Quote from: mary0919 on November 18, 2018, 01:04:21 PM

Quote from: MasterCoinBit on November 16, 2018, 09:33:41 AM

So Bitcoin is designed so that the value of it will increase over time as opposite to traditional money in which the value of it will go down. But won't that make it more like gold instead of actual money?
By the prices of stuff going up in traditional money, it encourages keeping the goods and trading them, for example if someone owns a house that house's value won't just go down with time, it can go through time. But if goods were to keep getting lower in prices then it can as a result discourage buying them and trading. Which makes Bitcoin unusable as money. To keep your money safe of course you can store in a bank as they give you a small amount of interest.
Bitcoin has a limited supply and as time goes by and its popularity increases the prices can go higher and higher, making it less effective to be used as usual money. Imagine how would a shop keeper feel as their good will only decrease in price. And like traditional money which has banks Bitcoin doesn't offer much solution to this.
So even if bitcoin prices were to stabilize, wouldn't it be more like gold than a currency to use like traditional money? Gold is very similar in those terms to Bitcoin.

Of course we need money here maybe I will choose all of the above since all of them can give good profit. As for today the price of bitcoin is very low compare to the price last quarter of last year when the price boomed to the top. This is the right time to buy for more bitcoins and hold until the price hit back to the top.

You are saying right but I think we will have to arrange the ratio for it, we need all for sure, buy some coin to hold and spare some money at the same time, as we will be able to use it at the time of need we will not have to sell our bitcoin, having bitcoin is the safety of future, never keep your money as it is useless according to me, this is good to have some investment, gold is not an old fashioned investment.