Bitcoin Forum

Hello everyone.

Lately, I've been talking with a lot of people on this forum and before that, I really thought that most people here treat Bitcoin as a technology that gives us freedom and represents ideas of satoshi, but I realized that everyone I talked to treat it just like an asset to invest in.

I don't want to say that it's bad, it's just surprising me. I created a thread where I asked if people think that Bitcoin will become stable enough to become a new currency cos I thought it was the whole idea, but everyone was telling me that it will always fluctuate and it's just a method to earn money.

What do you guys think about that? Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks?

Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.

Why not both? Its quite bias that you talked to people and thats what they answered. Its best that youved asked here since many could voice out what they think. But for me, it signify as an asset for now and store of value since Im not using it on my daily needs or transaction. Maybe if bitcoin adopted more it could be a useful for everyone and establishments already recognize that to use on their stores, shops, restaurant. But I think a long way to go to be global yet. But some already using it for that purpose already.

You may be thinking wrong, because what I am feeling in the crypto market as well as bitcoin is showing a lot of different nuances from technology to finance. In essence, it is still itself, the features or limitations are up to us to judge for ourselves, and it is not uncommon for someone to see only limited issues to discuss or vice versa. about the positive rhyme that will help. I personally see that bitcoin has changed a lot and to this day looking at how new people learn about it and people who have been involved for a long time have completely different views, over time I Can imagine some things changing and bitcoin will also be received the way things are.

It's not new. We've been treating Bitcoin as one of the greatest asset and store of value. So, that's something we've been doing already and the technology is Blockchain itself.

Well, that's also why devs have seen the opportunity so they make their own tokens and coins for it to be traded. They've seen that they can take advantage of the situation and it's not just Bitcoin that shall enjoy all of these attention coming from being a great and liquid asset to becoming a piece of technology that's been all-in-one payment method.

Depending on how you look at it, you could actually think of Bitcoin as an asset, an investment, a technology, an innovation, a payment system, even a movement against a centralized financial system, and it's all true. Bitcoin is too narrow if we compartmentalize it in one "term" which can be much broader if we can see it from various perspectives. So whatever people see it, whether it's as an asset or investment or a movement, just let it be like that because Satoshi created Bitcoin not only as a digital asset, but more than that.

• Satoshi, not satoshi. You can use Satoshi as a short name calling for Satoshi Nakamoto (https://bitcoin.org/bitcoin.pdf), the founder of Bitcoin.
• satoshi is a Bitcoin unit.  Bitcoin Table of Units (https://bitcointalk.org/index.php?topic=5239694[Did you know?).
• Don't misuse two words.

Bitcoin is not a technology. It is a product from blockchain technology.

People can use bitcoin differently. Some will use it as an asset. Some will use it as a currency, a payment method. Some will use it as a tool for trading on cryptocurrency market. Some will use it as a mean for their scam.

Freedom, yes Bitcoin and its decentralized network, its non custodial wallets already give us enough freedom and free from banks.

If you have your Bitcoin private keys, you have your own banks and freedom technically and financially.

To make it more simple and probably easier to understand, you can look at it this way.

Bitcoin (with a capital B) = the technology, the network
bitcoin (with a small b) = the investment, the currency, the asset, etc

It's somewhat a naming convention flaw that makes it a bit confusing for the uninformed.

Bitcoin is a piece of code, you can use that to what, is what you want it to be!

I said it numerous times, just like this:


You can transfer value, you can hide value, can store value, can increase value (through trade), use it how you like it.

And more importantly probably that this is another thing:
Just as you are not required to explain why you're using Bitcoin, you shouldn't question somebody else on what he's doing either.
Your keys your coins, his keys, his coins, his decision!


Show me one thing humans invested in and hasn't been turned at least once in its history into a money-making business.
From war to religion, VPNs to car sharing, Bitcoin to jpg monkeys!

Nice point.

If anyone does not know their differences, Pmalek has Do you know the difference between Bitcoin and bitcoin? (https://bitcointalk.org/index.php?topic=5288473.0).

Honesly I did not know about the differences years ago and that thread is useful for newbies.  :D

With bitcoin, we can also use its symbol BTC

at first, you are a little mistaken about what bitcoin is, bitcoin uses blockchain technology, which means bitcoin is not technology but blockchain is the technology.

bitcoin the value will never be stable, and that is what distinguishes bitcoin from fiat, in the cryptocurrency market there are lots of stablecoins scattered, bitcoin must retain its properties at any time, and turn into a stablecoin, that is a joke.

you are free to think of bitcoin as whatever it is, just as many countries make bitcoin a commodity asset, that's normal imo.

There is no method of using BTC that is bad, and in all of them you are using the network, technology and the currency. BTC is censorship resistant, you can't censor people or tell them what to do with their BTC's. BTC is permissionless, people do not need permission from you to use BTC for any reason and purpose; it is a free market. Trying to tell people what to do with their BTC's is almost like censorship, because if you use fiat you can be censored by the government or bank, they can freeze your account and stop you from spending, or give you a limit, but when people choose BTC it is because they want to use their coins how they like.

You are asking people in a Bitcoin forum that whether they consider Bitcoins as bad? My friend we love Bitcoins. How can we say against it ? We have seen Bitcoins growing from nothing to becoming the high demand asset. Bitcoins have proved how worthy it is. Yes people consider Bitcoins as an asset. Unlike any other asset, the price of the coin also goes up and sometimes down. But that doesn’t mean that Bitcoins are bad. You have to live with it, and get use to this price fluctuations.

Depends, the initially designed was to used it as a payment scheme, we even have     
Pizza for bitcoins? (https://bitcointalk.org/index.php?topic=137.0) to proved it.

But as time goes by, exchanges where established, Mt. Gox became famous or shall I say infamous. And as time goes by, $0.1 price in the beginning becomes $69,000, last all time high.

So it really up to the individuals on how they are going to treat it, be sound money or investments or speculated assets or Store of Value.

Isn't that wonderful that bitcoin is an asset that investors can invest their money on and make a lot of money doing so in time? and at the same times it is good for those who are looking for a way to get out of centralised manipulation and control

Bitcoin gives the freedom to the people who have less power to be in control of their money this is two in one feature from bitcoin alone and to me this make it an outstanding piece of technology.

If I were you I will not bother to dictate between choosing freedom or an investment assets since bitcoin is capable of offering these two features I will just go ahead with it and be satisfied with it at the same time, I like the freedom and the investment side of Bitcoin. You are free to accept Bitcoin the way you want, either for investment purposes or for getting out of centralized manipulation it is your call and everyone is free to do what they like.

