting Fiat to Bitcoin and using Bitcoin as payment every time you shop

You could also mine bitcoin and run full nodes to support the network. Converting fiat to bitcoin is not the only way to support it.

Hash power is also an intangible.  So, it doesn't has physical existence at all. But I really expect to have a sustainable growth of cryptocurrency.

[palle11]

Bitcoin is already being used as a medium of exchange side by side fiat. Also for exchange of products just like the role fiat does. In fact, it plays these two different roles of exchange and capital gain. For the hodlers, it is profitable to store for the future.

[cold cool]

As a store of value product, I think BTC is not good, but BTC can be used as a speculative product. The price of BTC is too high and the price fluctuation is too large, so it is not suitable for holding all the time.

[meanwords]

At first, that's what I thought too to myself but when reality hits you, you will know that it won't happen for a very long time. As of now, investors and medias alike are promoting Bitcoin as way of profit or an investment rather than a way of transaction for the masses, which hides the truth about it, in turn, most people are now afraid to engage in it. It really sad that people see this this way. But never worry though, someday Bitcoin would be treated as the way it was meant to be.

[imrul5]

Bitcoin is already being used as a medium of exchange side by side fiat. Also for exchange of products just like the role fiat does. In fact, it plays these two different roles of exchange and capital gain. For the hodlers, it is profitable to store for the future.

If you want to get future gain there is a possibility of capital loss. And the capital loss is happening right now. Most of the cryptocurrencies already lost 70% since last December. If we want to see cryptocurrency market as a stable then we should prohibit our tendency to get capital gain.

[talkbitcoin]

this is something that can not be avoided. you can always tell people to start using bitcoin as a currency because it is a currency but because it is new, scarce and is being adopted slowly but constantly, its price will continue to rise so people will also see it as an investment and would want to make profit from it also.

but that doesn't change much about it though. bitcoin is still a currency and is being used as one. in fact the only reason why it is rising in the long run (unlike altcoins which drop in the long run) is the fact that it is adopted as a currency.

[imrul5]

this is something that can not be avoided. you can always tell people to start using bitcoin as a currency because it is a currency but because it is new, scarce and is being adopted slowly but constantly, its price will continue to rise so people will also see it as an investment and would want to make profit from it also.

but that doesn't change much about it though. bitcoin is still a currency and is being used as one. in fact the only reason why it is rising in the long run (unlike altcoins which drop in the long run) is the fact that it is adopted as a currency.

Thanks for the agreement . Yes it is true that it has a possibility of rising in future.  But I like to see it as a currency not investment. May be people do not pay attention right now but they will understand my thoughts very soon.

[BelieveInBTC]

We should start considering Bitcoin as a currency rather than a long-term investment which will generate profit. To generate profit, Bitcoin will have to become popular thanks to being widely accepted and needed. Too many people focus only on the price and complain about it all the time. I'm fed up with it, I hope that people will change their attitude.

[franky1]

OP, I assume you are asking from a point of view that Bitcoin's future "would be better" if it was a medium of exchange first, and a store of value second?

You should remember that it took gold hundreds of years to become a good and stable store value before it became a medium of exchange. I believe Bitcoin will follow the same path and will take as much time as it can too.

so your saying just sit on your hands and wait and see...

so what your saying is dont use bitcoin and wait hundreds of years... (facepalm)

WOW your more sheepish by the day

firstly gold was in ancient eqypt treated as an asset. held only by rich pharoahs. (store of value(sign of wealth)). then it became more common when the wild west mining occured. then it again became something only the rich hoarded again and people commonly handled other things.. this time paper.

stop comparing bitcoin to gold. gold had features/utility/ benefits and reason to mine it. if you really want to stick with the ass kissers that want to lock bitcoin up and let commoners just play around with unaudited/unconfirmed transactions that need second party approval. then go play with fiat.
letting the dvs strangle onchain utility/innovation purely to side step people into other ntworks . is like how the bold standard bank notes and eventual removal of gold backed notes occured,

the ethos of bitcoin was to have something that can be USED to not need to rely on fiat.. but if all bitcoin is going to turn into is hoarding and playing with offchain fiatesque insecure 'receipts' and only re-entering onchain to so that fiat lovers can run back to fiat with more fiat.. then the ethos and purpose of bitcoin is lost.

how about stop kissing devs ass. stop letting them divert attention away from bitcoin and towards unaudited sidechains/other networks/social dramas.. and actually get them to sort out the mainnet.

