it is obvious that bitcoin was destined to become part of it whether we like it or not.
Yeah in my opinion as well, bitcoin was not created as sole currency but as investment instrument as well. Limited supply of bitcoins must be the enough proof to support this point. I guess bitcoin will become a pure currency only when it attains stable value but there could be zero chances for that in next hundred years for sure.
Topic: Why bitcoin users should be careless about the price and trade bitcoin instead (Read 364 times)
September 21, 2021, 03:13:45 PM
September 19, 2021, 11:45:00 AM
Because it is the only coin that has the power to make other coins down and other coins up. And another thing the top investors are use bitcoin much more for their trading as they can gain a lot of money through bitcoin as compared to other coins. That's why many of the investors are careless about the price.
September 19, 2021, 11:11:23 AM
It's really bad, because when you do research on Bitcoin the main purpose of which it was created was to serve as a method of transaction and not just an investment. Moreover the whitepaper never mentioned anything about being an investment it was just talking about being a Method of transaction and nothing much. But for the fact that its value is not stable, that’s what resulted to people seeing it as an investment.
Investors are also into transacting bitcoins when they buy and sell bitcoins, right? You cannot expect all the people to transact in higher volume from their beginning days itself. Moreover, the current block size also not compatible for more number of transactions. Hence, we need all types of people which include long term holders and active traders.it is obvious that bitcoin was destined to become part of it whether we like it or not.
Yeah in my opinion as well, bitcoin was not created as sole currency but as investment instrument as well. Limited supply of bitcoins must be the enough proof to support this point. I guess bitcoin will become a pure currency only when it attains stable value but there could be zero chances for that in next hundred years for sure. September 19, 2021, 01:39:16 AM
Most people still use Bitcoin for investment more. Some privacy-conscious people use Bitcoin for daily payments. With the legalization of Bitcoin in some countries, many shops and clothing stores already support Bitcoin payments. Daily consumption of Bitcoin has also increased. When we are accustomed to using Bitcoin for payment daily, everyone is not interested in Bitcoin investment.
September 18, 2021, 03:25:55 PM
Because normal people like you and me shouldn't solely rely on asset investments in the first place. The trick is to always have cashflow income for our bills and necessities, while having asset investments to boost the value of our wealth(instead of watching it slowly but surely go down with inflation).
If you are not professional trader and have not took it as primary source of income then you must have another income source to support you rather than relying completely on profits out of your investment because it is just an extra allocation of your savings and it could take long to give high returns so have some major source to boost your income.All of the people who come into crypto trading thinking that they can really make a profit but somehow some never did it right and lose their money. Many were get into huge debt, committing loans and etc. And instead of thinking that this could save them, it even causes their life being compromised.
September 18, 2021, 02:51:05 PM
It was inevitable, while it is not in the white paper there is the famous quote of satoshi stating that in the future there will be a large transaction volume or none at all, it is obvious that a great deal of that volume will come from speculation, there is no way around it, look at the biggest markets around the world, which is the Forex market in which currencies are traded against each other, it is obvious that bitcoin was destined to become part of it whether we like it or not.
Nope it wasnt destined because even the creator itself have no idea whether his creation would able to progress in the future or wouldnt really able to make such thing but now with the current situation then we can really tell that it did really work.
September 15, 2021, 04:47:33 PM
I keep telling people that Bitcoin is not just an investment but also a currency that can be used for transactions. I don’t like the fact that a lot of people these days are seeing Bitcoin as a means to make money quick online and then they all quit after they have made that money.
It's really bad, because when you do research on Bitcoin the main purpose of which it was created was to serve as a method of transaction and not just an investment. Moreover the whitepaper never mentioned anything about being an investment it was just talking about being a Method of transaction and nothing much. But for the fact that its value is not stable, that’s what resulted to people seeing it as an investment.
It was inevitable, while it is not in the white paper there is the famous quote of satoshi stating that in the future there will be a large transaction volume or none at all, it is obvious that a great deal of that volume will come from speculation, there is no way around it, look at the biggest markets around the world, which is the Forex market in which currencies are traded against each other, it is obvious that bitcoin was destined to become part of it whether we like it or not.It's really bad, because when you do research on Bitcoin the main purpose of which it was created was to serve as a method of transaction and not just an investment. Moreover the whitepaper never mentioned anything about being an investment it was just talking about being a Method of transaction and nothing much. But for the fact that its value is not stable, that’s what resulted to people seeing it as an investment.
really tell that it did really work.
