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Author Topic: How do you use bitcoin?  (Read 1366 times)
pinkgeldof (OP)
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December 24, 2018, 05:45:27 AM
 #1

1. Speculative/trading/buying coins hoping to get rich.

2. As a medium of exchange, currency to buy stuff just like you would for money.

3. As a means in itself to make money, i.e mining.

Also why did you get into bitcoin?  

1. You were one of the first movers? You thought it was cool, interesting, you were here from the start?
2. Revolutionary ideas that it's going to change the world, banking system, etc.
3. You were just curious and then the more you looked into it, you saw how cool it was and promising(me).
4. Speculation, wanting to get rich.  

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December 24, 2018, 07:31:36 AM
 #2

I use Bitcoin in trading on exchanges. And I came to the world of crypto for the fact that for me it was initially interesting and then I realized that you can make a lot of money here.
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December 24, 2018, 07:35:03 AM
 #3

I use bitcoin as a speculative tool. I do not actively trade but with little investments i can go long or short Bitcoin at intervals. But i hodl majority of my assets. And also regularly flip other alternative currencies i earn for BTC.

I got in during the hight of the pump, although not as an investor. The market requires careful understanding of the fundamentals.

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December 24, 2018, 07:38:10 AM
 #4

I have experience trading on the NYSE. About a month ago, I started trading Bitcoin. I also have some long-term investments. I'm sure that Bitcoin will greatly increase in price in the future, so I think that it is profitable to invest in it now.
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December 24, 2018, 07:43:53 AM
 #5

I do not hold bitcoins as yet, although i have stored up in some very promising altcoins which has good products and high potential return on investment. I do not yet use the applications of these coins, amd am more concerned with the profit value.
I am learning more on the product value of bitcoin and some other altcoins.

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December 24, 2018, 07:59:53 AM
 #6

1. Speculative/trading/buying coins hoping to get rich.

2. As a medium of exchange, currency to buy stuff just like you would for money.

3. As a means in itself to make money, i.e mining.

Also why did you get into bitcoin?  

1. You were one of the first movers? You thought it was cool, interesting, you were here from the start?
2. Revolutionary ideas that it's going to change the world, banking system, etc.
3. You were just curious and then the more you looked into it, you saw how cool it was and promising(me).
4. Speculation, wanting to get rich.  



Almost everyone's main goal is currently focused on investment. Everyone is investing in the future value of Bitcoin and in order to make money.

A small number of people like me, are not looking at Bitcoin as USD. What is important for us is just how many satoshi we have. We do not sell Bitcoin to buy USD, I think the market is keeping up with that way.
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December 24, 2018, 08:08:09 AM
 #7

1. Speculative/trading/buying coins hoping to get rich.

2. As a medium of exchange, currency to buy stuff just like you would for money.

3. As a means in itself to make money, i.e mining.

Also why did you get into bitcoin?  

1. You were one of the first movers? You thought it was cool, interesting, you were here from the start?
2. Revolutionary ideas that it's going to change the world, banking system, etc.
3. You were just curious and then the more you looked into it, you saw how cool it was and promising(me).
4. Speculation, wanting to get rich.  



In fact, everything you mentioned in your points suits me.
I use cryptocurrencies to pay for various services on the Internet, I trade them to earn and I am fascinated by this technology. I believe that cryptocurrencies are the future of finance and blockchain is the future of the economy around the world.
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December 24, 2018, 09:12:01 AM
 #8

I still keep my bitcoins, expecting a little more benefit. But in the future I would like to be able to pay for goods and services using bitcoins. And I came to the crypto, since I was interested to find out what it is.
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December 24, 2018, 09:19:33 AM
Last edit: December 24, 2018, 09:53:12 AM by aoluain
 #9

1. Speculative/trading/buying coins hoping to get rich.

2. As a medium of exchange, currency to buy stuff just like you would for money.

3. As a means in itself to make money, i.e mining.

Also why did you get into bitcoin?  

1. You were one of the first movers? You thought it was cool, interesting, you were here from the start?
2. Revolutionary ideas that it's going to change the world, banking system, etc.
3. You were just curious and then the more you looked into it, you saw how cool it was and promising(me).
4. Speculation, wanting to get rich.  



Numbers 1 and 2 for me but the smaller percentage being on number 2
as i hold more bitcoin than i spend.