are you really that fooled by thinking bitcoin can continue as is.. but also be treated as the thing that cant scale.. where the only reason is it cant scale is those shouting it cant scale are the ones preventing it from scaling.
do you not see Luke Jr flip flop about with his 2mb is bad.. thn 4mb weight is good. bitcoin cant scale, vaulting bitcoin and using hub managers is good..

i emphasise bitcoins mainnet has gone stagnant because the devs only care about their commercial services..
i emphasise bitcoins mainnet needs new devs that will concentrate on mainnet.. not the alternative networks rquiring second party permissions.

do not even bother screaming the PR adverts of alternative networks. its all been said and done. years ago it was if you dont like it F**k off.
LN is not a sole feature that will 'make bitcoin great again' the dvs screaming bitcoin cant scale are already dsigning LN to be used to move people to altcoins which will settle onchain(of the altcoin) fastr and cheaper than settling bitcoin onchain. thus permenantly locking bitcoin into "factories" (fort knox vaults)

i really am astonished how so many are brainshwashed into thinking bitcoin is a AI that self fixes and all that is required is sticking head in the sand, sitting on our hands and waiting for utopia..

oh and if you want to rebut that bitcoin price will kep bitcoin in number 1 spot.. ur fooling yourself. if the dvs you love so much initiate a PoW change to make it cheaper to mine (facepalm) guess what.. it will be cheaper to mine, thus easier to sell for less and still profit, thus the support levels evaporate.
imagine if gold only cost $1 to mine 1 ounce. instead of near $1k per ounce..
imagine if gold had no function/utility for day to day use and became only a hoarder asset.

think about it
oh and dont reply with the core defense cap on. just talk about BITCOIN not defend the devs..  the devs are temporary and have lost interest. as i said even they are saying bitcoin is dead by saying it cant scale and cant be a medium of exchange.. so stop defending them.

now take some time and think about bitcoin. the mainnet protocol. not the crapcoin sidechains and LN altrnative unaudited networks.
think about defending bitcoin and actually realise there are issues and they need sorting.

[imrul5]

We should start considering Bitcoin as a currency rather than a long-term investment which will generate profit. To generate profit, Bitcoin will have to become popular thanks to being widely accepted and needed. Too many people focus only on the price and complain about it all the time. I'm fed up with it, I hope that people will change their attitude.

Thanks,  I am totally agree with you. I am working on this issue for a long time.

[Wind_FURY]

OP, I assume you are asking from a point of view that Bitcoin's future "would be better" if it was a medium of exchange first, and a store of value second?

You should remember that it took gold hundreds of years to become a good and stable store value before it became a medium of exchange. I believe Bitcoin will follow the same path and will take as much time as it can too.

so your saying just sit on your hands and wait and see...

so what your saying is dont use bitcoin and wait hundreds of years... (facepalm)

WOW your more sheepish by the day

Did I say that? Wait for hundreds of years before it can be used as a medium of exchange? Are you that moronic? #facepalm

firstly gold was in ancient eqypt treated as an asset. held only by rich pharoahs. (store of value(sign of wealth)). then it became more common when the wild west mining occured. then it again became something only the rich hoarded again and people commonly handled other things.. this time paper.

stop comparing bitcoin to gold. gold had features/utility/ benefits and reason to mine it. if you really want to stick with the ass kissers that want to lock bitcoin up and let commoners just play around with unaudited/unconfirmed transactions that need second party approval. then go play with fiat.
letting the dvs strangle onchain utility/innovation purely to side step people into other ntworks . is like how the bold standard bank notes and eventual removal of gold backed notes occured,

Ass kissers? The ass kisser here is you for sticking with the fraudster Roger Ver who is also allied to the scammer Craig Wright. If you want to attack the argument then go ahead. But there should be respect.

the ethos of bitcoin was to have something that can be USED to not need to rely on fiat.. but if all bitcoin is going to turn into is hoarding and playing with offchain fiatesque insecure 'receipts' and only re-entering onchain to so that fiat lovers can run back to fiat with more fiat.. then the ethos and purpose of bitcoin is lost.

I would be happy to see Bitcoin Cash scale to billions of users only to prove the point that the block size must be regulated, and to scale, offchain is the best way to do it.

how about stop kissing devs ass. stop letting them divert attention away from bitcoin and towards unaudited sidechains/other networks/social dramas.. and actually get them to sort out the mainnet.

