BTC is not used for what is meant to be, possible Crash

[freebutcaged]

Don't worry because people are using, trading Bitcoin on a daily basis no matter what the price is what so ever, stop FUDing and no there will be no crash.

Look at Satoshi's coins, he is holding them for 7 years and not only Bitcoin didn't crash but it grew stronger.

Go a head and be disappointed and spread negative about it but truth is something else, you want to buy cheap coins and trying to convince people into selling, dumping.

When I sell my 1BTC for $2700 then I'll put another order for $2900 and wont sell under any circumstances, that's how I believe and trust Bitcoin.

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[DrGuns4Hands]

Did you know about what you're talking to? Bitcoin is bitcoin. It's used for what is meant to be. Many of the users keep holding there bitcoin because they know what they earn in cryptocurrency. Others sell high there BTC then regret after. Bitcoin is not only a currency. Bitcoin is future 

[btc_angela]

I am worry about that BTC is not being used for the porpouse of is creation, that is being used as a currency, instead is being used as an investment, and is going to crash if is just saved and not used, so the BTC will crash to zero very soon if that does´t change soon.

I don't get it. People are using bitcoin as a currency or commodity before being used as an investment who saw the good potential to profit big money.

And you are saying it is going to crash it we don't used it? How? The price will continue to rise and going to 0 is impossible. I would advise you to buy bitcoin and accumulate it overtime, instead of creating FUD here. Well community members here are matured enough and will not listen to this kind of lies you are insinuating here.

[Wind_FURY]

I don't get why people why people are so concerned with what other people do with their own personal bitcoins (or any money for that matter). Bitcoin doesn't care what people do with it. I certainly don't care what other people do or don't do with their bitcoin/money. Why worry over something you have no say or control over? Just take care of your own shit and let other people worry about theirs. If bitcoins crashes, it crashes.

Do not take everything seriously we are only talking and discussing here. We do not necessarily want to impose our beliefs and our opinions on others. This is a forum, anything will be discussed including the less interesting and the slightly boring.

[Kotone]

Why to need to worry with bitcoin as long as bitcoin has a user it will never crash and it will never disappear like bubble I fear for my bitcoins too but when you keep faith in bitcoin everything will be alright. I'm happy what ever the bitcoin price is as long as bitcoin is still kicking and can be usefull all around.

[Wind_FURY]

even if its somewhat true, its true for every alt to a much higher degree.. so whatever.

But it is true. It does not mean that something is in a situation much worse the yours, does not mean your situation is not bad. It also is, and Bitcoin is in a truly bad situation. Now there is someone trying to bring the big BTC businesses together to do a debatable hard fork.

[ladydark]

I am worry about that BTC is not being used for the porpouse of is creation, that is being used as a currency, instead is being used as an investment, and is going to crash if is just saved and not used, so the BTC will crash to zero very soon if that does´t change soon.

I don't know but I have to disagree. If Bitcoin is used in a daily basis just like a typical currency/fiat, would you think that the price of bitcoin will reach the price just like $2000+? No. People treating bitcoin as investment is the reason why we are experiencing this sky high bitcoin price. They hold their btc which adds to the scarcity of bitcoin in the market. Thus, decreasing supply vs. increasing demand leads to what we are seeing today in the price of bitcoin.

Absolutely,treating bitcoin as an investment has made its price to rise above $2000 and if it was treated as a currency,there would had not been this much demand for bitcoins and it would had not got this much attention world wide.

[rickadone]

I am worry about that BTC is not being used for the porpouse of is creation, that is being used as a currency, instead is being used as an investment, and is going to crash if is just saved and not used, so the BTC will crash to zero very soon if that does´t change soon.

Who told you bitcoin was not created to store the values ?
Everyone basically want their inventions to serve multiple purposes hence Mr. Satoshi also must have preferred his bitcoins to be used as currency as well as investments. As long as has some adopters for saving it, we never need to worry it will be crashed to zero.

The purpose of bitcoin to be used is never a significant to identify whether it will reach zero or not. Getting used is more than enough reason for not reaching zero, agreed ?

[Bitmore]

I am worry about that BTC is not being used for the porpouse of is creation, that is being used as a currency, instead is being used as an investment, and is going to crash if is just saved and not used, so the BTC will crash to zero very soon if that does´t change soon.

If being used as a currency is important, and I am not sure that it is, then we have to get rid of the double taxation involved with using it as a currency.

How on Gods green earth am I suppose to keep track of every transaction and payment I use Bitcoin to pay for and then pay capital gains taxes on the difference between the Bitcoin purchase price I paid for the Bitcoin and "selling" price at the point of me paying some bill with it? (Which is also a different rate depending on how much you make and if you owned that Bitcoin for more than a year)  That is a book keeping nightmare, and technically the IRS (in the US) could come after you for every transaction, even that latte you paid for with Bitcoin at that coffee shop...

Now I doubt the IRS will waste their time for the small amount of capital gains with your single half decaf double shot caramel latte with sprinkles at the coffee shop, but if you do enough transactions such that it totals thousands of dollars in potential tax revenue I wouldn't want to be in that position.  And THAT is why I don't use Bitcoin to pay for anything, which I could (my satellite tv provider Dish offers to let me pay my monthly bill on line in Bitcoin).  

The bottom line is that Bitcoin is not a currency in the US.  It is a commodity.

Until the taxation issue is resolved I only BUY and HODL.

[South Park]

I am worry about that BTC is not being used for the porpouse of is creation, that is being used as a currency, instead is being used as an investment, and is going to crash if is just saved and not used, so the BTC will crash to zero very soon if that does´t change soon.

One purpose of a currency, that people forgot thanks to fiat, is to be a store of value, now, while the value of bitcoin swings the truth is that if you bought months a year or several years ago then you got profits out of it, so bitcoin is a fantastic store of value, bitcoin is doing exactly what it should do.

[Zinkin]

Don't worry because people are using, trading Bitcoin on a daily basis no matter what the price is what so ever, stop FUDing and no there will be no crash.

Look at Satoshi's coins, he is holding them for 7 years and not only Bitcoin didn't crash but it grew stronger.

Go a head and be disappointed and spread negative about it but truth is something else, you want to buy cheap coins and trying to convince people into selling, dumping.

When I sell my 1BTC for $2700 then I'll put another order for $2900 and wont sell under any circumstances, that's how I believe and trust Bitcoin.

That is a very optimistic opinion. But just don't get ahead of yourself we may never know its future though.

I also have an optimistic information, Bitcoin is starting to get accepted by few countries also letting it to be one of their currencies.

Setting that aside, I think what the author was worried about is, do we really use Bitcoin only in legal basis? Since it is decentralize - no system is holding it, they can also to illegal transactions that could ruin the name of the Bitcoin and it could be the reason to shut it down.