Bitcoin is still a digital currency

[Amphenomenon]

Most people being introduced into bitcoin sees bitcoin as a means of investment, precisely since 2018. They don't even care of knowing what it is use for, all they care about is that they can make money from it and this flaw has been exploited by the government and now most countries legalising Bitcoin, legalised Bitcoin as an asset instead as an digital currency.

 I was once among these set of people who just sees Bitcoin as a means of investment not until I joined this Forum, where I saw a reason to read the Bitcoin Whitepaper and did research about how it helps in the field which it was created for.
Bitcoin as digital currency was created to make online payments to be sent from one party to another without the need of an intermediary.

I know people have various view of Bitcoin as some view it as an alternative to digital gold so they see it as a means of investment , some sees it as something that gives them total control of their money while they are other views but this is the most common aside from what it was created.
Though, they have a solid reason to justify their claims but in the end this is not the main reason or use for Bitcoin. It is just a part feature that bitcoin offer as a digital currency.

I don't really know how feasible is this my theory but this is how I see Bitcoin.
I see bitcoin Blockchain as a country, where those who  works there are paid with Bitcoin "just like how every country pays their citizens working with the country currency (those who receives salary in other currency in a country, obviously works in an organization that is not from their own country)" and this is when the worker validate a block.

Just like how there are those who are unemployed, unable to get a job done or are caught lying to have completed done a job are not paid, so it's on Bitcoin Blockchain, those who are unable to validate a block (unemployed), unable to get a job done or are caught lying to have completed a job earns nothing. This are the proof of work mechanism.

When converting from one currency to another, the one with the highest value have a better edge (like if am converting from naira to dollar, I will be having less), Bitcoin is just another currency having higher edge than the other currency but just like how the rate from converting naira to dollar or any other currency may change, Bitcoin price also changes (though more volatile).This covers why bitcoin is seen as an investment.

Then the wallet is a unique bank, that is to say, it gives you total control of your money (except when you using a CEX, which though still gives you more control of your money than the Physical banks but not total control of it). Just as some physical banks are more secured and better than the others, so is it for the wallet so you have to find the most effective and secure option for you. Aside from this the rate anonymity depends on the wallet you use. This covers why bitcoin is view something that gives total control of one's money.

Like I stated before, there are various ways people view aside from the main reason it was created but if you check, you would see that all this are features that physical currency offers but with Bitcoin having more unqiue features to it.

Now Bitcoin as a means of payment:

When Bitcoin first came out, there where alot of criticism some saying it will make criminal activities such as money laundering, financing terrorism, Kidnapping easier and others speaking of how it not be accepted.There are other criticism which Bitcoin face, the criticism stood a ground at that time but not all are still standing and those critics of then and now, always try to find issues to speak against it and also not wanting to speak of uses of Bitcoin.
Bitcoin as a means of digital currency has covered almost everything of it field (if not all)  as  a means of payment with the off chain and on chain protocol which has been use to aid payment like multi sig wallet, Lightning network, Schnorr Signature, SegWit wallet and others makes transactions faster.

The multi sig wallet helps offer security, make not just a single person to get total control of an organization funds and also offers other benefits that helps the organisation. While the Lightning network, Schnorr Signature, SegWit wallet and some others are fixing the scalability issues.
Bitcoin core members are working hard to make bitcoin the best means of payment and though Bitcoin still have some issues but they will be fixed. I prefer to see bitcoin being accepted as a digital currency and not as an asset or anything because that what it is.

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[Plaguedeath]

I have no idea why you're creating a wall of text, it's really hard for me to read your post, other users might feel as well.

After all Bitcoin can be viewed as a currency or as a speculative asset, for country which accept Bitcoin as a currency, we can use Bitcoin for both. But for most people which not accept Bitcoin as a currency, we can still trade and hold Bitcoin.

Actually Bitcoin stored in centralized exchange and banks are same, you're don't have full control over your money.

[aryana42]

Bitcoin is a currency, an investment. Its use is up to the individual, and there is nothing wrong with people just seeing it as an investment. If you don't like to use it for investment, then you can use it as currency, you don't need to care about others. You just have to remember that, as long as bitcoin creates value and benefits people, that's bitcoin success.

[Cantsay]

Nice write up, but the whole text is clogged up making it difficult to read through so when next you're composing a text make sure you give it some space so that it won't looked all jammed up.

