Bitcoin is not needed but only for investment purposes

[Lordhermes]

Bitcoin are used in different ways by different persons which are traders and investors, actually newbies brings in new money as well as profit to already existing investors and their circulation of money continues in that way. However, investors never gamble with bitcoin whereas trader does and that's the whole point op never understands.
Truly, bitcoin had been needed in a very average enterprise like the buying and selling, gambling on casinos, and many more but in few basics, some countries are still banning crypto which excludes them from needing bitcoin but only for their digital investment, so the rate at which bitcoin need is less than the rate at which its invested.

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[Ratash]

Bitcoin is a currency like the others it grow and some times fall i invest in bitcoin when the price is far from bitcoin potential i started crypto on 2017 and i did not start investing in bitcoin until recently because at that time a lot of altcoins had potential to replace btc as the top currency and where are they now ? bitcoin proved its value over the years.

[AicecreaME]

Do we really need bitcoin?

Most of the members here will say yes but bitcoin is not needed unless you want to earn or lose your money.

You've just contradicted what you had said. That's the point of the whole story, you need it because you gain something from it, simple.

Bitcoin is a form of gamblmg that if you are new you can have high chances to lose money and that benefits others as it comes to them as profits right?

I don't know why many people said this over and over again but you technically didn't lose your money whenever the price of Bitcoin goes down. You'll only lose your money if you bought in $13,000 and convert it into fiat again when it hits $10,000 because of its price fluctuations, that is normal because of its volatility. In short, the reason why you'll lose your money is because of how little knowledge you have about Bitcoin, and not because Bitcoin is a bad investment.

1 BTC is still 1 BTC no matter what price it will have. Also, before engaging in cryptocurrency, be sure to have extra patient and you'll have the profits that you're looking for.

[coolcoinz]

Bitcoin has more uses than simple investment. It is being used for purchases,you can actually charge a debit card or a phone with it and use it for payments, you can order food online or buy electronics, you can of course spend it on mining hardware. Now, is it needed? I'd say the demand on the market shows that it is. Is it only needed as an investment? Again the answer is no, because companies are starting to treat it like backup money, or emergency funds that cannot be seized.

depend in which country you locate and what banks offers us.

Mostly it is the government that hinders people from using this.

Of course in some countries it's banned or highly restricted, but we're talking about its general worldwide use, not country-specific.
Fortunately more than 90% of the governments do not restrict Bitcoin users in any way. You really have to look to find a country where you are not allowed to use it.

[Doulkis]

Blockchain is a good career if you know what it is all about and if you are sure that you will enable to handle it. it can be compared to forex. iIt amy seem like a simple thing but there are so many sides to t and a lot of associations that you need to understand before you can decide to call tin your career. If you cannot get into the system then it is not for you. You need to take some time to make yourself good at it. Blockchain can guarantee you a lot of salary as there are very few blockchain professionals and more air need every single day. it is a very good option for me.

[pawanjain]

It actually depends from person to person and what he/she is using bitcoin for.
Many people use bitcoin to pay for the services and bitcoin makes their work easier as they don't have to pay the merchant their fiat currency doing international transfers.
Many people use bitcoin for gambling and bitcoin makes it easier to deposit and start gambling.
Many people use it for trading.
Many people use it as an investment and yeah the early investors do get their benefits and to be honest, they should get their benefits since it's because of them that the price has come to this level.
So it depends on how we are using bitcoin.

[dimonstration]

Most people use it for investment purposes but the real need of bitcoin is not in the investment sector amd people may realize it later at some point but until that volatility nature is going to keep the bitcoin alive and also will make more people to get interested on it by bearish and bullish cycle on the cryptocurrency market.

It will be better if it can serve it's purpose as a way of doing transactions conveniently. Though many prefers to use it as an investment now as many were already able to earn huge from trading or even holding it. But soon once supplies reach l, it's purpose of becoming a medium of transactions will be popular since many by that time knew and many sectors or companies already knew it.

