Do you use Bitcoin as a currency or just as an investment?

[vegasus]

True. There are many countries who make strict regulation. This become the obstacle for Bitcoin to be the global currency in the world. Now, Bitcoin is only massive to use as the digital investment. This is mostly legal in each country in the world. I think this also can happen in Bitcoin as a currency if there will be more countries to use it as legal tender in the future. We just need to wait for the time, I think there should be the time when we are free to use Bitcoin as a global currency in the next few years.

Because if legalized as a currency, the government of each country will find it increasingly difficult to control it, especially to know and control the finances of each of its citizens. and not only that, they will also certainly have difficulty in knowing or analyzing economic movements in their country if many citizens use crypto as a currency, but the point is about their ability to control their citizens it will be difficult and cannot do it, especially for income and expenditure. meaning many only legalize it as a commodity asset or for investment or other activities other than using it as a means of payment in the country. 

So far, I am the same, and maybe most of my country is the same, using crypto only as a commodity asset, either for crypto trading investment, or others. As for currency, no. Maybe there are those who do it secretly, we won't know because usually they keep each other's secrets for security. or using crypto as a means of payment when making transactions globally, that is also certainly secret and maintaining each other's privacy.

[kai]

I have never used Bitcoin as a currency and I have never used Bitcoin as an investment tool because I have never owned Bitcoin. I would have the option as an investment tool for Bitcoin if I had some Bitcoin because I noticed it is very easy to trade with Bitcoin if I only have 1 Bitcoin. This is all I will use Bitcoin for the "Buy Low, Sell High" type.

[Lucius]

~snip~
The main reason is legal. In many countries, including where I live, BTC payments are banned and seen as a threat to the national economy because it can mess with the value of their own currency. Personally, I've never been able to spend my sats on anything because no one dares accept BTC payments.

Another reason is related to the investment mindset. BTC holders always have this feeling that BTC price will keep going up, so spending BTC today might feel like a mistake. I haven't sold any of my BTC to buy a new laptop for the same reason. I think BTC will hit $150K-170K in the next few months, and I could buy multiple laptops then ^^

However, if you look at payment with BTC, it is not illegal anywhere in the European Union (as far as I know), nor in the US or Japan, and yet few people decide to make such a move precisely because of what you mentioned. It is obviously difficult to accept that today you spend BTC, and in a few months the price will be 50% higher - but from the famous most expensive pizzas in history until today, people have paid for something with BTC, and I also remember that I bought a lot of things while the price was under $20k, but I don't regret it too much because I bought the things I needed.

I also hope that a big bull run will happen, a lot of people expect it and it would not be pleasant if they were disappointed.


@kai, I guess you know that you don't have to buy 1 BTC, you can theoretically buy any amount depending on where and from whom you buy. If for some reason you can't buy right now, I'll send you a small amount just enough so you can say you own BTC

Of course you need a wallet, I recommend Electrum or BlueWallet - both have desktop and mobile versions.

+ karmas have been sent

[kai]

.....
@kai, I guess you know that you don't have to buy 1 BTC, you can theoretically buy any amount depending on where and from whom you buy.

Yes, as far as I know we can buy Bitcoins in decimal fractions like 0.00001 or 0.0001 Satoshi etc.

If for some reason you can't buy right now, I'll send you a small amount just enough so you can say you own BTC
Of course you need a wallet, I recommend Electrum or BlueWallet - both have desktop and mobile versions.

Thank you for your offer to send me Bitcoin but I will decline it because I would rather use my own money from the real world or get a gift from the digital world and then buy Bitcoin. Although your intention is good and I appreciate it but I will decline the gift of Bitcoin from you. I am more comfortable using my own money to buy Bitcoin. Thank You.

+ karmas have been sent

Thank you for +1 for me , i appreciate it.

[Lucius]

@kai, no problem, I hope you will get a place in a sig campaign and that way "earn" your first coins - it's definitely a better feeling than someone giving them to you, although my offer remains open

I'm sure many have a smile on their face today, because the bulls seem to be back and this time they seem to be serious.

