Bitcoin main use case now

[Voxo2222]

Btc main use case now is this:
Bitcoin is good market prices indicator to show just wich way all other coins likely will go.

If there is another reasons to use ....its unlikely.
People say specially traders that btc price is good indicator also to show wich way altcoins might go.
For payments and moving funds the stablecoins are definately best ones.

But yeah..now we know btc main usecase

[1715416986]

1715416986

[1715416986]

1715416986

[1715416986]

1715416986

[1715416986]

1715416986

[1715416986]

1715416986

[1715416986]

1715416986

[BitCoinDream]

No. Bitcoin's main use case is it is an unrestricted medium of exchange.

For payments and moving funds the stablecoins are definately best ones.

Did you know that the StableCoins, that you use, can mostly be frozen right on your address?

[Charles-Tim]

If there is another reasons to use ....its unlikely.

The reason for the existence of others aspect of bitcoin is for transaction to be possible, bitcoin was created to be a means of exchange without depending on third party, making users to have total control on their asset (bitcoin). But not only that, it was also designed in a way to be an appreciative asset which is helping in its adoption.

Bitcoin is good market prices indicator to show just wich way all other coins likely will go.

If bitcoin price is increasing, altcoins price also will be increasing, if bitcoin price is decreasing, altcoins price will be decreasing. But bitcoin was created before altcoins, which means not the reason why bitcoin was created and only just a use case for traders that are dealing with altcoins.

[Voxo2222]

No. Bitcoin's main use case is it is an unrestricted medium of exchange.

For payments and moving funds the stablecoins are definately best ones.

Did you know that the StableCoins, that you use, can mostly be frozen right on your address?

If they froze my stable coins it means they steal my money.
Then i will leave crypto and many others.
I dont have to be in crypto we are all here to make profit if no profit and someone start stealing like frozing...lol then they can keep crypto for themselfes.

Its really that we dont need to be here in crypto ... we are only to get profit if not getting anymore profit then we can simply move away from here.

[DooMAD]

But yeah..now we know btc main usecase

You're generalising.  Bitcoin's primary use case will be different depending on any given user's personal preferences.  Within the community we have hodlers, speculators, cypherpunks, idealists, philosophers and more.  Some people will even fit into more than one category.  You use it the way you want, I'll use it how I want, someone else may use it in yet another way.  As such, the primary use case is arguably freedom, because no one is in a position to stop anyone else utilising it in the manner they choose.

[Voxo2222]

But yeah..now we know btc main usecase

You're generalising.  Bitcoin's primary use case will be different depending on any given user's personal preferences.  Within the community we have hodlers, speculators, cypherpunks, idealists, philosophers and more.  Some people will even fit into more than one category.  You use it the way you want, I'll use it how I want, someone else may use it in yet another way.  As such, the primary use case is arguably freedom, because no one is in a position to stop anyone else utilising it in the manner they choose.

Every trader looking the btc price to know how to move.
Thats for sure

[dimonstration]

For payments and moving funds the stablecoins are definately best ones.

Did you know that the StableCoins, that you use, can mostly be frozen right on your address?

I'm pro Bitcoin but I agree to him, He mention for payment and moving funds meaning you are holding stable coins in a short period of time temporarily. Stablecoins is perfect for payment since it's value is fixed and the transaction speed is fast. Bitcoin value is volatile while it's transaction speed is slow so there's a chance that the value of the Bitcoin that you send will change during the confirmation time. It's good if the price change is positive but what if its a negative change?

Most of the stablecoins right now has a legal license to operate so there's no way that they will freeze randomly your stablecoins unless you get your token on a shady way. We are not on crypto pioneering era where lots of scam from project is happening. Big companies including stablecoins like USDC, PAXOS and many more is moving toward the legal way.

[BlackHatCoiner]

You clearly don't understand why bitcoin was created and I can acknowledge this from that very sentence:

I dont have to be in crypto we are all here to make profit if no profit and someone start stealing like frozing...lol then they can keep crypto for themselfes.

