Based on the Satoshi whitepaper, bitcoin is the currency. Of course, people are free to trade between currencies, such as EUR-USD, GBP-USD, INR-USD, etc. This does not mean that these currencies were treated as stocks. Each currency has its own function and jurisdiction, so people need to exchange currencies.
In stocks, you get a portion of a company's ownership (or share). This is the basis of "intrinsic" value. In Bitcoin, its value derived from the bitcoin network, users will be able to store value securely without hyperinflation and transfer it anywhere in the world.
So bitcoin price was not created from thin air (like fiat) or company's ownership (like stocks), but from the network which is the safest open network in the world.
Topic: Bitcoin is not intended to be a stock. Blockchain has nothing to do with price - page 4. (Read 13513 times)
December 01, 2018, 06:19:16 AM
December 01, 2018, 05:01:50 AM
Bitcoin was intended to be a p2p, cutting out the middle man, yet we treat it like a stock.
How else to aptly explain what Bitcoin is. 
But how important too that the activities of the 'greedy ' Wall street guys have made the acceptance and awareness of bitcoin faster. But for the commercialization of bitcoin, it will take ages for people to come to know of this magnificent technology. December 01, 2018, 03:22:32 AM
Guys, Bitcoin is fundamentally flawed, we all know this yet we keep focusing on the price.
don't blame bitcoin for the way you are thinking about it. start blaming yourself for misunderstanding what bitcoin is for.
besides nothing is wrong if you care about the price and want to make a profit from bitcoin as long as you understand bitcoin and how it works and are not caught up in some hype.
December 01, 2018, 02:56:17 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.
Bitcoin is a payment tool. In this way, we should consider Bitcoin as "money". The value should actually determine only the supply-demand. But, of course, manipulation is also influential in price, because of the higher value than expected.
December 01, 2018, 02:28:15 AM
How you choose to view your bitcoins largely depends in what you plan on gaining from it.
The fact is:
It has value
It is volatile
It can be transferred and hence can be used as a means of payment.
It's volatility makes it an investment option
It's volatility also makes it unsuitable as a store of value, no one wants to see their purchasing power drop without any action from them. (If you are considering the possibility of it's rising then you're viewing it as an investment)
The fact is:
It has value
It is volatile
It can be transferred and hence can be used as a means of payment.
It's volatility makes it an investment option
It's volatility also makes it unsuitable as a store of value, no one wants to see their purchasing power drop without any action from them. (If you are considering the possibility of it's rising then you're viewing it as an investment)
December 01, 2018, 02:08:44 AM
if you go to a supermarket and pay with stocks, it doesn't turn stocks into a currency. it just means YOU chose to use stocks as a medium of exchange. the same thing is with bitcoin. if some people think of bitcoin as stocks that doesn't make bitcoin a "stock", it is only their perspective of it. not to mention that it is still your perspective thinking people do that! the fact is bitcoin, like any other currency, is being traded. in other words the same way US dollar is being traded on Forex market, bitcoin is being traded in cryptocurrency market. would you call USD a stock because of that?
Yes,but if the majority of the people share the same perspective,that perspective becomes valid.
By the way,I don't agree with the OP about bitcoin being p2p.I don't think that BTC is peer-to-peer anymore.There are som many crypto exchange platforms,online wallets and crypto casinos.Too many middleman services in the market.
December 01, 2018, 01:52:09 AM
if you go to a supermarket and pay with stocks, it doesn't turn stocks into a currency. it just means YOU chose to use stocks as a medium of exchange. the same thing is with bitcoin. if some people think of bitcoin as stocks that doesn't make bitcoin a "stock", it is only their perspective of it. not to mention that it is still your perspective thinking people do that! the fact is bitcoin, like any other currency, is being traded. in other words the same way US dollar is being traded on Forex market, bitcoin is being traded in cryptocurrency market. would you call USD a stock because of that?
November 30, 2018, 02:15:38 PM
People have assigned it value, and for it to be used as a currency, it has to have value, and so people speculated on what truly is the acceptable price for 1 bitcoin is. I won't call it fundamentally flawed; we, the same people who gave bitcoin its value, are the ones who deviated away from the fundamentals of bitcoin and have allowed the same middlemen and governments to encroach this tiny space of ours on which we think we're safe from their control and observant eyes. Had we not given bitcoin some value, we wouldn't even be here, and only those who truly believed in the system way before bitcoin reached some significant value would stay.
November 30, 2018, 01:53:29 PM
But it has value. Should we ignore it and move on? If something exists we have to take it into consideration. Like when you write program and people value it at 10000 USD, will you ignore it because your car has nothing to do with price? One day you will need money and will need to sell it. Many of us hold Bitcoins because we don't agree with its price and think that it should be much higher, but we don't ignore it. We measure and value it and price is a good unit of measurement.
November 30, 2018, 01:15:39 PM
Not all of "us" are keeping up with the price of Bitcoin as if it were a stock. There are those of "us" that use Bitcoin as intended to purchase things and use it as it was intended. Try to keep that in mind when using "us" as a collective. There are a bunch of noobs that are treating Bitcoin as a stock, especially after 2017. But it's up to those that know what Bitcoin is and how to use it to educate the uninitiated so that the "mass adoption" phase can kick in correctly and not the way that wall street and the banks want it to. Yes the "smart money" and banks are controlling the PR piece and touting Bitcoin as more like a stock, that's where the uninformed come in and try to get a piece of the action. When they "lose" they feel that Bitcoin isn't worth anything and then they get out thinking that Bitcoin and cryptocurrencies are nothing more than another tulip mania.
November 30, 2018, 06:25:08 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.
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