Remember that Bitcoin has not yet being accepted as a legal tender in most countries so it's still going to take a long time before everyone will start to view it as a means of payment but it still doesn't matter to much if they take it as a means of payment or as an investment scheme so long as they grasp the idea behind Bitcoin which is Freedom according what I read the main reason for bitcoin's creation was to give the common people the power for them to own their own wealth and not just to leave everything in the hands of government and I think majority of those involved in Bitcoin understand that fact.

[pakhitheboss]

WOW! Such a huge post with zero paragraph. Looks like a wall of text. Definitely not easy to read it on a mobile device as I using one now. @OP can you please edit it with paragraphs as that would be very helpful. Do check this thread to understand what I trying to say.

[GUIDE] Bitcointalk forum etiquette

[Obito]

What if I own a silver dollar? Technically, it's still a currency but most people see it as an asset. I get your point OP but is the distinction really important? You worry too much what the government can do, it's not like they have full control, unless you consented control of your bitcoins to them.

[leonair]

Bitcoin is a currency, an investment. Its use is up to the individual, and there is nothing wrong with people just seeing it as an investment. If you don't like to use it for investment, then you can use it as currency, you don't need to care about others. You just have to remember that, as long as bitcoin creates value and benefits people, that's bitcoin success.

Yes true. Bitcoin is not used for any specific purpose.  The price of Bitcoin is always fluctuating so it is profitable to invest in it and anyone can use it as a payment medium or as a means of saving money. many people also use Bitcoin for gambling  But I think it is used more as a potential investment. however, based on the population of Bitcoin, it can be predicted that Bitcoin can be used as an international payment method like USD in the future and many places have already started accepting payments in Bitcoin and it only needs to spread.

[Party24*7]

however, based on the population of Bitcoin, it can be predicted that Bitcoin can be used as an international payment method like USD in the future and many places have already started accepting payments in Bitcoin and it only needs to spread.

Given bitcoin's volatility, it is still more suitable as an investment or commodity than as a payment method. Many places are trying to accept bitcoin as a method, but not as many as you say, and they aim to make an impression, not make bitcoin a natural means of payment. Even on this forum we are discussing investment more than currency.

[Solosanz]

If I live in a country where Bitcoin can be used as a currency, I will use Bitcoin as a commodities and currency at the same time.

I will not hold any cash anymore, I will convert all of my cash into Bitcoin and make some diversifications to other commodities e.g. gold and stock. If people are saying Bitcoin is better being a commodities than a currency, what's the reason to have cash when there's always inflation happen every year. If you don't have cash and you only have Bitcoin, but you want to buy a burger to eat, would you only hold Bitcoin and not spent it just for a burger? that's not make sense.

[drwhobox]

Bitcoin was a digital currency. bitcoin is a digital currency and bitcoin will be a digital currency no doubt. Forget what people now think bitcoin is, focus on how many of people around you know about bitcoin. If people do not know about bitcoin they cannot use it as a currency or alternative of fiat. All I can say is we are on right track to establishing the goal of bitcoin.

[ethereumhunter]

Bitcoin is a currency, an investment. Its use is up to the individual, and there is nothing wrong with people just seeing it as an investment. If you don't like to use it for investment, then you can use it as currency, you don't need to care about others. You just have to remember that, as long as bitcoin creates value and benefits people, that's bitcoin success.

It's better to use bitcoin as an investment if you can't use it as currency, especially if your country doesn't allow it as a means of payment. At the very least, by using bitcoin as an investment, you are already trying to prepare your future to improve. And when your country allows bitcoin as a means of payment, you already have more bitcoins and I don't think you want to use them because you must feel that bitcoin is too valuable to be a means of payment.

[Frankolala]

Bitcoin was created to give users financial freedom for them to bypass banks,have a fast transaction with low transaction fee. It is an alternative method of payment because not everybody will use bitcoin,even if it is legalized by all countries.

Bitcoiners don't see bitcoin as an alternative method of payment anymore,they have come to understand that bitcoin is an asset due to its volatile nature,and this is the fact. Everyone knows what bitcoin is to them,either they see it as a digital currency which they use daily due to the high level of privacy and the fastest means of payment. Some take it as an asset which they invest in to make profit at the long run and some as a store of value to keep their funds save from inflation.

[Stalker22]

It is interesting to see how the usage of Bitcoin has evolved over time. While originally designed as a digital currency and payment system, it has now become a popular investment tool. It is difficult to predict whether Bitcoin will continue to succeed as an investment, but it is important to remember that there are still practical uses for it. There are still merchants and businesses that accept Bitcoin as a form of payment. I do not think that this will change in the near future. And I do not think that it is wise to completely ignore the possibility that Bitcoin could become a widely adopted currency.

