Wesleyeric (OP)
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October 14, 2020, 07:11:08 AM |
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So many people make this comment that bitcoin is for investors, but sometimes people use it in transactions, people actually prefer using bitcoin sometimes.And In a minute it will either ho higher or lower, And it a problem sometimes the money doesn’t belongs to you,but you just want the transaction to be easier, not everybody knows how to monitor market or trade. What is the answer on this. I really want to know if bitcoin is mainly for investors and other person that is using it just for that purpose if the losses if there own risk. Is bitcoin mainly for investors or for every one?
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Fatunad
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October 14, 2020, 07:17:57 AM |
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So many people make this comment that bitcoin is for investors, but sometimes people use it in transactions, people actually prefer using bitcoin sometimes.And In a minute it will either ho higher or lower, And it a problem sometimes the money doesn’t belongs to you,but you just want the transaction to be easier, not everybody knows how to monitor market or trade. What is the answer on this. I really want to know if bitcoin is mainly for investors and other person that is using it just for that purpose if the losses if there own risk. Is bitcoin mainly for investors or for every one?
When we do talk about investment or investor then they do spent out money to buy up bitcoin but actually we can still earn coins without the need of using our own money and which is via on other task that do pay up some Bitcoin or alts that can be converted to bitcoin and also this isnt just for investment purpose because if you do read up the whitepaper of bitcoin then its solely created to be an electronic peer-to-peer payment system which it isnt really hard to understand imho. Making profits or money with it is just a bonus but the true motive of its existence is on that payment system.
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witcher_sense
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October 14, 2020, 07:47:11 AM |
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Bitcoin investors, as any other investors, are expecting returns on their investments, otherwise it doesn't make sense to put your money in. Hopefully, it is obvious that bitcoin is profitable investment only if its value grows over time, or at least, negatively correlates with stock market in case it is used as hedge to mitigate other market risks. However, the latter function of bitcoin is not important in this case. For bitcoin to be profitable investment, in order for it to grow in value it must have an utility, it must be used as means of payment in everyday transactions or as a store of value. It cannot grow in value if it is in low demand among ordinary users. If bitcoin were only demanded by profit seekers and investors, it would likely be worth nothing since its utility as money for people would be questionable.
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mk4
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October 14, 2020, 07:50:27 AM |
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Bitcoin is for whatever the heck you want to use it for. May it be as a speculative investment, a hedge against fiat and inflation, a currency for paying for whatever stuff online, you name it.
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coolbaughandrew
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October 14, 2020, 08:33:13 AM |
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Bitcoin may serve as a good investment tool, but it wasn't made for investors only.
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amishmanish
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October 14, 2020, 08:45:23 AM |
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So many people make this comment that bitcoin is for investors, but sometimes people use it in transactions, people actually prefer using bitcoin sometimes.
The biggest section of people that actually is "transacting" bitcoin are the traders on centralized exchanges. Apart from that, for most people who are not bitcoin OGs or do not have a constant stream of bitcoin earnings, it does not make sense to pay high fees. For such users, you can say that bitcoin is primarily a bet against the value of Fiat. If you hold 2000 USD in your fiat account today, it is a certainty that its value will decrease because of the constant money printing going on. If you put that into bitcoin, you have an alternate that will maintain its value or increase with time. Is bitcoin mainly for investors or for every one?
Everyone is an investor, albeit, at their own levels. Whether you have 500 USD to invest or 5 Million, you have to make the best decision on the basis of known facts and market activity. That level of financial independence and literacy is also one of the many goals of the "sound money" argument.
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btc78
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October 14, 2020, 08:54:18 AM |
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You are wrong in your understanding because it is not "Bitcoin is for Investors" but instead "Bitcoin is for investing" meaning we can choose either you invest or use for transactions.
Bitcoin is a currency so meaning we can make use whatever we wanted,never mind those mentioning that this is for investors only because most of them don't even understand what Bitcoin is really all about. Bitcoin may serve as a good investment tool, but it wasn't made for investors only.
Simply correct because this is a currency and no one can can dictate us whatever we wanted this to be used.