[Yatsan]

The sense of call for the need to have Bitcoin relies and depends upon the type of individual you really are because if for you, you do not literally see Bitcoin as a need in your life, then so be it. But there are certain type of individuals that patronize and believe that gaining Bitcoin is a must have due to the perspective they have in life and they foresee Bitcoin as a way of achieving such goals in their lives. Bitcoin if you will be literal on defining it is really not a need but a want. It is because you can live without Bitcoin which is making it not a need. But since you know what Bitcoin can give you, you are WANTING the thought that you must obtain Bitcoin because of your own free will. But on the other hand, people do still consider Bitcoin to be a NEED because that is how they perceive Bitcoin on their lives. So Bitcoin being a need relies on the individuality of us people and not in general.

[Rexler]

Do we really need bitcoin?

Of course we need bitcoin, who doesn't? Although the importance depends on the user, in some parts of the  world where there's no restrictions on the use of bitcoin it is been used for payment purposes, why some use it as a form of investment, imagine buying it at $3000+ when it dipped earlier this year and selling it at the current price right now which is $13,000+ and its still showing no sign of slowing down, it is undoubtedly one of the best investment one can make nowadays, just buy more bitcoin  .

[Assface16678]

Do we really need bitcoin?

Of course we need bitcoin, who doesn't? Although the importance depends on the user, in some parts of the  world where there's no restrictions on the use of bitcoin it is been used for payment purposes, why some use it as a form of investment, imagine buying it at $300+ when it dipped earlier this year and selling it at the current price right now which is $13,000+ and its still showing no sign of slowing down, it is undoubtedly one of the best investment one can make nowadays, just buy more bitcoin  .

OP asked if we need Bitcoin maybe referring to it as a mode of payment since there are many other cryptocurrencies existing in the world market. Investing into it is really profitable but given the market volatility which is in its nature, there's huge risk of losing since things are uncertain in this market. Anytime, its market price could go down along with your investments resulting to temporary loss. Earning profit from this technology is not as easy as it sounds because deep market analysis is needed for such thing to be earned.

[finaleshot2016]

We really need bitcoin right now because it's already playing a huge part in different countries' economies.
If you invested in it then you'll know it's profitable and has huge opportunities to grow money.

Bitcoin is a game-changer and might be a stepping stone for implementing a cashless society.

[MCobian]

Don't because our country doesn't accept Bitcoin as payment, it doesn't mean we don't need Bitcoin. Try to remember again,
what we have got from Bitcoin. For me Bitcoin is very necessary in this life, because there are so many benefits of Bitcoin that
we can feel. Among other things Bitcoin provides freedom, transparency, privacy and profit. I believe many people will benefit
from Bitcoin. So I don't agree that Bitcoin is said to be unnecessary. Please don't lie to yourself, admit Bitcoin is needed.

[24Kt]

Do we really need bitcoin?

Of course we need bitcoin, who doesn't? Although the importance depends on the user, in some parts of the  world where there's no restrictions on the use of bitcoin it is been used for payment purposes, why some use it as a form of investment, imagine buying it at $300+ when it dipped earlier this year and selling it at the current price right now which is $13,000+ and its still showing no sign of slowing down, it is undoubtedly one of the best investment one can make nowadays, just buy more bitcoin  .

Maybe you mean $3000+ not $300+ here, but this year we only dipped at about $5k+ not $3k. Anyway, bitcoin has different usage to every crypto user. Either he can use it directly to pay for his expenses or just hodl to wait for the time to sell it in a much higher profit. But as more merchants are accepting crypto as payment method, many crypto users will see this as progress as they can pay directly to the merchant and not that he will convert first his crypto to fiat.

[tanjiran]

Most people use it for investment purposes but the real need of bitcoin is not in the investment sector amd people may realize it later at some point but until that volatility nature is going to keep the bitcoin alive and also will make more people to get interested on it by bearish and bullish cycle on the cryptocurrency market.

Bitcoin is functional, depending on the person using it. Everyone also has different tendencies, some people consider bitcoin to be effective as a currency or alternative payment because it is not limited by space and time and is decentralized, on the other hand, there are those who consider it ineffective because of its high volatility.
See? we don't have to argue about this. just find which function is the most effective and we can maximize the benefits according to individual needs.

