Bitcoin main use case now

[Fesatmas]

Not that narrow in generalizing Bitcoin usage. Means you are only narrowing the use of Bitcoin in our eyes. So far Bitcoin is very complex and not only for the purposes you mentioned. We use it more widely and are not limited to just storage and then switch to Stablecoin when it goes downhill. We are mostly settled on Bitcoin even in bear markets.

[Mahiyammahi]

I think btc should be seen as a digital currency which will be traded any person to person easy.

It should be a worldwide currency. Although btc is like gold with limited supply in future this won't get dumped.
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If we had a system that we hold Bitcoin and when it's came to payment option it's instant convert into stable coin and who is receiver he will receive exact same amount wjen I sent it. Cause btc is volatile it can be dump anytime.

[Kelvinid]

I think btc should be seen as a digital currency which will be traded any person to person easy.

People just come for a trade and then lose their money and sometimes in profit.

It should be a worldwide currency. Although btc is like gold with limited supply in future this won't get dumped.

Not now, it was just a long-term goal and it needs time (years) before it gets realized. Well, it is sad to see that we're still far from getting to it.
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If we had a system that we hold Bitcoin and when it's came to payment option it's instant convert into stable coin and who is receiver he will receive exact same amount wjen I sent it. Cause btc is volatile it can be dump anytime.

No, we don't have. It's up to you if you either hold or not, even trading is still an option. The market never tells what you gonna do with your coins and it was you who could decide it.

[kryptqnick]

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?

Yeah, I agree that it's a very important point. Although it's not like Bitcoin is the only decentralized crypto, right? Also, if we were discussing the way Bitcoin is truly mainly used by the majority of people rather than the way of usage that makes Bitcoin most useful, I think it would be investments. People buy, trade, hodl, focus on the prospects of the value increasing and of making profit this way. There are major exceptions, such as El Salvador, but I don't believe the majority truly use Bitcoin as a medium of exchange and care about the potential of Bitcoin in this area.

[tygeade]

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.

Well, it’s an indicator for where majority of the market lies, but that’s not for all the coins in the market, there are still a lot of coins that don’t rely or correlates with bitcoin’s price at all. So, if you’re going to be thinking that every of the coins in the market would go up when bitcoin goes up, then I am sorry to say that you would be wrong by thinking that such is how it is in the market.

Bitcoin is still being used as a method of payment till this day, and is still preferred more than other coins there is in the market. No matter how things might seem to you today, maybe because of the fees, yes I do know that, but it still beats others in usage rate. The stablecoins you are talking about are nowhere near when we talk of usage rate, you’d hardly see them being accepted by anyone.

[fiulpro]

Not exactly.
There are Altcoins which are going up with Bitcoins because their trading pairs is the most popular. But against them there are Altcoins in the market which are performing well during the market crash, therefore it does mean that it won't work like this always.
Some Altcoins like ETH.
Well I like to call their relationship with Bitcoins synergistic, which does mean that they will go up! With Bitcoins and at the same time some Altcoins like ADA for example people are generally thinking that it would aky rocket in December 2021.
Some Altcoins are backed as well, owned by a company or enterprise. Their highs and lows in general can be related to bitcoins but can never be 100% in graph. They have synergistic relationship for sure but individuality as well. Let's not forget that.

[dothebeats]

Bitcoin's main use case for me is its unrestricted, cross-border transaction capability without the need to register or submit your details to a third-party entity. It's easy to send and receive money overseas without being questioned. Plus, fees aren't based on how much you send; you can literally place a dollar or even a cent's worth of fees and, if your transaction is done when there isn't much in the mempool, it will go through without any hassle.

What you're saying is quite far from the ethos or the main use case of bitcoin. Most people see bitcoin as a means to make profit. It is only one part. Its function and capabilities still exist and that's what some people are still using it for even today.

[deadmousehat]

Yes most people around me also use bitcoin as an indicator when buying altcoins. But not all altcoins follow the ups and downs of the bitcoin price. Today more people are using bitcoin for investment than for payments due to high fees and switching to stable coins.

[WatchMaker]

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?

Bitcoin was invented as a digital store of value and also, a digital payment system.
Bitcoin is a digital currency that is fast, secure, and decentralized yet acceptable worldwide.
Bitcoin is a now considered by many investors as a preferred stored value instead of gold because of it's intrinsic value.  

[Rabi3]

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?

stable coins are centralized, it is almost as unsafe
as holding them in your wallet as it is to hold crypto in a centralized exchange, if op knows that they can freeze when ever they want I am pretty sure he is not talking about big amounts of crypto that can make you depressed if you lose them, in cases where someone is using stable coins to make small purchases there isn't much to worry about.