Bitcoin certainly has many uses, one of which can be used as a short-term or long-term investment asset, and we can also use bitcoin as a digital currency.

indeed the price of btc always fluctuates, but with fluctuations of course in my opinion it does not hinder payment transactions, but with the condition that you must know the risks of using the btc payment method.
so payments using btc can of course be done as long as it is done with
volunteer and know the risks.

Personally I've always been on the supporting side that bitcoin is more of an asset than any other thing people might want to think of it.
Yes bitcoin  is already severing different  purposes and I don't see any call for concern and one thing that .amen bitcoin  and cryptocurrency in general more interesting is the volatility in its prices which makes some people happy(profit) and the others sad(loss) and I've always known that the profits comes from the losses of others.

I stand that bitcoin should be more of asset and whoever is coming to the industry should play smart and stay in profits than being the prey and staying in losses.

Regarding how each investor views Bitcoin, in my opinion, it doesn't matter, because while they believe in Bitcoin, it's far more than enough. I mean because it's basically a multi-purpose cause whether it's good investment advice, or making it a supported currency like El Salvador then Bitcoin adoption is what it should be.
So you don't need to get dizzy or confused, the fact is that one truth can be defined in various ways. We cannot force it to fulfill your wishes. Personally you may ands feel Bitcoin is a great asset but some still have caution and are only a high risk investment asset.

Sorry to say but the forum or community won't identify bitcoin as different from what reality that other people globally identify it with . Going by the bitcoin white paper, the other part of regarding bitcoin as an asset to be traded or invested upon for financial return could be regarded as secondary while the other part of freedom for the people to have their privacy and financial freedom against government control is the primary objective of bitcoin. So the way we can analyse your question is that it is both primary and secondary purpose which is for financial freedom in control and privacy through virtual cryptographic techniques and the secondary purpose is to regard it as an asset that is not regulated.

Bitcoin grows because of trust, if that trust is lost it will have no value. My country has included Bitcoin as a commodity asset. So Bitcoin is an asset that has been recognized in my country. They prohibit it as payment only. So I think Bitcoin is not bad even he gave me an advantage. Indeed, instability is a strong reason to say bitcoin is dangerous. But you have to understand that stability is actually our opportunity to make a profit. If Bitcoin is stable, maybe crypto trading will be boring, difficult to make a profit.

Fluctuate but very liquid. If you set up a business with bitcoin then you can reduce the effect of its fluctuations by several methods including instant exchange to fiat. But I'm not gonna argue that the awareness of newcomers in this space is not based on the technological benefits that bitcoin brings, only the volatility that is exciting enough to make money.

Bitcoin has indeed become one of the great assets that exist at this time. So that many people use it for positive things, for example being able to make money and have financial freedom. So I think if someone views bitcoin as an investment asset or as a new decentralized currency, all of those opinions are not wrong and all of them are right. Because if bitcoin is widely used as an investment asset by many people, all of these things will directly lead to the adoption of bitcoin as a new currency. So you shouldn't be surprised if many people now view bitcoin as an investment asset. And in my personal opinion, if all of these things still have a positive impact on many people, whether they are used as investment assets or used as currency, I think it's the same thing.

What's the issue with both? If people are able to make money from Bitcoin, that's great! At the same time they are able to celebrate the technology behind it.


Whatever success you are seeing today in cryptocurrency market. It's because people are able to make money out of it. Making money gives purpose. Why would anyone celebrate the technology behind it if that technology is not giving any purpose to them?

I think many users aren't realize if the @OP had created two thread about similar discussion where he consider Bitcoin is an asset, not a currency.

When Bitcoin will become stable currency?  (https://bitcointalk.org/index.php?topic=5452181.msg62221161#msg62221161)
Bitcoin can't become world currency (at least now). (https://bitcointalk.org/index.php?topic=5446324.msg61977721#msg61977721)

@OP is a rockheaded person, he won't listen with you guys, he will keep saying Bitcoin price is never been stable, high volatility, etc and don't care with the Bitcoin whitepaper which has been stated Bitcoin is a decentralized currency. I think we need to let alone him, anyway what's the point to argue between Bitcoin is an asset or Bitcoin is a currency?

I doubt literaly everyone told you that but if they did, they were wrong.


The dilemma you raise is false. Bitcoin is an asset that can provide freedom from banks, and I say can because, given the way adoption is developing, it seems to me that banks in the broad sense (financial institutions) are going to play an increasingly important role in it. It is a departure from Satoshi's initial idea, but it is what it is.

How people consider and treat bitcoin is always on a personal level. There are personal reasons why everyone has an attraction to bitcoins. This is why it is important to always touch and explain all the benefits and advantage of bitcoins to someone you are talking to about bitcoins and not just the potential for it to yield profit when invested in.

 Truth is some people already have some kind of investment and not interested in any other kind of investment other than what they know, to these people, if you talk to them about bitcoins and you only mention the potential bitcoins have to give you profit when invested in only, they may not be interested. In stating and explaining all the benefits of bitcoin, talk about everything because you never know the one that will interest and get the attention of your listener.

Imagine meeting someone who you never had an idea that had a problem with transactions and was looking for alternatives, and then why you are engaged in a discussion with them you begin to tell him about the benefits that the bitcoins have in terms of transactions. That will definitely be of interest to him, even much better than for investment.

In conclusion, always try to be elaborate when discussing the benefits and advantages of bitcoins.

Why don't you think it is both? If you want to use bitcoin as a payment method or currency, then use it without caring what others say.  likewise, many people prefer to use it as an investment, an asset, also of their choice. No one is wrong in this situation, and it shows that bitcoin is superior to fiat, compared to gold, it is the product of a composite of the advantages of other assets. Use bitcoin your way, and don't mind what others say because everyone's life is different.

It's the best asset out there that's worth your money, I will ditch Gold for Bitcoin any time any day and even if I have Gold right now I will sell the Gold and buy Bitcoin instead, I believe that OP is just confused, because Bitcoin can be used as a means of payment and also as a distance between the banking system and your money, Bitcoin is decentralized and with decentralization comes freedom, how can one not embrace the two? One utility isn't affecting the other.

Bitcoin is a virtual currency and more people are interested in investing in this Bitcoin. I think Bitcoin is an asset that will remain as a fund for the future. Investors use this Bitcoin as an asset because Bitcoin has a near future. In today's world, most banks keep money in most banks and many people hold virtual currencies. I think it's better to invest in Bitcoin than keep it in the bank because it will be an asset. And people get a lot more freedom by investing in Bitcoin than they get from banks. So to me Bitcoin is like an asset and for the future it will reflect life.

