Post
Topic
Board Bitcoin Discussion
Re: Do you use bitcoin as currency or investment?
by
starmman
on 26/09/2016, 08:32:08 UTC
For me both, i used bitcoin as currency and investment.
As currency, i used it to buy load shopping online.
And as investment ofcourse, i used it to earn more btc in
investment.

currently im use itcoin for payment processor only, for investment i choose other crypto curency like ethereum classic.
bitcoin is very simple to be a payment processor, easy to use tha paypal
you are right and use bitcoin as a better payment option like me . since i am.using bitcoin as investment but it is a work of patience to get profit . but overall i like bitcoin to find it as internet currency

I'm still building up enough bitcoin reserves, so not using it as a payment mechanism yet. When I get enough bitcoin funds behind me then I'll start using it to pay for things too. I'm probably 6 months away from getting to that level though. Can't wait till I get there. You are right, patience is the key with these kinds of investment.

I am doing the same thing here. Instead of using bitcoins for purchasing anything online, I just use fiat money to do those processes. What I do with my bitcoins is to hold some of it while I trade and offer for loans the rest of my bitcoins. I just make it sure that I always finds a way to make my bitcoins grow as time goes by.

Eventually I plan to siphon off a defined percentage of my profits into a spending or 'output bucket', but I want a large 'reserve bucket' before I get there, I'm still increasing my 'trading buckets' and not really filling up the reserve yet. I will also have a 'reallocation bucket' which will be used to invest a percentage of profits in other types of investment such as shares, index funds, commodities etc.