No, you stop kissing Roger Ver's ass. Haha.

are you really that fooled by thinking bitcoin can continue as is..

You are fooled that big blocks for Bitcoin are sustainable. But in Bitcoin Cash it is ok because no one uses it. Dogecoin has more transactions onchain. Hahaha.

but also be treated as the thing that cant scale.. where the only reason is it cant scale is those shouting it cant scale are the ones preventing it from scaling.
do you not see Luke Jr flip flop about with his 2mb is bad.. thn 4mb weight is good. bitcoin cant scale, vaulting bitcoin and using hub managers is good..

Stop going back to your "Luke Jr" debate. Quote the source and be done.

i emphasise bitcoins mainnet has gone stagnant because the devs only care about their commercial services..

What "commercial" services and what "stagnant mainnet"? Both lies. The stagnant mainnet is Bitcoin Cash with its almost empty 32mb blocks!

i emphasise bitcoins mainnet needs new devs that will concentrate on mainnet.. not the alternative networks rquiring second party permissions.

Is that the real goal? Kick out the Core developers? Who do you believe should replace them?

do not even bother screaming the PR adverts of alternative networks. its all been said and done. years ago it was if you dont like it F**k off.
LN is not a sole feature that will 'make bitcoin great again' the dvs screaming bitcoin cant scale are already dsigning LN to be used to move people to altcoins which will settle onchain(of the altcoin) fastr and cheaper than settling bitcoin onchain. thus permenantly locking bitcoin into "factories" (fort knox vaults)

What? Hahaha. Everyone wear your tinfoil hats. franky1 is spreading Roger Ver's misinformation again.

i really am astonished how so many are brainshwashed into thinking bitcoin is a AI that self fixes and all that is required is sticking head in the sand, sitting on our hands and waiting for utopia..

Utopia will then be in Bitcoin Cash because "Bitcoin Cash is Bitcoin because Satoshi's Vision"? Maybe kick out Roger Ver then make the coin good on its own merit instead of your Bitcoin FUD and misinformation.

oh and if you want to rebut that bitcoin price will kep bitcoin in number 1 spot.. ur fooling yourself. if the dvs you love so much initiate a PoW change to make it cheaper to mine (facepalm) guess what.. it will be cheaper to mine, thus easier to sell for less and still profit, thus the support levels evaporate.

imagine if gold only cost $1 to mine 1 ounce. instead of near $1k per ounce..
imagine if gold had no function/utility for day to day use and became only a hoarder asset.

There are calls for a POW change but the majority of developers will be against it. Do not talk about it as if it is sure of happening to misinform the people.

think about it
oh and dont reply with the core defense cap on. just talk about BITCOIN not defend the devs..  the devs are temporary and have lost interest. as i said even they are saying bitcoin is dead by saying it cant scale and cant be a medium of exchange.. so stop defending them.

Satoshi will talk about Bitcoin. He will not defend Core.




Plus no one said it cannot be a medium of exchange. But it is a store of value first, medium of exchange second.

now take some time and think about bitcoin. the mainnet protocol. not the crapcoin sidechains and LN altrnative unaudited networks.
think about defending bitcoin and actually realise there are issues and they need sorting.

Defending Bitcoin? But where is the "attack"? The only attack I see is Bitcoin Cash and Roger Ver saying that "Bitcoin Cash is Bitcoin".

[cryptodalton]

People have earned a lot of money investing on BTC and the way its popularity is increasing, there'll surely be more demand in future for investing. However, in different countries BTC is also used as a medium of exchange. For example, in different places compensation of employees is given using it. Though, the popularity as a medium is low. It may gradually increase in future.

[jrrsparkles]

Just use bitcoin as you want,because bitcoin was found to be used under freedom so there is no definite path to use it,just use on your mind how it wants to.I like to do use it as a currency not as a bump and dump coin so I am just holding now until the time comes when we can use bitcoin to buy a coffee or a vodka.

[yadwoa69]

Bitcoin holding is very risky and I think holders are rewarded with the capital gain , it is not to be used as only medium for exchange but as an investment tools also.

[JacobLiam12]

Yes I agree with you on this. We shouldn't limit bitcoin to investment s only. Rather we must use it as a medium of transaction like the traditional currency. I want to use bitcoin in day to day life.

[VitKoyn]

Do you think we should change our attitude towards bitcoin ? Don't you think we should use BTC as a medium instead of capital gain.