[Rubel007]

I have never used Bitcoin as a currency and I have never used Bitcoin as an investment tool because I have never owned Bitcoin. I would have the option as an investment tool for Bitcoin if I had some Bitcoin because I noticed it is very easy to trade with Bitcoin if I only have 1 Bitcoin. This is all I will use Bitcoin for the "Buy Low, Sell High" type.

At the moment I have no chance to use Bitcoin as a currency but I can use Bitcoin as an investment. Holding Bitcoin for the long term will increase your chances of making good money. There are many who can't afford to buy a single bitcoin at once, but if they try to gradually grow their portfolio by holding bitcoins with following DCA, they will definitely be more profitable in the long run. After 2021 Bitcoin has been bearish for a long time but current Bitcoin has reached bullish movement. We expect Bitcoin to cross the previous all-tile high within this month.

[milewilda]

I have never used Bitcoin as a currency and I have never used Bitcoin as an investment tool because I have never owned Bitcoin. I would have the option as an investment tool for Bitcoin if I had some Bitcoin because I noticed it is very easy to trade with Bitcoin if I only have 1 Bitcoin. This is all I will use Bitcoin for the "Buy Low, Sell High" type.

At the moment I have no chance to use Bitcoin as a currency but I can use Bitcoin as an investment. Holding Bitcoin for the long term will increase your chances of making good money. There are many who can't afford to buy a single bitcoin at once, but if they try to gradually grow their portfolio by holding bitcoins with following DCA, they will definitely be more profitable in the long run. After 2021 Bitcoin has been bearish for a long time but current Bitcoin has reached bullish movement. We expect Bitcoin to cross the previous all-tile high within this month.

If you are living in a country on which they do have that legalized Bitcoin or accepts out payments into those merchants available then you could really be possibly be able to do such stuff
but for me despite of such condition then it will really be something that thing i do consider. Why? We do know that it would really be just that a waste that you will really be that making use of your Bitcoin into something that you could do with fiat in terms of purchasing something. If you do really want to experience at least on making use of Bitcoin as a payment then you could do it once but making it many times then i dont think that someone will be doing it, but instead they would be going for long term holds because we do know on what are the opportunities
that it does have on simply holding it.

[vegasus]

Bitcoin is both, as an investment and also as a currency. It's just that I live in a country where Bitcoin is only legal as an investment or commodity, while it is prohibited if used as a currency, it violates the rules and can be subject to sanctions. That's why so far I only treat Bitcoin as an investment and this has helped me a lot in many ways and fulfilling my needs. But I always pray that one day Bitcoin can really be legal as a currency anywhere globally so that the function and value of Bitcoin will increase again and can be accepted anywhere, this is the main target of Bitcoin. Unfortunately, the government will certainly not let this happen easily.

If not for few country countries such as el salvador which mostly gives way to bitcoin, I don't think other country has done that so far. Bitcoin always on the investment aspect mostly than that of using as a legal tender where people start using as cash for payment except online payments, and even in our country as well we aren't that bitcoin friendly for payment or even in relation with banks. But people are going into investment on heavy aspect and trade on exchange via p2p and doesn't give much priority using within the country.

Still, it seems that even though it is not yet legal tender, in some countries, transactions using Bitcoin are already being carried out, and there are merchants who do accept Bitcoin as one of the payments and it is not a problem. and that is what I can hope will happen in my country too, although it may be quite difficult to happen. and of course that is also expected in most countries in the world, because now more and more people are familiar with cryptocurrency around the world.

[Axcel777]

Bitcoin is both, as an investment and also as a currency. It's just that I live in a country where Bitcoin is only legal as an investment or commodity, while it is prohibited if used as a currency, it violates the rules and can be subject to sanctions. That's why so far I only treat Bitcoin as an investment and this has helped me a lot in many ways and fulfilling my needs. But I always pray that one day Bitcoin can really be legal as a currency anywhere globally so that the function and value of Bitcoin will increase again and can be accepted anywhere, this is the main target of Bitcoin. Unfortunately, the government will certainly not let this happen easily.