This totally depends on personal choice. The way people treat it will be the thing it will become to them. One can choose it as an asset or a currency. People are still using Bitcoin for multiple purposes. If one is capable enough to make profits from investing in Bitcoin, then he will do just that. And if one is not capable of doing it, then they can choose it as a currency or a payment method. Also there are those who only choose Bitcoin for the technology it's built with.
People have different choice and different opinions. The conflict between them will remain as it is. So all we can do is use it for what we choose it to be.

Yes bitcoin uses blockchain technology and is refers as digital currency unit itself but Bitcoin together with blockchain is a technology. Have you not read the earlier reply?  In addition to those replies this might be an interesting read: https://www.wired.com/insights/2014/04/bitcoin-ultimate-democratic-tool/



It maybe a joke but everything changes, so the highly fluctuating bitcoin today might become or considered stable in the next decade or more.  There is always that possibilities.


Those who are knowledgeable about Bitcoin treat it both a technology, an asset and a currency.  Those are the feature of Bitcoin why choose only one when we can have multiple benefits.

Bitcoin was created to be a Store of Value and not just a Medium of Exchange. A proper money should be a good Store of Value which basically means that people assets/values in form of Bitcoin/money is preserved rather debased when stored longterm. So, it will be wrong to take the SoV feature away from Bitcoin. Without it, Bitcoin won't be a proper money.

In regards to price fluctuations, it's actually the heartbeat of Bitcoin. It's a way to know how the economy is doing. If you suppress it how do we know how well Bitcoin is doing? If price goes down 5% a self-regulating mechanism kicks in, the community begins to promote, fix or contribute to the development of Bitcoin to attract buyers and increase the price by 10%. If everything is in order the price fluctuates moderately until there is need to pump it up more, which is usually temporal. So, you need to learn to live with the fluctuations.
If you are too bothered about the fluctuations then quit comparing it with fiats and just focus on Bitcoin & it's local economy.

I have as well come across your post about that and I believe I did comment on one of them talking about bitcoin as an asset. Actually, from the history and beginning of bitcoin, Satoshi designed it in a way that Bitcoin could serve as money in our day-to-day life activities. Bitcoin could be used as real-life digital cash to purchase goods and services but the unfortunate happened, at the early stage, the whales manipulated the market causing the holders to sell under panic not knowing that was an intentional act for them to take over the market and it worked out as they planned to cause the weak hands to sell under pressure until it was realized that they were tricked but before they could realize it, it was late.


However, bitcoin is a volatile asset and as such does not need to be stable because already, people have also started to see bitcoin as a store of value which means one can convert their assets while storing them in bitcoin. So far, bitcoin is seen as a new financial technology that has come to take the place of fiat with good possibilities and growth as it extends to all sectors of the economy far and wide all over the world.

Bitcoin gives the freedom to the people who have less power to be in control of their money this is two in one feature from bitcoin alone and to me this make it an outstanding piece of technology.  Investors use this Bitcoin as an asset because Bitcoin has a near future. If one is capable enough to make profits from investing in Bitcoin, then he will do just that. So I think if someone views bitcoin as an investment asset or as a new decentralized currency, all of those opinions are not wrong and all of them are right. Because if bitcoin is widely used as an investment asset by many people, all of these things will directly lead to the adoption of bitcoin as a new currency.

Bitcoin can be seen from various dimensions and can also be seen from various different points of view, of course. Since bitcoin was created by Satoshi Nakamoto, Bitcoin has become more than just a crypto digital asset but has now become a means of payment in certain areas.

Of course, the existence of bitcoin does have an impact on banking institutions. What is certain is that banking will be rivaled by the blockchain technology that underlies bitcoin. So, banking here should also accommodate and adopt cryptocurrencies with banking products. Because after all banking and bitcoin still need each other.

people's view of Bitcoin really depends on the background and purpose of that person's point of view. Some see it as a potentially profitable investment tool, while others see it as a technological innovation that will change the way we interact with finance. Regardless of which point of view one chooses, for me Bitcoin is a technology and ecosystem that is constantly evolving, it is an innovative proof of concept that we can transact securely, transparently and decentralized.

Yeah this assumption and fight over it has been done all the time on this forum and there was no real outcome so far. Peeps have started calling it asset or coin alternative and as per the context they are using. I’m sure that won’t matter a lot and it never did. Bitcoin has value and peeps are going to take it as an opportunity to invest thus may speak in terms of assets or alternative when they are transferring or exchanging then it could be a coin that they are sending. It barely matters. Bitcoin is bitcoin, rest is just nomenclature.

Not everyone will think about things you like and what you call on bitcoin since it will depend on what is the use of bitcoin for you.

If you think that this is an asset because you use it on investment then its fine nothing can argue with that since you are using it for good means. Also if you call it a technology because you like the idea why it created and how it innovate lives then this will be it. Just continue to use it base on what you prefer and don't argue to any people the way how they think about what is bitcoin for them.

Through the technology behind bitcoin it have got multiple usage. Satoshi had a vision and he worked on it. With time the usage varied between people. Bitcoin that have been used as a transaction source gained importance as an investment through the growth it attained in very short time period. Because of its pseudonym feature it got its usage on illegal needs in large number during the starting days. This even gave negative opinion over bitcoin among the common people.

Whether it is an asset or something else is secondary. How effective it has been getting used aroud matters. If you consider it an asset, then it behaves accordingly. It is upon the way we use it. For now it is much commonly used as asset, investment, transaction source, currency, etc.

Bitcoin is viewed by many as an asset they can store their valuables, as an investment tool on which they can make money, as a digital currency they can trade, or as a payment method.  I'm only stating what different people's thoughts are on bitcoin.
All the mentioned aspects of bitcoin of how people see it, it's good but that depends on how they go about in their dealings in bitcoin that will define bitcoin in a proper way for them.

Nope, its not! It is what makes Bitcoin became popular with. Though bitcoin should be used as a currency, but it could definitely be both simply because it is very profitable in the long term. Bitcoin is more than just an asset, and just because you have seen majority of the people treat it as an asset  or a store of value doesn't mean it'll eliminate it's main purpose as a currency. There are still a lot of people who uses bitcoin to purchase products and services, transfer money without any borders and limit. Those transactions are actually by passing any 3rd party money processors and banks.