[Zaguru12]

The main purpose of bitcoin is to act as an alternative currency to the fiat as a payment method or gateway. But recently Due to the devaluation of the fiat and the ability of bitcoin to hedge against inflation has drive many to use the bitcoin as an investment tool. And with the way the fiat crises and bank crises are growing gradually it will remain so. Also bitcoin has a limited supply which makes a huge advantage to been use as a store of value.

[blackened515]

The main purpose of bitcoin is to act as an alternative currency to the fiat as a payment method or gateway. But recently Due to the devaluation of the fiat and the ability of bitcoin to hedge against inflation has drive many to use the bitcoin as an investment tool. And with the way the fiat crises and bank crises are growing gradually it will remain so. Also bitcoin has a limited supply which makes a huge advantage to been use as a store of value.

Devalue fiat currency is absolutely the cause of poor economy infrastructure and low budgets estimated for the citizens. Bitcoin will surpassed fiat currency in the future, it have already stand out to portrayed profits to the investors and it's really a good news for those that have access to purchase bitcoins. It's popularity is growing and we ought to stand our ground and invest wisely because this is cryptocurrency, one never can predict what will happen next.

[thecodebear]

Yes of course Bitcoin is a currency. People can view it as an investment because it is a hard currency and is in the early stage of adoption and so therefore beyond just being a currency it is also the best investment in the world and will continue to be that for some years to come.

I guess it is a little concerning how many people only view Bitcoin as an investment and they don't realize it is a currency. Like my mom (who even owns bitcoin) thought I held my bitcoin on Coinbase and I was like what no I hold it myself. And she literally asked me how is that possible lol. She didn't even know you can store bitcoin yourself, cuz she just thinks its an investment like a stock that only exists on exchanges.

It's an education problem. The price movement and growth is the most public thing about Bitcoin so people just think of it as some financial asset like a stock. You can even see this in how it trades lately - Bitcoin being affected by Fed interest rate changes even though interest rates have no effect whatsoever on Bitcoin, because lots of people who buy and sell Bitcoin just think about it as some sort of stock, and stocks area affected by interest rates because companies are affected by interest rates.

The general public probably won't think of Bitcoin as a currency until it is actually easy to use as a currency to buy things. And we're probably a decade away from that.

[KiaKia]

Well, all you need to do is compare Bitcoin to your local currency, you should already have the answer because Bitcoin is simply a better store of value than Fiat, it was created to have better value, it's limited in max supply is enough to confuse you or anyone, unlike Fiat currency that's been printed anytime they like, the scarcity of anything will automatically creates value, if this is why people want to buy and hold bitcoin, there is nothing bad in this.

Bitcoin caught the government red handed, and that's they the government doesn't want Bitcoin to be a store of value because it's stealing the people away from Fiat and the government doesn't want that.

[Fiatless]

People have different reasons for joining the Bitcoin industry. Some intend to use it as a currency to promote their privacy while others see it as an investment platform. Sometimes the transaction fees of using bitcoins as a currency might discourage people from using it for paying for goods and services. And people prefer to use fiat to buy mostly petty goods.

The rate of inflation and constant loss of value of the currency of most countries have made many people use Bitcoin as a hedge against inflation and devaluation. Many countries restrict the use of Bitcoin as a means of payment thereby forcing citizens to embrace Bitcoin only as an investment opportunity.

NB: Using headings for large posts like this will make it easier and faster to read. But I commend your effort Op.

[hatshepsut93]

The number one reason why people don't use Bitcoin as a currency is its volatility. Imagine you are a business and you accept Bitcoin, and suddenly it crashes by 30% and now you are short on money for your operational costs. Or the opposite - you took a Bitcoin loan, Bitcoin jumped up by 50% and now you owe more money than you took, basically suffering a loss. A partial solution could be tying Bitcoin prices to its market price, but it would create problems too. Someone can order an item, then cancel it after a week and the seller will have to return a different amount of money.

[Aikidoka]

I see bitcoin Blockchain as a country, where those who  works there are paid with Bitcoin "just like how every country pays their citizens working with the country currency (those who receives salary in other currency in a country, obviously works in an organization that is not from their own country)" and this is when the worker validate a block.