If not for few country countries such as el salvador which mostly gives way to bitcoin, I don't think other country has done that so far. Bitcoin always on the investment aspect mostly than that of using as a legal tender where people start using as cash for payment except online payments, and even in our country as well we aren't that bitcoin friendly for payment or even in relation with banks. But people are going into investment on heavy aspect and trade on exchange via p2p and doesn't give much priority using within the country.

Still, it seems that even though it is not yet legal tender, in some countries, transactions using Bitcoin are already being carried out, and there are merchants who do accept Bitcoin as one of the payments and it is not a problem. and that is what I can hope will happen in my country too, although it may be quite difficult to happen. and of course that is also expected in most countries in the world, because now more and more people are familiar with cryptocurrency around the world.

Bitcoin have already been used in many countries although not yet recognized as legal currency but they are being used by many merchants. This proves that more people are accepting the cryptocurrencies, since they are becoming more familiar with them and are used in different parts of the world at the present time.

Perhaps, this adoption can also occur in our country and becomes the right move in the international payment system. Thus, the constantly growing awareness of the general public contributed to understanding digital currencies creates excellent conditions for further acceptance of Bitcoin in the future.

[kai]

@kai, no problem, I hope you will get a place in a sig campaign and that way "earn" your first coins - it's definitely a better feeling than someone giving them to you, although my offer remains open

I'm sure many have a smile on their face today, because the bulls seem to be back and this time they seem to be serious.

My pleasure, my pride to be able to meet you.

I have never used Bitcoin as a currency and I have never used Bitcoin as an investment tool because I have never owned Bitcoin. I would have the option as an investment tool for Bitcoin if I had some Bitcoin because I noticed it is very easy to trade with Bitcoin if I only have 1 Bitcoin. This is all I will use Bitcoin for the "Buy Low, Sell High" type.

....
There are many who can't afford to buy a single bitcoin at once, but if they try to gradually grow their portfolio by holding bitcoins with following DCA, they will definitely be more profitable in the long run.
.....

As I recall, many people also suggest using the DCA method so that Bitcoin can be collected easily and a lot if using DCA. Unfortunately, if I pay attention to this DCA method, it means that we must have fresh funds ready to buy Bitcoin per month, for example, I buy Bitcoin per month worth 100 dollars, and if multiplied in 1 year, it means I have to spend fresh money worth 1,200 dollars.
And my question is, 100 dollars per month is a large value and I don't know how I get 100 dollars in one month?

[Baofeng]

Bitcoin is both, as an investment and also as a currency. It's just that I live in a country where Bitcoin is only legal as an investment or commodity, while it is prohibited if used as a currency, it violates the rules and can be subject to sanctions. That's why so far I only treat Bitcoin as an investment and this has helped me a lot in many ways and fulfilling my needs. But I always pray that one day Bitcoin can really be legal as a currency anywhere globally so that the function and value of Bitcoin will increase again and can be accepted anywhere, this is the main target of Bitcoin. Unfortunately, the government will certainly not let this happen easily.

If not for few country countries such as el salvador which mostly gives way to bitcoin, I don't think other country has done that so far. Bitcoin always on the investment aspect mostly than that of using as a legal tender where people start using as cash for payment except online payments, and even in our country as well we aren't that bitcoin friendly for payment or even in relation with banks. But people are going into investment on heavy aspect and trade on exchange via p2p and doesn't give much priority using within the country.

Still, it seems that even though it is not yet legal tender, in some countries, transactions using Bitcoin are already being carried out, and there are merchants who do accept Bitcoin as one of the payments and it is not a problem. and that is what I can hope will happen in my country too, although it may be quite difficult to happen. and of course that is also expected in most countries in the world, because now more and more people are familiar with cryptocurrency around the world.

Right, many countries are still in the gray area, so it means it's neither legal nor illegal and we are very luck if we lived on that country. And we used Bitcoin as a sound money although we have to used a middle man to transact and not that p2p that it was designed.