I was taking Bitcoin as an asset before but recently a few months ago I realized my mistake and now I have the same opinion as most of the people here have. It was primarily designed as a P2P medium of exchange and it should need to be always a medium of exchange. There is nothing wrong if anyone wants to invest here by the narrative of the asset. The Original idea has many edges on the asset. The following things might get affected or you might get affected if you consider BTC as Asset;

-Volatility: BTC is known for its volatile nature by declaring it as an asset it will lose its volatility.
-Limited Adoption
-Whales Market Manupaltion will also Boom
-Lack of intrinsic value


 

Currently, in general, it is widely used as a commodity investment asset and is a speculative coin that is widely played by whales. for use as an alternative currency or payment is still not very popular due to regulatory issues. Whatever you want bitcoin to be decentralized, it can't be completely regulated by anyone. Bitcoin remains Bitcoin and will not be like Fiat which is only regulated by the government. Bitcoin keeps growing with the support of the community and because of its limited supply it makes Bitcoin even more scarce

People follow where the money is, and since bitcoin has the ability to pull in a lot of people to invest into it, those who have deep pockets used this opportunity to make money and stimulate the markets into forcing a lot of people to buy it. While bitcoin in itself is a generally good hedge against inflation, I wouldn't bet everything on it, as diversification is still key. Precious metals remain to be sought after since they still have a lot of utility in the modern world. They're still used in a lot of industries and some other industries can't even function well without it.

To put it simply, you can invest in bitcoin, but do not put everything in it and still have something for other assets around.

What is wrong if people make Bitcoin as a digital asset? If you think fluctuation or volatility is bad for Bitcoin as an asset, it is untrue. Even fluctuation or volatility is the advantage of Bitcoin, it makes people earn high profits. You can imagine if Bitcoin has no high fluctuation or volatility, how the price can soar significantly? You misunderstand if you think fluctuation or volatility is a bad thing.

By the way, we can use both as an asset and as a payment tool. But you need to adjust it to the law or regulation in your country. In my country, Bitcoin can use as a digital asset only, it can't be a payment tool. But in other countries, Bitcoin is possible to use as a payment tool.

It is supposed to be an alternative currency to fiat but has certain chracteristics which is advantageous. However, Bitcoin is more beneficial to users as a form of asset or investment. One reason why Bitcoin is not widely being used as a currency is because of its adoption issues concerning countries. Many countries still are not supporting this technology's usage due to taxation and volatility issues.  It is being used as an investment on the other hand 'coz investors are making use of its volatile market price at a higher rate in comparison with other assets such as Gold. If it is a bad thing, I'd say no. People are free to use Bitcoin on any way they would want to. We cannot force people to use Bitcoin as a currency 'coz they'd be at guilt from doing so, missing the opportunity to earn profit especially when market prices goes up.

I created the whole trend for it here where people voiced their opinions. So when I say about opinions I mean people from the trend. And my point is that the fact that Bitcoin is an asset won't allow it to become a new global currency that the majority of people would use. Because it won't be stable enough. It was my whole idea.

In my last thread, I advocated that global adoption won't happen until bitcoin is fluctuating 5% and more every week because people will afraid to use it.

I have no personal opinion on whether Bitcoin is a good or bad asset. But some features of Bitcoin such as unforgeable, secure, not regulated by the government, etc. have been recognized or well known in this environment. However, there are also risks associated with using Bitcoin, including price risk and safety risk. The price of Bitcoin is very volatile, and using Bitcoin also requires users to have knowledge of technology and security to avoid the risk of being scammed or hacked. Therefore, basically, whether Bitcoin is a good or bad asset depends on each person's point of view and purpose of use.

For me have always been an asset. Yeah, it's a great technology and I admire that, but I'm investing money in it to save and get more money back in the future.

Based on what we can consider Bitcoin as bad. If Bitcoin was bad it wouldn't have gained so much popularity worldwide.  Maybe we can't consider this coin as bad because the value of this coin rises. The popularity of this coin is seen by seeing the price rise of this coin. Because if the coin was fixed in any one place then people would not have invested unnecessarily in this coin because the market rises, that is why people understand the opportunity to invest in this coin and those who are good at investment have made a lot of money from this bitcoin by investing in time. Considering these things, no one will ever call bitcoin bad.

Anyone who sees Bitcoin more as an asset (I'm one), of course believes it will continue to fluctuate. It's the fluctuation that majorly gets the attention of people to invest in it. Anyone who argues otherwise aren't true to themselves.

It really doesn't matter what our decision is here on how to treat Bitcoin, the market takes care of that. Honestly, I think Bitcoin is both – asset and technology. Bitcoin is decentralized and can't be under the control of anyone.

You are dead wrong, the whole idea of Bitcoin is not to become a stable digital currency, it's impossible, many people think that the volatile of Bitcoin is the problem, they lack understanding it seems, if Bitcoin doesn't retest old value how will adoption work? Do you think that people will buy something that remain in the same position forever? No, the reason why stable coins prevail is because of Bitcoin and Ethereum, to be able to take advantage of the dips and move money around easily is why stable coins like USDT survives, the devs of USDT should thank Bitcoin, if not, there will be no reason for anyone to buy USDT.

Many people that gets into Bitcoin investment either wants a better life or they want freedom through the decentralized characteristic of Bitcoin, it's users choice to pick a side but who cares? All we want for Bitcoin is better adoption rate and they reason why people make a choice is less of my business.

Bitcoin creates value and also gives unending opportunities to those that already missed out, if you can use the halving cycle to your advantage it's good and if you can't it's left for you, there is nothing in this world that has good value and also gives newer opportunity to those who are once left out, only Bitcoin does this.

All it takes it's for you to be in the right state of mind and try as much as possible to understand Bitcoin, it's like a yin and yang theory, some invested when it's low and sell when it's high, it must not stay at high forever so that other people can benefit again, volatility is the best thing that ever happened to Bitcoin, to me it makes sense and to many it doesn't, that's fine by me.

To be fair, if bitcoin wasn't volatile in the first place and didn't generate the huge returns that made many people millionaires, would we invest in it, and would it become as popular as it is today? I don't think if bitcoin were stable, it would have achieved the success it is today. In my opinion, bitcoin is really more suited as an asset than a currency.

But it should also be added, it has all the characteristics of a currency, so there is nothing wrong with those who use it as a currency. Bitcoin is the world's first currency and payment method that can use cross-border money transfers at low cost, without taking too much time and complicated procedures like today's centralized systems. Bitcoin is a flexible asset, and we can use it as we want and for our purposes.

There's nothing wrong about it, it can be both an asset and a currency.
If you save your money, that is also called an asset. If you save gold necklaces, rings, and bars in your vault, that is called an asset too and it can also be used as means of paying someone about something, a trade or barter or you could pawn or sell it for cash.
Any way an investor wants to think about what he bought is not something we could control anymore. If he/she likes to keep it as an asset, then so be it. Now if he/she have transaction that must be done in daily basis then Bitcoin could also be a good choice for it. I don't think it matter between the two options.

Everything has its positives and negatives. Bitcoin is no exception, Bitcoin has its pros and cons, but if the pros and cons are compared, I think the positives outweigh the negatives. If we can't use something properly then its results are not supposed to be positive. 

