Investing in Bitcoin is not like buying some other coins, because the process of buying bitcoins takes time, otherwise people have to wait for a bigger strengthening of the issued capital, some people are involved in crypto investments and especially bitcoins are just looking for profit, they don't care with any gap to the future of bitcoin or bitcoin's initial design focused solely on transferring digital money in a decentralized manner.

That's why people never want to know about the initial concept, they pay attention and focus only on profit

the 4 year cycle of bitcoin where the price range is higher.. and the underlying value is high than the previous cycle is proof that bitcoin is deflationary

then look at fiats inflationary system
where every 4 years people LOSE value where their $10 min wage in america buys them less products compared to 4 years ago

should people ignore fiat inflation, not care about inflation and just carry on treating $10 as fair income even if if buys them less..
.. ummm no. people do care.

so the opposite applies people do care when they see their btc buy them more things every 4 years at a rate that outpaces the fiat rates loosing of value.

people still use fiat even though inflation loses them value and still uses btc even when it gains them value

i personally use bitcoin, and as a side note i can talk about the price.
its not a one or the other, use or save.. save or lose.. bitcoin is open for many people to view bitcoin in many ways and many ways at the same time.

but bitcoin increase in underlying value. (the 4 year cycles LOW being higher than the previous cycles LOW) is a good thing for all..

yes some idiots of greed scream and shout about temporary speculative bubble events about the PRICE ATH
but they are not excited for bitcoin. they are excited to exit bitcoin to return to fiat.
and give those fiat lovers a few years they will regret their decision. as their greed at last ATH. leaves them holding a bag of fiat, which over years buys them less things. whilst holding bitcoin would have to them more goods to buy if they didnt exist early

It controls the market as a chain reaction.
It regulates the other cryptocurrencies

In the beginning, every product that already had a price was seen from its usability and technology. Because when a product that does not have a price and use exists, the price will be there when there is a lot of demand in the market, which means that enthusiasts can increase by knowing the advantages and uses of the product. Because without any special uses and advantages, the price will also be difficult to form because the demand is not increasing. Likewise with Bitcoin which basically already has advantages through technology and usability, which in the end becomes valuable and gets more enthusiasts every year.

That's what people been told mostly intended to use for, probably they don't know what is even the real use case of Bitcoin as most of the people looking Bitcoin as their investment instruments at most which is fine because it's their choice to use Bitcoin whatever they want to. Albeit when the price was really crashed at any moment, people would leave immediately.

I get what you mean but it's not just market forces at work in the traditional sense. This is a sensitive & emergent asset. And I have had the same convo many times about the term "cryptocurrency" which I don't have a problem with per se.

You know I was thinking about this the other day though, what's going on in the international economy around the world, particularly a bank in Beirut.

And it made even more sense to me in that context how maximalists are sort of warning people with serious need against the dangers of anything other than Bitcoin when it comes to storing capital in crypto.

The most important thing is decentralization, the principle of private (or pseudonymous) ownership. It is dangerous & might turn out pretty sad if we sent the message that the most financially threatened people in the world were just as safe putting their fiat into any old form of cryptocurrency besides BTC, & until this is widely & properly understood & appreciated we in the developed world have a duty to shout about it.

For Bitcoiners, I think different thing matters to everyone individually. Let's take for example i invested $10k into Bitcoin, during bear market my asset lose to $4k, do you think I would not be curious about the price?. True! Bitcoin is designed as a way to transfer digital cash in a decentralized manner but everyone can also think of it the way it matters to them. Bitcoiners must note that volatility is one sure thing.

It did show an increase but can you tell us if what exactly that thing you are looking for in bitcoin? Is it the bull run? Well don't worry because we will come on that phase soon. Can't really agree with you when you say his comments are irresponsible because anyone is free here to make their own predictions and it's only up to the reader if they will agree on it or not. It's the investors responsibility what happens with their funds, not other people.

Also, it's more easier now for bitcoin to double or triple its price because its value right now is cheap. Its supply is limited and it's more scarce than those coins who have a big and unlimited supply but if it's possible for their price to move upwards then why not bitcoin?

We are not very aware of the use of Bitcoin. Moreover, most people consider Bitcoin as a means of investing in trading platforms ‍and the issue of price in trading platform is definitely a big issue among traders. However, Bitcoin has many use case. When people start using Bitcoin as a payment method, it will create a stable environment.