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Quote from: champions on February 26, 2025, 11:10:28 AM

March 07, 2025, 09:22:57 AM

#101

Quote from: Cryptohygenic on February 22, 2025, 09:24:31 PM

Quote from: RTV1535 on February 22, 2025, 05:53:08 PM

BTC People see Bitcoin as an asset, like gold or stocks. This is very disappointing because in order for Bitcoin to become a global currency and for banks and governments to be excluded from its control, it should be used as money for transactions and buying and selling, not just as something to buy, hold, and sell when its price goes up. The current view of Bitcoin is far from Satoshi Nakamoto's original goal.

Satoshi did not only foster the potential value for bitcoin on payment for an asset view. Let me tell you Op, the attractiveness of bitcoin that has brought it this massive adoption so far is the potential values that users can either trade or invest on it for profits. Exempt this bitcoin would be as common as the traditional currencies. No one will ever care of it is decentralized or digitalized but that profitable value is it main point of attraction but meanwhile using it for payments as subjected has not been ignored rather there are less payment adoptors than income adoptors.

I agree with you. The real attraction of Bitcoin is its value growth and investment potential. It is not only created as a medium of exchange, but people buy or trade it mainly for profit. If Bitcoin didn't go up in price, it would be like a normal currency and no one would care. Although it is possible to use it for transactions, very few people actually accept it as payment, as most people see it only as an investment opportunity.

You are right the reason people invest in Bitcoin is so they can make profit from it later in the future if not for the profit no one will be investing in it because people invest only on something they know they can get profit from but Bitcoin is not only used for investment purposes just like you said Bitcoin is also used for transactions some countries has declared Bitcoin as a Legal tender and when you go to the mall or supermarket you can pay with Bitcoin after buying things, the reason why other countries have not adopted this is because they feel Bitcoin is working against there economy some countries has fought Bitcoin but is impossible to remove Bitcoin because Bitcoin has no CEO and is a decentralized coin since the government can't control the finance of people like they do in Banks they are not happy Bitcoin gives you the opportunity to control your own money and your money is more save in Bitcoin than in bank no matter the the situation your money is always save in Bitcoin and this is one reason some set of people invest in Bitcoin so is not entirely for profit making there are many reasons people invest in Bitcoin but mostly is for profit making.

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Quote from: champions on March 07, 2025, 09:08:22 AM

March 07, 2025, 09:34:27 AM

#102

From my point of view Bitcoin is a reliable asset I think. Inflation is increasing over time, long-term investment in Bitcoin is necessary to protect against inflation. In order to invest in Bitcoin for the long term we must plan the investment and keep track of the strategy and market movements. We have already seen that the United States is working to reserve Bitcoin with Donald Trump announcement this. So, if we keep our eyes and ears open and be patient for long-term investment in Bitcoin without listening to rumours, success will definitely come.

Trump's words don't really matter for BTC in the long run.

And that's a good thing, in fact.

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Quote from: SuperBitMan on March 07, 2025, 09:22:57 AM

March 07, 2025, 09:40:27 AM

#103

Bitcoin was not created to be an investment, Satoshi never mentioned that when he created Bitcoin. We are the ones who turned and used bitcoin as a profitable investment instead of using it for its original purpose but I agree that: if bitcoin was only used as a currency and did not increase in price, perhaps not many people would need it and it would not be as popular as it is now.

So far, El Salvador is the only country that considers bitcoin a legal currency.

Quote

the reason why other countries have not adopted this is because they feel Bitcoin is working against there economy some countries has fought Bitcoin but is impossible to remove Bitcoin because Bitcoin has no CEO and is a decentralized coin since the government can't control the finance of people like they do in Banks they are not happy Bitcoin gives you the opportunity to control your own money and your money is more save in Bitcoin than in bank no matter the the situation your money is always save in Bitcoin and this is one reason some set of people invest in Bitcoin so is not entirely for profit making there are many reasons people invest in Bitcoin but mostly is for profit making.

Simply put, government is a centralized system and that gives them power while bitcoin is a decentralized system. The government's power would be somewhat threatened if people switched to bitcoin, so it's understandable why they are not friendly to bitcoin or don't want to legalize it.

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March 07, 2025, 12:56:40 PM

#104

I don't know what will happen in the future but I do think that bitcoin will survive in the future like it survived for 15-16 years. There could be an event in the future that will increase the price of bitcoin like more than 100k since we already seen it that it reaches 100k. Many people did buy bitcoin for earning profit when we did know that there's a reason why bitcoin is created and it's purpose why it is created although other people or a company did make use of bitcoin like casinos.

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Quote from: nakamura12 on March 07, 2025, 12:56:40 PM

March 07, 2025, 11:55:20 PM

#105

We cant predict the future beyond where we can see it, 15ys now and bitcoin have already shown what it can do and how far it have become, I dont know the level which you dont think it can survive or not, but Im still certain that Bitcoin will still survive for more than 2 decades to come, for price its already a known fact that $100k is going to be consider a level where Bitcoin was bought cheap in the market.