There are many investors in Bitcoin who invest without minimum understanding of the market and when they lose their investment due to lack of minimum understanding of the market they spread these negative news about Bitcoin but if investing with certain rules and understanding of the market. If so, I think it is possible to achieve success from Bitcoin.

Agreed. But I still don't understand people that spend their Bitcoin. I don't judge them, but I feel that they are wasting it when they buy coffee or VPN subscriptions with it. On the other hand, we need Bitcoin adoption to attract more people and make BTC more valuable.

As of today I still think that bitcoin is still a great asset to be owned, although I wouldn't recommend doing something reckless such as getting in debt just to invest in bitcoin, but overall it is not that bad to own one. You were also right that it can still be treated as a technology that can offer up infinite possibilities specially in todays age which people are now more inclined to the usage of internet and modern technology. I do believe that the creation of bitcoin and blockchain technology can pave the way to open up more opportunities in the future, not just only in terms of finance but also in different aspects in our modern day.

I'm sure you have collected more information about Bitcoin than I thought, the contents of your post have explained the advantages of Bitcoin technology and you admit Bitcoin is a great asset. Then why are you still doubtful about the potential that Bitcoin generates, I don't want to think any further about Bitcoin. My knowledge of Bitcoin is enough to make me believe in Bitcoin as a store of value for the present and the future.
I feel lucky to live in a time when Bitcoin is developing, I can tell my children and grandchildren about my involvement in Bitcoin investment and how Bitcoin is developing today.

I don't think Bitcoin will ever fully stabilize, but it doesn't mean it can't function as money, and it also doesn't mean it can't be both an asset and a form of money. I didn't come to Bitcoin because of potential gains or the positive hype. I came more out of curiosity for some new type of money that's fully digital and independent. I do believe Bitcoin will continue slowly growing over time, but I'd also gladly have it if it instead somehow froze in value, and we knew it won't ever go up again. But that's not the case, and of course many are drawn to Bitcoin because of it being a good asset.

Bitcoin have various disciplines, it gets to be an investment asset for some people. The same bitcoin is used as trading asset by certain group of people. The object is the same and the usage varies depending upon the people. Bitcoin having the value that fluctuates make it have different form of usage. Bitcoin having good value makes is get used as a form of money. From the fiat currency we've reached the completely technology backed cryptocurrency, where the success relies on the limited supply. In all ways of usage it is good for the users.

Whether you call Bitcoin an asset, a technology, a bank of virtuality, etc. But I wouldn't be wrong to say that Bitcoin is a valuable virtual asset. I will try to explain the matter in terms of the current state of banking system and fiat currency of my country. Banking system in our country is plagued with many problems, inflation is constantly happening here. As a result, in the bank the amount of interest paid by keeping money makes the interest seem negligible due to inflation. So all the conscious citizens in our country who kept money in the bank understood the importance of Bitcoin and started withdrawing money from the bank and investing in Bitcoin. Because investing in Bitcoin will be much more profitable than depositing money in the bank in our country. Moreover, if you invest in Bitcoin, your wealth is under your own control. In this case, government institutions or banks will not be able to control my assets, but even if our country's banking system goes bankrupt, there will be no impact on my bitcoins.

Some people mind's Bitcoin is an assets as their investment at the future with potential raising to higher price, but don't blame with another side Bitcoin is digital payment currencies will make all transaction easy and faster. Indeed not adopt or legal in many countries but Bitcoin can help us how to make transaction payment faster than fiat and why many companies try to adopt bitcoin as their payment way.

Its not mistake when having mindset about is an assets, many people become bitcoin investor because want to earn much profit at the future as their investment assets. But with Bitcoin can adopt for payment currencies and have many advantage than fiat will give another reason about bitcoin is not an assets only but also bitcoin working well when adopting as payment currencies transaction.

Just an asset? what about a currency as its stand by the name?  though many of us threat this as asset yet some are still use this as Currency so why ?
cannot we consider this as Asset at the same thing as currency?

yes, it's true because btc has a fluctuating nature so of course it's very risky so it's true that investing in btc must use idle money, so that means don't use all assets to invest in btc because
of course btc is different from gold.
and I really agree with your words.

Bitcoin is not considered bad by anyone, Bitcoin is considered bad by those who have no knowledge about Bitcoin.Bitcoin is much less than $1 in the first instance from zero to becoming a high demand asset.Currently Bitcoin plays one of the major platforms in the economy. Bitcoin investment is increasing and those who like Bitcoin consider it as an asset. Although cryptocurrency investment is risky but we never recommend investing all assets.Bitcoin makes transactions easier and faster than fiat.  This is why Bitcoin investing is preferred as a fast-paying currency transaction.

Unfortunately, because of bitcoins' unstable price, it won't be accepted as a currency by the majority of people. Yu can say it about gold, but only because it's price doesn't go down or up 10% every week.

Naturally and still normal why this happens. If you want to monitor it, it's easy to see that the excessive hype created by the media has always been led to say that cryptocurrency focuses only on financial gain rather than the technology behind it. One more thing that has always been a hindrance is that many countries have not established clear and protracted regulations, so this creates uncertainty for market participants but, What we need to underline together This does not reflect the entire cryptocurrency industry. Many parties also play a role in developing this innovative solution so that it has a positive impact on various sectors of life.

Thanks you for this. I have not really taking time to find out the different between the Big letter Satoshi and the small letter satoshi. I always use the big letter because the name is proper name (noun). What you done by differentiating these two meaning has helped plenty people. It is now that I remember seeing the short form of satoshi as 21.1 sat/vB. Wow! This is good.

mk4 this capital letter and the lower case B might have confused scholars but thank you very much for making it clear for us to understand. Personally I don't know the differences before, I was just using the two like that. So next time when I am using them, I will use it base on the context needed at the phrase or clause. Noted.

I definitely agree with that, bitcoins positives are 10 times bigger than the negatives and that is why I love it so much. People are focusing on the wrong thing way too much and we should be able to reach out to the single most important thing we possibly could, there is absolutely nothing that would be good or bad at the end of the day.

This is why we believe that we can't have anything that would be bad in the end, it has to be something that we could end up with that results in a good thing if we keep holding it and knowing that there is a good chance we could end up with a good situation. I personally believe that the best thing to do would be a good result and I will keep holding for a long time if I can, as long as possible.

It can be both, OP. Either way it's not that bad at all anyway, there are people in crypto that are purely for storage of their money without involving 3rd party authority.
Why bother banks and their cards when you can just get a wallet of your favorite then store those shiny Bitcoin that you can buy anyway?

Regarding asset part, let people be on how they treat Bitcoin. It's decentralized anyway so no one will dictate one day that it is purely for earning money nor for storage of money. It's to everyone of their own.