If ever Satoshi was alive then he would really be that proud of on how far his creation did really able to reach.About being careless about the price then this is something an inevitable thing for someone
not to mind off.
We are risking our money and its just normal on having those emotions and impressions that we should be wise on every actions that we would take.
September 15, 2021, 04:16:54 PM
I keep telling people that Bitcoin is not just an investment but also a currency that can be used for transactions. I don’t like the fact that a lot of people these days are seeing Bitcoin as a means to make money quick online and then they all quit after they have made that money.
It's really bad, because when you do research on Bitcoin the main purpose of which it was created was to serve as a method of transaction and not just an investment. Moreover the whitepaper never mentioned anything about being an investment it was just talking about being a Method of transaction and nothing much. But for the fact that its value is not stable, that’s what resulted to people seeing it as an investment.
It was inevitable, while it is not in the white paper there is the famous quote of satoshi stating that in the future there will be a large transaction volume or none at all, it is obvious that a great deal of that volume will come from speculation, there is no way around it, look at the biggest markets around the world, which is the Forex market in which currencies are traded against each other, it is obvious that bitcoin was destined to become part of it whether we like it or not. It's really bad, because when you do research on Bitcoin the main purpose of which it was created was to serve as a method of transaction and not just an investment. Moreover the whitepaper never mentioned anything about being an investment it was just talking about being a Method of transaction and nothing much. But for the fact that its value is not stable, that’s what resulted to people seeing it as an investment.
September 13, 2021, 06:14:00 PM
Although the current market is changing with each passing day, I believe that the total experience given to you by history is still desirable. In my transaction, I remember that when Bitcoin was 3,000 US dollars, I still think that Bitcoin is expensive, which is simply too cheap compared to now.
At that time, you don’t have to care about the price，It is estimated that there is now 10 times the space.
My experience from previous transactions is to always hold, always buy, balance the average price, and never sell. As for making money in this way, I am not a very experienced trader, nor do I have any financial talents. Only in this way can a mediocre person like me make money in the crypto industry.
but it won't be that easy. it will play your psychology. when the price was $3000 many said it was too high, but some believers kept buying it and kept being held back.At that time, you don’t have to care about the price，It is estimated that there is now 10 times the space.
My experience from previous transactions is to always hold, always buy, balance the average price, and never sell. As for making money in this way, I am not a very experienced trader, nor do I have any financial talents. Only in this way can a mediocre person like me make money in the crypto industry.
Holding and never selling is easy, but running it is very difficult when you see bitcoin's price has gone up 50% or 100% from $3000 and then to $6000. those who can't stand it will sell it, but those who have a target or price strategy will certainly hold on to it.
It is very easy to make money in crypto but also very easy to lose it.
September 13, 2021, 11:26:17 AM
The problem is that most of the all the new people who have started using bitcoin, they only see it as an investment and not as a currency, and this idea has changed the nature of it making bitcoin no longer a currency, people just buy bitcoin and store it in hopes of making millions from it on the long term, we may see a few people trade it here and there but because of its high price and the weight of the loss that they may get from it they just prefer to trade other currencies.
indeed that's the reason why bitcoin become so popular because of the way where people can make a massive returns. And yes only few enthusiast can used it as a currency such how real fiats can be used because there's no problem with their country when it comes crypto, wherein unlike other countries reason why they preferred to invest at least they cannot miss the opportunity from it.. Actually there's a lot of reason but it's too hard to tell.. Perhaps we should understand?. 
September 13, 2021, 09:32:24 AM
Because normal people like you and me shouldn't solely rely on asset investments in the first place. The trick is to always have cashflow income for our bills and necessities, while having asset investments to boost the value of our wealth(instead of watching it slowly but surely go down with inflation).