OK, I've read all what you said, and while most of what you say is correct, I don't think it's accurate to refer to blockchain as a country, while it may be useful to compare blockchain to a local currency, I see it more as a large database that records all Bitcoin transactions. Its primary function is to serve as a proof of transaction and prevent fraud.

I'm not exactly sure what you're trying to explain here or to add to the forum, but if you're suggesting that Bitcoin is not meant to be used to earn money, then I think that's wrong. Bitcoin is a digital currency that can be used just like any other currency to buy goods and services or to send to someone. The advantage of Bitcoin is that it offers more control and faster transaction times compared to FIAT. You can send BTC to anyone in the world within seconds, with fees that you can choose to set. So, it's possible to earn Bitcoin by accepting it as payment for products or services rendered, or by trading it on exchanges like any other currency.

[Supreemo]

different people have different perspective towards bitcoin, some see it as a a store value, while others see it as only a digital currency, although it is too much to say to prove someone's point both are still acceptable. i agree from someone saying here too that there are some who are afraid to use it as a store value or currency due to its volatility, but remember that initially bitcoin is created with these things in mind so that depends on how you view this technology.

[carlfebz2]

The number one reason why people don't use Bitcoin as a currency is its volatility. Imagine you are a business and you accept Bitcoin, and suddenly it crashes by 30% and now you are short on money for your operational costs. Or the opposite - you took a Bitcoin loan, Bitcoin jumped up by 50% and now you owe more money than you took, basically suffering a loss. A partial solution could be tying Bitcoin prices to its market price, but it would create problems too. Someone can order an item, then cancel it after a week and the seller will have to return a different amount of money.

It doesnt really fit out on the criteria but making use of it as an alternative then it would do but speaking about on being main currency? Lets just accept the fact that it cant really be just that possible. There's no

way that it would really be treated such considering about its properties and characteristics then it doesnt really fit out into that certain position.It isnt really that bad on being optimistic but going that far
and believing and making yourself that too expecting that it would be coming into this point then you would really make yourself disappointed.

Just go with the flow and as long you do make money out of its movement then it would be better if you do focus on this one.

[bosede1]

Your claim is right that Bitcoin is a digital currency that is used as a means of payment, apart from this it is also an investment avenue for people. Don't know the reason why you won't want people to look at the investment side of Bitcoin because as an innovative and curious person, you should always see an advantage in positive things why miss out on this?

[Rruchi man]

Most people being introduced into bitcoin sees bitcoin as a means of investment, precisely since 2018. They don't even care of knowing what it is use for, all they care about is that they can make money from it and this flaw has been exploited by the government and now most countries legalising Bitcoin, legalised Bitcoin as an asset instead as an digital currency.

Your post is quite a length, but from the little I understand is that this discussion is to address the fact that many people see bitcoin as something to invest in rather than the whole image of it where it should also be used as a currency even first even before an investment opportunity. The investment opportunity in bitcoins is very attractive, and if it were just for currency that bitcoin can be used, buying of bitcoins will be low because many people care less about a new currency.

[GeorgeJohn]

It's our wrong understanding of bitcoin that make us to see Bitcoin in another ways or giving the definition of bitcoin base on our perspective, Yes, bitcoin is a digital currency and it purpose of creation is not to be a competitor with a fiat currency or rather been a helping hand to fiat's currency, so one of the major thing many people embrace bitcoin or adopt bitcoin as an investment option it's because bitcoin is an asset and it can appreciate and also decreases, so making a point that bitcoin is not an option for investment" so from my perspective I don't think that information is ideal or can be considered as a welcomed development.

[TimeTeller]

Most people being introduced into bitcoin sees bitcoin as a means of investment, precisely since 2018. They don't even care of knowing what it is use for, all they care about is that they can make money from it and this flaw has been exploited by the government and now most countries legalising Bitcoin, legalised Bitcoin as an asset instead as an digital currency.

Your post is quite a length, but from the little I understand is that this discussion is to address the fact that many people see bitcoin as something to invest in rather than the whole image of it where it should also be used as a currency even first even before an investment opportunity. The investment opportunity in bitcoins is very attractive, and if it were just for currency that bitcoin can be used, buying of bitcoins will be low because many people care less about a new currency.

I believe the reason why most are looking at this market as investment is owed to its high volatility aspect.
Because of its volatile nature, a lot are seeing this as an asset that they can get high profits from.
Not because they want to use this currency for their daily expenses, but an investment where they can wait for certain period to cash out.
This is why some people are getting disappointed if they are not seeing their holdings to get high gains.

