Bitcoin IS an asset. Do you think it's bad?

[Alpha Marine]

I don't want to say that it's bad, it's just surprising me. I created a thread where I asked if people think that Bitcoin will become stable enough to become a new currency cos I thought it was the whole idea, but everyone was telling me that it will always fluctuate and it's just a method to earn money.

What do you guys think about that? Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks?

Bitcoin is an asset. It is also a currency. We should see it as both. For now, Bitcoin is too volatile to be a currency. Even now with the high network fee, it is almost impossible to use Bitcoin as a means of payment for relatively small transactions. It's too unstable for now. But saying it will never be stable enough is what I don't agree with. Bitcoin will get stable with more adoption. 
Bitcoin constantly fluctuating is not a bad thing, every single fiat fluctuates. It's volatility that is the problem.

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1715142481

[Botnake]

It depends on how we see it individually. It could be good and profitable for others while some only see it as full of risk and disappointments. But if you are highly knowledgeable and has lot of experiences in crypto, you will know and realized that bitcoin as an asset brings a lot of potentials and positivity in life. And it could give us a breakthrough and create life changing decisions in our life once we are motivated with bitcoin.

[Minhxx]

yes, bitcoin is a great asset. But to overthrow the current banks like Fee is a big problem

[crypticj]

yes, bitcoin is a great asset. But to overthrow the current banks like Fee is a big problem

That is the problem. It can't overthrow banks if we just see it as an asset because people won't use it like people use banking system.

[irhact]

Bitcoin is an asset. It is also a currency. We should see it as both. For now, Bitcoin is too volatile to be a currency. Even now with the high network fee, it is almost impossible to use Bitcoin as a means of payment for relatively small transactions. It's too unstable for now. But saying it will never be stable enough is what I don't agree with. Bitcoin will get stable with more adoption.  
Bitcoin constantly fluctuating is not a bad thing, every single fiat fluctuates. It's volatility that is the problem.

Bitcoin developers has provided a solution for the high fees and the small transaction issues. You can send Bitcoin using the lightening network and it'll be confirmed very fast, with the lightening network you can buy your coffee and not be worried about paying high fees for the transaction to be confirmed. Lightening network has been around for some time now but hasn't received much adoption yet.

If we can increase the adoption of lightening network by most business then we can achieve full adoption of Bitcoin without having to worry about high fees and slow confirmation rate and with this Bitcoin can be used as more of a currency but it'll always be an asset.

[S A KHAIR]

yes, bitcoin is a great asset. But to overthrow the current banks like Fee is a big problem

But bitcoin is not responsible for toppling banks, and do you think the government will allow that to happen? As long as they feel bitcoin really harms the bank, we won't see bitcoin any more soon. Don't think bitcoin is decentralized they can't do anything, they can erase the whole earth if they want, then bitcoin is nothing to them. But bitcoin was not created to replace or destroy banks, it is an alternative, and they have the right to accept it or not.

[Rabata]

yes, bitcoin is a great asset. But to overthrow the current banks like Fee is a big problem

That is the problem. It can't overthrow banks if we just see it as an asset because people won't use it like people use banking system.

Currently people have gained a good knowledge about Bitcoin and if this trend continues in the future Bitcoin will be able to overtake any other financial institutions. As of lately Bitcoin has occupied a positive place in the whole world. Many people in the world now think Bitcoin as a bank. Confidence in the banking sector is falling while rising in Bitcoin. People are slowly getting educated and moving forward in Bitcoin education. I believe Bitcoin will be officially legalized in many countries in the next few years. We are already seeing how El Salvador is moving forward with Bitcoin legalization. Bitcoin is playing a big role for the development of that country. Many people may not have known this country before, but now they are dreaming of building big companies in this country. Its essence is to provide sufficient facilities in all matters, by having only positive trust in Bitcoin.

[posi]

yes, bitcoin is a great asset. But to overthrow the current banks like Fee is a big problem

That is the problem. It can't overthrow banks if we just see it as an asset because people won't use it like people use banking system.

Currently people have gained a good knowledge about Bitcoin and if this trend continues in the future Bitcoin will be able to overtake any other financial institutions. As of lately Bitcoin has occupied a positive place in the whole world. Many people in the world now think Bitcoin as a bank. Confidence in the banking sector is falling while rising in Bitcoin. People are slowly getting educated and moving forward in Bitcoin education. I believe Bitcoin will be officially legalized in many countries in the next few years. We are already seeing how El Salvador is moving forward with Bitcoin legalization. Bitcoin is playing a big role for the development of that country. Many people may not have known this country before, but now they are dreaming of building big companies in this country. Its essence is to provide sufficient facilities in all matters, by having only positive trust in Bitcoin.

You need to know one thing that the government is behind running the banks and if people are slowly turning to bitcoin and giving up banking. What would make you think the government will legalize bitcoin more in the future when it harms them more? I'm a bitcoin investor and love it, but the reality is the banks in the US are in turmoil, but the world banking industry is fine right now, and people continue to believe in it.
One more thing bitcoin is a better alternative than spreading it will be a replacement for the bank, war with the banks or government has never been in our favor.
As for El Salvador, I'm not saying they failed, but we haven't seen them grow since accepting bitcoin as legal tender, and they're just a small country, nobody will care, and they don't affect the world economy.

[crypticj]

You need to know one thing that the government is behind running the banks and if people are slowly turning to bitcoin and giving up banking. What would make you think the government will legalize bitcoin more in the future when it harms them more? I'm a bitcoin investor and love it, but the reality is the banks in the US are in turmoil, but the world banking industry is fine right now, and people continue to believe in it.
One more thing bitcoin is a better alternative than spreading it will be a replacement for the bank, war with the banks or government has never been in our favor.
As for El Salvador, I'm not saying they failed, but we haven't seen them grow since accepting bitcoin as legal tender, and they're just a small country, nobody will care, and they don't affect the world economy.

Yes, that's my point. It's obvious that government will do anything to spot bitcoin from becoming a currency. That's why they can even use this trend to say "yes guys, bitcoin is an asset and you can trade it, but we will tax it. But you won't use it as a currency". And it looks like the majority of people will be happy with that because everyone just ignores bitcoin being a currency.

That's why it's literally our fight against governments at this point and out community should protect bitcoin at all costs. But right now I don't really see that people care that bitcoin is in danger.