Real purpose of Bitcoin

[wxa7115]

No! Bitcoin is not losing it's original purpose of existence, investments and other activities that involves Bitcoin is just a kind of adoption because people feel convenient that way. As a new form of payment system the Legendary Satoshi Nakamoto has not failed it's community nor the community to the founder because what has started has been there for years and counting. Bitcoin payments are becoming more visible compared to past previous years as the community and countries are started to embrace Bitcoin as a new payment method at the same time as an asset to some investors.

Correct, it seems some people do not want that bitcoin is traded freely among people which does not make a lot of sense, bitcoin was created with the intention of giving freedom back to people and to give people true ownership of their money and if we have that then we must be able to whatever we want with our money, and if we want to trade our bitcoin and speculate with it then we should be able to do it.

So bitcoin by being so easily traded is in fact accomplishing one of its main functions and yet for some reason people do not see it like that.

[1714781393]

1714781393

[Spack17]

I think that Bitcoin will never lose its original purpose. In my opinion, the original purpose of it is providing people an opportunity to use it freely on different fields and not seeing it as just an investment tool. For example, it is used in various places now. People use it in shops, on online shopping, on buying a property etc. . Bitcoin usage in different fields continues to increase. So, I think that people will never see it as just an investment tool.

[sapnu]

As long as people still use bitcoin as a medium of exchange, we can say that it's not losing the original purpose even if 90% of people presume bitcoin as an asset, an investment, or a gambling tool.
Nonetheless, most transactions occur in exchanges between traders to make a profit, that's why you think it's losing the primary objective. But how do you expect bitcoin to spread widely among people worldwide without buy and sell on exchanges?

It is well known only in the mode of the transaction since it has the fastest and safest way of making a transaction, most people using bitcoin for payment without knowing that bitcoin is also a good investment that will make you profit or gain income. Bitcoin has a lot of use not only by investing and medium of exchange, but there are also some people who are really using bitcoin for their hobbies like playing gambling online and they are using bitcoin as a bet, but it is too risky since you are playing with your own money, and you have a fifty percent probability of winning. So it is better if you just invest that money so you can gain profit.

[CarnagexD]

Bitcoin is still used as a currency anyway, so I do not see the problem about it being used as an investment asset nowadays, if anything, this is what Satoshi would be wanting, to be able to help more people in all means necessary. Besides, he has not been here to "rectify" the situation if there's anything to be rectified.

[Digitalbitcoin]

Bitcoin is a completely electronic method of exchanging tokens.

And Bitcoin was especially made up for removing third parties involving in payments transfer. Bitcoin was made up of a distributed open-source ledger platform to make them secure and safe exchange of tokens within users.

But considering the interests of users in Bitcoin, takes it to a higher price ever for exchange against the fiat in USD. People are considering Bitcoin as a better opportunity for investors to get higher returns, and this takes bitcoins price to skyrocket.

And if this continues then Bitcoin will surely hit the $1,00,000.00 target in the coming few years for sure.

[Innerpumper]

When you talk about Bitcoin first thing which most of us thinks either it's a get rich quick scheme or an investment scheme. Did Satoshi Nakamoto created Bitcoin as an investment scheme? No, it was supposed to be a peer to peer payment transaction across borders without involvement expensive money exchangers or regulators but it has been turned into an investment scheme, where are we heading ? Do you think Bitcoin is losing its original purpose of its invention?

Maybe you're right about bitcoin's initial goal of peer to peer transactions, it's just that the concept of bitcoin created by Nakamoto is one of decentralization where everyone can develop bitcoin into whatever they want. even now we do not know where satoshi nakamoto is located but bitcoin continues to be developed by geniuses who are also one of them as a means of investment.

[#dhabitamartha]

It may be true that bitcoin was originally created for per-to-per transactions without being limited to regions and countries but over time bitcoin became expensive and became cheap this caused bitcoin to be unstable and move like the curva maybe this is the power of everyone to invest like stocks. If bitcoin is static and does not move and its value remains, it is possible that bitcoin will only be a digital currency.

[shoreno]

It may be true that bitcoin was originally created for per-to-per transactions without being limited to regions and countries but over time bitcoin became expensive and became cheap this caused bitcoin to be unstable and move like the curva maybe this is the power of everyone to invest like stocks. If bitcoin is static and does not move and its value remains, it is possible that bitcoin will only be a digital currency.

btc is limited to some countries and some totally bans btc . btc didnt became cheap later on but it only becomes expensive .

somtimes btc willl decrease but not too much and even if it didnt move in a curve way people start treating them as investment because its value was growing . static or non static , btc is still a currency and that purpose wont be erase  but if btc becomes non static people wont stop treating it as an investment and can foccus more on using as a currency

[profullstack]

its a public ledger, so its meant to track and trace the money. Probably created by the CIA on behalf of the DEA and IRS.

[plvbob0070]

I think that Bitcoin will never lose its original purpose. In my opinion, the original purpose of it is providing people an opportunity to use it freely on different fields and not seeing it as just an investment tool. For example, it is used in various places now. People use it in shops, on online shopping, on buying a property etc. . Bitcoin usage in different fields continues to increase. So, I think that people will never see it as just an investment tool.

People making bitcoin as a means of investment is growing but at the end of it, it's still being used for peer-to-peer transactions so the purpose was still there. I agree, people just find a good opportunity to make it as an investment tool that's why we see more people investing in bitcoin. But looking at the brighter side, it shows that bitcoin uses is just growing since people were able to make use of it in different ways they can.