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Peanutswar
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October 14, 2020, 09:34:38 AM |
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Bitcoin today is not only for holding your coin or buying the coin used for earning profit instead the bitcoin today has a different use and one of the best examples with this is like bitcoin atm, bitcoin for spending on gambling and bitcoin as payment for different kinds of stuff like items in the real world, most of them are already adopt the use of the debit/credit cards, I think the bitcoin today is now used for everywhere it depends on the user how they want to spend their most but we cannot deny that there is some people know the use of the bitcoin just for investing only and earning profit with the hodl.
Also the bitcoin is not only for investor instead to everyone because even a child can hold a bitcoin even a hundred-year-old person can hold a bitcoin not only for investors.
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Alucard1
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October 14, 2020, 09:35:24 AM |
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That is how a beginner of the crypto world sees bitcoin, they think that bitcoin is only for earning money, they don't even have good knowledge about it so they only know that bitcoin is one way to earn money, they don't even explore some important things about it.
It would be better if they will know terms like blockchain, decentralization, consensus. Beginners would be great in the crypto world if they don't only see bitcoin as a good investment, there are some other important things that we can have in the world of crypto. If they spend time doing some research or joining some forums like this one, it will help them to know more important things about cryptocurrency.
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Upgrade00
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October 14, 2020, 09:47:55 AM |
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people actually prefer using bitcoin sometimes.And In a minute it will either ho higher or lower, And it a problem sometimes the money doesn’t belongs to you,but you just want the transaction to be easier, not everybody knows how to monitor market or trade. Volatility in Bitcoin, along with scalability issues limits its utility as a payment option. This does not however mean that Bitcoin can not be used for transactions, there are payment channels as well as BIPs aimed at improving how transactions work on the network, there are also outlets which already accepts Bitcoin as a payment option, so it is not only for investors or investing. Bitcoin has various utilities, all of which interacts with each other. It can be used as a speculative asset, as well as a peer to peer payment currency, and the more speculative value it gains, the less people would be willing to use it in transactions. For example Bitcoin has been gaining bullish traction over the months since the halving and before that, with a lot of people expecting a bull run in the coming months, this anticipation reduces its use in daily transaction, as holders would rather hoard them for use at a later time. I believe the evolution of Bitcoin would start of (as it has) as a speculative asset and a means of attaining financial freedom, it would then adapt to become more of a hedge fund and gain adoption as a daily medium of exchange.
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cryptomaniac_xxx
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October 14, 2020, 09:49:41 AM |
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So many people make this comment that bitcoin is for investors, but sometimes people use it in transactions, people actually prefer using bitcoin sometimes.And In a minute it will either ho higher or lower, And it a problem sometimes the money doesn’t belongs to you,but you just want the transaction to be easier, not everybody knows how to monitor market or trade. What is the answer on this. I really want to know if bitcoin is mainly for investors and other person that is using it just for that purpose if the losses if there own risk. Is bitcoin mainly for investors or for every one?
Technically, we can call ourselves all investors in bitcoin, so I don't get your point here. Maybe there could be whales or average joe, so it's for everyone and it's really up to you whether what you want to do with your bitcoin. Others trade, or just HODL on their wallet and sell in the future to make profits. The thing is that there is no central authority, so everyone has the freedom.
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traderethereum
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October 14, 2020, 10:16:20 AM |
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No, I don't think bitcoin is only for investors, even if the price still volatile. You can use bitcoin, and every people can use bitcoin because bitcoin is not just for some people who have a lot of money. Every investment will have the risk that we must realize and know how to minimize the risk. Even for the investor, they need to face those risks too. But as long as you know how to reduce the risk, you will not have worried because no matter what it is, the risk will always be there. If the price changes every minute, that is because many people want to buy bitcoin and sell it again to make a profit.
You can do that too if you want, but before you do that, it is better to learn how to analyze the bitcoin price movement to buy at a low price or downtrend. You can hold it for some time after you bought bitcoin, and if you can buy bitcoin at a low price, you can calm until the time to sell your bitcoin comes.
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proTECH77
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October 14, 2020, 10:33:22 AM |
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Bitcoin is not just for investors alone. Some people choose bitcoin as their investment, where they can buy coins and sell coins to make profit at the end of the transaction. While some choose bitcoin as a platform where they can have more knowledge to use to differentiate bitcoin with other cryptocurrencies and for them to be identify as a bitcoin users not for investment alone. Some just choose bitcoin as a course to study, so that they can impact all new users and,how to relate with bitcoin to get a good rank from the forum.