So, I advice you to leave those technical-analysis books with attractive targets and start learning about it. Here's a great website to begin with:

• Bitcoin Wiki
• Learnmeabitcoin.com
• Bitcoin Information & Educational Resources

Here's a brilliant writeup which describes in the first page the purpose of this innovation; read it: Bitcoin: A Peer-to-Peer Electronic Cash System.

[24Kt]

You clearly don't understand why bitcoin was created and I can acknowledge this from that very sentence:

I dont have to be in crypto we are all here to make profit if no profit and someone start stealing like frozing...lol then they can keep crypto for themselfes.

So, I advice you to leave those technical-analysis books with attractive targets and start learning about it. Here's a great website to begin with:

• Bitcoin Wiki
• Learnmeabitcoin.com
• Bitcoin Information & Educational Resources

Here's a brilliant writeup which describes in the first page the purpose of this innovation; read it: Bitcoin: A Peer-to-Peer Electronic Cash System.

This is why a lot of people have high hopes with bitcoin because they thought that going into btc is like an easy path to get riches but it is not. This is created to be the means of payment method without central network governing it. Because its price is a volatile one, that's why this currency has evolved to be a speculative coin throughout the years. So some people have other perspectives on why they are getting into this market, the first thing that they think of is how to get profit. They never educate themselves about the reason of its creation.

[Gyfts]

For payments and moving funds the stablecoins are definately best ones.

Did you know that the StableCoins, that you use, can mostly be frozen right on your address?

I'm pro Bitcoin but I agree to him, He mention for payment and moving funds meaning you are holding stable coins in a short period of time temporarily. Stablecoins is perfect for payment since it's value is fixed and the transaction speed is fast. Bitcoin value is volatile while it's transaction speed is slow so there's a chance that the value of the Bitcoin that you send will change during the confirmation time. It's good if the price change is positive but what if its a negative change?

Most of the stablecoins right now has a legal license to operate so there's no way that they will freeze randomly your stablecoins unless you get your token on a shady way. We are not on crypto pioneering era where lots of scam from project is happening. Big companies including stablecoins like USDC, PAXOS and many more is moving toward the legal way.

And you're hoping that the value of stable coins remains steady based on the fact whatever stable coin you're using supposedly has assets to protect the value of the coin. I don't see what the benefit is nor do I see how you can trust these operators. The legal right to operate does not make any of these entities anymore trustworthy than had they not had any legal licensing, it doesn't take any less effort for individuals to exit the organization completely and leave any stablecoin holders left with worthless pixels on a screen.

[AakZaki]

Bitcoin is an indicator of the market price of where the Atlcoin market price will go.
When bitcoin rises or pumps, altcoin prices tend to follow, but many altcoins have not been able to recover and become a single rally for bitcoin. When bitcoin dumps all the altcoins go down. when the price of bitcoin stays or is stable, the chances of altcoin recovery are even greater.

Bitcoin will not depend on the price of the party when or any coin, because bitcoin comes first. Bitcoin is only affected by the state of the market and the fundamentals that occur.

[pooya87]

People say specially traders that btc price is good indicator also to show wich way altcoins might go.

Apart from how stupid your topics are these days, this is historically proven to be wrong because only most of the times altcoins get dumped whenever bitcoin price rises or falls. There are rare occasions that shitcoins go in the other direction, for example they dump even when bitcoin is stable and they are supposed to pump.

For payments and moving funds the stablecoins are definately best ones.

Actually they are the worst because if you want centralized payment systems then you have far superior options like Visa or PayPal or your bank than the centralized shitcoins called stablecoins that can disappear at any moment when the SWAT team raids their headquarters and shut them down.

But yeah..now we know btc main usecase

You can fool yourself all day long it won't change the reality

[romero121]

The innovation happened for some reason, but now bitcoin isn't used for the same. There are people who are using bitcoin for regular transaction, and for large volume transaction. Apart from this, there are multiple usage for bitcoin.