[bettercrypto]

If only bitcoin is handled like a Fiat currency, then obviously Bitcoin will no longer be called a digital currency. That's why it's called digital not physical money and now because of business people who believed in bitcoin they gave it value until it increased little by little who invested in it which is the reason why its value in the market increased.

      So, it means that the main thing that has been good about bitcoin is that it has a technology in which the blockchain is the reason why it was embraced by investors, so most of them believed in it as a good long-term investment and time has proven it. that have passed.

[ChiBitCTy]

I couldn't agree more with you and what makes me really happy reading this is you changed!  I studied bitcoin for an entire year before ever buying..I read books, I read articles , I watched YouTube videos etc.  I've always "been in" bitcoin for the technological breakthrough that it is.  Now of course I see it as an investment now too...but I was there for the days where it was worth very little.  Working in finance, and knowing how corrupt the banks are, I was absolutely excited about what it meant in terms of an alternative to banks...a decentralized digital currency (it just now happens to also be an investment by nature).

[blue Snow]

I prefer to see bitcoin being accepted as a digital currency and not as an asset or anything because that what it is.

As another member said above, your post is very long and kinda tired of reading it, but I will draw conclusions from the last sentence.

So dude, how you got feel that Bitcoin is only acceptable for payment and digital currency? did you reading the Bitcoin white paper then you write this thread?

You should know, in my country, bitcoin is illegal for payment, or not as a digital currency, but in that case, we are here shall and legally to keep bitcoin as an asset investment such as gold, silver, or any kind of asset. And, Even we are a bit off from the white paper, but still, we (as bitcoin enthusiasts) hope an exception for bitcoin (to be a digital currency) in next in near future.

to make it able, (if I have time and have finished law school) I'll try to compose the draft law to be submitted to the senate.

[jaberwock]

As another member said above, your post is very long and kinda tired of reading it, but I will draw conclusions from the last sentence.

So dude, how you got feel that Bitcoin is only acceptable for payment and digital currency? did you reading the Bitcoin white paper then you write this thread?

You should know, in my country, bitcoin is illegal for payment, or not as a digital currency, but in that case, we are here shall and legally to keep bitcoin as an asset investment such as gold, silver, or any kind of asset. And, Even we are a bit off from the white paper, but still, we (as bitcoin enthusiasts) hope an exception for bitcoin (to be a digital currency) in next in near future.

to make it able, (if I have time and have finished law school) I'll try to compose the draft law to be submitted to the senate.

It only shows that you guys are lazy hehe. There is nothing wrong in writing a wall of text but of course it must be informative and non just non-sense. Moving on, Bitcoin is not only limited as a payment method but it can also be used as an asset just like a Gold, Stock, Real Estate and similar stuffs in which people can invest and make profits. In which country do you live buddy? I feel sorry for you because you can't fully enjoy the benefits of Bitcoin but you are still considered to be lucky because you can still use your Bitcoin as an asset.

In many countries, where Bitcoin is fully legal, most people there are only using their BTC as an asset too. They think spending their BTC directly is a waste while some find it hard due to the fees, speed and complexity. Not to mention the acceptance of merchants.

[dlightag]

Bitcoin is a digital currency that is perfectly work online as a means of payment and also trading and investment as it applies, Bitcoin is an asset which has more opportunities to invest now, for a future usage. In other words Bitcoin is gradually growing or spreading across the globe as time goes on and more people are entry Bitcoin business in one way to another, which is one of the easier and educative online business to some have to do as a part time or full time job and get rewards.

[Quidat]

Bitcoin is a digital currency that is perfectly work online as a means of payment and also trading and investment as it applies, Bitcoin is an asset which has more opportunities to invest now, for a future usage. In other words Bitcoin is gradually growing or spreading across the globe as time goes on and more people are entry Bitcoin business in one way to another, which is one of the easier and educative online business to some have to do as a part time or full time job and get rewards.

But surprisingly due to being optimistic of its existence on where there are people who do even believe that it would be able to replace fiat soon which is something that it is really that too much
of a claim. Bitcoin is really a digital currency and it was really made off that way on the first place, it did really just happen that it turns out that it do functions that we ll which is something that
could go in par with the current fiat but i couldnt really see any reason or possibility that it would be replacing the traditional things. Its better to appreciate on what it does and what
are the things that it benefits out.