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lovesmayfamilis
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October 14, 2020, 10:44:59 AM |
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Today, the biggest supporters of bitcoin are young people. They are the ones who see Bitcoin as a source of future profit. A generation of millennials is becoming true Bitcoin adopters. The one who really understands the full value of bitcoin and is, as a rule, a real investor.
If we talk about the difference between investing and trading, then we can say that long-term investors receive stable and high returns. Namely, the one who knows how to wait and endure. Today, investments in bitcoin are made not only by ordinary citizens but also by large corporations. This is a positive factor that speaks about the development of the cryptocurrency industry.
Therefore, I see bitcoin more than a vehicle for investment. I understand very well that what I invest in is my money. From this, you need to really weigh your capabilities and not forget about all the risks.
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Leviathan.007
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October 14, 2020, 11:20:09 AM |
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Actually, no. Depending on your usage bitcoin can be useful for you. Due to the privacy bitcoin gives you, if you are looking for an anonymous payment method bitcoin can be really useful for you. But generally, regarding to the trades, if you ask me I would say since bitcoin market is still too young and there are many emotional price movements on it. So, this can't be safe for short-term traders. In other hand long investors will usually take a good profits by holding it.
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gabbie2010
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October 14, 2020, 11:43:47 AM |
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Personally as a trader I used bitcoin for peer-to-peer transaction my preference is based on the fact that I want anonymous and private means of transaction while avoiding the usual mandatory KYC demand from Skrill, paypals etc although some people utilizes bitcoin for investment purposes invariably for profit making others use it as a store of value thus providing a range of uses for any individuals depending on what purpose the user wants to use it for.
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mich
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October 14, 2020, 11:48:51 AM |
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So many people make this comment that bitcoin is for investors, but sometimes people use it in transactions, people actually prefer using bitcoin sometimes.And In a minute it will either ho higher or lower, And it a problem sometimes the money doesn’t belongs to you,but you just want the transaction to be easier, not everybody knows how to monitor market or trade. What is the answer on this. I really want to know if bitcoin is mainly for investors and other person that is using it just for that purpose if the losses if there own risk. Is bitcoin mainly for investors or for every one?
For me personally it is investment opportunity but also how I play my casino games without using fiat. If you want to ask what percent of people buy BITCOIN for investment only- I am guessing more than half of people do this. Most people are not buying Bitcoin to use for making online purchases to its for either they want to gamble it or hope it goes up in price long term investing in it.
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Wexnident
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October 14, 2020, 12:12:22 PM |
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The majority of it is being used by investors/traders right now so it's actually not unexpected for most people to see it as being mainly used for such. It's called cryptoCURRENCY for a reason. It's main purpose was to create a system that's basically transparent on how you spend or receive money through wallets, keyword "SPEND". Simply saying, Bitcoin can be used just like normal fiat, as long as stores accept them, but due to the adoption of it being at a minimal level right now, you don't see such opportunities that often. Remember that Bitcoin is a currency at it's core.
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yazher
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 14, 2020, 12:16:53 PM |
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So many people make this comment that bitcoin is for investors, but sometimes people use it in transactions, people actually prefer using bitcoin sometimes.And In a minute it will either ho higher or lower, And it a problem sometimes the money doesn’t belongs to you,but you just want the transaction to be easier, not everybody knows how to monitor market or trade. What is the answer on this. I really want to know if bitcoin is mainly for investors and other person that is using it just for that purpose if the losses if there own risk. Is bitcoin mainly for investors or for every one?
Bitcoin is for everyone who want to use it. but of course, they need to know how to use it first. In short, they need to know about the basic to be able to get to the market and learn themselves how BTC trades actually works. They need to sacrifice their time and effort for this thing so that they can use it whenever they want. they don't need to be investors to use it. they just need to become knowledgeable on how to use BTC.
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CODE200
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October 14, 2020, 12:24:54 PM |
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Ofcourse it is not limited to the investors. An invididual may freely use Bitcoin as how he likes to because he acquired it. People may use Bitcoin on transactions or in daily basis but the problem is its adaptation from different countries. There are only few countries wherein Bitcoin and other cryptos are widely accepted which means Bitcoin is being used more of an investment not because they only want to do so, but because they have no ither choice to make use of such technology. The problem why it is being limited to investment purposes is because of its scope as a digital currency.
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