Its an asset, what to expect anything else from the bitcoin ?

It needs to be priced so that one can understand how much worth it is and how to work on the transactions. If you have value you can trade it easily for various stuff.

With the advancement in different transacting modes Bitcoin can be traded for real world stuff so it needs to be priced something to understand its value.

The price! It is perhaps the most coveted and the first for which many come to bitcoin,  many have no fckg idea who Satoshi Nakamoto  is or what his initial idea was but they do care about the price of bitcoin.

I think would say that the issue of the price of bitcoin gives it an objective that supports the entire "also" important environment that surrounds it, so as not to go into specific details, let's mention (1) technology, (2) ventures; everything that was generated with the arrival of bitcoin, mining, businesses, exchanges, casinos, etc. (3) users, they coexist and promote bitcoin and by the way it is worth saying that with equal importance in the three elements mentioned in their specific weight in relation to price of bitcoin.

Network is the thing that bitcoin is selling basically. Because, blockchain is the thing that makes bitcoin different from all other digital "money" that has been created. If it was such an easy thing, ulltima online money would be valid like this and would have big worth, but it doesn't. Because, bitcoin has blockchain and others don't. After that smaller altcoins got created and now there is a huge market after over a decade, but it doesn't mean that it would make sense for them to be as valuable as bitcoin since that was the first one.

We should believe how much bitcoin worths in price equals to how much people like the concept of blockchain backed money. In my opinion as well, price of bitcoin is important as it is an explicit measurement to know about the growth of bitcoin.

I always thought that price wasn't very important for bitcoin, i.e. it wasn't the main thing. Of course it's nice when it's worth 50k and not 100 dollars. But its price has no effect on moving value from one point to another. So whatever the price of bitcoin, people will use it and the blockchain will succeed.

The thing is you can't purchase many things with Bitcoin at the moment because only a few countries in the world have declared it a legal tender. You see... people don't want an asset that does not produce them money, protect their money, nor they can use as a payment method. So as long as Bitcoin is not a mainstream currency accepted directly by merchants and not through a payment processor that quickly converts it into fiat price will be important. What is price anyway? --> The equivalent in other instrument/asset that you can get from other market participants.

I agree with the rest of your post but this part am quoting is the part I don't agree with, there is absolutely no way you should expect someone not to complain if for example, they buy Bitcoin at a price of $20,000 and while still holding the Bitcoins, it's price drops to $1,  I honestly would bet my d!ck that you too @op would complain, it is important that when we make posts like this, we should try as much as possible to be realistic in our approach and assumptions.

If people can complain when ever the price of their local currency drops against the US dollars (please note that local currencies has less volatility) how would you say they shouldn't, or expect them not to complain when the price of Bitcoin (which has a way way higher volatility) drops against the dollar?

The beautiful thing is that, Bitcoin is decentralized, so if anybody is complaining about its price, he or she is complaining to no one, he's not complaining to me or you, he's just complaining, this applies to us individually as well, when any of us complain about the price of Bitcoin, we complain to no one because Satoshi is not here anymore, nobody owns Bitcoin, so all and any complain doesn't change anything.

 

Of course, people will focus on the price of bitcoin because bitcoin is an excellent long-term investment. What person doesn't want to invest in something and have a 10x profit? who would leave a good investment like that? and where is it wrong for someone to use bitcoin this way?


people use bitcoin for investments, to buy things in the real world, to transfer money to friends and relatives. we cannot think that people are just using bitcoin to make hodl, recently we saw that many people made donations to ukraine using bitcoin, we saw El Salvador taking a big step towards bitcoin adoption


people know that the price of bitcoin will not drop to zero, they just complain about losing money

People flocked to invest in bitcoin because of its rapid price increase, bitcoin would not be widely available without the price volatility surrounding it. In the eyes of investors, their primary concern is to make a profit. Since few people invest in Bitcoin technology, the price is considered a big concern in the market. Once again, bitcoin is down over 60% in value compared to ATH, and it is easy to see people leaving the market and dumping their bitcoins.

As a currency, bitcoin must have a value, and that value is reflected in its cost. To be a more effective currency, it must also be more stable, which it isn't.

The price of bitcoin directly influences the profitability of mining as well as the hashrate of the network. This is another factor that influences the security of bitcoin.