Topic: Bitcoin is not intended to be a stock. Blockchain has nothing to do with price - page 2. (Read 13513 times)

Bitcoin really exists on the belief of people in its prospects. Its price, as well as the entire decentralized cryptocurrency, depends only on the ratio of supply and demand for it. Therefore, he has such a large price volatility. In a very short time, it can rise significantly in price or descend just as sharply. Therefore, externally, Bitcoin resembles a financial bubble. For the same reason, it is unlikely to reach too large price values. Here ordinary human weaknesses will always work - fear for their investments, emotionality in decision-making and eternal human greed.

The fraud in bitcoin is the same as fraud in fiat. People use the term in a different way. Before bitcoin was being used, fiat was used to fraud people. The methods remain same but the mode just changes with time. Now people are being fooled by the same method  but a different mode that is bitcoin. Same old scare tactics or phishing tactics to scam people like we always see.

Talking about price manipulation though, we cannot do anything about that since the market is not regulated by anybody. While trading should be done cautiously, still losses are possible and those are market risks - that you agreed to before you started trading.

You are right bitcoin can never be a fraud and the only value it has is with the individuals in the market and this individuals some time manipulate the market and turn it what ever way they like. The big bag holders inject huge amount into the market to influence the market to they own advantage.

We know that it is not intended to be a stock. But it has a huge value because of the huge price. And I don't we can just ignore the price just because it was intended to be a p2p. And yes, speaking of frauds, I think we should be researching to reduce that kinds of problems since it is really hard to deal with fraud.

Just because it's been given importance as a stock that eliminate the intermediary we cannot term it has got flawed. Everything at the beginning will be different and further when continuous growth and usage takes place it gets taken to different dimensions. This is where we've got it to be payment method and on different needs.

But how can you expect us to use bitcoin as the trend being settled here for 10 year Since?From the beginning bitcoin has been for holding and this made people turns to becoming millionaires so people here also believe that in future they will be like them.so just use your bitcoin and I will hold mine

Fundamentally called scam by brain dead idiots brainwashed by government propaganda against crypto. They were not even given the time or the proper knowledge to learn about crypto and its usage. Since we as humans tend to call things those are not reachable by us as "bad" - this idea came up and became popular in the internet. What is true was far from it.

In a few countries crypto was made "the" mode of payment but this wasnt the way for bitcoin. Instead they created altcoins for their own country. I do not support this idea because with a altcoin controlling a countries economy a lot of problems can arise.

Yes it was fundamentally flawed by many people that it was only a scheme of scam ,but now look at itself it was totally improved and getting succesful and most of the country now was recognizing it for payment method/system and also investing.

Some of the experts says that bitcoin is a digital asset and some said that it is digital gold which can hold and make profit on it, but not all of us. Some of the people including me just following the value trend of bitcoin but doesn't forget the idea of bitcoin and the future currency can be it. People/investors/traders are the main cause of why bitcoin inflates.

Time(Duration), Work(TIME), Goods and Services (CAN BE CONVERTED TO TIME)

Time Banking https://www.youtube.com/watch?v=aB8ifVJ34JU
https://www.youtube.com/watch?v=k0Flh6cuuWs

Time Is Money -Benjamin Franklin

It was and it still is. Satoshi's "real" vision was correctly implemented here. I dont see anyway how that is deviated from.

That is a secondary effect. There is a demand and supply for bitcoin and simple p2p system to trade with became risky and not cliche. Hence the development of exchange to facitilate the flow of coins and allowing people to buy them. Will they be used for trading? That was because speculation happens and it became a valued asset with time.

It makes sense to everyone and that what people are doing with it now.

There are many diverse opinions as to what bitcoin truely is. Though some say it should not been seen as currency, others think otherwise. Though most individuals do ponder on what brings about the value of this coin, one common thing seen by everyone, is that this digital coin does have value.

When the use of a thing is not known abuse is inevitable, People that does not know the use of bitcoin usually shout scam and bubble when there is a little down in price. The best we can do is to inform people before they invest in bitcoin.