[Boov]

Most people use it for investment purposes but the real need of bitcoin is not in the investment sector amd people may realize it later at some point but until that volatility nature is going to keep the bitcoin alive and also will make more people to get interested on it by bearish and bullish cycle on the cryptocurrency market.

We have our individual reason why we are here in this community of cryptocurrency. We have our own intentions and interpretation when it comes to bitcoin. Some treat bitcoin as a source of income, generating money and investment. For me i belong to this kind of people where i do treasure bitcoin. I couldn't think that bitcoin was nothing, or not needed but knowing that this is for investment only will completely defined what bitcoin was.

[Alucard1]

Bitcoin is a form of gambling that if you are new you can have high chances to lose money and that benefits others as it comes to them as profits right?

I don't get it why most of the people compared cryptocurrency to gambling, is it because cryptocurrency means good for investment and investment is much related to gambling because both things are risky and it is hard for us to earn easy money for both things.

Bitcoin is not only for investment or gambling, there are many things we can have using bitcoin, there are many things that bitcoin can help us in our daily lives, it is not all meant to be risky.

[JuSayCo]

When you are going to ask millennials like me, my answer is definitely yes. In this modern world where digitalization is highly pushed all over the world, I believe that bitcoin is highly needed as part of the economy growth and to better improve the Country as a whole. Bitcoins great features can really help every individuals to have a financial freedom aside from the advanced digital payment method that it gives to us. And I believe that people in the Blockchain industry really need it.

[reliable]

Do you not read the news, Bitcoin slowly being adopted as payment in fact recently paypal has added it to their platform. For now, it can only be used as investment but in time, we'll see it used it restaurant's, also some of the restaurant in Canada already been using Bitcoin. So this year expect more businesses and Institutional investors coming in.

Sooner in coming months we will hear more adoption news of bitcoin by various fields as after pandemic its going to be more of crypto in use as a payment service. With one giant starting to accept we will have smaller players as well who will start to accept and slowly it will improve over period and this will be the best thing to happen.

[witcher_sense]

Most of the members here will say yes but bitcoin is not needed unless you want to earn or lose your money. Bitcoin is a form of gamblmg that if you are new you can have high chances to lose money and that benefits others as it comes to them as profits right?

No, no, you have got it all wrong.

Bitcoin is not the way to earn or lose your money. It is money and exists despite all other money and the opinions of other people.

Whether or not you need bitcoin, it still doesn't care and continues to be what it is coded to be.

Gambling is one of the use cases of bitcoin, not the process of earning it.

When you invest in Bitcoin, you have a high chance to protect your money from inflation.

And finally, when you lose your keys and, at the same time, access to your money, you are contributing to the bitcoin economy by making bitcoin more scarce, valuable, and desirable for others.

[jademaxsuy]

Most of the members here will say yes but bitcoin is not needed unless you want to earn or lose your money. Bitcoin is a form of gamblmg that if you are new you can have high chances to lose money and that benefits others as it comes to them as profits right?

No, no, you have got it all wrong.

Bitcoin is not the way to earn or lose your money. It is money and exists despite all other money and the opinions of other people.

Whether or not you need bitcoin, it still doesn't care and continues to be what it is coded to be.

Gambling is one of the use cases of bitcoin, not the process of earning it.

When you invest in Bitcoin, you have a high chance to protect your money from inflation.

And finally, when you lose your keys and, at the same time, access to your money, you are contributing to the bitcoin economy by making bitcoin more scarce, valuable, and desirable for others.

Yeah I agree with you the bitcoin supply is limited this is why it is good to buy bitcoin even if its current market is high because we do not know when will be the ATH or it will only continue to rise due to the fact that more and more people know about bitcoin and bitcoin has limited supply. Scarcity of bitcoin is possible so now with bitcoin it is best to hold it and sell some of it instead of all bitcoin holdings because we do not know what would be the exact bitcoin ATH.