Quote from: jekjekman on November 18, 2017, 12:21:11 AM

Quote from: relentless1 on November 17, 2017, 10:57:08 AM

How can we use btc and live of this growing asset? I dont like the idea of using some of that BTC to live. Just like real estate, you buy it, it continues to appreciate in value in general but you also get rental income.

Bitcoin does not do that, all it can do is just go up in value but how can you live of it? Would it be to buy rental properly with it, let THAT go up in value and then take rental income while your other stash of BTC grows?

What is a likely idea here to earn passive income of BTC without reducing the BTC holdings?

The main purpose of Bitcoin is to spend it online like a real currency that is why it is called digital money but we can't take away the fact that it is more worth to hold it rather than to spend it like a normal currency because the price of it continues to grow overtime so some people now really see it as an asset more than a money.

I think it is okay to spend Bitcoin as a money online if you have the capacity to also earn a Bitcoin online because with this the number of your holdings will not be so affected compare to buying Bitcoin with your earned Fiat moneys every now and then.

Actually, I think Bitcoin has multiple purposes, as it is an asset/investment/currency. They all impact each other as well. For example, for those who want to use it as currency, the people who see bitcoin as an investment put their money into it and raise the price for everyone, allowing people to have more value in their bitcoin. On the flip side, for those who do use it as a currency, the more suppliers that allow for bitcoin to be used as a purchasing option, the more that the bitcoin price goes up, allowing for the investors to make a profit.