Can Bitcoin be a volatile investment tool and payment method at the same time?

[ASHLIUSZ]

There are examples out there. Gold bars and coins can be used as an investment asset, and at the same time they have been used as currency (especially during the middle ages). If gold can be used in this way, then why can't Bitcoin or any other crypto?

What you have mentioned is agreeable in one way, but the same isn't a volatile investment tool. Gold bars and coins have a physical state and a very long years of history. This is how they gained importance as an investment, and bitcoin is truly a volatile investment in comparison to gold bars and coins.

[bhabygrim]

At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?

I think there are some place or country that has it already both.
They are using it for payment at the same time other people use it for investment .
There are already so many places that we could use our Bitcoin for payment method but the question here is are you willing to pay with your Bitcoin ?

[sijonru]

volatility has been bitcoin's feature since the beginning and if it can be a payment method, haven't you heard? more and more stores and other markets are accepting bitcoin as payment? there are even retail stores here in my place that are accepting not just bitcoin but also other major cryptocurrencies. It is just a matter of choice for merchants, whether they will take risk and trust bitcoin in spite of its volatility or never at all.

Bitcoin is known to fluctuate, so many are afraid to have it. Despite its fluctuating nature is the process towards long-term price stability. So that bitcoin investment is considered very feasible because it provides big profits.
When bitcoin is created, people will consider it not a global digital currency because based on their analysis, people will be afraid of unstable prices. It turns out that everything is not right because now bitcoin has become a digital currency that is used globally, and more and more users.

[Jating]

At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?

I think there are some place or country that has it already both.
They are using it for payment at the same time other people use it for investment .
There are already so many places that we could use our Bitcoin for payment method but the question here is are you willing to pay with your Bitcoin ?

Switzerland is the first country that comes into my mind, so possibly, it's doable.

Right now? I'm not willing to pay with my bitcoin, lol, the price is really going up, would rather hold it as a investment. But there are a lot of bitcoin supporters, no matter what the price, is using it as mode of payment though.

[Ucy]

Of course, it can.
 It can always be paired to something stable. If not the dollar, we could create a stable currency/unit of measurement that is slightly affected by the economic factors of the most stable economy or product of the world.


The inventor included the deflation for good reasons.
Before you can safely take away the deflation, there are several other things that need to be adjusted as well. Example: the  21 million supply limits has to be adjusted.

[mornabo]

At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?

I think there are some place or country that has it already both.
They are using it for payment at the same time other people use it for investment .
There are already so many places that we could use our Bitcoin for payment method but the question here is are you willing to pay with your Bitcoin ?

yeah actually there are many places that accept payment with bitcoin even though it's fluctuating though. they will not pay attention to fluctuations as long as the payment system they make does not harm them. and actually the question is with you, do you want to use it to pay?

[gabmen]

At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?

I think there are some place or country that has it already both.
They are using it for payment at the same time other people use it for investment .
There are already so many places that we could use our Bitcoin for payment method but the question here is are you willing to pay with your Bitcoin ?

yeah actually there are many places that accept payment with bitcoin even though it's fluctuating though. they will not pay attention to fluctuations as long as the payment system they make does not harm them. and actually the question is with you, do you want to use it to pay?

I think it depends on the two parties making transaction. If the receiving party would gladly accept btc as payment, knowing well that it has a very volatile nature, then why not. They could be btc investors themselves.

[Tylev]

At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?

While Bitcoin remains very volatile in price by its nature and method of payment at the same time. And in the near future, nothing seems to change. Bitcoin is volatile because its decentralized nature obliges it. Stable in price, it looks like it will never. On the other hand, it was created in this way and at the same time was conceived precisely as a means of payment. Therefore, it still has to combine the volatile price nature and be both an investment instrument and a means of payment. By the way, even a regular currency fulfills this dual role, but the price volatility in them is not so vividly expressed.

[killat]

At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?

Just think about the currency in Venezuela and you will understand that volatility has nothing to do with payment options.

Their currency is much more volatile than most of crypto coins and it's still being used.

[gilangIDR]

At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?

This is difficult to ascertain. What is clear is that Bitcoin is now used as an investment medium that provides opportunities to gain profits. In addition, the system and function of the currency are also owned by Bitcoin. We try to use all the benefits that exist in Bitcoin and I think it's worth making Bitcoin a good financial system.

[deisik]

At some point in time I guess it will become either one thing or the other. It cannot stay both at the same time. Can it? Is it a healthy usage method to have it as both?

Just think about the currency in Venezuela and you will understand that volatility has nothing to do with payment options.

Their currency is much more volatile than most of crypto coins and it's still being used

In no case I would call that volatility

It is correctly called depreciation up to a point where a money token (be it the Zimbabwean dollar or Venezuelan bolivar, or whatever) stops being money. Volatility means change in value, most definitely in both directions. This assumes there is some value but when a money token loses that value altogether, it has nothing to do with volatility. And for the majority of fiat money existing in today's world it is strictly a one-way ticket, i.e. these monies can only depreciate over time. As I'm inclined to think, we can't actually call such depreciation volatility

[Mometaskers]

Currently there's no problem using it for both since most of the products and service being paid for in bitcoins have their value priced in fiat. That means the amount paid is adjusted anyway.

If we intend for bitcoin to be the successor to fiat though, then it'll have to be less volatile as it is now.

snip

That's not very likely

Since it is a vicious circle of sorts. Using Bitcoin as a payment device or value transfer vehicle means real value, while increasing real value leads to less volatility. On the other hand, speculation boosts volatility and prevents mass adoption for Bitcoin's use in these fields. As speculative value comes before real value (it just happened so for whatever reason), it prevents adoption but without adoption there is no way real value is going to increase. Thus you get locked into this vicious circle

Sadly yes.

[killat]

Of course it can, but to be a credible payment method it needs to become much less volatile overtime.

I have a very bad feeling about its price for near future. Stoch RSI (daily & weekly) are very high, RSI daily as well.
There are a lot of "bullish video" on youtube, everyone seems to have $5700 or more as the target.
Short/long chart have never been that low since a long time.
In my opinion, we're going to see a big crash in a few days or week.

[Pab]

When bitcoin will be used more like a payments method then bitcoin will be less volatile
Bitcoin need more merchants adoption to be more in use
However best performing asset in the world always will be volatile
Gold is stable but can't bring bring that kind of profit nothing can