They believe that Bitcoin is outdated due to a misunderstanding.

[Hewlet]

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.

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? 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.

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.

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.

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[Findingnemo]

Who is they?

No sync to the title and context you wrote in OP.

Even the post doesn't look complete, it must be copied parts by parts from somewhere which is why there is no continuation in the content.

[Razmirraz]

I agree with @Findingnemo No sync to the title and context you wrote, when reading the title it has nothing to do with the context written in Op. I agree with what you explained in the Op about all the advantages of Bitcoin even though the context is incomplete, at least you have a good understanding of the direction and goals of Bitcoin.
People will continue to use Bitcoin because of the great potential in it, the wider adoption of Bitcoin makes people's interest more and more in the future.

[Rockstarguy]

One thing you need to understand about bitcoin is that it is volatile in nature which it goes up and down. The fall of the market price that took place some days ago is nothing new in the market,  what we are experiencing in the market has always been there since the existence of bitcoin , that is why you need to understand it first before investing. Bitcoin is not what you should run into without considering the volatility of the market. Bitcoin is profitable if only you can have good patience with market to hodl, it is not something you just have a mindset of making money from it so fast, with such mindset you will be disappointed.

[Shamm]

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.

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? 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.

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.

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.

Op actually It takes time for me to understand what you wrote in your topic when I first read your topic it's sound  useless for me and Yes what are they talking about about is like you've copy this  on Google and paste it here in the forum and you've claim that this is your work. Which is once you caught for sure you will regret.

Op the Price of  Bitcoin is volatile which means you can not predict when it goes up and down so you need to be careful if you have the plan to invest in Bitcoin You need to study in it .

[bitmover]

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.

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? 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.

You are 5 years late Man. Block size wars was long ago.

Bitcoin is decentralized,  this is what matters most. Additionally,  everyone here in this forum use it as a payment method with on chain transactions.  They are not expensive.

Additionally,  according to satoshi message in block genesis, bitcoin is also a resevrr of value. To protect people against there corrupted bank system.

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

[348Judah]

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.

No one ever said that bitcoin investment is not risky, also being volatile is the reason why people decided to take the risk in it adoption for an investment because they believe in it's value to increase over time, being volatile will make some sell, hodl while those been investors will also find a means of investing when the market goes dip, everything all works together for good, if you're a trader, you can be making income through the bear market while others are loosing, everything has to be base on understanding.

Why trade the safety of government-backed insurance for something that can change so much?

Not all the government supported bitcoin, also know that bitcoin is not centralized, it is decentralized and no government has rule to influence any changes in it.

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.

Has it ever once been obsolete over the pass 14 years since it's creation? Of not then i don't think it will ever be, the more we go the higher the increase in its adoption and people using it for their daily lives despite some government are showing unchallant attitude towards it.

[pooya87]

But it doesn't really do what it originally meant to do anymore.

Bitcoin was created to be an alternative payment system that is decentralized and censorship resistant. It is exactly those things.

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.

If people use this forum to spam does that mean bitcointalk is no longer doing what it was meant to do? lol

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

Bitcoin was supposed to be decentralized and transactions are sent from one peer to another (not directly to people) and it is still doing that.

I know there are ways to make it faster and cheaper, but there are newer and better choices now.

Name one

Plus, the price needs to be steadier to work as money you can use every day.

Nobody promised to create a stablecoin when bitcoin was introduced.

Also, the price is going up mainly because people think it will.

Wrong. It always comes down to supply and demand with supply being fixed and demand increasing with increasing adoption. What people do in the market is affecting short term fluctuations.

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.

Name one with their real world use cases

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.

Increasing number of people have been using bitcoin for what was meant to from day one to today...

[Faisal2202]

You are right. The main purpose of BTC was to make people able to send and receive money directly to each other without the need for middlemen and without giving any personal details or documentation beforehand. But one of the great features of BTC is that it is a great investment that provides a hedge against inflation, and most people who are investors are not trying damn hard to save the value of their money, which they are slowly losing by keeping it in banks.

And we all know that when we put our money in banks, they use it for their own purposes and make huge money on our money, while in BTC, we are the owners of our money, and nobody can touch it or use it. The point is that everyone has their own agendas, and we cannot force anyone to not hold BTC for a longer period of time. Instead, I am also in the category of people who love to hold BTC for a longer period of time, but the point is that not everyone could hold BTC. Because adoption is worldwide and different types of people with different mindsets are investing in or using BTC, the probability that all the users will hold BTC is very low or near zero. Due to many other factors.

