Bitcoin is not intended to be a stock. Blockchain has nothing to do with price

[Beerwizzard]

Manipulators are everywhere. They are in the stock market, they are in the hedge funds, they are in the venture capital companies, almost everywhere in the financial system. Probably they are big in numbers in the crypto market because there is no regulator, so we often fall pray to their tactics! But that's how it is and we should be accepting it the way it is. There's no way we can cut them from the system. But that doesn't make the fundamentals of bitcoin, flawed! Watch what you are saying!

Market manipulation can't be stopped only by regulations.
The market should be mature enough to become free. If we got a huge daily trading volume then it will require more money to make pumps and dumps. Now many altcoins can be pumped /dumped just by a single person trying to sell his altcoin savings.

[gabmen]

Manipulators are everywhere. They are in the stock market, they are in the hedge funds, they are in the venture capital companies, almost everywhere in the financial system. Probably they are big in numbers in the crypto market because there is no regulator, so we often fall pray to their tactics! But that's how it is and we should be accepting it the way it is. There's no way we can cut them from the system. But that doesn't make the fundamentals of bitcoin, flawed! Watch what you are saying!

Market manipulation can't be stopped only by regulations.
The market should be mature enough to become free. If we got a huge daily trading volume then it will require more money to make pumps and dumps. Now many altcoins can be pumped /dumped just by a single person trying to sell his altcoin savings.

Right. 10 years is pretty short for any market to mature so we're likely still infancy. At this point though you can't avoid people treating it as a stock since the market's volatility makes it act like one. Btc and every other altcoins in the market. Though eventually i think we can come to a time where we can see bitcoin closer to being  transactional option that a stock share.

[pawanjain]

You are absolutely right mate. Bitcoin is not being used as a technology but is being used as an asset. There are a lot of speculators in the market now.
We can say that the majority dominance in the crypto community is filled with speculators. Well it's not bad because bitcoin is growing eventually.
But the fact that Bitcoin is not being used as a currency and is being used as an asset/stock to trade in the market.
I guess when wide adoption of bitcoin takes place and there are large number of stores accepting bitcoin then BTC will be used more as a currency  and less as an asset.

[Eugenar]

Guys, Bitcoin is fundamentally flawed, we all know this yet we keep focusing on the price. Bitcoin was intended to be a p2p, cutting out the middle man, yet we treat it like a stock. If Bitcoin were to be a reporting company by god knows how, it'd have to file for reports, 10k's,  quarterly, anually, the whole 9 if you're familiar with the financial realm.
Bitcoin is not a fraud, it's the individuals (smart money/wall st) manipulating it for the greed of money.

Bitcoin was created for the sole reason of making transactions faster by eliminating third parties. But things always change. Bitcoin as asset may oppose its original cause but it also achieve a lot more than many have imagined. And it seems like it is bound to happen since it peaked in popularity just like what happened in every trends nowadays. Capitalism bears both good and bad in the society but as long as it is working, it won't disappear soon.

[Pursuer]

Manipulators are everywhere. They are in the stock market, they are in the hedge funds, they are in the venture capital companies, almost everywhere in the financial system. Probably they are big in numbers in the crypto market because there is no regulator, so we often fall pray to their tactics! But that's how it is and we should be accepting it the way it is. There's no way we can cut them from the system. But that doesn't make the fundamentals of bitcoin, flawed! Watch what you are saying!

Market manipulation can't be stopped only by regulations.
The market should be mature enough to become free. If we got a huge daily trading volume then it will require more money to make pumps and dumps. Now many altcoins can be pumped /dumped just by a single person trying to sell his altcoin savings.

a single person selling his altcoins is not going to dump the market even if that single person has a large amount of that coin it won't be big enough. manipulation is not just having a lot of money to dump or pump, it is about knowing how to do it in a correct way that has the most influence and can affect the price.
if it was really that easy to manipulate the price then we would have seen price of every altcoin go up and down every hour instead of what happens now which is mostly one coin getting pumped then dumped for at least 6 months before it is pumped again.

[yrrehc16]

Bitcoin price always on the demand in the market.
It is the people in the market who create the price and demand of it.
The blockchain is the system and not affecting any in the market.

