Will Bitcoin always remain an investment vehicle?

[ZZ8ZZ]

Bitcoin is a cryptocurrency which slowly progresses over time and I'm sure that in the future there will be more and more applications of BTC. Paying for meal (as you stated in your original post OP) is something that already some food chains are doing. I'm pretty sure soon some of the biggest online marketplaces will start accepting Bitcoin as well just like PayPal added BTC.

[1714989717]

1714989717

[proTECH77]

Yes, many countries never still believe on bitcoin investment until during pandemic when the price of bitcoin was going up every day by day, that was causing other cryptocurrencies to decrease in the market.
Bitcoin will always remain an investment vehicle, that can lead people to achieve their goal in their businesse. Bitcoin price is still encouraging many investors who think the vehicle will stop, during the pandemic which is still increasing in the market, that is causing bitcoin investors a great profit from their investment. Despite the year is coming to an end soon, it will be difficult for bitcoin to dump since some cryptocurrencies are preparing to improve base on the loss many of their investors experienced where the price was decreasing in the market.

[CODE200]

Main key I think is regulation of this technology which is still sketchy at this moment since its nature is decentralisation.
If I will view how future looks, third party networks will trigger regulation of this technology, but still not certain of such thing "+'coz development is a process. But if that' s the case, Bitcoin and other cryptos would more likely used like" normal" digital currencies being used nowadays across the globe. And if its market value will still be volatile, it could still be a form of investment, we just cannot be sure of as this early.

[skarais]

There are two main function of bitcoin as a very prominent decentralized currency and the first is as a payment system and the second as a tradable asset. I'm not going to go into detail about these two main uses of bitcoin as I think you're already aware of them in general.

Will Bitcoin always remain an investment vehicle?

There are several reason why bitcoin may no longer be valuable as an investment asset or tradeable asset in the future in my opinion.
1. Previous currency failure
2. Risk of technical failure
3. Political, and
4. Competition between currencies

From the four point above, you should probably realize that even though bitcoin has grown and survived over the years, we still don't know what the future will be like. But now you seem to realize that bitcoin is able to survive and grow during a pandemic and this can be used as evidence and consideration that bitcoin has the potential to last longer.

Or will it one day be truthfully utilized for day-to-day life like paying for meals?

As a currency, bitcoin still has the potential to be used illegally or legally. As a payment system, I think bitcoin has been adopted in various countries as a mean of payment, but you need to know that not all countries have the same regulation regarding the use of bitcoin as currency. It all depend on the rule and you have to stick to them if you don't want to get into trouble with the law. So far, as an Indonesian citizen, I still can't use bitcoin as a legal mean of payment due to regulation, but I can trade it in commodity markets that have been approved by the government.

[Silberman]

Or will it one day be truthfully utilized for day-to-day life like paying for meals?

They come hand in hand and it is impossible to separate them, and let's look at the most obvious example the US dollar, the US dollar can be used all over the world to buy whatever you want and all currencies around the world including bitcoin would like to someday have that level of acceptance, and yet the market of the speculation of the US dollar is the biggest around the world, so while many would like to see bitcoin to be used to pay for whatever you want in your everyday life, and I think we will get to that point, it is impossible for people to stop speculating with it.

[hatshepsut93]

This is a wrong way to look at it, even now Bitcoin isn't just an investment, some people use it for their purchases, even if it's only occasionally. And there's no conflict here, the fact that the majority of users view it as investment in no way hinders the other people's ability to spend it as a currency. People should really stop worrying if Bitcoin is a currency or an investment or a store of value, it has many uses, and it's decentralized, so there's no way to force someone to use it only in particular way.

[DarkDays]

Or will it one day be truthfully utilized for day-to-day life like paying for meals?

I think it is safe to assume that at least for the next 5 years or so BTC will mainly be a market for investment. This is because in my opinion even if BTC continues with the uptrend we are seeing now, people and institutions will see BTC as too risky and volatile to set a business as their mainstream finance pipe, but I do think that in a few years time the picture will look very different. In the sense that I do expect digital currency to be playing a much larger part in everyday purchases. And it may or may not be BTC, but the path for cryptocurrency is visible!

[Vishnu.Reang]

At least for the next decade or so, I am sure that Bitcoin will remain as an investment asset. However, being a digital asset I don't expect Bitcoin to survive for a very long time. After sometime, the advancement in digital technology will make Bitcoin obsolete. It may happen after one or two decades, or even later. But until then, Bitcoin will continue to grow in terms of userbase and acceptability.

[LUCKMCFLY]

Or will it one day be truthfully utilized for day-to-day life like paying for meals?

Of course, the time will come when all countries will accept bitcoin as a payment method, even more so that now people are taking more account of bitcoin as a means of safe haven, some investors are considering bitcoin with a better eye than gold, of course this is an iconic discussion, but when considered a better investment by experts it is a very positive thing.

[Wulan_maniez]

For now, I don’t think I can use bitcoin for every activity. Because bitcoin is still high in volatility, so most industries still think twice about using bitcoin
as an alternative to fiat money in all situations. This is reasonable because there are several downsides if used for alternative payments.
Bitcoin will have to wait for some confirmation that it will take a few minutes or seconds. Also, used the fee for every transaction made.
But likely that one day we will need bitcoin under any circumstances.

[serjent05]

Or will it one day be truthfully utilized for day-to-day life like paying for meals?

Depends on how people will see it.  Different people have different perspectives on things.  Even fiat currency is being seen by many people as an investment.  They tend to utilize its volatility against other currencies to take profit.  I think the same thing will happen to BTC.  In short, as long as there are people that take advantage of inter currency conversion, Bitcoin will always remain an investment vehicle.

[imstillthebest]

it is but its also hard to resist the continous growth of btc , this is why people transform thier btc's into an investment vehicle . people already use thier btc for dining in but that use cant be every day because btc price moves upwards or downwards and this holds people for a while . i think if btc is only stable just like a fiat money , no one will hold people for using thier btc's .

they will treat it like a money and use on a daily basis but it was only sad that they cant use thier btc anymore as an investment . that is the fun part of btc and it will be missed badly

[gantez]

Talking for the buying of meal, that is small value stuffs, it is a problem because of fees but if it is gathered together in large quantity as for example bags of a particular raw food that the price value can be reasonable for btc transactions , it can be easily for that.

[xZork]

Or will it one day be truthfully utilized for day-to-day life like paying for meals?

I think that in the near future bitcoin is still seen as an asset and people invest in bitcoin to make a profit.
Bitcoin has a lot of downsides, too few bitcoins, slow transaction speeds and high fees that make it difficult for bitcoin to be a good currency.

[adzino]

Or will it one day be truthfully utilized for day-to-day life like paying for meals?

Use bitcoin as a regular currency right now? Don't think that is going to happen anytime soon. At least not right now. Bitcoin is still in its infant stage and has a lot of room for development. Remember, the community is still active and people are coming up with multiple solutions without bringing any major change to the bitcoin protocol. Just give it few more years and then we might have a perfect solution to all the drawbacks bitcoin currently faces.
As for now, people are going to use it as "investment vehicle".

[dunfida]

Or will it one day be truthfully utilized for day-to-day life like paying for meals?

Bitcoin can be freely used by everyone which means they do have different perceptions towards it neither they would make it as an investment or would make it as a day to day currency.
For now we know that adoption isnt really that in global scale of things yet government does have different inputs towards it some do ban but some there are already accepting it.
Anyone can decide if they held it up and if we do go back into its own Whitepaper then we can able to read on whats the sole reason on why it had been created
which is to create a decentralized peer to peer transaction without third party intervention.