Re: Do you use bitcoin as currency or investment?

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.

Yes your right, I'm allocating funds to Bitcoin and to fiat, so trying to keep up to date in both areas. For index funds, its much easier since I just have a few indexes that I'm investing into and am getting between 8% and 20% return per year on them at current rates. For BTC there is a lot more research involved as I'm looking at many types of alt coins. I can't trade so much on the stock market since the brokerage fees are so high - so I and a monthly fixed buy order on each the indexes that I'm tracking which has a significantly lower brokerage fee. With bitcoin, the fees are only 0.2%, for stock market they are charging £15 per trade meaning you'd have to trade with vast amounts of capital to get the same commission rates - and I'm nowhere near that kind of level =)