Why should we choose if it should be an investment or currency if it can be both? Remember that currency like usd can also be an investment so why not with cryptocurrency that is way better investment that usd because of its high volatility. And also ask yourself where can you use your Bitcoin, in some places I agree that there are already some uses for it, but how about other places that merchants and stores still don't want to add Bitcoin to their payment options? so people there have no choice to use it for payment. For me before this thing to happen, businesses should start adopting Bitcoin payments and also people should be willing to use their Bitcoins as payment, because it is useless if businesses will just adopt it but no one wants to use their Bitcoins.

[jack8989]

Yes I agree with you on this. We shouldn't limit bitcoin to investment s only. Rather we must use it as a medium of transaction like the traditional currency. I want to use bitcoin in day to day life.

Everybody who invests in Bitcoin and expects price increase is due to the trend of the market. All the old investors have made a lot of money, and new investors are looking to make a profit like the old investors. So they see Bitcoin as a coin that can invest and make a profit

[cryptounintended]

Many have long been used as a means of payment. For me it is a slow processing process. And so far I see only as an investment for the future.

[bdc2343]

As far as I know, Bitcoin was created to be a form of payment on the internet. But it seems a lot of people have misunderstood the Bitcoin feature, and they think Bitcoin is like gold.  So they invest in Bitcoin rather than use  Bitcoin as a means of payment

[Smon]

Yes it is true, but most people do not care about it. I think most people here just because of the profits. And if this were not then the people here were much less.

I agree with your opinion. 100% everybody invest in Bitcoin and want to make a profit from the price increase. I guess many people still do not know why Bitcoin was  created for what purpose

[Wind_FURY]

Yes I agree with you on this. We shouldn't limit bitcoin to investment s only. Rather we must use it as a medium of transaction like the traditional currency. I want to use bitcoin in day to day life.

You already can in some limited way. But why use Bitcoin if you already have fiat? It would be better to store all your coins for a rainy day, and a higher price.

It was first thought out to be as a "digital cash" payments system, but after a few years since the genesis block, it was found that it would be not that simple. There are issues in scaling, maintaning decentralization, growing the network, etc that need to be tackled.

[Kakmakr]

Having Bitcoin as a Store of Value only, will only damper it's growth. You need to utilize it as it was intended by Satoshi as a alternative for the Cash system. Satoshi did not say that bitcoins should be hoarded for many years, he developed the whole protocol around a concept that it should be a payment system.

I see no reason why it should not be used for both a medium of exchange and a store of value. There should just be a balance between the two use cases. ^smile^

[aladlanie04]

bitcoin in some countries as already treated as capital gain they want to implement tax on  assets buying crypto currency with fiat  is taxable
selling crypto currency to fiat is also taxable ,   getting profits from crypto currency ,they want to bring  crypto currency under capital gains from investment .

[ClintonJ]

Actually BTC have good value in market already because many people wants to invest money in here also they give lots of profit to their customers based on this many people use this as a income source also they can earn lots of profit instead of this people can get healthy income.

[BrewMaster]

obviously yes but there are sometimes restrictions for using bitcoin as a currency. for example i may want to buy groceries with bitcoin next time i go grocery shopping but the store doesn't accept bitcoin so what other choice do i have but to use fiat and use bitcoin as my investment?

and bitcoin is still young and it will be some time before it is mass adopted, has a huge price and becomes stable. by that time people will automatically shift towards using it more as a currency.

[wireless1889]

Do you think we should change our attitude towards bitcoin ? Don't you think we should use BTC as a medium instead of capital gain.

Well bitcoin can perform both, bitcoin is commong closer to what the fiat can do, therefore it is possible for it to become medium of transaction in the near future as well as it can be use to capital gain. Bitcoin is very flexible where as it can adapt to what the society needed for it to.perform.

[Thefrolly]

Well Bitcoin is a decentralized currency and one is free to use it as he thinks right. There isn't only a single use case for Bitcoin, it can be used as a payment medium or as a store of value or for many other things. There's no harm in any of them. As the adoption increases people will automatically start using Bitcoin as a medium.

[kastara]

Do you think we should change our attitude towards bitcoin ? Don't you think we should use BTC as a medium instead of capital gain.

