Bitcoin is not needed but only for investment purposes

[Kez1817]

Do we really need bitcoin?

What do you think?

For me Yes, not just as investment but also as a method of online payments. Bitcoin is very useful but it is up to if you need it or not, if you want to use it or not. You always have a choice but I want to tell you that bitcoin is a very important digital currency nowadays.

[1715253572]

1715253572

[bounceback]

During bitcoin still not available for currency payment in my country I think bitcoin only for investment purposes and not be transaction currency payment, do not know when bitcoin become legal payment transaction and have new method for accepting payment with bitcoin or altcoin. Just bitcoin purposes for investment only and earn profit when bitcoin have lower price time to buy and bitcoin break to higher price is time for selling. Government not try to legal bitcoin because they look have big risk with other investment impact, exactly with bank as saving money for money people become risk when moving money saving from the bank become bitcoin digital investment assets because every on want to increase their money not only for saving like bank.

[FlightyPouch]

I don't know what will happen in the future, but in my personal opinion Bitcoin is currently more than 50% only used for investment or trading. Even though Bitcoin actually has the purpose of being the corpse of digital money, I don't think its use is yet optimal.

I think 50% is just too low, maybe it is high as 70% to 90% since people are usually holding them rather than using them on the daily basis to pay for food or something like that. It is not that all of them wanted to, they have no choice since most of us can't actually use bitcoin directly so they are still stuck on using fiat.

[GDragon]

I need bitcoin to make profit from it to be frank, but it does not mean that I use bitcoin for my own purposes. Because of its function, I really need bitcoin and the blockchain was really a great technology we were supposed to develop. It depends on how everyone uses bitcoin, especially when he uses it for businesses, so it's not just for investment purposes.

[lienfaye]

Its true that people became interested to bitcoin because its a form of investment due to fluctuation. But its not just that, I personally need bitcoin for the reason it gives me convenience on sending money without hassle unlike remittance and most especially giving me security to store my money without bank intervention.

When it comes to new investors making the price high for buying I think its their decision on when to engage themselves. Its not necessary to buy at peak if you can wait for correction. Its about timing and knowledge about what you're getting into.

[Twentyonepaylots]

People like me who are in bitcoin because of investment fills up the majority of bitcoin enthusiasts, but that does not mean that that's all there is to it. We have people who found a safe sky at bitcoin because of it's nigh ominpotence when it comes to remittance and security. We also have the visionaries that believe bitcoin is the currency of the future. So don't generalize.