[btc78]

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

That is what you think and not for general meaning i respect your views but this wasn't really a thing.

you did not even mentioned about the Medium of exchanging that totally bitcoin is what all about and you did not even bother to say how useful bitcoin in any areas?

you are a bitter crypto user that hates bitcoin and a altcoin supporter .

[VanityWallets2015]

That is what you think and not for general meaning i respect your views but this wasn't really a thing.
you did not even mentioned about the Medium of exchanging that totally bitcoin is what all about and you did not even bother to say how useful bitcoin in any areas?

I agree. The main use of Bitcoin can be different for each individual, as mentioned, its essence is subjective depending on the user. For some it can be a medium of exchange that is free from third part interceptions, a medium of price indication, investment or income source. Nevertheless, it cannot be denied that Bitcoin has touched and is beneficial in diverse areas, all of which are being enjoyed by all of us.

[michellee]

I guess bitcoin main use case for every people will be different depending on what those people reason using bitcoin so far. Some people who came to bitcoin think that bitcoin is a tool to help them make money while others think that bitcoin is a tool to change the finances form and use bitcoin for daily life. While there are people who use bitcoin as their investment and only sell bitcoin when they can make a big profit. However, I think bitcoin main use case can change in the future, depending on how people use it and that will not the same for every people.

[ChiBitCTy]

It’s main use case is to give an indicator where alt coins are going to be heading? That’s really just silly. Bitcoin has two main use cases at present, a medium of electronic exchange that’s fast, borderless and decentralized as well as being a hedge asset. People have certainly long debated these things but there is absolutely no question in my mind.

[Reatim]

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

sorry but i don't understand what you are pointing here? what is the main idea of how you portraying bitcoin when that is far from the reality of its function ?

like what said above me it isElectronic exchange Medium and that is the main subject of bitcoin function , but that does not reflect on your belief above.

[eaLiTy]

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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.

I was checking USDC, they are attested by Grant Thornton, LLP but i could not find any audit papers, if their audit papers are public then it would be great and we can say that they are doing everything on a transparent way.

When it comes to scams, yes there are many scams that are still in the market, the most common right now is to impersonate any legit project and create a replica of their website and scam users. There are rug pulls that are still going on, hopefully we will see a change in that aspect in the future.

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like what said above me it isElectronic exchange Medium and that is the main subject of bitcoin function , but that does not reflect on your belief above.

It is not a simple electronic exchange, it is a honest ledger and the most important aspect is decentralization.  .

[josephdd1]

Bitcoin is mainly an investment asset now. It is not very widely used for payment, at least in my country, it is forbidden to pay with crypto here. Also bitcoin is an indicator of crypto market mood like you said. All altcoins follow its global movements but with a bigger amplitude usually. I think that it will be adopted more and more in the future so that we will pay with it almost everywhere.

[Luzin]

Bitcoin is mainly an investment asset now. It is not very widely used for payment, at least in my country, it is forbidden to pay with crypto here. Also bitcoin is an indicator of crypto market mood like you said. All altcoins follow its global movements but with a bigger amplitude usually. I think that it will be adopted more and more in the future so that we will pay with it almost everywhere.

I hope like you. But I don't know the future. Look at China, the government has completely closed access to all forms of crypto-related activities. I hope it is not followed by many other countries. They fear that the crypto power they can't see will destroy China's finances. Even though I'm sure they can go hand in hand. That's one proof that power can change all forms of hope for the future.

[ItsEzMkay]

While technically you are correct that Bitcoin moves that market and is the king. You are wrong on your assumption that Bitcoin's only functionality is that. It is also a store of value, medium of exchange, and soon to be unit of account. We will one day I believe, be looking at a t-shirt and it will be 15000 sats because looking at 0.0000150000 is very unpleasant. Another use case would be to transfer funds. Currently, Strike is using the Bitcoin network to settle transfers that go across borders and for less than a fraction of a penny. Its ridiculous, and quite frankly you're notion here was ridiculous. I bid you adieu Good day to you sir. I said good day!

[KingTin]

Like many have said, bitcoin real use case is being sound money.

Given enough time, it is more likely that fiat will collapse before bitcoin, because bitcoin has fundamentally sound structure, it can transact securely and globally traded (essentially that means every region of the world see value in it).

We don't know when that would happen, and before that, we will see bitcoin being even more accepted and more stores in the globe will want to accept bitcoin. We will see more applications build around bitcoin (it doesn't have to be on blockchain itself).

So bitcoin really has the biggest ambition in the entire crypto space, not defi, not gamefi.
imo all the defi activities are sort of testing ground for what can be possible, right now? It's just a place where people trade stocks A to stock B, not currency.