I agree with you, we can use BTC as a medium of transactions in every outlet that accept BTC as a means of payment in their store for the existence of BTC increasingly known and can lift the name BTC and the existence of the more famous BTC

[andriw]

at the beginning of the creation of bitcoin, bitcoin is as currency which of course serves as an alternative means of payment
but as time goes by and the popularity of bitcoin, bitcoin develops into an investment asset
so I think the most appropriate is to address bitcoin as a capital gain

[leoliln45]

some people don't like investing with bitcoin for them it's a currency they don't care about it that much , but I think we can use it as both way, why can't you use your currency as investment it can be useful for earning profit but investing on gold is different thing it is not unstable like currency

[farhiamunni]

Bitcoins are usually treated as an investment, that is people will buy them and sell them off when the prices rise. This investment has made the investors into millionaires and billionaires as well. That is why, people treat is more like an investment since this method is more profitable to them.

[gasparyu]

We should, but we can't, for now that is. Bitcoin was intended to be a currency, but with its current state, it being an investing is better. It proves to be a good source of income by now. People will always want to get profit. Probably in the future it will be utilized as a currency. Let's just wait for tht time to happen.

[zinson01]

The bitcoin is a virtual asset. Actually it can be used as investment also as currency for economic transactions.

[damrianto]

BTC it is as our place or location to get capital allowance from earnings from bitcoin, so media we use to reach bitcoin place that we have to use computer, laptop, and android. so you can find capital in bitcoin while relaxing at home with a cup of hot coffee ......

[cellard]

Do you think we should change our attitude towards bitcoin ? Don't you think we should use BTC as a medium instead of capital gain.

It's simple: As long as there are reasonable expectations of the price of Bitcoin going up, that is a disincentive to spend it/sell it, or get rid of it in any way, because you would be losing some serious moon tickets.

The only way people would feel comfortable spending it is if the price flattened out, which can only happen if Bitcoin is above $1,000,000, so by then I guess the volatility will be low enough to start spending it.

Forget about spending it for your groceries, unless someone comes up with some serious technology on a second layer way that allows for it.

[imrul5]

We should start considering Bitcoin as a currency rather than a long-term investment which will generate profit. To generate profit, Bitcoin will have to become popular thanks to being widely accepted and needed. Too many people focus only on the price and complain about it all the time. I'm fed up with it, I hope that people will change their attitude.

Thanks man, I am working on this issue for a long time. I talked with so many people about this issue. Most of them want to hold BTC instead of using it for daily life's transactions.

[Wind_FURY]

Having Bitcoin as a Store of Value only, will only damper it's growth.

Who said that it should only be "store of value only". It should be store of value first, and a medium of exchange second until there is a more efficient way of transacting in Bitcoin.

You need to utilize it as it was intended by Satoshi as a alternative for the Cash system. Satoshi did not say that bitcoins should be hoarded for many years, he developed the whole protocol around a concept that it should be a payment system.

But the system in its forrm today is very inefficient as a medium exchange. The best present use case for Bitcoin is a decentralized, censorship resistant, and a stateless, sovereign store of value to protect your wealth that can never be taken from you.

Tell me if I am wrong and that I should store my wealth in fiat.

Plus if Satoshi today tells the Core developers to hard fork to 32mb block sizes, is it in your opinion that Core should follow?

I see no reason why it should not be used for both a medium of exchange and a store of value. There should just be a balance between the two use cases. ^smile^

I agree, but it is a store of value first. Do not lie, you are also hoarding as much Bitcoin as you can, correct?

[Aleshia696]

Most of the people are using bitcoin not as a medium of exchange but rather to store value. They plan to buy it in low prices and sell off at higher prices to easily make profit. But bitcoin and other crypto currency can act same as fiat currency. if bitcoin is more widely accepted in exchange of good and services the usage of bitcoin as a currency will increase.

[AriannaSantosUU]

The damage is already done. I mean, it's not totally wrong, just that some people got the misconception that bitcoin is a good source of income if they invest it well. But there are some users out there do use it as a medium of payment and money transfer.

[banoi]

Bitcoin has already been given the status of a good source of income.  People  want to become rich at the earliest possible by investing here.  I think presently most of the people are using it as an investment instead of using as currency for economic transactions.
Because it has been taken as investment that is why it's price moves in a wide range of up and down.

It makes a profit but it also creates a loss. It is two sides of a problem

[thangthoa]

Can not change that mindset in the present moment

[Variogam]

For Bitcoin to work as medium of exchange for masses, lighting network applications need to be more developed (more user friendly). In few years it could become reality - THIS is the promise which makes Bitcoin as investment interesting today, but in few years when the Bitcoin userbase reach the size lets say of Facebook, no more interesting price increase become possible anymore.