If you are not professional trader and have not took it as primary source of income then you must have another income source to support you rather than relying completely on profits out of your investment because it is just an extra allocation of your savings and it could take long to give high returns so have some major source to boost your income. 
September 13, 2021, 03:20:37 AM
I keep telling people that Bitcoin is not just an investment but also a currency that can be used for transactions. I don’t like the fact that a lot of people these days are seeing Bitcoin as a means to make money quick online and then they all quit after they have made that money.
It's really bad, because when you do research on Bitcoin the main purpose of which it was created was to serve as a method of transaction and not just an investment. Moreover the whitepaper never mentioned anything about being an investment it was just talking about being a Method of transaction and nothing much. But for the fact that its value is not stable, that’s what resulted to people seeing it as an investment.
It's really bad, because when you do research on Bitcoin the main purpose of which it was created was to serve as a method of transaction and not just an investment. Moreover the whitepaper never mentioned anything about being an investment it was just talking about being a Method of transaction and nothing much. But for the fact that its value is not stable, that’s what resulted to people seeing it as an investment.
September 12, 2021, 05:16:36 PM
The problem is that most of the all the new people who have started using bitcoin, they only see it as an investment and not as a currency, and this idea has changed the nature of it making bitcoin no longer a currency, people just buy bitcoin and store it in hopes of making millions from it on the long term, we may see a few people trade it here and there but because of its high price and the weight of the loss that they may get from it they just prefer to trade other currencies.
But this was to be expected, if those that believe in the potential of bitcoin to become incredibly valuable in the future really thought that in such future people will still use bitcoin as it was used back then then they were clearly in the wrong, as things become more valuable then there is a greater resistance on the minds of the people to actually use those assets, and this is completely understandable because now an expectation has been created for the value of this asset to go up and people are not going to willingly part ways with that asset until they get their financial goals fulfilled. September 11, 2021, 03:45:00 AM
Although the current market is changing with each passing day, I believe that the total experience given to you by history is still desirable. In my transaction, I remember that when Bitcoin was 3,000 US dollars, I still think that Bitcoin is expensive, which is simply too cheap compared to now.
At that time, you don’t have to care about the price，It is estimated that there is now 10 times the space.
My experience from previous transactions is to always hold, always buy, balance the average price, and never sell. As for making money in this way, I am not a very experienced trader, nor do I have any financial talents. Only in this way can a mediocre person like me make money in the crypto industry.
At that time, you don’t have to care about the price，It is estimated that there is now 10 times the space.
My experience from previous transactions is to always hold, always buy, balance the average price, and never sell. As for making money in this way, I am not a very experienced trader, nor do I have any financial talents. Only in this way can a mediocre person like me make money in the crypto industry.
September 10, 2021, 06:44:29 PM
Thus, it is unbearable to see that over $120 million worth of cryptocurrency gets lost as a mistake of these new users that forget to keep their password safe, according to crypto data firm analysts.
This is a very important thing to talk about, since many people have lost access to their private keys, which is very sad, but looking at it from an economic point of view, the deflationary economy shines, that is, in the In the case of BTC, as it is limited to 21M of BTC, this makes the lost amount take much more value than the BTC.
And the more BTC is lost, it is more beneficial at least for those who are holders, or those who have a fraction of BTC, this makes it more valuable. Of course this does not apply to some tokens that are not limited, everything is also a question of supply and demand, in this case the market has a lot to do with it and with the manipulation of whales.
September 10, 2021, 08:40:39 AM
how do you measure profit in usd if you care less of the price?
although you count the satoshis we earn from trading, we'll always going to consider the price at the end of the day because the value in fiat will matter thats why we trade a lot in btc/usdt. its very hard to trade on btc/eth.
I was about to make a similar comment. It's impossible to just assume bitcoins as a standalone currency because even though more sellers are accepting bitcoins we are still no way near a marketplace that works alone on bitcoins. Technically, the value and popularity are as such because of the price it has managed to achieve.although you count the satoshis we earn from trading, we'll always going to consider the price at the end of the day because the value in fiat will matter thats why we trade a lot in btc/usdt. its very hard to trade on btc/eth.