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Quote from: champions on March 07, 2025, 09:08:22 AM

March 08, 2025, 06:50:59 PM

#106

Quote from: RTV1535 on February 22, 2025, 05:53:08 PM

I think very soon, we may start experiencing Bitcoin scarcity because the market is becoming saturated and many millionaires and firms are acquiring Bitcoin for a long term basis. Those that are tracing Bitcoin are doing so why other are holding for the market to reach the price where they intend to take profits. Investing in Bitcoin is very profitable and those that understand the market and know where to take profits and buy would be the ones making money from the market. It is not all about holding till infinity but knowing where to buy and sale for the profits. The price of Bitcoin has been gradually adding value and early holders tend to make more money.

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Quote from: nakamura12 on March 07, 2025, 12:56:40 PM

March 08, 2025, 08:10:43 PM

#107

The future is unknown, but when it comes to Bitcoin, there is a lot of consideration from people that the price will go up. It is now a matter of interest for so many people, and this is what has given Bitcoin a very good privilege over other coins and even from the beginning we have already see something like this coming. It is now as if satoshi have seen the future because a lot of things have transpired.

That is why some countries are even trying to invest in Bitcoin, and this alone has opened another dimension for Bitcoin. So there are more installations for Bitcoin but we are not seeing the potential until we see what is going to happen next. For sure, there is more potential that Bitcoin will go above 100k, and that is why people are supposed to hold, and this is one of the reasons people are encourage to hold on to the coin they are already holding instead of them been scared of always wanting to sell when there is a little trouble in the market so it is suppose to be a clear understanding.

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Quote from: Ever-young on March 07, 2025, 11:55:20 PM

March 08, 2025, 08:26:24 PM

#108

Quote from: nakamura12 on March 07, 2025, 12:56:40 PM

Yeah, that's true!!!
Bitcoin has already made his way to towards the hearts of people due to his outstanding notation. It is obvious that Bitcoin will survive because we monitor it well that day by day, people are really adopting Bitcoin and really love to make it a part of their portfolio. So this point is really makes it feel obvious that Bitcoin has the capacity to survive in the future with enormous years. Yes, it is possible that something better than Bitcoin will pop up and a better concept will be launched than Bitcoin. But IMHO that is almost exclusively impossible....

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Quote from: RTV1535 on February 22, 2025, 05:53:08 PM

March 08, 2025, 09:30:20 PM

#109

I doubt that wasn't the only goal Satoshi Nakamoto meant for Bitcoin when he created it 16years ago. Because if using it as a medium of exchange only (i.e buying and selling) was the only reason Satoshi created Bitcoin, he wouldn't have made it volatile, but rather static as stable coin or pegged to the U.S dollar, which could be used for buying and selling in a medium whereby they own full control over their funds. But it's sad he didn't. Proving that he knew what the outcome will be as the most valued asset on the face of the planet earth. Hence, I see absolutely nothing wrong with the future of Bitcoin, as it is bright and profitable.

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Quote from: Marvell1 on March 07, 2025, 09:40:27 AM

March 11, 2025, 12:56:48 AM

#110

Blame the mainstream media for spreading the "store of value" propaganda to the people. Now everyone believes Bitcoin is some sort of Gold alternative or "get rich quick" scheme. Besides, there's the issue of market price volatility. How can anyone use BTC as a currency this way? Unless you don't care about Bitcoin's value in Fiat terms. Then there's the issue of limited transaction capacity, which results in high network fees and slow confirmation times.

Because of this, I'm afraid BTC will remain a store of value forever. Still, it's a free (as in freedom) currency. You can use it any way you wish. Hopefully, Bitcoin replaces Fiat in the future. I mean, that's the dream. Right? Cheesy

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Quote from: Abiky on March 11, 2025, 12:56:48 AM

March 11, 2025, 01:27:56 AM

#111

I agree media has helped create wrong idea about Bitcoin. Many people think it is just way to store value or make money quickly. But that is not its main purpose. Bitcoin price can change a lot which makes it hard to use as stable currency. It is also hard to use because there are limits on how many transactions can happen at once which makes fees high and transactions slow. But Bitcoin is still valuable because it is not controlled by any government. It is way to make transactions without needing middleman. Even though it is not ready to replace regular money yet, the idea of financial system that is not controlled by government is exciting and Bitcoin is step towards that.

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Quote from: Abiky on March 11, 2025, 12:56:48 AM

March 11, 2025, 08:10:02 AM

#112

Quote from: Marvell1 on March 07, 2025, 09:40:27 AM

It would need to adapt and change a bit for that to happen.
Before that, your words would be true.