[joshv06]

You are absolutely right mate. Bitcoin is not being used as a technology but is being used as an asset. There are a lot of speculators in the market now.
We can say that the majority dominance in the crypto community is filled with speculators. Well it's not bad because bitcoin is growing eventually.
But the fact that Bitcoin is not being used as a currency and is being used as an asset/stock to trade in the market.
I guess when wide adoption of bitcoin takes place and there are large number of stores accepting bitcoin then BTC will be used more as a currency  and less as an asset.

Mate, I agree with you bitcoin is only used as a asset but not as a technology. People need time to understand the characteristic and its features to use it as a technology. A lot of news are coming across this forum as some big auto mechanical industries started accepting bitcoin also in lot of shops they started to accept it have a loom at brazil where they are making use of this technology.

[Mometaskers]

Unfortunately Bitcoin as a p2p payment method seem to be more a dream currently. I'm not going to criticize people for treating it as a stock though. After all that is how many, including myself, discovered bitcoin.

I don't see why they have to be mutually-exclusive though. Bitcoin prices can still rise and fall as it is traded and yet be used for payment, especially since most of the time the value of the good/service is in fiat anyway.

[KingScorpio]

Guys, Bitcoin is fundamentally flawed, we all know this yet we keep focusing on the price. Bitcoin was intended to be a p2p, cutting out the middle man, yet we treat it like a stock. If Bitcoin were to be a reporting company by god knows how, it'd have to file for reports, 10k's,  quarterly, anually, the whole 9 if you're familiar with the financial realm.
Bitcoin is not a fraud, it's the individuals (smart money/wall st) manipulating it for the greed of money.

well the price is what drives the useability and the wealth of the developers, they even tried to create their own central bank to take over world domination, and ran a corrupt cryptocurrency index, that defined the world into Bitcoin and shitcoins.

their nature should be known to all.

i wont wonder if bitcoin crashes because of those reasons.

[Kimi80]

It wasen`t supposed but by the time it kinda become. It`s funny how thing can take another form..
People have seen the opportunity to earn some profit and started to treat it like that. The fact is that majority doesn`t care to much about blockchain technology, they only looking the price chart as investors. I have to say that I am also with bitcoin because of profit at first place.

[serjent05]

Not all of "us" are keeping up with the price of Bitcoin as if it were a stock. There are those of "us" that use Bitcoin as intended to purchase things and use it as it was intended. Try to keep that in mind when using "us" as a collective. There are a bunch of noobs that are treating Bitcoin as a stock, especially after 2017. But it's up to those that know what Bitcoin is and how to use it to educate the uninitiated so that the "mass adoption" phase can kick in correctly and not the way that wall street and the banks want it to. Yes the "smart money" and banks are controlling the PR piece and touting Bitcoin as more like a stock, that's where the uninformed come in and try to get a piece of the action. When they "lose" they feel that Bitcoin isn't worth anything and then they get out thinking that Bitcoin and cryptocurrencies are nothing more than another tulip mania.

Well we don't acquire bitcoin for free, it has a price to pay to be able to get it and for those who've paid much for it are for sure will not want to lose if they just spend them like they are taking coins from their purses with out considering the value and how much they are going to lose. If I bought mine in 2017, for sure I cannot just let it fly and wave goodbye without thinking about my loses.

[Moiyah]

I may agreed that it is used as p2p and use it to remove the 3rd party but aren't we here to invest in bitcoin because we know that we have chance that we can gain profits from it's characteristics? The price is volatile, it may flactuate or it may increased. Thus giving us a chance to take that opportunity to at least get an earnings somehow.

[pushups44]

As a decentralized cryptocurrency, no one can define how others will perceive or use bitcoin. Some people see bitcoin as a liberating technology whereas others see it as an investment, and some see it both ways. If bitcoin's price gets pumped by Wall Street in the future, then so be it. No one can dictate how bitcoin is used, since it is censorship-resistant.

[HODL2090]

If the price is as volatile as it is now. Investors can not help but be bothered about it especially as they put in hard earned money.
And the volatily would of course attract investors looking to take advantage and make profits.
That is the stage the network is at right now. In a couple of years, all this could change.

[Jating]

I don't know, but the dream of Satoshi was to used without the middleman.

However, may find it to function likes stocks, to be traded, in a exchange. Specially when bitcoin started to roll from $.1 to $100. And then exchanges popping early added to its ability to become a trade assets.

So why not take advantage of both? Used them are currency and buy things around without any third party involved and then trade them to make money. Makes sense to me.

[NeuroticFish]

Guys, Bitcoin is fundamentally flawed, we all know this yet we keep focusing on the price.