This. Nobody cares how Person A uses his/her Bitcoin compared to Person B. Just like not every person that has computer are using it for gaming, some are for production.

Bitcoin is an online asset, this is because you have a value for your BTC owning and every online asset fluctuates, that's where investors make their money. Anything called an asset that is stable is not worth purchasing as it might not give you a reasonable ROI when you need it. This shows that the fluctuation and volatility of Bitcoin are a plus to it, it's you that should know how to study it to know the time to buy it cheap and sell it high.

Still, you should know that no one will have total freedom from the bank, not through Bitcoin as the total supply is even short. This can only push the demand higher and increase the price over time and also ease the overbearing principles and nature of banks.

O think for most of us BTC is an asset, not a currency. I wouldn't want to waste my BTC on coffee, clothes, or something like that. I mean, it definitely can be both, it just depends on perspective.

In summary, bitcoin is bitcoin, and whether it becomes an investment or a currency depends on individual needs. There's nothing wrong with me considering it an investment and nothing wrong with you treating it like a currency, it all depends on one's needs. That's an advantage of bitcoin that no other asset class has, why don't we take full advantage of those advantages? We always debate what bitcoin is. I like to use bitcoin as an investment because of its volatility, but if I can't use fiat for payment, then it would be the solution for me.

First of all, I consider Bitcoin as the currency of freedom. It grants me full control over my funds without any reliance on third parties to hold or control my money. With Bitcoin, I have the ability to remain uncontrolled, untracked, and untaxed, at least for now in my country.

Regarding your point, I share the same opinion as the people you asked and I don't think Bitcoin will ever be stable. Its price has always been fluctuating and it will probably continue to be so because of the enormous demand for it and the constant buying and selling of Bitcoin in the market. This high volatility is normal and it is likely to remain that way given the high price of Bitcoin.

I maintain a neutral stance on this matter. People are entitled to their own perspectives and beliefs about Bitcoin and I do not wish to interfere in between. Some see it as a currency, others see it as a promising investment opportunity and some even consider it a technology that can liberate us from traditional banking systems. I respect people's diverse opinions and choices as long as they do not cause harm to Bitcoin in any way.

For what it's worth, Bitcoin is first a technology and secondly it is an asset. And as an asset, you don't expect it to be stable, and I don't think it was developed to be stable.

Crypto is a form of stock market, why because there are trading going on every single sec, so it shouldn't be surprising to you.

It's not that bad as long as it's not the only asset you have in your life because you can't always rely on it because the short-term investment of bitcoins does not have a high chance of rising its price for the past years you need to wait for long to always get a decent amount of earnings if you wanted for the price to increase. If you decided to keep it as your asset and wanted to hold it for long, then you are on the right track and that's the best thing you could do before the price will spike once most people will migrate their assets and flock to buy bitcoins.

Admittedly, bitcoin's volatility is one barrier that keeps people from accepting it as a currency, but it's not the only cause. I think the main reason is because the government, they are the biggest barrier, they will never recognize any assets that are not under their control as currency. As long as they realize that, no matter how volatile bitcoin is, people will still use it as a currency.

But you also have to agree with me, it may not be the world currency, but it is the best investment due to its volatility. Tell me, what do you enter this market for? You love technology, do you want to spread bitcoin as a currency or for money and profit?

Bitcoin officially cannot be used as a currency like fiat, the reason is that the government doesn't want it because it can't control it and it's also unstable and many other reasons. But that doesn't mean we can't use it individually and we can use it individually with anyone and anywhere or if there are stores that use bitcoin transactions. For example, we want to transact with parties abroad, we have to wait for bank working days and hours to be able to make transactions, and if we use digital currency or bitcoin, we can transact anywhere and anytime safely and quickly. And this method has been used by many people for a long time, and I do it too, even though bitcoin is still illegal in the country where I live, I can still make transactions privately.
and bitcoin can also be used as an asset to store value but especially for the long term, and bitcoin can be used both as an asset and as an alternative means of payment transactions and everyone is free to do it wisely.

Bitcoin is an asset which we can use to grow our business and also use to exchange goods and services without using fiat money. You can buy BTC and store for like 1 or 2 years before you can sell to make profits like the way we buy land to wait for the land to appreciate before we can sell to make a good profits at the moment. It is very okay to treat BTC as an asset, and also treat it like technology because investing on BTC in the community make people to look at you like someone that has future because you just used your money on something that will bring you progress in the future. And we can also treat BTC as a technology we use to eliminate delay in transaction and also make the money safe for future purpose.

It drives me absolutely insane when people simply see and view bitcoin only as a financial asset, and not the breakthrough technology that is a decentralized currency that solved double spending.

Cypherpunks have been trying to create bitcoin for decades, and now it’s here, and should be utilized as currency as often as possible. The more that bitcoin is used as a currency, the more it legitimizes it as an asset, which gives it a major utility.

Those who don’t see it as such simply don’t understand finance overall and why it’s important. Drives me insane.

Right??? I have the same feeling. I've been frustrated for the past week because everything I see points to bitcoin being just an asset to people. But we all know that it was created as the technology, not as a way to earn money and trade.

I don't know how we can fix this problem because it is rooted deep in our community. And the case is, even if a person thinks of a bitcoin as an asset, he should realize that in order for bitcoin to evolve and get adopted, it should be money, not an asset.

I  get where you're coming from. Bitcoin's dual nature as both a technology and an investment asset can be a bit perplexing at times. But you know what they say, "Money talks." The investment aspect has undeniably attracted a lot of attention and fueled its growth. However, I don't think it's necessarily a bad thing. As Bitcoin continues to gain mainstream adoption, its potential for disrupting traditional financial systems becomes more evident. So, while the investment aspect dominates now, it doesn't mean we've lost sight of the original vision. It's all part of the journey!

You should not ignore the technology aspect. Crypto is popular mainly because of the technology offered by blockchain.

Well, the primary purpose of Bitcoin was not to become an investment asset, Satoshi created Bitcoin so that it can be used as a decentralized payment method to make peer-to-peer transactions much cheaper than traditional ways and also having decentralization so that your activities are not being watched by central authorities of where you live.

It has now become an asset as well only because it has got significant success and the price rose too high, so people saw potential in it to earn profits by investing every now and then and that is how it has also become an investment asset.

Indeed, people are always adapting to what is currently happening, so the thing with bitcoin is that it is not fully utilized as a payment for now, so people are really seeing it as an investment rather than as a way of paying goods or services. It is undeniable that there is really a potential in investing in bitcoin specifically so we cannot blame those who took advantage of this. I think taking it as an asset is okay since you are taking advantage of making it as a potential way to earn profit passively when you decide to hold it. Just always know that it is still a risk to invest on this so just invest what you can afford to lose and take good decisions in your investment so you can really earn more or earn at least something from it.

