why I'm not believing in bitcoin as currency

[Walrus1]

I like it for the tech and possibilities. Yes it's treated like a commodity now perhaps it will stay that way perhaps it will change. Currencies are traded like commodities. The idea of Bitcoin is much cooler than it what it has become. I do think one of these, be it btc, eth or ltc will eventually be used as currency. For now I want to see where it goes. As far as it being an investment yes, I do invest in it, but I invest like I invest in Apple, not just for value but I beleive they can do great things in the future. I stay away from those pump and dump alts, they really twisted the idea of btc. Anyway I get your points it's not like they don't have validity

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[flippener]

It's funny how people come out of the woodwork and say they no longer believe in Bitcoin, now that it's popular and is starting to be used by everyone as it was originally intended. Were they only interested in it when it was only them and their friends who knew about it?

[toresto]

I like it for the tech and possibilities. Yes it's treated like a commodity now perhaps it will stay that way perhaps it will change. Currencies are traded like commodities. The idea of Bitcoin is much cooler than it what it has become. I do think one of these, be it btc, eth or ltc will eventually be used as currency. For now I want to see where it goes. As far as it being an investment yes, I do invest in it, but I invest like I invest in Apple, not just for value but I beleive they can do great things in the future. I stay away from those pump and dump alts, they really twisted the idea of btc. Anyway I get your points it's not like they don't have validity

I hope people will understand that bitcoin is much more than an opportunity to invest, first, it's currency than technology that trying to deliver something and to do something
and then they invest but with huge different, no empty promises but knowing why to invest in bitcoin.

and not just invest it's a huge gain you can earn 50% it will go up without really explaining why.

[toresto]

It's funny how people come out of the woodwork and say they no longer believe in Bitcoin, now that it's popular and is starting to be used by everyone as it was originally intended. Were they only interested in it when it was only them and their friends who knew about it?

but investing in something no matter if this bitcoin or another crypto without knowing why it grows up, don't you think is pointless invest in the air?

when you ask people should you invest what they say??

yes but if you ask why bitcoin, besides  answering it will make you rich or it will go back to 20,000
nothing to confirm that.

and yes I not looking at bitcoin as a currency of the future or anything like that as I used in 2011-12
I look at it as investment just like others and that what Grinds My Gears.

[Mike Mayor]

Moan moan moan moan moan. That's all I read. Noone saying what's good about Bitcoin and noone seems to appreciate it. Humans are great at pointing problems out and moaning but not too good at solving them. I use Bitcoin very often and the fees are fine. If you want bitcoin to do well and used as it should be then lead by example and actually start spending some and stop using Fiat so much.  Stop relying on fiat people. Fiat is the devil's work!!!

[toresto]

Moan moan moan moan moan. That's all I read. Noone saying what's good about Bitcoin and noone seems to appreciate it. Humans are great at pointing problems out and moaning but not too good at solving them. I use Bitcoin very often and the fees are fine. If you want bitcoin to do well and used as it should be then lead by example and actually start spending some and stop using Fiat so much.  Stop relying on fiat people. Fiat is the devil's work!!!

yes fiat is devil and bitcoin was developed to replace this devil and not only investment opportunity

and yes no one saying what good about bitcoin only invest invest invest

in 2012 i was fighting with people trying to explain why bitcoin and what good in bitcoin and how it's going to change the world today useless people
tackling me without understanding that i not hating bitcoin it just sucks what people made from bitcoin it's supposed to be money, not only asset to hold
and invest because the price will go up

[alyssa85]

It's funny how people come out of the woodwork and say they no longer believe in Bitcoin, now that it's popular and is starting to be used by everyone as it was originally intended. Were they only interested in it when it was only them and their friends who knew about it?

It's not being used as originally intended. It's just being speculated. A lot of hard won adoption from the 2013-2015 era has been rolled back (Microsoft no longer accepts Bitcoin, neither does Dell, Steam and others). The remittance industry has switched from using Bitcoin to using Bitshares. The dark markets have switched from using Bitcoin to using Monero.

A lot of adoption of other coins is happening - but bitcoin is going backwards. Apart from in speculation - there it is the #1.

[boakyei]

A currency is a medium of exchange or store of value. Bitcoins do perform all this functions, and it has every futures that a currency possess, the only difference is that it is digital and electronic.

[Arngrim]

Well said, I really loved it.
It is not FUD. It is the truth you are trying to say here.
I hope this could open the minds of those who are just here to have knowledge about bitcoin. About the truth. It cannot be just invest and all about money.
There should be a good purpose in the future and that should also be the aim.
For now, I am giving it some time. Maybe it will change. Maybe they will see that someday.
All maybe's but the good thing is I dont lose hope.

[maaydin]

the points you have mentioned are totally right in my perspective and even people who have not any education say that btc will hit 100k without even knowing what they are investing to, it makes nonsense to me as well when I hear those things even though btc has that potential.

[Ozero]

For the development of the crypto currency as an absolutely new type of financial relations, about ten years, this is very small. This is a completely new phenomenon that we have never met in the history of mankind. So why wonder if bitcoin now has temporary difficulties with scalability. This only indicates that initially the developers did not expect such an interest in it. It's the opposite in its kind of victory. It's just a problem to be solved. and maybe it will be solved by the introduction into the bitcoin of the lightning network or even by its more perfect analog, called a phantom.

