They believe that Bitcoin is outdated due to a misunderstanding.

[m2017]

Bitcoin started the trend for blockchain technology, and we're thankful for that. But it doesn't really do what it originally meant to do anymore.

It happens. You can consider this an bitcoin's evolution.

Most people who invest in Bitcoin plan to keep it for a long time, like around 80%, according to statistics. The current idea that seems like a sure thing is to buy small amounts over time and hold onto it.

And after that - to sell for profit. There is nothing unusual about this.

Remember when Bitcoin was supposed to be used for sending money directly to each other? I know there are ways to make it faster and cheaper, but there are newer and better choices now. Plus, the price needs to be steadier to work as money you can use every day.

There is a significant drawback, all those cheap and fast ways - this is the complete lack of decentralization.

I doubt that the bitcoin will ever return to its former purpose (direct sending of digital money from user to user). Now bitcoin is an investment tool, like it or not, but it remains only to take it for granted.

Some people say Bitcoin is great to keep your money safe. I don't get that. A good way to keep your money safe means its value doesn't change much. But Bitcoin's value goes up and down a lot, so it's risky. Why trade the safety of government-backed insurance for something that can change so much?

Not understanding doesn't mean it doesn't work.

Through fluctuations, in a sense, growth occurs. That is, it is impossible to grow constantly upwards, there will definitely be falls and fluctuations. Stock markets work that way.

Also, the price is going up mainly because people think it will. Everyone's buying Bitcoin because they think "it went up before, so it will again." Or "it's the main cryptocurrency, so it's valuable." But is it really useful or is it just worth more than it should be? I think it's the second one. And saying other coins should be worth as much as Bitcoin is crazy. Some of those new coins are already being used and have real value.

Bitcoin will continue to go up and people will either begin to use it as it was intended again or is it possible for it to become obsolete.

The question of usefulness is rhetorical. If people buy, then it already has value. At least abstract.

[Jon_Hodl]

Most people who invest in Bitcoin plan to keep it for a long time, like around 80%, according to statistics. The current idea that seems like a sure thing is to buy small amounts over time and hold onto it.

Remember when Bitcoin was supposed to be used for sending money directly to each other?

Bitcoin is money for any two or more parties who are willing to accept it as a store of value, medium of exchange, and a unit of account. I know lots of people who send it directly to each other all the time.

I know there are ways to make it faster and cheaper, but there are newer and better choices now. Plus, the price needs to be steadier to work as money you can use every day.

Guess what is going to make the price steady? People who hodl it and don't sell back to an exchange. The very people who plan to hodl for years and years are the ones who are preventing the price from collapsing. Hodlers set the price floor and after each and every halving, the price pumps, new users come to bitcoin and learn how to self-custody their sats and the price floor continues to rise.

Some people say Bitcoin is great to keep your money safe. I don't get that. A good way to keep your money safe means its value doesn't change much. But Bitcoin's value goes up and down a lot, so it's risky. Why trade the safety of government-backed insurance for something that can change so much?

It's quite obvious that you don't "get that". A good way to keep your money safe is to ensure that you actually control it and that nobody can prevent you from sending and receiving it. Bitcoin puts us in control of our own money and not the banks that are in bed with the government. There is no "safety of government-backed insurance". That's just a manipulation to trick you into giving them control over all of your wealth. The entire fiat system is a fucking lie that is designed to transfer the value of your labor to those who are in control of printing money.

Bitcoin will continue to go up and people will either begin to use it as it was intended again or is it possible for it to become obsolete.

People will use it however they want and every time the price dumps, that just means that bitcoin is moving from people who no longer want it to the people who do want it. Those of us who understand bitcoin and the basic tenets of money know that it will take a lot more than "people don't spend it enough" to make it "obsolete".

[Fiatless]

Most people who invest in Bitcoin plan to keep it for a long time, like around 80%, according to statistics. The current idea that seems like a sure thing is to buy small amounts over time and hold onto it.

Everything that the price appreciates is good for investment. People also buy gold and even other currencies and keep them till it becomes profitable.

Remember when Bitcoin was supposed to be used for sending money directly to each other? I know there are ways to make it faster and cheaper, but there are newer and better choices now. Plus, the price needs to be steadier to work as money you can use every day.