The people that are telling you that are most probably just speculators. They bought Bitcoin, because they heard that there are profit to be made... so they were pulled to it like flies to shit.  ::)

Bitcoin are like any other currency... you can trade currencies like a commodity and you can use it as a currency. (Forex trading) So do not be fooled by idiots that are just here for the "greed" .... a lot of people like myself ..use Bitcoin to buy food and to pay for goods and services. (You just need to find someone that will accept it as a payment option)  ;)

You should not be surprised or disappointed, although bitcoin has not been used as intended by the Satoshi who created it, it has been and is making great benefits for us. We don't need to care too much about what bitcoin is for but care about its benefits, whether it's a currency, it's an asset, as long as it benefits us, that's a remarkable thing. Don't be too rigid when things don't go according to theory or what we know.

Bitcoin has been introduced as another form of currency (digital currency) but it seems to know that it never works that fast and attractive because people are really doubted if it works and have no knowledge about this. But fortunately, it has to find out that it works and gains more attention when people make use of this as an investment- buy, sell, and earn money.
of course, we can say that the majority are considering this as an asset but this time when many establishments are accepting this as a form of payment, it actually changes the insights that is not impossible to consider Bitcoin as currency.

with the presence of bitcoin on this earth, of course I feel happy because the presence of btc has provided many benefits, of course, for people who have successfully invested in btc.

In my opinion, BTC is a good investment asset, because its fluctuating price provides many opportunities to earn profits for those who are interested in investing in BTC and know the science of investing in BTC.

btc can also be used as a digital currency
and now what I know is that many people have started buying and selling transactions of goods such as selling clothes and so on and payments can use bitcoin,
so i think btc is running normally and good.

Yes, bitcoin is being used improperly for the original purpose of Satoshi when creating it. But it can be seen that when it acts as an investment, it has benefited us a lot, and many other people have changed their lives thanks to bitcoin. So what's wrong with bitcoin being in our favor? If bitcoin had not become an investment and used only as a currency, and it would not have achieved the success it is today, not creating much value for society. Is it still good? I think it doesn't matter how bitcoin is used, what matters is how useful it is to us. Whether it's investment assets or currencies, it's all true.

Same here, I also use Bitcoin as a currency, I use it to pay bills and items I ordered online. Though just like anything that has value, I also look at it as an asset, investing in it and holding part of the Bitcoin I bought or earned while spending and trading the other part.  I think that features of Bitcoin should not go to waste instead we should take advantage of it and enjoy the benefits Bitcoin tech has offered.

This is very cool! I like to see people who use Bitcoin how it should be used. Everyone is starting to forget why it was created and everyone already sees it as an asset.
But the problem is, right now bitcoin is not the best currency to use. Unfortunately, as I said earlier, bitcoin is more volatile than USD and EUR so for people it's better to use fiat to pay for everyday stuff because with it you are not risking losing 2-3% of your savings in 1 hour.
How do you deal with it? Do you hold some of your money in bitcoin in order to buy something or you hold all your savings in it?

It's truly remarkable to think that Satoshi never anticipated the incredible heights Bitcoin would reach, particularly in terms of its price. Satoshi's original intention was to establish a decentralized system for borderless transactions, free from the control of intermediaries. However, Bitcoin has evolved far beyond those initial goals. Today, we predominantly view Bitcoin as an investment asset. Nevertheless, this shift isn't necessarily negative, as Bitcoin continues to fulfill its intended purpose. The cryptocurrency has gained immense popularity thanks to its volatility, and its limited supply ensures that stability is no longer a feasible expectation.

I think at the start the people who doubted it had no idea how it worked that's why. You can't just share information and how it works in a single day, so of course it took a while and now there are a lot more people who are supporting it and I think there are a lot of people who love it as well. I understand that some people are doubting it even today, but we can agree that there are a lot less people who doubt it and that is why it is important to remember that it is not going to be that much clear.

I believe that we can't really have a ton of people in the future who will doubt it, we just won't and it is going to be a lot more people who understand the benefits of it and they will all be able to focus on what they can do and how much they can improve.

As long as there is value in crypto currencies they are assets and not only technology. The technology behind cryptos is what lead to them become assets in the first place. One Bitcoin is limited in supply and you know exactly how much you own in your wallet and that there can't be millions more discovered overnight, that is why it's an asset. People are willing to pay fiat money for it as they see the long term value behind it. Everything that can be traded freely on an exchange by millions of people can be affected by a hype, which shouldn’t be a big concerned for the long term investor. We all know that crypto currencies like most other assets move in cycles, which also means that a hype is not going to be permanent and will eventually be reverted. The best thing we as investors can do is not focus on the short term price swings and stick to the long term positive trend.

Bitcoin goes flat, people hate it. Bitcoin become volatile, people hate it. Some people will complain no matter what. Bitcoin don't care. The network will work tomorrow just like it did yesterday. That's the most important thing that matters. You may get rich from bitcoin. Some people lost a great deal of money too. We don't usually hear about them.

You don't necessarily have to choose the investment play (otr the tech) over the other. You can always do both.

Lots of businesses accept bitcoin as a form of payment and some of them don't even hold any crypto. They immediately dump their coins for the USD. Can you say these people aren't using crypto or not benefiting from it?

Some people see Bitcoin as a currency, and we are all ok about it.
Some people see Bitcoin as an asset, and we are all ok about it.
Some people see Bitcoin as a scam coin, and we are all ok about it.
Some people see Bitcoin as a new technology, and we are ok about it.

I guess people are ok in whatever the way Bitcoin be treated with. People look Bitcoin as an asset, and we are all ok with it, and in fact there are some like me who see it as both an asset, and a currency. People treat it as an asset that's why people are gaining from it, and at the same time, they treat as a currency that's why we're seeing more and more establishments accepting Bitcoin as another mode of payment.

A growing number of people are interested in investing in Bitcoin, a virtual currency. I believe that Bitcoin is an asset that will continue to be valuable in the future. Because Bitcoin has a promising future, investors use it as an asset. In the modern world, many people possess virtual currencies, and most institutions maintain money in their vaults. Since Bitcoin will become an asset, I believe it is preferable to invest in it than to keep it in the bank. Additionally, investing in Bitcoin gives people much more independence than doing so with banks. Therefore, in my opinion, Bitcoin is similar to an asset and will eventually reflect life.

Bitcoin been treated as an asset isn't bad, Bitcoin has helped lots of individual ti get financial freedom and only assets can do that as they give you a good return of investment when you invest in them just as Bitcoin is doing. Bitcoin is also a technology and it's growing steadily on that areasl as well but it's just that Bitcoin been an assets is what is making it popular.