Interesting statement. Care to elaborate? Where/how is Bitcoin "fundamentally flawed"?
Or you wanted to start with something bombastic, even with the risk of starting FUD, only to get some attention?
So please explain how you think Bitcoin is flawed. As you can see from others' post too it's not "all" who "know" that Bitcoin is "fundamentally flawed".

yet we treat it like a stock

This denotes quite some lack of understanding. In all countries with inflation there are people who will buy less inflationary coins (USD, EUR..) and keep them as asset.
This is normal to also happen with Bitcoin because mathematically Bitcoin is more powerful than even USD and EUR.
Then there's Forex. The same happens today on Bitcoin exchanges too.

So the only abnormal part is the level of speculation, but imho that's caused by the lack of regulations, which allows some exchanges play with fake volumes, fake trade and ultimately affecting the price when they shouldn't.

[Bitcoindigger02]

The degree of decentralization varies

The mapping behind the stock is an entity limited company. The shareholders'meeting, the board of directors and the board of supervisors correspond to the power, decision-making and supervision respectively. In general, there are actual controllers who control the direction of the company's development, so the degree of centralization is relatively high. Bitcoin is different, it has no physical mapping, it is not a company, it does not have shareholders'meeting, board of directors, board of supervisors, it has a variety of large and small mines, in the world of Bitcoin, mines represent power, power represents power, overall, the power distribution of Bitcoin is more decentralized, so the degree of centralization is lower than that of stocks.

Second, different regulatory positions

The establishment of a company shall follow strict legal procedures. The basic process of registered company: 1, inquiring enterprise name 2, providing basic information by customers 3, first examination and approval of industrial and commercial seal 4, capital verification 5, submitting to industrial and commercial bureau for examination and approval, printing business license 6, processing enterprise organization code certificate 7, handling tax registration certificate 8, obtaining all licenses, and other related materials. Everything from establishment to operation to bankruptcy of a company should be carried out in accordance with legal procedures, so that the legitimacy of the company's business can be supervised by government agencies. At the same time, the company's economic operations must be recorded in accordance with strict accounting system.

Even though the central bank has positioned Bitcoin as a virtual commodity, in fact, too many Bitcoin transactions are outside the law. Due to the de-centralization and anonymity of Bitcoin and the characteristics of global transactions, there are no effective laws and regulations to regulate Bitcoin transactions.

Three different valuation methods

As experienced stock investors, we know that stock valuation methods are various, such as P/E ratio, P/E ratio, free cash flow discount method. As far as P/E ratio method is concerned, its principle is dividing stock price by profit. It reflects that when dividend rate is 100% and dividend is not reinvested, after many years, our investment can be recovered all through the day. However, Bitcoin does not have these valuation methods. At present, there is no generally accepted valuation method for Bitcoin. However, some people in the industry usually use the "mining cost method" to valuate Bitcoin. Besides, there are also methods to anchor gold and foreign exchange reserves. We can see that as an investment product, the valuation of Bitcoin is essentially different from that of stocks. Does that mean that there is no difference between the analysis of Bitcoin price and that of stock price? In fact, it is not. Although valuation methods vary greatly, supply and demand determine prices, which is unchanged for commodities under any market economy.

[cryptokingdom]

When the use of a thing is not known abuse is inevitable, People that does not know the use of bitcoin usually shout scam and bubble when there is a little down in price. The best we can do is to inform people before they invest in bitcoin.

[Webberson]

There are many diverse opinions as to what bitcoin truely is. Though some say it should not been seen as currency, others think otherwise. Though most individuals do ponder on what brings about the value of this coin, one common thing seen by everyone, is that this digital coin does have value.

[TheUltraElite]

I don't know, but the dream of Satoshi was to used without the middleman.

It was and it still is. Satoshi's "real" vision was correctly implemented here. I dont see anyway how that is deviated from.

However, may find it to function likes stocks, to be traded, in a exchange. Specially when bitcoin started to roll from $.1 to $100. And then exchanges popping early added to its ability to become a trade assets.

That is a secondary effect. There is a demand and supply for bitcoin and simple p2p system to trade with became risky and not cliche. Hence the development of exchange to facitilate the flow of coins and allowing people to buy them. Will they be used for trading? That was because speculation happens and it became a valued asset with time.

So why not take advantage of both? Used them are currency and buy things around without any third party involved and then trade them to make money. Makes sense to me.

It makes sense to everyone and that what people are doing with it now.