[toresto]

Well said, I really loved it.
It is not FUD. It is the truth you are trying to say here.
I hope this could open the minds of those who are just here to have knowledge about bitcoin. About the truth. It cannot be just invest and all about money.
There should be a good purpose in the future and that should also be the aim.
For now, I am giving it some time. Maybe it will change. Maybe they will see that someday.
All maybe's but the good thing is I dont lose hope.

thank you, few but at least some people do understand what this post is all about.

but there is always a hope, just being realistic.

[toresto]

For the development of the crypto currency as an absolutely new type of financial relations, about ten years, this is very small. This is a completely new phenomenon that we have never met in the history of mankind. So why wonder if bitcoin now has temporary difficulties with scalability. This only indicates that initially the developers did not expect such an interest in it. It's the opposite in its kind of victory. It's just a problem to be solved. and maybe it will be solved by the introduction into the bitcoin of the lightning network or even by its more perfect analog, called a phantom.

the problem is not with the LIght network but how people look at bitcoin--> only a momentum for investing and nothing else

[angaper]

I believe that, on the contrary, at this moment we are in one of the best scenarios that nobody ever imagined for bitcoin: a team of developers committed to giving true functionality to bitcoin as cryptocurrency (at this moment I am transferring bitcoins from my favorite wallet for only 1000 satoshis of fee), many governments in the world discussing about the possibility of regulating its use to get it out of the dark, big business projects developing with blockchain technology, and institutional investment funds interested in bitcoin . I believe that bitcoin still has a lot to offer to the global economy, but you have the right to give up this magnificent opportunity.

[toresto]

I believe that, on the contrary, at this moment we are in one of the best scenarios that nobody ever imagined for bitcoin: a team of developers committed to giving true functionality to bitcoin as cryptocurrency (at this moment I am transferring bitcoins from my favorite wallet for only 1000 satoshis of fee), many governments in the world discussing about the possibility of regulating its use to get it out of the dark, big business projects developing with blockchain technology, and institutional investment funds interested in bitcoin . I believe that bitcoin still has a lot to offer to the global economy, but you have the right to give up this magnificent opportunity.

people look at bitcoin as a way to gain from 100$  to 5M and not as a payment method.

I said not believe in bitcoin as money anymore, but you can invest and gain but it's just investing without knowing in what an why

[rodskee]

if you are not believing in bitcoin as digital cryptocurrency why  are you  here and you asking on that question you are the only can answer to yourself why your believing in crypto sorry do not offended. we should all know the cunrently real money, paper money or fiat money anything what is the right called for there are not easy to remove in the circulation of world currency. on more reason why world banker hate crypto because have possile to closed bank because of digital currency, digital currency treated as a bank the online wallet system. so if you are convince to belive crypto thats your choice.

[toresto]

if you are not believing in bitcoin as digital cryptocurrency why  are you  here and you asking on that question you are the only can answer to yourself why your believing in crypto sorry do not offended. we should all know the cunrently real money, paper money or fiat money anything what is the right called for there are not easy to remove in the circulation of world currency. on more reason why world banker hate crypto because have possile to closed bank because of digital currency, digital currency treated as a bank the online wallet system. so if you are convince to belive crypto thats your choice.

this is useless probably people that in bitcoin after 2015-2016 and an especially 2017 look at it as an investment and only as an investment

90% of people here that holding bitcoin they only holding it and not bought to use it

this is what makes all the difference, you got your bitcoins for daily use?? or to hold it and cash out when the moment is right!

i pretty sure that you just hold your coins, and not planning to use them.

most of you tackle me and defend  bitcoin
but not in the way i used to do in 2011

bitcoin is much more than investment

and i here because i believe in crypto  and in bitcoin but not   what people made from bitcoin and how they look at bitcoin (only as investment)

[Skyrah2008]

Don't look it as an investment. Cryptocurrencies is the future of online payments and currency. We can not handle them but the value of this digital currency will surpass what it's current value of fiat. Just believe on technology.

[#dhabitamartha]

I can only work well to let it be worth following but I'm sure someday bitcoin will dominate the world market and could change the dollar as it gets bigger and more and more innovative technology will make it easier for people in transactions and do not have to swap currencies from the country seems old-fashioned and will even better if we can use virtual currency anywhere

[Yesolo]

BUT WHY??
you just saying the same thing as other its a good "investment"
to invest you just saying you will get 50% but why? can you justify your words?

maybe in the future bitcoin will lunch an aircraft or maybe some country will declare it as their currency

besides saying you will gain 50 or 100%  more do you say to people
"it's decentralized" "more shops will accept it to keep it"
soon everyone will use bitcoin this was the words I used to convince people to use bitcoin in 2011-2012

this was the point of my post people look at bitcoin only as a momentum to invest it becomes "casino chips" you just hold to cash out

but no one can really justify their words and explain why to invest in this "bitcoin"

Any prediction about the value of BTC is just an expectation of the predictor... including yours... and it has a probability of 50% to be true The basis of my opinion is that BTC/USD trend is still upward in weeks. That is why I am sure the more auditory it will attract the higher value of the BTC we have. And we will see new muximums. Then, when there will be no more newcomers (even my grandma) the trend turns downward and perhaps you will get what you want

BTW if any country will declare that BTC is the official currency of the country it means that there is no such country