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Quote from: Rustam Meraj on March 11, 2025, 01:27:56 AM

March 11, 2025, 08:50:08 AM

#113

The media and the government have played a part in spreading this idea but we cannot deny that we initiated it all. We used bitcoin as an investment in the early days when the media didn't even know and talk about bitcoin. Also, even if we knew the original purpose of creating bitcoin, would any of us support and continue that idea or would we also not like to use bitcoin for that purpose? Obviously we also have a need to use bitcoin as an investment to earn extra profits. I don't blame anyone and we have to take responsibility for this.

A financial system that is not controlled by the government would be considered an illegal system by them. I don't think spreading this will be a good thing so I'd rather use Bitcoin for quiet transactions than spread it and get the government's attention.

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Quote from: CryptoBuds on March 11, 2025, 08:50:08 AM

March 11, 2025, 08:54:38 AM

#114

Eventually, govs will comply with many things they deem bad, simply due to the potential for themselves that they deny.

But for now, we may look at BTC that way, and not poke the bear Grin

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Quote from: Rustam Meraj on March 11, 2025, 01:27:56 AM

March 11, 2025, 11:59:21 PM

#115

The core Blockchain network may be impervious from government control, but money supply is not. With how fast institutional investment companies are growing their BTC stack, it won't be long before they're able to manipulate the market in their favor. Such companies will probably even use their holdings to economically influence developers and miners. "Money talks", right?

Luckily for Bitcoin, its code is open to anyone. So if developers get compromised for any reason (or even the core Blockchain network itself), the community can simply make a new fork to strip away big whales and mainstream governments. It's akin to democracy in the real world. The future for Bitcoin will be bright as long as it stays decentralized. Who knows? Maybe scaling issues will be solved in the long run (the LN is not the solution, imo). Just wait and see. Wink

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fikrett

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March 12, 2025, 09:19:03 AM

#116

^ The problems of scalability should be resolved eventually for the chain to thrive and be adapted globally.

Otherwise.. We are going only to hodl our BTC just like the rest of the entities Wink

Raflesia

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Quote from: Marvell1 on March 07, 2025, 09:40:27 AM

March 12, 2025, 08:00:50 PM

#117

Although what you say is true for now but it cannot be denied that for now there is a widening of meaning but it does not affect the original purpose of Satoshi actually so I think even though in the end the goal is still the same for bitcoin but it is not wrong when in this case we still use this as a form of investment because this is still very useful to do especially for now many people even for beginners know that bitcoin can be used as one aspect that can be used as an investment and it cannot be denied that for now the movement of bitcoin is known more widely because it is the impact of prices so that people compete to make this a future investment asset. race to make this an investment asset for their future.

As for making legal tender it is also very good and seeing from this data actually apart from El Savador there is also the Central African Republic which has made bitcoin a legal tender so far.

Baki202

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Quote from: nakamura12 on March 07, 2025, 12:56:40 PM

March 13, 2025, 05:49:15 PM

#118

Bitcoin has been showing a lot of future potential, and that is why it has gotten a lot. Bitcoin will continue to grow, and the future plans for Bitcoin are actually working out because people are really interested. and if Bitcoin can actually hit 100,000, then there are a lot of reasons why it will definitely hit more than 100,000 because no one actually expected some thing like this to happen, it will happen again and no one will see when it will happen because even when bitcoin hits 100,000, the usage of bitcoin is becoming more popular, and just because of the profit, it is drawing a lot of attention and it will continue to grow more attention, because the fact that companies are using it so this is a good sign that bitcoin will grow because people are still trying to gain more trust because of the lack of information they are getting.

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Pi-network314159

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In love serve one another

Quote from: RTV1535 on February 22, 2025, 05:53:08 PM

March 13, 2025, 06:19:59 PM

#119

BTC People see Bitcoin as an asset, like gold or stocks.

bitcoin is a digital gold and also an asset especially for long term use. call it what ever you like even stock, provided that all that you have mentioned is linked to asset for long term profit, then count bitcoin in.

Quote from: RTV1535 on February 22, 2025, 05:53:08 PM

This is very disappointing because in order for Bitcoin to become a global currency and for banks and governments to be excluded from its control, it should be used as money for transactions and buying and selling, not just as something to buy, hold, and sell when its price goes up. The current view of Bitcoin is far from Satoshi Nakamoto's original goal.

bitcoin don't need to be used as money for transaction of buying and selling for bank or government to be excluded from it control. already bitcoin serves as an asset and also as a currency so we can not neglect it value as an asset for transaction. the reason why government and bank are not in support of bitcoin is not even because it is is use as an asset to buy and hodl but simply bitcoin is a decentralized asset that runs on blockchain which can not be controlled or manipulated like fiat. so bitcoin is the worst nigh mare of banks and it is the opposite of there theory.

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SquirrelJulietGarden

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