Topic: Bitcoin is not intended to be a stock. Blockchain has nothing to do with price (Read 13513 times)
September 24, 2019, 05:21:48 PM
I love Bitcoin especially for being different from ,for example, dollar. Governments can't control it. The control on your BTC is on your hands. It is the most alluring thing on Bitcoin and this market.
September 21, 2019, 02:28:46 AM
The more people own Bitcoin around the world, the less it can be manipulated. Now only a small percentage of the World's population owns Bitcoin, so once mass adoption kicks in, the merchant phase will also become much bigger. Everything we use or store has some kind of value. It's the way our financial systems work. Even in less complicated fiscal setups, you can barter a few goats for a cow, for example. We can't get rid of the fact that smart money will follow anything that has the potential to grow exponentially, especially if it has a limited supply, but demand can be ever-expanding. Yes, I don't like price manipulation at all, but hey, they are even manipulating the price of basic commodities like food, and that to me really sucks big time, even more than looking at Bitcoin as a store of value. I don't mind Bitcoin being a store of value at all, to be honest, as it works as a hedge against the basket of useless fiat debt-ridden currencies.
September 21, 2019, 01:27:37 AM
So if you look at the price of Bitcoin means that we treat it like a stock? Why don't we treat it like a currency? Forex traders always keep up with the price of their favorite pairs like EURUSD, GBPUSD, etc. so why wouldn't we keep up with the BTC price against major world currencies, especially if after all we want Bitcoin to become the world currency?
September 21, 2019, 01:22:00 AM
It is because of the way that these manipulators have manipulated the market that makes it look like bitcoin is only used as an asset alone. That 2017 increase to me did more damage to the market, because the way bitcoin surge so high was kind of too outrageous that it attracted many people who only came to the market to make money through cryptocurrency alone and not to use it as p2p that it was created for.
True. That pump did attract a lot of no-coiners and newbies who never heard of crypto to buy some bitcoin. But that was what the Tether manipulation was intended to do - pump the market to Bitfinex could cash out its store of coins. Many people got the hint that prices are going even higher from friends, neighbors and so they bought the news - the wrong move during a huge pump.Quote
I want to see how those manipulators will survive in future when the volatility is no longer there and the price movement will be so little like the way it happens in the Forex market, then people would have embrace the currency purpose of it and be using it to make payment on so many merchant stores then either online of offline.
It wont become like Forex. There is a basic different between forex and crypto. In the former people buy and sell almost every minute and dont think about holding unless there is a news of a gradual rise or sudden rise. In crypto it is more about cautiously holding and waiting to sell and proper time and then buying back. So the manipulators will always exist. You cannot prevent them without bringing in regulation. 
September 15, 2019, 07:19:44 AM
I think it is not supposed to be an investment...or a currency but it is serving those.purposes at the same time it is actually a movement .
It is not supposed to be an investment, but it is right now, individuals are concern about when Lambo? when Moon? so obviously there a shift from a supposedly peer-to-peer paradigm to a playground of whales and manipulators.
Anyway, we can't really blame how the game and rules has evolved to being similar to stocks today. And I don't think that Satoshi has seen that his creation, that supposedly to give freedom from financial institutions are trying to be 'institutionalized", just sayin'.
September 14, 2019, 10:12:38 AM
Bitcoin is a digital currency that can be use as payment method and as a medium of exchange,it means it can be use in trading like a real money or dollar. The only difference bitcoin is digital while dollar are a form of money issued by the government together it's value. Bitcoins value is depends on the demand and supply and also the manipulation of some big company or individual behind cryptocurrency. So,it's up to you if you treat bitcoin as a stock.
September 14, 2019, 09:51:54 AM
what can you do if thats what they want ? there is a saying that if you cant beat them join them. many are like u that hates the fact that people only treat cryptos as assets and they always complain but end up that they become investors too. now they dont complain because they are happy with the results. .
blockchain has nothing to do with a price , yes your correct with that because blockchain is only a technology and cryptos are currencies . both are different .
blockchain has nothing to do with a price , yes your correct with that because blockchain is only a technology and cryptos are currencies . both are different .