The degree of decentralization varies

The mapping behind the stock is an entity limited company. The shareholders'meeting, the board of directors and the board of supervisors correspond to the power, decision-making and supervision respectively. In general, there are actual controllers who control the direction of the company's development, so the degree of centralization is relatively high. Bitcoin is different, it has no physical mapping, it is not a company, it does not have shareholders'meeting, board of directors, board of supervisors, it has a variety of large and small mines, in the world of Bitcoin, mines represent power, power represents power, overall, the power distribution of Bitcoin is more decentralized, so the degree of centralization is lower than that of stocks.

Second, different regulatory positions

The establishment of a company shall follow strict legal procedures. The basic process of registered company: 1, inquiring enterprise name 2, providing basic information by customers 3, first examination and approval of industrial and commercial seal 4, capital verification 5, submitting to industrial and commercial bureau for examination and approval, printing business license 6, processing enterprise organization code certificate 7, handling tax registration certificate 8, obtaining all licenses, and other related materials. Everything from establishment to operation to bankruptcy of a company should be carried out in accordance with legal procedures, so that the legitimacy of the company's business can be supervised by government agencies. At the same time, the company's economic operations must be recorded in accordance with strict accounting system.

Even though the central bank has positioned Bitcoin as a virtual commodity, in fact, too many Bitcoin transactions are outside the law. Due to the de-centralization and anonymity of Bitcoin and the characteristics of global transactions, there are no effective laws and regulations to regulate Bitcoin transactions.

Three different valuation methods

As experienced stock investors, we know that stock valuation methods are various, such as P/E ratio, P/E ratio, free cash flow discount method. As far as P/E ratio method is concerned, its principle is dividing stock price by profit. It reflects that when dividend rate is 100% and dividend is not reinvested, after many years, our investment can be recovered all through the day. However, Bitcoin does not have these valuation methods. At present, there is no generally accepted valuation method for Bitcoin. However, some people in the industry usually use the "mining cost method" to valuate Bitcoin. Besides, there are also methods to anchor gold and foreign exchange reserves. We can see that as an investment product, the valuation of Bitcoin is essentially different from that of stocks. Does that mean that there is no difference between the analysis of Bitcoin price and that of stock price? In fact, it is not. Although valuation methods vary greatly, supply and demand determine prices, which is unchanged for commodities under any market economy.

Interesting statement. Care to elaborate? Where/how is Bitcoin "fundamentally flawed"?
Or you wanted to start with something bombastic, even with the risk of starting FUD, only to get some attention?
So please explain how you think Bitcoin is flawed. As you can see from others' post too it's not "all" who "know" that Bitcoin is "fundamentally flawed".


This denotes quite some lack of understanding. In all countries with inflation there are people who will buy less inflationary coins (USD, EUR..) and keep them as asset.
This is normal to also happen with Bitcoin because mathematically Bitcoin is more powerful than even USD and EUR.
Then there's Forex. The same happens today on Bitcoin exchanges too.

So the only abnormal part is the level of speculation, but imho that's caused by the lack of regulations, which allows some exchanges play with fake volumes, fake trade and ultimately affecting the price when they shouldn't.

I don't know, but the dream of Satoshi was to used without the middleman.

However, may find it to function likes stocks, to be traded, in a exchange. Specially when bitcoin started to roll from $.1 to $100. And then exchanges popping early added to its ability to become a trade assets.

So why not take advantage of both? Used them are currency and buy things around without any third party involved and then trade them to make money. Makes sense to me.

If the price is as volatile as it is now. Investors can not help but be bothered about it especially as they put in hard earned money.
And the volatily would of course attract investors looking to take advantage and make profits.
That is the stage the network is at right now. In a couple of years, all this could change.

As a decentralized cryptocurrency, no one can define how others will perceive or use bitcoin. Some people see bitcoin as a liberating technology whereas others see it as an investment, and some see it both ways. If bitcoin's price gets pumped by Wall Street in the future, then so be it. No one can dictate how bitcoin is used, since it is censorship-resistant.

The greed of people has perverted technology beyond recognition. There are manipulators on the market that do not need the development of technology, but only money.

I may agreed that it is used as p2p and use it to remove the 3rd party but aren't we here to invest in bitcoin because we know that we have chance that we can gain profits from it's characteristics? The price is volatile, it may flactuate or it may increased. Thus giving us a chance to take that opportunity to at least get an earnings somehow.