It is obvious though that bitcoin is something different to everyone but
the main usage now is a speculative one

R


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December 24, 2018, 10:16:51 AM
 #10

For now, I use bitcoin only to invest. I don't like trading and in my country transactions are not permitted to use Bitcoin.
I think I entered the world of cryptocurrency and Bitcoin because I believe bitcoin is a very good technological development. And I'm sure bitcoin will continue to grow. That's why I'm here and start using bitcoin as a future investment.

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December 24, 2018, 10:59:16 AM
 #11

in my opinion it doesn't have to only be one of them. i myself have all of the motivations! to make money, to speculate, to use as a medium of exchange and on top of that to also learn more about an interesting technology and gain some additional skills.

and i think that is the correct way to go. bitcoin is many things, it is not just a currency to use as a medium of exchange so why not take advantage of all the opportunities it is providing?

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December 24, 2018, 12:18:26 PM
 #12

we can use bitcoin for various transactions like trading or for internet transactions that can be used for bitcoin. and up to the future it can be open to all its uses at all mall stores and more easily used without wallet or atm. day to day runs to the future, we need to support everything that is best for the future of humankind.
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December 24, 2018, 12:41:53 PM
 #13

Same as gold and other commodities. People use bitcoin as an investment asset. They buy and then exchange it again with fiat for profit. For me bitcoin is very profitable if we can use it well
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December 24, 2018, 01:11:37 PM
 #14

if I use bitcoin to invest and to trade day, if it's for transactions,I might use it sometimes, because I have a prediction that I trade with Bitcoin someday I will be able to realize my dreams and dreams, when it comes to investing I, I use it as my future savings, because I think bitcoin will develop better in the future.

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December 24, 2018, 01:20:28 PM
 #15

You should have made a google form with these questions. Also giving some details about the reasons for this research would be nice.

1. Speculative/trading/buying coins hoping to get rich.
2. As a medium of exchange, currency to buy stuff just like you would for money.
3. As a means in itself to make money, i.e mining.

I earn some Bitcoin from here and there, I keep some satoshi (and altcoins too) as investment, I buy for Bitcoin here and there. I even bought Bitcoin for fiat at some point, from BTM, but not such significant amounts, unfortunately.
I do some hobby mining too, but really seldom, not really to earn money.
So it would be [1] and [2], I guess.

Also why did you get into bitcoin?  

1. You were one of the first movers? You thought it was cool, interesting, you were here from the start?
2. Revolutionary ideas that it's going to change the world, banking system, etc.
3. You were just curious and then the more you looked into it, you saw how cool it was and promising(me).
4. Speculation, wanting to get rich.  

It's [3] and [4], maybe a bit of [2] (change the world yes, but not really the banking system, not just like that). Since I have some IT background, it's not only the coin that interested (and interests) me, it's the technology too.

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December 24, 2018, 01:38:38 PM
 #16

I want to use Bitcoin for my various purposes, for example, I want Bitcoin to be benefited by investing as well as in exchange for it. I also want to use Bitcoin in many other ways. It gives us various opportunity for use it. personally I like Bitcoin very much.

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December 24, 2018, 01:56:37 PM
 #17

1. You were one of the first movers? You thought it was cool, interesting, you were here from the start?
I remember the excitement of the first day. I installed the Electrum then created my first wallet, got familiar with sending and receiving features and the my expression was WOW! I would not need a third party to have my money.

I use bitcoin to my daily life where ever I have options.

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December 24, 2018, 02:01:18 PM
 #18

I use bitcoin in many ways.
Part of my BTC funds I invested in my own business.
Also, I invested part of the funds to other businesses in other to diversify my porfolio.
I also invested in other alt coins.
Rest of funds I keep in my wallet.

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December 24, 2018, 02:11:37 PM
 #19

1. Speculative/trading/buying coins hoping to get rich.

2. As a medium of exchange, currency to buy stuff just like you would for money.

3. As a means in itself to make money, i.e mining.

Also why did you get into bitcoin?  

1. You were one of the first movers? You thought it was cool, interesting, you were here from the start?
2. Revolutionary ideas that it's going to change the world, banking system, etc.
3. You were just curious and then the more you looked into it, you saw how cool it was and promising(me).
4. Speculation, wanting to get rich.  


There is nothing else that we can implement in the use of bitcoin, which is clear at this time we can use bitcoin for our needs every week or every month such as paying bills etc. At first I just kept collecting bitcoin from the faucet until two years had passed I found something good from bitcoin so I could earn a decent income to cover some of my needs in real life.

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December 24, 2018, 02:19:07 PM
 #20

Just joined the crypto space and just use it as an asset storage
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