[diazepam666]

Bitcoin is a powerful cryptocurrency in the current economy, The main reason of enter in the market is stop the money laundring because most of the countries are face the number of issues in current economy. Because all the country have face some issues in illegal money transfer and secret money laundring in the market. So cryptocurrency is stop this issues on future economy and I read the real reason also they maintain USA was face some problem in 2008 so they plan to invent the digital currency.

[noormcs5]

When you talk about Bitcoin first thing which most of us thinks either it's a get rich quick scheme or an investment scheme. Did Satoshi Nakamoto created Bitcoin as an investment scheme? No, it was supposed to be a peer to peer payment transaction across borders without involvement expensive money exchangers or regulators but it has been turned into an investment scheme, where are we heading ? Do you think Bitcoin is losing its original purpose of its invention?

No, this is not the case. Why bitcoin value increasing ? Because people are using it in their business and also as a payment method. Recent example is the Paypal supporting bitcoins. Since the supply of bitcoin is limited, people also hold it in anticipation of getting profits.

[CaVO32]

I think that Bitcoin will never lose its original purpose. In my opinion, the original purpose of it is providing people an opportunity to use it freely on different fields and not seeing it as just an investment tool. For example, it is used in various places now. People use it in shops, on online shopping, on buying a property etc. . Bitcoin usage in different fields continues to increase. So, I think that people will never see it as just an investment tool.

People making bitcoin as a means of investment is growing but at the end of it, it's still being used for peer-to-peer transactions so the purpose was still there. I agree, people just find a good opportunity to make it as an investment tool that's why we see more people investing in bitcoin. But looking at the brighter side, it shows that bitcoin uses is just growing since people were able to make use of it in different ways they can.

Yes, I do agree with that. The real purpose is still there but somehow some crypto holders are considering it as an investment. Because if the purpose is being totally taken away and just used it as investment, the growth will not be big. Some countries are using crypto mainly in remittance purposes, which I believe is a good purpose also of crypto. And with PayPal's announcement about the inclusion of crypto in their system, this is one of the purposes that Satoshi thought about. So yes, the real purpose of btc is still in existence.

[kawetsriyanto]

It is true if the goal of Bitcoin stated by Satoshi is for an electronic payment tool. It is very clearly explained on Bitcoin whitepaper. But yes, nowadays, what we see is the Bitcoin tends to be a digital asset than a digital payment tool. There are many reasons why Bitcoin cannot function as a digital payment tool in all countries in the world but mostly applied as a digital asset. One of the reasons is the regulation in some countries cannot allow such a payment tool like Bitcoin to apply in those countries. So, the solution just makes Bitcoin to be a digital asset. However, it is still growing, someday Bitcoin is probably accepted as the payment as well.

[hahay]

I think so, because the price continues to be high maybe that is also a factor they prefer to keep holding. Imagine, when in the past the price was so very low that not even many people wanted it even though they already knew it, besides that when they had it it might be easy to spend it for a specific purpose. Unlike the current price, which is very high, they only hope that the price will continue to rise to gain a lot of profit. But yeah, I think whatever the assessment and or how they treat bitcoin is their right because after all, the rules regarding bitcoin and crypto as a whole are different in each country.

[proTECH77]

The creator of bitcoin which is Satoshi Nakamoto which he created bitcoin to be a development to the world economy. Many countries are now advising their youths to know how to use bitcoin to transact any digital currency which will really help them to make a good profit.
Here are some purpose of bitcoin:
1) Development : Development is one of the purpose of bitcoin in the world. Many countries are using bitcoin to assist their citizens to be engage in bitcoin platform to know more about the digital currency which is very good in profit making in the market.
2) Information: Information is also part of purpose of bitcoin to be created for some people to know how important digital currency is and where you can buy and sell when the price is low in the market which is more function than fiat money to have more investors around the world with the good information they  have gather

[cryptopediabd]

Bitcoin is a awesome investment platform as well as cryptocurrency. It's different when it was created for only online money transaction. Countries are using btc as payment as the purchase of goods, products. And it isn't lose its original purpose.

[usekevin]

When you talk about Bitcoin first thing which most of us thinks either it's a get rich quick scheme or an investment scheme. Did Satoshi Nakamoto created Bitcoin as an investment scheme? No, it was supposed to be a peer to peer payment transaction across borders without involvement expensive money exchangers or regulators but it has been turned into an investment scheme, where are we heading ? Do you think Bitcoin is losing its original purpose of its invention?

Actually bitcoin is not created for the investment scheme.But it was used as an asset for now. Most of the rich person money was in bitcoin.It's reason for the sometimes huge rise and huge fall in the price of bitcoin. Many businessman had moved to the bitcoin from the real stock market.

[BuNga_cute]

In my opinion, the real purpose of Bitcoin is as a global currency to replace fiat, but not all countries accept Bitcoin.
Therefore, the goal of Bitcoin has finally changed to become an investment, because it turns out that Bitcoin can provide
many benefits if used as an investment. But it does not rule out the possibility that in the future Bitcoin can be accepted
by all countries in the world, so it can return to its original goal make Bitcoin a payment tool. We can see, more and more
merchants are starting to accept Bitcoin as payment,  I hope that will Satoshi Nakamoto could come true in the future.

[verita1]

Getting rich is a misconception some have when investing in Bitcoin.
What I love about Bitcoin is its essence, so I would not change it for the banking system of my country.
Peer to Peer Transactions.
No intervention from banks.
Store of Value.
Freedom.
If you have a problem at the bank due to a wrong transaction, you must meet a series of requirements for its reversal. This is a problem that I am having recently with my bank. At this time, due to the pandemic, banks work in a limited way.