I understand and I agree that it's a price bitcoin is paying for becoming a currency. But it is worth it if in the end every bitcoin transaction will be fully regulated, you can't buy it without KYC and they probably will make us send/receive it through their channels to analyze transactions.

And secondly, what is the point of adoption if people think of bitcoin as an asset and will just trade it causing fluctuations that will make it impossible to use it as a payment method?
just imagine that business that accepts bitcoin will be recalculating the price multiple times a day because bitcoin has moved 2-5%.

Fully agree with you! It's a tragedy what is happening to Bitcoin right now and it's even sadder to see that our community is promoting this narrative that simply destroys the idea of Bitcoin.
I don't like conspiracies but it seems like the government is using this "BTC is an asset narrative" as well so people could forget about the true mission of Bitcoin.

And Bitcoin is a true savior, because, as you said, inflation is killing fiat. And it's happening bitcoin governments control the supply of fiat and they rather print it nonstop and then say "Inflation is not our fault". And it's sad that government can ruin Bitcoin as well with their regulations and this narrative.

But I think we should stay positive, because bitcoin is still young and strong and there is a long way ahead of it!

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?

Everything can be manipulated. But I think bitcoin is safer in this way, because of its popularity, it's widely distributed across a lot of people in the world. Even if someone is holding a lot of BTC and will dump it to manipulate the price, it won't be THAT scary. The hardest hit bitcoin saw was a Chinese ban, but in that case, the entire country sold its BTC and crypto. But even after that bitcoin recovered and went up.

Yes! It sounds simple, but in fact, it is the hardest part. You never know when bitcoin reached its peak or hit the button so it's always a guessing game. And moreover, considering that bitcoin like any asset can go down because of the FUD, it's getting even harder to find a perfect moment to buy or sell. That's why we have DCA to solve this problem.

This is a great tactics. You never know when bitcoin will go up or down so the best way to "catch" it in a good position is to DCA or hold some cash to buy bitcoin if needed.

And I think we are losing the purity of Bitcoin right now. It looks like the government wants to destroy everything that makes Bitcoin a Bitcoin. They want to tax it, they want everyone KYCd, they ban mixers and they create trouble for companies or people who use bitcoin.

Hello everyone. I don't want to sound pessimistic, but it looks like bitcoins ideas are dying.

I spend a week on this forum talking with people about Bitcoin and asking their opinions in threads. And I came to the conclusion that the whole idea of Bitcoin is being killed in front of our eyes.

The problem is that most of the people in crypto see Bitcoin as an asset like a stock to invest in and then sell later. No one even thinking about the future of Bitcoin as means of currency. Bitcoin was created NOT as an asset, we use it as one, it was created to solve a banking problem and create money of freedom that can't be faked and printed. And somehow people are literally forgotten about this whole point of Bitcoin.

I created a thread asking people what they think bitcoin will stabilize enough to become a currency for people to use and literally everyone said to me that it's an asset and it will never stabilize. And, don't get me wrong, sounds logical and I agree with that.
But if we treat Bitcoin like this, why are we waiting for the "mass adoption" and want businesses to accept Bitcoin that is not stable in any means to use it as a currency?

Another big problem is that everything in crypto spaces becomes centralized. Recently I tried to sell my crypto without KYC and I didn't find any good platforms to do it! Just think about it...nowadays you need to pass KYC to sell crypto without high fees. That's crazy.

Almost all platforms and even some wallets require your ID which is the opposite of anonymity. And because of that there are fewer and fewer platforms that offer you services without KYC and therefore because there are not many of them here they hike up their fees to the sky.

 Add to that the fact that even wallets are not safe. Ledger literally offered people to save their seed phrase in the cloud. The mere fact that they CAN take your seed phrase and upload it somewhere is a reason to never use ledger anymore.

So considering all this, it looks like crypto right now is moving to centralization and control over our funds. Bitcoin is just an asset to people and I don't see how everyone can use it as a currency.
That's why I think that bitcoin Ideas are dying.

But why will it become stable in the future? People won't just stop trading it. More people will invest in it, more people will short it etc. And I don't see that this trend will change any time soon. That's why I don't see bitcoin as a payment method in the future.

That's why I stopped using Ledger. It's literally the opposite of what crypto should be. And it's sad where this is all going. It feels like soon all exchanges and wallets will be centralized and there will be no more freedom and anonymity.

So for everyone who is using Ledger and thinks that this update won't touch you, just know that this means that Ledger HAS the technology to KNOW your seed phrase. It means it saves it somewhere and can back it up even without your agreement if needed.

You see, the problem is, bitcoin WAS created as a technology, as a solution to the banking problem. it wasn't created as an asset. It's people like you who want to make money out of it and think that it's just another stock to invest in.

But it's not true. Bitcoin, in its nature, is a revolutionary technology that can be used to change the world and the banking system as we know it. But somehow people just ignore it and want to make a quick buck and keep holding their money in the bank letting it control them.

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.

The decoupling of bitcoin from the stock market is usually an exception. If you take NASDAQ and bitcoin charts, you will see that they usually move in the same direction. They have some differences overall, but they are both an assets so the same rules apply for both of them like if the economy is getting worse, there are less people that will buy bitcoin and stocks.

Then why bitcoin maxis are saying that the "mass adoption is coming"?
it doesn't make any sense. Everyone with whom I speak on this forum says that they see bitcoin as an asset and not currency, but at the same time, people are waiting for businesses to start accepting bitcoin as a payment method.
This contradiction is relly strange to me.

But we can still use some signals because bitcoin still follows the stock market and people use it like an asset. It's not like it's moving down and up magically, but because people are buying and selling it all the time depending on the signals they see or market trends.

That's the problem. Out community sees bitcoin as an asset, not an anonymous currency that you can use/hold to get rid of the banking system.
So now it feels like everyone sees it only as an asset, but at the same time they expect people to use and adopt bitcoin for their businesses. But there is not point for people to use it like this if it will flactuate like this.

Do you think it will work?
it's not very convenient to hold your money in a currency that can fluctuate 5% a day. After some time, you would probably come back to a more stable currency.
I even created a topic about bitcoin being currency and it doesn't look like people want it to be one.

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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.

This sounds like A LOT. It's good to see that more and more people (especially in poor countries) are using crypto. I think crypto save lives of people who can't use their currency because of inflation.

But I don't know what crypto they are using. The problem is, it's probably not bitcoin. Because right now it's fluctuation pretty hard to for some people it's not really safe to hold their savings in BTC.