September 14, 2019, 09:30:07 AM
Guys, Bitcoin is fundamentally flawed, we all know this yet we keep focusing on the price. Bitcoin was intended to be a p2p, cutting out the middle man, yet we treat it like a stock. If Bitcoin were to be a reporting company by god knows how, it'd have to file for reports, 10k's, quarterly, anually, the whole 9 if you're familiar with the financial realm.
Bitcoin is not a fraud, it's the individuals (smart money/wall st) manipulating it for the greed of money.
Whatever we say people using bitcoin for their greed including ME . More over currency it became the stock . I am holding some of the bitcoin form long time even lots of community members and traders out here . No matter what we can say bitcoin still store of value . Hodl is meant to Stock i think.Bitcoin is not a fraud, it's the individuals (smart money/wall st) manipulating it for the greed of money.
I want to see how those manipulators will survive in future when the volatility is no longer there and the price movement will be so little like the way it happens in the Forex market, then people would have embrace the currency purpose of it and be using it to make payment on so many merchant stores then either online of offline.
September 12, 2019, 01:20:40 PM
Bitcoin serve as digital currency and can be regard to as money which gives chance to every online people to buy and sell without any stress as long as the two party know what they are getting involve in by accepting the btc as form of money and can also be traded or exchange to fiat at any point in time.
September 12, 2019, 09:51:16 AM
I think Bitcoin is actually supposed to be something between a currency and some non governmental body which can help us to establish our own place in this world .
.. Bitcoins actually gives us true freedom .
I think it is not supposed to be an investment...or a currency but it is serving those.purposes at the same time it is actually a movement .
.. Bitcoins actually gives us true freedom .
I think it is not supposed to be an investment...or a currency but it is serving those.purposes at the same time it is actually a movement .
September 12, 2019, 09:44:37 AM
It's not that bitcoin is not intended to be a stock. It just depends on how the person is going to use it. And most of us here knows that blockchain has nothing to do with the price because it is a "technology". Bitcoin is not intended to be a stock is your perspective about it. Some people use it like stocks because it is volatile and can earn money from it.
May 22, 2019, 04:25:51 AM
Guys, Bitcoin is fundamentally flawed, we all know this yet we keep focusing on the price. Bitcoin was intended to be a p2p, cutting out the middle man, yet we treat it like a stock. If Bitcoin were to be a reporting company by god knows how, it'd have to file for reports, 10k's, quarterly, anually, the whole 9 if you're familiar with the financial realm.
Bitcoin is not a fraud, it's the individuals (smart money/wall st) manipulating it for the greed of money.
Whatever we say people using bitcoin for their greed including ME . More over currency it became the stock . I am holding some of the bitcoin form long time even lots of community members and traders out here . No matter what we can say bitcoin still store of value . Hodl is meant to Stock i think. Bitcoin is not a fraud, it's the individuals (smart money/wall st) manipulating it for the greed of money.
May 21, 2019, 09:16:18 AM
there is nothing wrong with people having different views towards bitcoin, even if they only want to make money from its rise and falls and nothing else. that is the whole purpose of bitcoin to be non-restrictive. but the problem is when they try to brand bitcoin with a certain thing they think is true like "store of value only". that is when they start breaking things apart.
In that sense the term store of value is being wrongly used by certain people who tend to think such. Bitcoin or any other speculative asset can never be a good storage of money. Its something that can be used for trading, maybe storing temporarily unless sold or bought again.For that you would prefer to keep the money in a bank even if that seems opposite of what this forum is for. It is the truth. Even stablecoins are just big ponzis running around trying to keep the inflation in their currency under control. They would collapse anytime, but not anytime soon as long as a koolaid drinking crew is there to pump them up.