But still though, that's good to us, I mean yeah, we could have some in our wallet as a investment. However, at the same time, we could still used it as a currency, either convert it to local fiat or used a 3rd party as I have said to process transactions.

[SmartGold01]

Bitcoin is both, as an investment and also as a currency. It's just that I live in a country where Bitcoin is only legal as an investment or commodity, while it is prohibited if used as a currency, it violates the rules and can be subject to sanctions. That's why so far I only treat Bitcoin as an investment and this has helped me a lot in many ways and fulfilling my needs. But I always pray that one day Bitcoin can really be legal as a currency anywhere globally so that the function and value of Bitcoin will increase again and can be accepted anywhere, this is the main target of Bitcoin. Unfortunately, the government will certainly not let this happen easily.

If not for few country countries such as el salvador which mostly gives way to bitcoin, I don't think other country has done that so far. Bitcoin always on the investment aspect mostly than that of using as a legal tender where people start using as cash for payment except online payments, and even in our country as well we aren't that bitcoin friendly for payment or even in relation with banks. But people are going into investment on heavy aspect and trade on exchange via p2p and doesn't give much priority using within the country.

Still, it seems that even though it is not yet legal tender, in some countries, transactions using Bitcoin are already being carried out, and there are merchants who do accept Bitcoin as one of the payments and it is not a problem. and that is what I can hope will happen in my country too, although it may be quite difficult to happen. and of course that is also expected in most countries in the world, because now more and more people are familiar with cryptocurrency around the world.

This is applicable to my country as well, even though it's not made a legal tender the rate at which bitcoin transaction is ongoing beneath  is huge so even though they it's made a legal tender there won't be any changes as the transaction has been on going and people already familiar with it. I know before legalization bitcoin will already have a total dominance across the space and has been soaring so far without the help of the government.

[Faisal2202]

It's no secret that Bitcoin is increasingly moving away from the idea of ​​a cryptocurrency in the direction of an investment asset, especially since companies offering spot ETFs started trading with it. It seems to me that there is a similar attitude among small investors, so I am interested in whether the members of this forum use Bitcoin only as an investment in the sense of "buy cheap, sell high", or there are also those who from time to time pay for some digital services with BTC or buy physical things.

I will say that I use BTC as a currency whenever I have the opportunity to do so, and that over the years I have bought a lot of physical things such as televisions, mobile phones, computers and the like and paid for them with BTC - but I also regularly pay for some digital things with BTC.

I don't have the luxury to use BTC as currency like I can't pay with BTC directly but I do use my BTC to purchase items but first I have to do P2P to get my local currency to pay for items. Indirectly I use BTC as currency but when the time will come I will use BTC as the main currency to pay the price. But now in my country it's still not considered legal so buyers don't accept payment in BTC.

I sometimes think to buy domains and hosting via BTC but never did that because it seems a but expensive at the moment. So will I be considered as one using BTC to pay for items as a currency.

[Fivestar4everMVP]

I will say that I use BTC as a currency whenever I have the opportunity to do so, and that over the years I have bought a lot of physical things such as televisions, mobile phones, computers and the like and paid for them with BTC - but I also regularly pay for some digital things with BTC.

Well, to be honest with you, I mainly use bitcoin as an investment asset, only ones have I used bitcoin to pay for a motorbike I bought and that in the year 2021 or 2022 - I can't vividly remember anymore.

Coming from a country where our local currency seems to always be losing value against the US dollars and other world fiat currencies, people like myself are all looking for a hedge, another currency where we can save our money on so it doesn't end up valueless and completely lost due to inflation, for this reason, I am very quick to spend my fiat currencies or goods and services while I save my bitcoin as an investment, and I love it absolutely, no regrets at all.

[Crypto Library]

The best part of bitcoin is it can be used as a currency and as well as an investment also. And why not I take the benefit from the both?
Yes I used bitcoin for both investment and as a currency. As a currency I got my service payment their is no obstacles here because for the peer to peer system and as well as the most trusted and good privacy maintained.
And on the other hand I am also adopting bitcoin in every week or when I won't be able to do in week I do in month with the DCA strategy for the long -term investment.