[Ahimoth]

Do you think we should change our attitude towards bitcoin ? Don't you think we should use BTC as a medium instead of capital gain.

I agree with you, we can use BTC as a medium of transactions in every outlet that accept BTC as a means of payment in their store for the existence of BTC increasingly known and can lift the name BTC and the existence of the more famous BTC

Why do we have to choose only one if we can do both of them. We can benefit from both factors so pushing to do them is a great idea. Gaining capital is already a benefit that we can get from bitcoin so increasing the help that we can get from it would be nice. Using it as a medium is just a additional function.

[AliMan]

Do you think we should change our attitude towards bitcoin ? Don't you think we should use BTC as a medium instead of capital gain.

I agree with you, we can use BTC as a medium of transactions in every outlet that accept BTC as a means of payment in their store for the existence of BTC increasingly known and can lift the name BTC and the existence of the more famous BTC

Why don't we just use both of them and have a win-win opportunities. Well we're already getting the benefit from bitcoin by using it as a capital source. Using it as a medium would be just another factor that we can get from bitcoin. We don't have to choose one if we have the chance to do them both.

[Eigig]

I think that the purpose of this bitcoin can either be a medium and at same time capital gain, we will not put aside one purpose but we will maximize the purpose of the bitcoin, so that it not a wadte of oppurtunity ,other than utilizing thay bitcoin as one purpose,

[imrul5]

The damage is already done. I mean, it's not totally wrong, just that some people got the misconception that bitcoin is a good source of income if they invest it well. But there are some users out there do use it as a medium of payment and money transfer.

I don't think that damage part done yet. However, if there is a huge fluctuation then people will be afraid of buying BTC.  People won't be able use it for daily basis.

[imrul5]

Bitcoin has already been given the status of a good source of income.  People  want to become rich at the earliest possible by investing here.  I think presently most of the people are using it as an investment instead of using as currency for economic transactions.
Because it has been taken as investment that is why it's price moves in a wide range of up and down.

It makes a profit but it also creates a loss. It is two sides of a problem

Yes, it is like a delima.  But it was supposed to be a currency, a medium of transaction.

[imrul5]

BTC it is as our place or location to get capital allowance from earnings from bitcoin, so media we use to reach bitcoin place that we have to use computer, laptop, and android. so you can find capital in bitcoin while relaxing at home with a cup of hot coffee ......

we also can find capital loss while setting at our home with a cup of tea. Actually it is not good to interfere the natural beauty. BTC was meant to be a medium but we now ,use it as a investment tool. Because of this attitude we already started our capital on bitcoin.

[DanyJr]

Bitcoin has helped a lot of people to be financially independent so it's only normal if people look forward to capital gain, but it's not that people don't use it as an exchange of medium at all. If the facilities and the way of using it as an exhang e medium gets easier, better and convenient to use without many limitations, the scale of using it as a medium of exchange will increase as well.

[imrul5]

Bitcoin has helped a lot of people to be financially independent so it's only normal if people look forward to capital gain, but it's not that people don't use it as an exchange of medium at all. If the facilities and the way of using it as an exhang e medium gets easier, better and convenient to use without many limitations, the scale of using it as a medium of exchange will increase as well.

Look at the gold . Gold was used to be a medium of exchange and transactions.  Due to investment and long lasting characteristic it has lost its currency value. It is only used as an investment.

[ClaytonLWils]

Bitcoin, in my opinion can be used as both as a medium of exchange and used as preserved wealth or capital. Nowadays, BTC has become more reliable than ever and it has continued growing its reliability. As capital, we can use BTC in investment and as an exchange we can use it to buy anything in the online markets.

[Kokondao]

Yes, that's right with what you say, that we should use bitcoin for the transaction medium of the day in our lives, and not just thinking about making a profit.

[DoublerHunter]

Do you think we should change our attitude towards bitcoin ? Don't you think we should use BTC as a medium instead of capital gain.

I agree with you, we can use BTC as a medium of transactions in every outlet that accept BTC as a means of payment in their store for the existence of BTC increasingly known and can lift the name BTC and the existence of the more famous BTC

Why don't we just use both of them and have a win-win opportunities. Well we're already getting the benefit from bitcoin by using it as a capital source. Using it as a medium would be just another factor that we can get from bitcoin. We don't have to choose one if we have the chance to do them both.