If for example the price drops down to a hypothetical value of $100, will there be the same interest towards crypto as it is now? Absolutely not. That's because the value brings popularity and maybe in the future we have a marketplace where we can buy anything with crypto. But for now, value of bitcoin decides nearly everything; popularity, adoption, new projects, etc.
September 10, 2021, 01:08:38 AM
Well it isn't limited to being a currency in the first place, proof of it being what it is right now as a form of asset that people can invest in, not to mention that the adoption of Bitcoin towards being used as a currency still has quite a lot of walls to break down, not to mention that an agreement between a consumer and a merchant needs to be done in the first place before the usage of Bitcoin as a currency is established. If only one side adopts it, then it wouldn't or rather, couldn't really be used as a currency, and it would take time for it to adapt to the world. It is, after all, a currency that is quite free, both for how we use it and for how it is adopted, only willing users would use it and no one would really force someone else to adopt it.
That is not the point here. Just because it still has problems and not being used worldwide as a currency doesn't mean that it shouldn't. The point here is that we should not see it "only" as an investment thing and we should see it as a thing that could be used as a currency as well. So, while you are right about the fact that crypto could be used as an asset to invest, it should also be seen as a currency that could be spent in many places.Unfortunately, there aren't that many places in the world that accepts bitcoin, there are few but not a lot, even online big business' accepting it would be great but we are still lacking. However, if that starts to grow a lot bigger than today, then bitcoin could be something great, it could both help increase the price because of the demand, but it would also drop the supply as well with companies keeping their bitcoin sales in bitcoin instead of cashing out right away.
September 09, 2021, 08:58:13 AM
how do you measure profit in usd if you care less of the price?
although you count the satoshis we earn from trading, we'll always going to consider the price at the end of the day because the value in fiat will matter thats why we trade a lot in btc/usdt. its very hard to trade on btc/eth.
although you count the satoshis we earn from trading, we'll always going to consider the price at the end of the day because the value in fiat will matter thats why we trade a lot in btc/usdt. its very hard to trade on btc/eth.
September 09, 2021, 08:09:32 AM
Not because bitcoin was made to be a currency automatically means that we should only use it for that sole purpose. Why don't the masses use bitcoin for payments? Simply because they're not incentivized to do so. Why spend the asset that has been going up in value? The no-brainer option is to spend the currency that's been trending down in value instead— the USD and fiat currencies in general.
Unfortunately, we probably won't see notable amounts of bitcoin payment usage unless probably a double digit percentage of people gets paid bitcoin instead of fiat, and when most brick and mortar stores accept bitcoin. We're simply not there yet, hence why people prefer to hold for now.
Satoshi did label Bitcoin as a "peer to peer digital currency", but you're totally free to use it to whatever purpose you see fit. One of the main points of Bitcoin is freedom in the first place.
People are actually reshape bitcoin as which they call "digital gold". Back in 2016 there are many places accepting bitcoin as a payment method but things change since the price of bitcoin increases significantly causing huge rise in transaction fee (there was not lighting network or segwit). Then, regulations in different countries force businesses to shut down any form of cryptocurrency payment. As the result, bitcoin has turned into some kind of unimaginable investment which can bring thousand of percentage in ROI Unfortunately, we probably won't see notable amounts of bitcoin payment usage unless probably a double digit percentage of people gets paid bitcoin instead of fiat, and when most brick and mortar stores accept bitcoin. We're simply not there yet, hence why people prefer to hold for now.
Satoshi did label Bitcoin as a "peer to peer digital currency", but you're totally free to use it to whatever purpose you see fit. One of the main points of Bitcoin is freedom in the first place.
September 09, 2021, 06:10:27 AM
Well it isn't limited to being a currency in the first place, proof of it being what it is right now as a form of asset that people can invest in, not to mention that the adoption of Bitcoin towards being used as a currency still has quite a lot of walls to break down, not to mention that an agreement between a consumer and a merchant needs to be done in the first place before the usage of Bitcoin as a currency is established. If only one side adopts it, then it wouldn't or rather, couldn't really be used as a currency, and it would take time for it to adapt to the world. It is, after all, a currency that is quite free, both for how we use it and for how it is adopted, only willing users would use it and no one would really force someone else to adopt it.
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