Post
Topic
Board Bitcoin Discussion
Re: Do you use bitcoin as currency or investment?
by
8Habits
on 26/09/2016, 19:16:30 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.

You are talking of both bitcoin and fiat money, right? Because I believe we can't still use bitcoins to invest in index funds and other commodities and the like. I presume that your bucket are assigned to bitcoins and fiat money for an investment. It is good and healthy to do it that way as long as you really know what you are doing in these kinds of investment vehicles.