[DiMarxist]

Bitcoin is digital currency and it have influence over the nations which many people have queue up for it's technology. Bitcoin is a digital currency that is perfectly work online as a means of payment and also trading and investment as it applies, Bitcoin is an asset which has more opportunities to invest now, for a future usage, a user must prove.
And  bitcoin is made to for transfer money in internet.the digital currency was intended to provide an alternative payment system. Bitcoin is going to be a continuous process of digital currency.

[BVeyron]

Most people being introduced into bitcoin sees bitcoin as a means of investment, precisely since 2018. They don't even care of knowing what it is use for, all they care about is that they can make money from it and this flaw has been exploited by the government and now most countries legalising Bitcoin, legalised Bitcoin as an asset instead as an digital currency.

 I was once among these set of people who just sees Bitcoin as a means of investment not until I joined this Forum, where I saw a reason to read the Bitcoin Whitepaper and did research about how it helps in the field which it was created for.
Bitcoin as digital currency was created to make online payments to be sent from one party to another without the need of an intermediary.

The problem with BTC and other cryptocurrencies is that nearly none of the business initiatives accept payments directly in crypto. In this case, exchange is needed, and exchange hubs are controlled by fiat banks and the world's richest tycoons. Without these things all the cryptocurrencies will become nothing just in a second. That's the way cryptotrade is controlled by fiat-backed structures.

[Lida93]

Actually Bitcoin stored in centralized exchange and banks are same, you're don't have full control over your money.

There's no big difference between a centralized exchange and banks actually, only that with your money in centralized exchange you are able to use it to trade at any point in time, you can choose to use it all and you don't need to go through so much paperwork before been allowed to do so unlike with the traditional banks. We can ascribe centralized exchange to be the banks of the 21stC cause just like the traditional banks they also do work with KYC only that they're are mostly crypto focused.  Even though they help facilitate the easy use of bitcoin for various purposes it still doesn't sound wise to keep your asset lying in CEX as it's not just safe.

[fredericktaylor]

Bitcoin is a digital online currency. The main reason for Bitcoin's worldwide popularity is its price volatility. Bitcoin is often referred to as a cryptocurrency because it uses cryptographic techniques to secure transactions and create new units. Traders are investing in Bitcoin as a digital currency and reaping long-awaited profits.

[Z390]

What if I own a silver dollar? Technically, it's still a currency but most people see it as an asset. I get your point OP but is the distinction really important? You worry too much what the government can do, it's not like they have full control, unless you consented control of your bitcoins to them.

You are very right Obito, but you mentioned that most people sees Bitcoin as an asset, don't you? I don't believe that most people just see Bitcoin as an asset, I believe Bitcoin positioned itself more like an asset, because the Volatility is obviously creating buying opportunities for the future Bitcoin investors, even an unborn baby will have his chances with Bitcoin because of volatility, what we don't want to do is buying high and selling low, it should be the other way around.

If you can buy low and sell high, that makes it an asset because you need to hold for long term for the selling time to ripe, you holding and keeping it makes it an asset, it adds value in time, to me Bitcoin is more of an asset than digital currency.

[nur rochid]

What if I own a silver dollar? Technically, it's still a currency but most people see it as an asset. I get your point OP but is the distinction really important? You worry too much what the government can do, it's not like they have full control, unless you consented control of your bitcoins to them.

You are very right Obito, but you mentioned that most people sees Bitcoin as an asset, don't you? I don't believe that most people just see Bitcoin as an asset, I believe Bitcoin positioned itself more like an asset, because the Volatility is obviously creating buying opportunities for the future Bitcoin investors, even an unborn baby will have his chances with Bitcoin because of volatility, what we don't want to do is buying high and selling low, it should be the other way around.

If you can buy low and sell high, that makes it an asset because you need to hold for long term for the selling time to ripe, you holding and keeping it makes it an asset, it adds value in time, to me Bitcoin is more of an asset than digital currency.

for beginners it is undeniable that by buying bitcoin we will get more profit from the price volatility that occurs, therefore it is not surprising that more and more people are joining to put their money in bitcoin investment. after they enter, you must be patient to wait for the profits to come. that is what is more popular than bitcoin than its use as a digital currency, just enjoy the benefits and dare to take opportunities to invest, and the rest if regulations have been established then we are already in the line of changing times

[Gallar]

now most countries legalising Bitcoin, legalised Bitcoin as an asset instead as an digital currency.