That is right, why we need to choose if we can do both. Just do both and grab both sides if you are really into those two and you don't need to push yourself to choose what is the best of the best if both of them are already the best. Just have a balance and self-discipline so you will know your limits in both sides.

[thangthoa]

I think that view is ingrained in the mind. It is difficult to change.

[pakhitheboss]

You can use it for both, but people tend to use it more as capital gain than medium.
New Investor are coming for capital gain and there is nothing bad about it. More profits is equal to more demand which in time will result in Bitcoin being used as a medium for payments, This will take time and you should expect this to happen in near future. Some countries have already started using it as a medium and some will follow soon.

At this moment let it be used for Capital Gain. The future is Bright for Bitcoin.
 

[Arkham Knight]

It depends on what you want. People are already using at as a medium in the last 3 years and it worked. They might also just trying how it will work and it is all because if curiosity but for making it a medium for everyone, it is going to be difficult and it will take long before it happen.

[esteam026]

The fact that everyone using ETH is a more means than Bitcoin. Bitcoin has been pretty slow with the speed of development of the era and the number of people using it. Therefore it is not suitable for trading

[Brenda Karenn]

Yeah, absolutely. Bitcoin was born to be a medium of exchange facilitating commerce. Only by making Bitcoin back to its natural mission will the price of Bitcoin be more stable and sustainably grow.

[Menawi12]

Most peoples right now using bitcoin as investment. Its happen because many government still prohibit and ban bitcoin if used for payment. Because of that reason, many peoples and investment firm using bitcoin as an investment

[sushimittee]

Now investors using bitcoin as a investment opportunity and they want to make profit, peoples don't think about it as a medium which we can spend for our daily requirements, investors only need profit and don't care anything else because investors wanna be a rich person if peoples want then they can spend and accept this currency in markets as like fiat currency and this will be a biggest change in crypto market.

[imrul5]

Now investors using bitcoin as a investment opportunity and they want to make profit, peoples don't think about it as a medium which we can spend for our daily requirements, investors only need profit and don't care anything else because investors wanna be a rich person if peoples want then they can spend and accept this currency in markets as like fiat currency and this will be a biggest change in crypto market.

This is the reality. We never understand what is best for us. Look at the dynamite, it was invented to destroy rock hills but now it is using to kill people. BTC was supposed to use currency but it is using as an investment tool.

[orions.belt19]

Most peoples right now using bitcoin as investment. Its happen because many government still prohibit and ban bitcoin if used for payment. Because of that reason, many peoples and investment firm using bitcoin as an investment

Other than government bans, I think that people use bitcoin as an investment because of the lack of adoption. For now, there’s not much areas where you can use bitcoin. There are even some countries where bitcoin is not accepted as a payment system so I don’t see the point of using it as a medium. Also, fees are high so it’s not that favorable to use btc. It’s much more profitable to have bitcoin as an investment instead. It’s possible that btc as a medium will be more possible in the future.

[imrul5]

Most peoples right now using bitcoin as investment. Its happen because many government still prohibit and ban bitcoin if used for payment. Because of that reason, many peoples and investment firm using bitcoin as an investment

 
Other than government bans, I think that people use bitcoin as an investment because of the lack of adoption. For now, there’s not much areas where you can use bitcoin. There are even some countries where bitcoin is not accepted as a payment system so I don’t see the point of using it as a medium. Also, fees are high so it’s not that favorable to use btc. It’s much more profitable to have bitcoin as an investment instead. It’s possible that btc as a medium will be more possible in the future.

Great, this is an important information for us. There are a few areas where we can use cryptocurrency right  now. But this is also a bad habit to use BTC as an investment tool instead of currency. Look at this current price, BTC lost 70% already because of this so many people lost everything they have. It is just a killing machine.

[uptown04]

yeahh  defınıtely  i  agree with you in using  a bitcoin  medium imstead of capital gain   since  according to me  to use bitcoin comes more logicai in one way and also easy seems to me at least.

[ugr_erkn92]

I'm very confident about bitcoin, ibelieve in bitcoin, so i'm investing in this market, i believe and that the growth of the market will support Bitcoin as a payment tool in the future.

[blockman]

Do you think we should change our attitude towards bitcoin ? Don't you think we should use BTC as a medium instead of capital gain.

Everyone is free to use bitcoin on their own jurisdiction and belief.

