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

[Goodmens]

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.

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[baradfo]

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.

[pixie85]

But it has value. Should we ignore it and move on? If something exists we have to take it into consideration. Like when you write program and people value it at 10000 USD, will you ignore it because your car has nothing to do with price? One day you will need money and will need to sell it. Many of us hold Bitcoins because we don't agree with its price and think that it should be much higher, but we don't ignore it. We measure and value it and price is a good unit of measurement.

[dothebeats]

People have assigned it value, and for it to be used as a currency, it has to have value, and so people speculated on what truly is the acceptable price for 1 bitcoin is. I won't call it fundamentally flawed; we, the same people who gave bitcoin its value, are the ones who deviated away from the fundamentals of bitcoin and have allowed the same middlemen and governments to encroach this tiny space of ours on which we think we're safe from their control and observant eyes. Had we not given bitcoin some value, we wouldn't even be here, and only those who truly believed in the system way before bitcoin reached some significant value would stay.

[Pursuer]

if you go to a supermarket and pay with stocks, it doesn't turn stocks into a currency. it just means YOU chose to use stocks as a medium of exchange. the same thing is with bitcoin. if some people think of bitcoin as stocks that  doesn't make bitcoin a "stock", it is only their perspective of it. not to mention that it is still your perspective thinking people do that! the fact is bitcoin, like any other currency, is being traded. in other words the same way US dollar is being traded on Forex market, bitcoin is being traded in cryptocurrency market. would you call USD a stock because of that?

[davis196]

if you go to a supermarket and pay with stocks, it doesn't turn stocks into a currency. it just means YOU chose to use stocks as a medium of exchange. the same thing is with bitcoin. if some people think of bitcoin as stocks that  doesn't make bitcoin a "stock", it is only their perspective of it. not to mention that it is still your perspective thinking people do that! the fact is bitcoin, like any other currency, is being traded. in other words the same way US dollar is being traded on Forex market, bitcoin is being traded in cryptocurrency market. would you call USD a stock because of that?

Yes,but if the majority of the people share the same perspective,that perspective becomes valid.
By the way,I don't agree with the OP about bitcoin being p2p.I don't think that BTC is peer-to-peer anymore.There are som many crypto exchange platforms,online wallets and crypto casinos.Too many middleman services in the market.

[HODL2090]

How you choose to view your bitcoins largely depends in what you plan on gaining from it.
The fact is:
It has value
It is volatile
It can be transferred and hence can be used as a means of payment.
It's volatility makes it an investment option
It's volatility also makes it unsuitable as a store of value, no one wants to see their purchasing power drop without any action from them. (If you are considering the possibility of it's rising then you're viewing it as an investment)

[funchiestz]

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 is a payment tool. In this way, we should consider Bitcoin as "money". The value should actually determine only the supply-demand. But, of course, manipulation is also influential in price, because of the higher value than expected.

[Red-Apple]

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

don't blame bitcoin for the way you are thinking about it. start blaming yourself for misunderstanding what bitcoin is for.

besides nothing is wrong if you care about the price and want to make a profit from bitcoin as long as you understand bitcoin and how it works and are not caught up in some hype.

[MainIbem]

Bitcoin was intended to be a p2p, cutting out the middle man, yet we treat it like a stock.

How else to aptly explain what Bitcoin is.  But how important too that the activities of the 'greedy ' Wall street guys have made the acceptance and awareness of bitcoin faster. But for the commercialization of bitcoin, it will take ages for people to come to know of this magnificent technology.

[mu_enrico]

Based on the Satoshi whitepaper, bitcoin is the currency. Of course, people are free to trade between currencies, such as EUR-USD, GBP-USD, INR-USD, etc. This does not mean that these currencies were treated as stocks. Each currency has its own function and jurisdiction, so people need to exchange currencies.

In stocks, you get a portion of a company's ownership (or share). This is the basis of "intrinsic" value. In Bitcoin, its value derived from the bitcoin network, users will be able to store value securely without hyperinflation and transfer it anywhere in the world.

So bitcoin price was not created from thin air (like fiat) or company's ownership (like stocks), but from the network which is the safest open network in the world.

[btc-room101]

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.

Pre 2013 geeks knew what BTC was, ..

Post 2014 the assholes took over btc and promoted it as a get rich quickk ponzi,

good news is nature is cleaning the assholes out

[cizatext]

It going to take time before most users of bitcoin will change they perspectives about bitcoin and try to use it for what it originally developed for which is to provide a p2p system of sending and receiving money without any restrictions or involvement of any individual or institutions. But today people buy bitcoin and keep it as a stock with the sole aims of making huge profits at the end not knowing how volatile bitcoin can be when it comes to price so at that they always end up frustrated when the swing does not go in the directions they expect it to.

[Cacingkemi]

Basically everyone knows this BTC is not formed as a stock but different holders conclude BTC as a stock,Intriguing Industry blockchain if its related to the price maybe the person concludes different things by looking at the graph of the value the BTC movement there.Such an opinion should be straightened out but if its said BTC as a stock there is a point cause values fluctuate like stocks are not a stable currency.I still think BTC is our currency .

[Harlot]

Never did it crossed my mind that Bitcoin is like a stock and I never even considered it to be like one. For those people acting like Bitcoin is like a stock where you can use fundamental analysis my question is how? There are no financial reports, disclosures, or even a company handling it so it may sound crazy for people thinking that you can use fundamental analysis on Bitcoin. Bitcoin is still an asset but there are other ways you can forecast its price by not using anything related to identifying its fair value.

[terrate]

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.

If u do CFD on bitcoin then bitcoin will be a stock. You will get history data. And the report u need to self collect on website/portal and analyse your own.
P2P is difficult because there will a lot of scam outside (like u buy from personal seller can be scam also) and also criminals will use bitcoin too and u need to face them carefully if u like to. Middleman is ok, but the problem is middleman (exchange etc) will need to do KYC if government involved in.
Sure bitcoin not fraud, but will affect by technical (example fork) and hacker will hack your things if u not careful or not familiar.

[khufuking]

That is not new! Bitcoin was invented as a currency aimed to replace Fiat money, we all know that a lot of people joined Crypto lately are treating BTC as just an investment that will bring them fast profit and no one can really do anything about this, everyone is free to think what he/she thinks. 90% of the last wave that joined the Crypto space is dealing with BTC as an asset that is supposed to bring them profit, even if what they think is not the truth but it is a fact that BTC was treated like an asset or stock for a while now, but it is also a fact that Bitcoin is meant to be a currency and will continue to be for the people who truly understand what is Bitcoin.

[killat]

If you ever invested in stocks you would probably knew that even for stocks you don't always buy the value of a piece of a company. Most of the time you buy feelings on offer-demand patterns.

[avikz]

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.

It's an age old discussion about the bitcoin. Whatever you said, it's correct about bitcoin but how come you reach to a conclusion that bitcoin is fundamentally flawed? It is our thinking about bitcoin which is flawed and that has not to do with the fundamentals of bitcoin. It is correct at its place and what differs is our thinking about bitcoin and the investment mindset. Bitcoin is still a p2p electronic cash system but we, the common people have taken it as an investment or a source of earning money. That certainly doesn't make fundamentals of bitcoin flawed.

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!

[Pab]

Bitcoin is 10 years old emergency non regulated asset
Bitcoin trading is manipulated because trading is not regulated in whatever way
It has nothing with bitcoin itself
If trading will be regulated then manipulation will gone
Bitcoin needs technology improvements and legitimate services support
But bitcoin is only 10 years old so think we want to much