When people invest in Bitcoin, they can learn other things that bitcoin can be used for example, having an anonymous transaction without been traced. We have other benefits like having a faster and heaper transaction but the high transaction fees is now a problem.

Dear Op, i think you have taken the wrong idea about the BTC origin. Because back in 2008 there was a financial crisis all over the world and people who have stored their money in valuable assets at that time has lost there value and inflation was high. Why? All of that happens because the centralized authorities were unable to fulfill their promises and ** up.

i don't know if you are a Millennial or Gen-Z, but you must read about BTC origin (https://medium.com/@noogin/the-financial-crisis-and-history-of-bitcoin-27ebdb932b99#:~:text=Bitcoin%20was%20invented%20in%20the,the%20expense%20of%20their%20taxpayers.) so that you have the right idea about BTC and why it was made.

Yes, BTC was there to give people both Financial freedom and freedom from the Banking crisis so that next time when things go south, it can be dealt with BTC. Currently, there is a situation that has created a fud that another banking crisis is going to come, and many of the top-ranking banks have been bankrupted which has caused other regional banks to bankrupt. The US is facing many issues like the Debt ceiling, and the inflation of the US dollar. despite of these, there is still a fear of a banking crisis which will again make people's assets value-less. That's why many of the BTC enthusiasts and financial figures have adopted BTC and accumulated it to store their money. You might have heard that Validus Power corp has declared BTC as n hard assets -->[NEWS] Bitcoin Provides Insurance Against Fiat Currency Failure (https://bitcointalk.org/index.php?topic=5451896.msg62269541#msg62269541)

which indicates that taking BTC only as technology is not worth it but getting financial freedom by earning from it is worth more. Many Gen-Z has managed to become a millionaire in there early age. Why? That does not matter why the thing that matters is BTC has provided a way for poor ones to become rich a second chance so that they can also grow and keep up their pace according to the high prices. So overall, BTC is an asset and considering it one is not a bad idea.

Bitcoin is an asset. I wouldn't consider it bad at all. Because Bitcoin is a trusted, convenient and profitable cryptocurrency. Bitcoin has now become the best asset in the highest demand for everyone. Bitcoin price has become the highest valued coin in the entire crypto currency world. This proves how worthy Bitcoin is. Since Bitcoin has a peer-to-peer system, every Bitcoiner is the true owner of their Bitcoin. Their wealth will remain with them. Money will be received by the person you want to send money to very safely and quickly without the need of any third party. All Bitcoin processing takes place in a highly secure manner. As a result, there is no possibility of fraud in Bitcoin. And for these reasons Bitcoin is an asset. I would never consider it a bad thing.

But how our community sees bitcoins' future then?

If it's an asset, it can't become the currency that will be used by many people.
If it's a currency, then why do we okay with everyone trading it like crazy causing these fluctuations?

I understand that everyone is using Bitcoin how they want to, I'm okay with that, but what is the idea of Bitcoin right now?
Is it a way to get rich quickly or is it a technology to break free from the government?

From what I see, people see and treat it like the asses while government trying to find a way to take away bitcoins features from us with all these KYC and regulations.

It looks like we want to kill two birds with one stone and I don't think it's gonna work.

Bitcoin is an asset. It is also a currency. We should see it as both. For now, Bitcoin is too volatile to be a currency. Even now with the high network fee, it is almost impossible to use Bitcoin as a means of payment for relatively small transactions. It's too unstable for now. But saying it will never be stable enough is what I don't agree with. Bitcoin will get stable with more adoption. 
Bitcoin constantly fluctuating is not a bad thing, every single fiat fluctuates. It's volatility that is the problem.

It depends on how we see it individually. It could be good and profitable for others while some only see it as full of risk and disappointments. But if you are highly knowledgeable and has lot of experiences in crypto, you will know and realized that bitcoin as an asset brings a lot of potentials and positivity in life. And it could give us a breakthrough and create life changing decisions in our life once we are motivated with bitcoin.

yes, bitcoin is a great asset. But to overthrow the current banks like Fee is a big problem

That is the problem. It can't overthrow banks if we just see it as an asset because people won't use it like people use banking system.

Bitcoin developers has provided a solution for the high fees and the small transaction issues. You can send Bitcoin using the lightening network and it'll be confirmed very fast, with the lightening network you can buy your coffee and not be worried about paying high fees for the transaction to be confirmed. Lightening network has been around for some time now but hasn't received much adoption yet.

If we can increase the adoption of lightening network by most business then we can achieve full adoption of Bitcoin without having to worry about high fees and slow confirmation rate and with this Bitcoin can be used as more of a currency but it'll always be an asset.

But bitcoin is not responsible for toppling banks, and do you think the government will allow that to happen? As long as they feel bitcoin really harms the bank, we won't see bitcoin any more soon. Don't think bitcoin is decentralized they can't do anything, they can erase the whole earth if they want, then bitcoin is nothing to them. But bitcoin was not created to replace or destroy banks, it is an alternative, and they have the right to accept it or not.

Currently people have gained a good knowledge about Bitcoin and if this trend continues in the future Bitcoin will be able to overtake any other financial institutions. As of lately Bitcoin has occupied a positive place in the whole world. Many people in the world now think Bitcoin as a bank. Confidence in the banking sector is falling while rising in Bitcoin. People are slowly getting educated and moving forward in Bitcoin education. I believe Bitcoin will be officially legalized in many countries in the next few years. We are already seeing how El Salvador is moving forward with Bitcoin legalization. Bitcoin is playing a big role for the development of that country. Many people may not have known this country before, but now they are dreaming of building big companies in this country. Its essence is to provide sufficient facilities in all matters, by having only positive trust in Bitcoin.

You need to know one thing that the government is behind running the banks and if people are slowly turning to bitcoin and giving up banking. What would make you think the government will legalize bitcoin more in the future when it harms them more? I'm a bitcoin investor and love it, but the reality is the banks in the US are in turmoil, but the world banking industry is fine right now, and people continue to believe in it.
One more thing bitcoin is a better alternative than spreading it will be a replacement for the bank, war with the banks or government has never been in our favor.
As for El Salvador, I'm not saying they failed, but we haven't seen them grow since accepting bitcoin as legal tender, and they're just a small country, nobody will care, and they don't affect the world economy.

Yes, that's my point. It's obvious that government will do anything to spot bitcoin from becoming a currency. That's why they can even use this trend to say "yes guys, bitcoin is an asset and you can trade it, but we will tax it. But you won't use it as a currency". And it looks like the majority of people will be happy with that because everyone just ignores bitcoin being a currency.

That's why it's literally our fight against governments at this point and out community should protect bitcoin at all costs. But right now I don't really see that people care that bitcoin is in danger.