If you think that its good to use as a capital gain, its up to you and if you think that you should use it as a medium of payment for transaction much better.

We don't have to dictate on what we should do with bitcoin as long as you have it and you are responsible for it to support the technology as well.

[andohyeb]

Bitcoins is best for using it as capital gain by holding it as any other form of financial instrument. The medium of exchange of Bitcoin is a secondly function of bitcoins and shouldn't be the sole source of using bitcoin

[Rockkey]

If you have a lot of time and you do not hurry anywhere, if you do not have monthly needs for satisfaction which you need to regularly make money, then bitcoin is an ideal investment asset. It does not require any storage space, it is better than gold.

[Soots]

I'm very confident about bitcoin, ibelieve in bitcoin, so i'm investing in this market, i believe and that the growth of the market will support Bitcoin as a payment tool in the future.

If bitcoin will become a payment tool in the future, I think that this helped the value of btc gains its profitable price. More people will become interested to hold and spend bitcoin at a good purpose on their purchases, like other crypto traders did. Their spending activities was not meaningful and valuable due to crypto tradings has its broad sectors which really gives huge opportunities that provides every people who wanted sustainable profit.

[Scott Freemann]

Actually, we can use it as both an asset to invest and a means of payment. But people tend to earn profit from Bitcoin investment more than to develop its function as a payment methods, making Bitcoin less reliable. So I suggest that while you can treat Bitcoin as a capital gain, you shouldn't forget its original function.

[Rebecca Bragaa]

In fact, people know Bitcoin mostly because of its reputaion for generating profit. Without this, Bitcoin could not have been that famous. However, I agree with you we should use Bitcoin as a medium of exchange so that this electronic money can bring real value.

[Susan Diass]

You're right. The reason why Bitcoin is considered potential is its ability to facilitate commercial transactions. Bitcoin transaction is faster, cheaper, and borderless, which makes deal and business easier.

[daarul50]

If bitcoin is applied as a future payment method then it may be advancement of this technology will be felt in the digital financial sector where all oranh do not need to bring a wallet because it has been replaced by enough to bring a smartphone to be able to perform various payments or other transactions. We do not need to change any point of view because however long as bitcoin has value then bitcoin will continue to be used by people who hold it either as a means of payment or investment media.

[imrul5]

If bitcoin is applied as a future payment method then it may be advancement of this technology will be felt in the digital financial sector where all oranh do not need to bring a wallet because it has been replaced by enough to bring a smartphone to be able to perform various payments or other transactions. We do not need to change any point of view because however long as bitcoin has value then bitcoin will continue to be used by people who hold it either as a means of payment or investment media.

My opinion is a simple one.  We all should have some BTC for our own shake. I strongly believe that BTC will take away the fiat currency today or tomorrow. Just think if BTC got the recognition as a universal currency then it's value will go up too high.

[Frederickkk]

actually, currently BTC issss used as a medium instead of capital gain just like fiat currency

[Hammonds]

You don't need to change your attitude towards Bitcoin because Bitcoin has its own plot.
Be yourself because that is the best way for you.

Bitcoin is very volatile, you can get rich in an instant or so lose your capital in a few weeks. Bitcoin's core trading is to be patient.

[Ayomiqueen]

There is no attitude to change regard Bitcoin or cryptocurrency , the only way I see we need to work on is how people jump in with no little understand of the technology , Bitcoin is a medium of exchange that gives return on the funds as a way of gain base on people activity and mutual agreement to change and determine the price

[hirngespenst]

You are right, We should change our motive about bitcoin. Bitcoin is not just a capital gain system, But the sad story is, most of the people took bitcoin as an investment. Specifically, newcomers, They come, invest and after seeing the price drops they cry and start panic things. I don't know it is not possible or not to change people's mind about bitcoin, blockchain technology. You see, most of the members of this forum suggest bitcoin as an investment, we should stop it. Bitcoin is a digital currency, not an investment tool or national currency.

[rexona]

Do you think we should change our attitude towards bitcoin ? Don't you think we should use BTC as a medium instead of capital gain.

I agree with you, we can use BTC as a medium of transactions in every outlet that accept BTC as a means of payment in their store for the existence of BTC increasingly known and can lift the name BTC and the existence of the more famous BTC

yes it is true, using bitcoin as a payment medium such as in hotels or shops, it will make the name bitcoin increasingly known by the wider community and make bitcoin more popular.