May 19, 2019, 01:12:02 AM
Guys, Bitcoin is fundamentally flawed, we all know this yet we keep focusing on the price. Bitcoin was intended to be a p2p, cutting out the middle man, yet we treat it like a stock. If Bitcoin were to be a reporting company by god knows how, it'd have to file for reports, 10k's, quarterly, anually, the whole 9 if you're familiar with the financial realm.
Bitcoin is not a fraud, it's the individuals (smart money/wall st) manipulating it for the greed of money.
Bitcoin is not a fraud, it's the individuals (smart money/wall st) manipulating it for the greed of money.
Just because bitcoin is not a stock does not mean there can't be metrics to measure its value. The fact is its transaction volume keeps growing and it's finite or scarce. The argument that bitcoin should have a market cap comparable to gold is thus sound.
May 19, 2019, 01:10:06 AM
Bitcoin is a store of value and should be treated as such. Since Bitcoin has no stakeholder, only developers, it would not be valued based on a "business" but moreso based on basic supply and demand of Bitcoin itself. If you understand the concept of Gold as a store of value and its value over the millennia, then understand that Bitcoin is more or less a digital version of gold.
Bitcoin cannot be considered a reliable repository of value due to its high level of price volatility. A good example of this is investing in Bitcoin at the end of 2017. Investing at this time led to a decrease in the price of bitcoin by 70 percent. A reliable repository of value then disappeared and did not appear until today. May 19, 2019, 12:39:57 AM
there is nothing wrong with people having different views towards bitcoin, even if they only want to make money from its rise and falls and nothing else. that is the whole purpose of bitcoin to be non-restrictive. but the problem is when they try to brand bitcoin with a certain thing they think is true like "store of value only". that is when they start breaking things apart.
May 19, 2019, 12:23:59 AM
If you expect people from all over the world to use bitcoin and have different beliefs,professions and everything, then btc can not be confined to be a p2p solution only, the bearer has the right to treat it however the like, can be stock, can be digital gold the choice is unlimited.
May 19, 2019, 12:06:42 AM
Bitcoin is a store of value and should be treated as such. Since Bitcoin has no stakeholder, only developers, it would not be valued based on a "business" but moreso based on basic supply and demand of Bitcoin itself. If you understand the concept of Gold as a store of value and its value over the millennia, then understand that Bitcoin is more or less a digital version of gold.
That is what they say . bitcoin is a digital gold because gold and bitcoin have some simillarities the only difference is bitcoin dont exist in a real world . by this , bitcoin can be a store of value but it can also be used a a currency for paying and buying . idk what stakeholder means but every people can invest on it , i think thats also simillar .
blockchain has nothing to do with the price because its only a technology but bitcoin can be consider as a stock because we can invest on it .
May 18, 2019, 11:54:40 PM
Bitcoin is a store of value and should be treated as such. Since Bitcoin has no stakeholder, only developers, it would not be valued based on a "business" but moreso based on basic supply and demand of Bitcoin itself. If you understand the concept of Gold as a store of value and its value over the millennia, then understand that Bitcoin is more or less a digital version of gold.
May 18, 2019, 04:24:01 PM
Guys, Bitcoin is fundamentally flawed, we all know this yet we keep focusing on the price. Bitcoin was intended to be a p2p, cutting out the middle man, yet we treat it like a stock. If Bitcoin were to be a reporting company by god knows how, it'd have to file for reports, 10k's, quarterly, anually, the whole 9 if you're familiar with the financial realm.
Bitcoin is not a fraud, it's the individuals (smart money/wall st) manipulating it for the greed of money.
Sad but true,Most of us see it as a stock and only use crypto as an investment.Bitcoin is not a fraud, it's the individuals (smart money/wall st) manipulating it for the greed of money.
They forget what it is made for and doesn't want to use it as a payment method.
And I agree Bitcoin isn't a fraud it is the person who use's it .
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