At present most of its volume comes out of trading, exchange and investment. Certain volume comes out of gambling houses. As the market keeps fluctuating people consider it a way to make money out of it. This makes people prefer it for trading/exchanging rather than a transaction medium.

[mk4]

Every trader looking the btc price to know how to move.
Thats for sure

Even in a trading perspective, this is BS. Traders know that BTC has great effects on altcoin price movements, but doesn’t solely look at BTC to see how alts would perform. Because if alts were totally reliant on BTC, then why even trade alts? Not to mention that USDT and USDC trading pairs have been slowly but surely dominating the alt markets.

[raidarksword]

Main use case of bitcoin since the beginning was decentralized payment system that doesn't rely on middle men or centralized system like bank or financial institution. A payment system that is anonymous and break barriers of financial freedom.

[pooya87]

Traders know that BTC has great effects on altcoin price movements, but doesn’t solely look at BTC to see how alts would perform. Because if alts were totally reliant on BTC, then why even trade alts?

Actually one of the trading strategies in shitcoin market is to look at what bitcoin is doing. When bitcoin isn't making any move at all (like right now) they take their BTC to the shitcoin market to trade with it and increase the amount of bitcoin they own then come back as soon as bitcoin movements started. Which is why altcoins dump each time bitcoin rises or falls.

BTW OP is not arguing about what or why traders do what they do, he is claiming that this is the only purpose bitcoin has

[enhu]

Btc main use case now is this:
Bitcoin is good market prices indicator to show just wich way all other coins likely will go.

If there is another reasons to use ....its unlikely.
People say specially traders that btc price is good indicator also to show wich way altcoins might go.
For payments and moving funds the stablecoins are definately best ones.

But yeah..now we know btc main usecase

Due to traders speculating the use case of BTC evolved. In any manner, it's still the use of BTC whether we use it for buying stuff as currency or use it to invest or just a store of value. It depends on how you use it, some use it to gamble. Today I think most will just buy BTC to speculate on its value in the future to make money. Buy BTC to make money.

[avikz]

Btc main use case now is this:
Bitcoin is good market prices indicator to show just wich way all other coins likely will go.

If there is another reasons to use ....its unlikely.
People say specially traders that btc price is good indicator also to show wich way altcoins might go.
For payments and moving funds the stablecoins are definately best ones.

But yeah..now we know btc main usecase

Bitcoin was initially introduced for a different reason. But with the course of the time, it has taken a different direction. It's more of an investment now rather than anything else. But there are couple of people who likes to spend their bitcoins but for majority it's an investment.

For payments, we have much better options available in the crypto market which are faster and cheaper than bitcoin. But the long term value appreciation bitcoin can provide, it is second to none!

[aoluain]

Bitcoins main use case now?

Arguably one of the main ones is a hedge against inflation, other uses: Store of wealth,
Funds and wealth transfer.

Bitcoin "MAINLY" being used as an price tracker for $h1tcoins is nonsense. Those coin
traders probably use Bitcoin as a gauge to how the market goes but I think the OP has eyes only
for $h1tcoins and is not focussed on Bitcoin.

[Henrobakkara]

But yeah..now we know btc main usecase

You're generalising.  Bitcoin's primary use case will be different depending on any given user's personal preferences.  Within the community we have hodlers, speculators, cypherpunks, idealists, philosophers and more.  Some people will even fit into more than one category.  You use it the way you want, I'll use it how I want, someone else may use it in yet another way.  As such, the primary use case is arguably freedom, because no one is in a position to stop anyone else utilising it in the manner they choose.

Every trader looking the btc price to know how to move.
Thats for sure

This is sometimes not always the case. You must have seen time when Bitcoin was going down or being sideways and some other coins pumping because of some news related to that coin. Yes, bitcoins price action does play a role in the general market however, I do agree with DooMAD, Bitcoins usage is subjective. Investors have different perspectives on using bitcoin and that too is a fact.