Using it for investment isn't a bad idea, but it is definitely a risky idea. If you use it for investment, it should be as a small part of a larger diversified portfolio, you should be able to afford to lose it, and it should be a long-term plan. I use it as a investment with these rules, but I also buy goods with it through newegg and other places.
[–] NeverToday 0 points 2 points 2 points (+2|-0) ago
This is how I have it set up at the moment:
This set up works for me.
[–] Jorj_X_McKie 0 points 1 point 1 point (+1|-0) ago
I used to do that... now I just have my Mycelium and Airbitz wallets for spending money, my Trezor & cold wallets for HODL coins, and instead of Coinbase, I have Circle with $500 avail instantly anytime I want, so I don't really have to hold middling amounts.
[–] neofatalist 0 points 1 point 1 point (+1|-0) ago
I use it as a long term hedge. What you use it for is really up to you.
I tried using bitcoin as cash for a week 2 years ago and it was a little inconvenient outside of online purchase. I used gyft to spend it in retail stores but pulling out a credit card was faster plus I get "rewards". If you were a business and you can supply your business and pay your employees with bitcoin then it can be convenient but thats not me.
[–] a345345 0 points 1 point 1 point (+1|-0) ago
Both. I have ~1BTC always on my phone for everyday spending. If I see a bitcoin payment option on a web site, I always use it. Unfortunately, many web sites that previously included btc payment option, removed it recently :( I guess too much trouble for too few actual customers. Rest of it is in several well hidden "savings" wallets. And one small unencrypted wallet is on my PC - I check it regularly, and if I see it emptied, I would know I have a virus in my computer!