I don't think you know about the country of el Salvador which is currently successfully adopting bitcoin as a legal tender in the country. So with this fact it can be concluded that your argument is not quite right. So it's best before you make a post related to bitcoin, you have to look for complete references in the article you are writing, so that your post doesn't have any obvious mistakes. Because you mentioned several countries only legalize bitcoin as an investment asset. In my personal opinion, making bitcoin as an investment asset is also not something bad, because it mostly has a positive impact on investors. So it's not wrong to make bitcoin an investment asset, because basically even if it is used as an investment asset, it can still be used as a means of payment if needed.

I know people have various view of Bitcoin as some view it as an alternative to digital gold so they see it as a means of investment , some sees it as something that gives them total control of their money while they are other views but this is the most common aside from what it was created.
Though, they have a solid reason to justify their claims but in the end this is not the main reason or use for Bitcoin. It is just a part feature that bitcoin offer as a digital currency.

Having an opinion like that about bitcoin in my opinion is a pretty good thing, because with opinions like that among bitcoin enthusiasts, it definitely indirectly makes bitcoin a more multi-use asset.

[Amphenomenon]

I don't think you know about the country of el Salvador which is currently successfully adopting bitcoin as a legal tender in the country. So with this fact it can be concluded that your argument is not quite right. So it's best before you make a post related to bitcoin, you have to look for complete references in the article you are writing, so that your post doesn't have any obvious mistakes. Because you mentioned several countries only legalize bitcoin as an investment asset. In my personal opinion, making bitcoin as an investment asset is also not something bad, because it mostly has a positive impact on investors. So it's not wrong to make bitcoin an investment asset, because basically even if it is used as an investment asset, it can still be used as a means of payment if needed.
, because with opinions like that among bitcoin enthusiasts, it definitely indirectly makes bitcoin a more multi-use asset.

It workout for El Salvador But that doesn't mean it is the right way because it makes it possible for government to get task from it and this was not was stated by Satoshi in the Whitepaper.

[Vinaa77]

Bitcoin is a digital online currency. The main reason for Bitcoin's worldwide popularity is its price volatility. Bitcoin is often referred to as a cryptocurrency because it uses cryptographic techniques to secure transactions and create new units. Traders are investing in Bitcoin as a digital currency and reaping long-awaited profits.

Now technology is growing, and of course related to digital names. now some identical work is being done with technology and digitally, it seems that digital currency is really needed for this, and Bitcoin is a decentralized digital currency, and actually they can use it as an alternative transaction or other needs, as well as other things that can done with Bitcoin because he can benefit everyone who has it.

[Rupok]

Thank you for your very well written and detailed explanation of Bitcoin. As Bitcoin has developed as an asset, people think about it in many different ways.As such I always try to hold bitcoins in my fund for the long term.  But some people want to convert bitcoin to gold, and some are building houses by converting bitcoin. To me, bitcoin is just an investment way to fulfill my dreams.However Bitcoin is profitable to invest and anyone can use it as a means of payment or as a means of saving money. So people have different positive and negative views towards Bitcoin as some see it as an alternative to digital gold and some also use Bitcoin for gambling.Everyone has the right to use Bitcoin according to their own convenience.

[imamusma]

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Now technology is growing, and of course related to digital names. now some identical work is being done with technology and digitally, it seems that digital currency is really needed for this, and Bitcoin is a decentralized digital currency, and actually they can use it as an alternative transaction or other needs, as well as other things that can done with Bitcoin because he can benefit everyone who has it.

Bitcoin is an alternative payment solution besides fiat payments. The increased adoption has allowed many people to utilize bitcoin to pay for any goods or services as long as both parties agree on a type of payment. Its price volatility also allows anyone who trades and invests to profit, but it also allows them to suffer losses as long as it is not managed properly. So apart from being used as a means of payment, bitcoin is also a profitable asset.

[cryptodude]

Of course Bitcoin is a digital currency. It is a centralized digital money that uses block technology that works on peer to peer network. It was created in 2009 by Satoshi Nakamoto. Bitcoin records all transaction information through block technology and makes it public which ensures transparency and security. Currently, online shopping through Bitcoin is used for various purposes including investment and remittance. But Bitcoin is the most profitable to invest in as it fluctuates a lot. In the future Bitcoin may take the place of the current USD in international currency exchange.

[ringgo96]

Currently Bitcoin is a very valuable thing that many investors invest in, and Bitcoin is a digital currency that has been legalized by some countries, and has also become legal tender even though this only applies in some countries, but I believe there will be a special protection that will be made by the government because Bitcoin is a very valuable asset for the future, And bitcoin has implemented a high security system.