People still use bitcoin for payment but it is not widely spread due to government policies and regulations. The price of bitcoin is not stable because it is currently speculative. But in the future, it might become stable.

Some people say Bitcoin is great to keep your money safe. I don't get that. A good way to keep your money safe means its value doesn't change much. But Bitcoin's value goes up and down a lot, so it's risky. Why trade the safety of government-backed insurance for something that can change so much?

Investing in the bitcoin market is not for everybody. It is for those who invest what they can afford to lose. And you cannot compare the profitability of bitcoin with other less risky investments.

Also, the price is going up mainly because people think it will. Everyone's buying Bitcoin because they think "it went up before, so it will again." Or "it's the main cryptocurrency, so it's valuable." But is it really useful or is it just worth more than it should be? I think it's the second one. And saying other coins should be worth as much as Bitcoin is crazy. Some of those new coins are already being used and have real value.

What is the worth of a designed paper called fiat? Its value is on its acceptance as a legal tender. Bitcoin is even more valuable because it costs some amount of resources to mine. The real worth of bitcoin is the adoption and acceptance by people that it is a valuable currency and asset.

Bitcoin will continue to go up and people will either begin to use it as it was intended again or is it possible for it to become obsolete.

No valuable thing ever becomes obsolete. Gold has been in existence for ages but it is still valuable. As much as bitcoin remains valuable it will never be outdated.

[yudi09]

-snip-

The topic description with the title is not related to each other.

People who think bitcoins are out of date are that they are out of date. Blockchain technology is an invention with the times so that people who say bitcoin is out of date are those who have never lived in an era of technological progress.

I hope the person who said that wasn't you. If you are the one who says that, then you are out of date when people are preparing bitcoin as a form of progress in the financial system.
If those who say bitcoin are bankers, then ignore these words because they are people who don't want financial freedom to happen.

[348Judah]

Bitcoin started the trend for blockchain technology, and we're thankful for that. But it doesn't really do what it originally meant to do anymore.

What has bitcoin ceased to do or be ever since inception, once the network protocols does not change that bitcoin becomes centralized such that some can manipulate it, the value and acceptance remains the same.

Most people who invest in Bitcoin plan to keep it for a long time, like around 80%, according to statistics. The current idea that seems like a sure thing is to buy small amounts over time and hold onto it.

Maybe we shouldn't assume upto that rate as you've stated that 80% are long time investors, some prefer using bitcoin for their daily spendings instead of fiat, some is to have their privacy and control, some trades and some are whales who hodl for long, but i don't think we can have upto that rate in numbers of bitcoin holders.

Remember when Bitcoin was supposed to be used for sending money directly to each other? I know there are ways to make it faster and cheaper, but there are newer and better choices now. Plus, the price needs to be steadier to work as money you can use every day.

We should stop comparing bitcoin with fiat, bitcoin can perform every use we can take with fiat and many more others, bitcoin transaction is faster, cheaper and transparent.

[lixer]

Some people say Bitcoin is great to keep your money safe. I don't get that. A good way to keep your money safe means its value doesn't change much. But Bitcoin's value goes up and down a lot, so it's risky. Why trade the safety of government-backed insurance for something that can change so much?

Also, the price is going up mainly because people think it will. Everyone's buying Bitcoin because they think "it went up before, so it will again." Or "it's the main cryptocurrency, so it's valuable." But is it really useful or is it just worth more than it should be? I think it's the second one. And saying other coins should be worth as much as Bitcoin is crazy. Some of those new coins are already being used and have real value.

So are you against Bitcoin or what? Most of the points that you tried to explain indicate that you don't like Bitcoin or the fact that it has grown significantly over the course of its existence, however, I don't think that will change anything, 1 Bitcoin will still be worth what it is even after your post or your thoughts about how useless or overhyped it is which isn't true in the real sense because you are not making sense at a lot of places in your post.

Keeping your money safe doesn't mean them not losing value at all, it simply means that you are the only one having access to your money and you also have the opportunity to convert them to another currency when you feel they might get devalued since the price of Bitcoin is volatile.