[Agbe]

Bitcoin can be used as an asset and also a currency. Bitcoin is an asset in the sense that is something we possess and have value that is why we refer it as an asset . Bitcoin is a currency because it is use to buy things online and also transfer like the real money of a Nation.
These are the two ways bitcoin is used. So you should not confused yourself.

[someone703]

Bitcoin has gained considerable popularity as an investment asset, and many people have chosen to invest in it with the expectation of potential upside. Bitcoin's decentralized nature, limited supply, growing interest from institutional investors, and mainstream adoption have all contributed to its investment appeal. The price of Bitcoin has historically experienced significant fluctuations, which presents an opportunity for traders and investors to profit from price movements. Although Bitcoin was originally created as a digital currency, its characteristics as a decentralized and deflationary asset have led to the perception of it as "digital gold" or a store of value. This perception has fueled the investment narrative surrounding Bitcoin. It is essential to realize that Bitcoin's value as an investment comes from its underlying technology, the blockchain, as well as its potential to revolutionize the financial industry and reshape the way transactions are made. The use of bitcoin as a digital currency and its investment potential are not mutually exclusive; they complement each other in the broader ecosystem.

[Gladitorcomeback]

Bitcoin can be used as an asset and also a currency. Bitcoin is an asset in the sense that is something we possess and have value that is why we refer it as an asset . Bitcoin is a currency because it is use to buy things online and also transfer like the real money of a Nation.
These are the two ways bitcoin is used. So you should not confused yourself.

Yes BTC is used for both asset and currency. Bitcoin as an assets is more popular than Bitcoin as a currency. Bitcoin as a currency will be only possible if many countries start dealing through btc and big Platform start accepting it. Bitcoin is till now imagined is fast making profit than real assets. This is the reason people are expecting very big from btc and most of people holding it to become wealthy in future. In most of the countries Btc is not yet legalized but citizens holding it with the Hope that they might be able to buy sell in future.

[rojan]

Currently Bitcoin is a very valuable thing that many investors invest in, and Bitcoin is a digital currency that has been legalized by some countries, and has also become legal tender even though this only applies in some countries, but I believe there will be a special protection that will be made by the government because Bitcoin is a very valuable asset for the future, And bitcoin has implemented a high security system.

Bitcoin Digital Currency People of all countries know about Bitcoin. But as time goes by, the use of Bitcoin will increase.  However, Bitcoin is still not legal in all countries. Bitcoin is still illegal in many countries. But after becoming illegal, many people are using Bitcoin. I heard about this from one of my friends many years ago. I am totally obsessed with Bitcoin. But in my country, the government still allows Bitcoin.  Not declared valid. But I hope it will be declared valid in few years. I am waiting to see it.

[MarjorieZimmermanGinger]

Most people being introduced into bitcoin sees bitcoin as a means of investment, precisely since 2018. They don't even care of knowing what it is use for, all they care about is that they can make money from it and this flaw has been exploited by the government and now most countries legalising Bitcoin, legalised Bitcoin as an asset instead as an digital currency.

Apart from being used for investment bitcoin can also be used for other things, El Salvador has legalized bitcoin as a legal currency so that it can be used like fiat currency usually in other countries to spend the things you want. There are now many online shops that accept bitcoin payments, although this is not yet very widespread in many countries. There are all kinds of people with their own thoughts when they try to recognize bitcoin, but most people realize that bitcoin has far more advantages than fiat currency.

Bitcoin is private and other people don't need to know how much we have and bitcoin can be a source of self-sufficient investment that doesn't need a third party to back it up. There are many advantages that bitcoin provides as an alternative for people who use it and the initial limitations when bitcoin appeared have turned into a much greater benefit for people to this day.

[TheUltraElite]

Currently Bitcoin is a very valuable thing that many investors invest in, and Bitcoin is a digital currency that has been legalized by some countries, and has also become legal tender even though this only applies in some countries, but I believe there will be a special protection that will be made by the government because Bitcoin is a very valuable asset for the future, And bitcoin has implemented a high security system.

Government does not care for Bitcoin or it's security. They are rather scared of its popularity and use among users over fiat. Hence don't think they are going to help bitcoin users at all, other than imposing taxation on capital gains. Becoming a legal tender is a huge thing and there has been a lot of problems about that in the countries that allowed so. But this is something that in a long drawn process and may become better in future as governments become lenient.

For now only focus on the current use of Bitcoin, storing it for future selling and not looking at altcoins.