[DVlog]

After reading this post what i can see the OP is getting his knowledge from Peter Schiff or his followers. A lot of misunderstanding about Bitcoin and its technology. The technology you are talking about is better than bitcoin came after it. Most of those are inspired by bitcoin and blockchain technology directly or indirectly. If there is one true decentralized and censorship-resistant crypto asset that is bitcoin. Even SEC who is known for its anti-crypto tendency had to admit that.

[ZAINmalik75]

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.

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.

BTC was created for decentralised and anonymous p2p transactions, along with giving you full control of your assets. But a lot of people really use BTC to make wealth, like traders, but let me assure you, the figure of 80% is not accurate, and I think It's just an assumption from you because there are traders and then there are holders, and in my sight, the number of active holders is lesser than the number of traders who are trading in BTC, and we all know that when one is trading, they are not holding it for that long.

But still, you have got a point, but it's an open market, so anyone could do anything when they have bought it.

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.

Those who think and have full belief that the price of BTC will go up should have some knowledge about it because saying such words does require some words that could back them up later. And BTC is worth less now as it should be valued more, but due to misperception among people and manipulation from governments and other icons, BTC has a lower price than it should have, and you are asking, Is it valuable? Well, as I said before, optimism about BTC depends on how much you know about it. But still making assumptions and asking blank questions with no basic knowledge is not going to take you anywhere.

[mk4]

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.

When people say this, a lot of times they mean "safe" in a way that it's safe from the filthy hands of the government/authorities. Currently doesn't sound much of a problem because your country's authorities aren't doing anything bad with your money? Well, don't wait until they do.

Why trade the safety of government-backed insurance for something that can change so much?

They can be a lot less "safe" than most people think — depending on what country you're in.

[Ojima-ojo]

There seems to have been a lot of misconception in your understanding of what Bitcoin is and the role that Bitcoin plays in our financial life both as a currency and as an investment tool which makes it a store of value, Bitcoin in the light of currency is being used as an alternative to fiat paper mo ey to send and receive money from cross geographical regions without any third-party involvement which is the essence of Bitcoin decentralized nature.


But then Bitcoin as an investment tool, also places the investment at an edge against inflation since Bitcoin investment is free from taxes, unlike other property investments like real estate, but more also you have to take into account the high risk associated with Bitcoin.

[Ruttoshi]

Bitcoin is still serving the purpose for its creation and nothing has changed that. Using bitcoin as a store of value is because fiat currency is depreciating and making your saving useless in a given timeline but if you use that money to buy bitcoin,it is safe from inflation.

Forget about the volatile nature of bitcoin because that doesn't still change anything and that is why it is called the future gold because depend and supply is what controls the price,and this is why you see that the price of bitcoin varies from time to time. Decentralized nature of bitcoin is what makes it unique and different from other cryptocurrency.

[BitcoinPanther]

Many new cryptocurrency have more advance feature than Bitcoin but the question is security.  Many of these new cryptocurrency that supposed to have an advance feature are often got hacked or lots of glitches and bugs are seen on its smart contracts and codes. This is the major reason why Bitcoin is still preferred because the network is the safest among cryptocurrency.

Bitcoin brings freedom to people, so it doesn't matter if some people will hoard it or hold it, to sell at more expensive price, it is their rights and it is a normal thing to do in a marketplace.  Besides, I disagree with @OP that Bitcoin isn't use as it was intended.  Bitcoin is still used to send and receive funds.  You can check the volume of Bitcoin transaction and see that Bitcoin is being passed around.

[Sandra_hakeem]

Outdated?? Your subject has nothing to do with the body of the text...
I understand you're tryna prove some points about your knowledge of whatever you read about Bitcoin as of late... lol, but you actually mixed up everything.
Edit: what are you saying for Christ sake??? Volatility is not, in anytime gonna be removed completely in crypto... What's the point of predictions, analysis, dips and graphical illustrations?..

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?

Point 1; there's no currency that doesn't suffer devaluation with time..
Point 2: can you tell me the differences between the 2010 Bitcoin that sold for about $0.01 and today's? Even with the volatility all year round?... Is it advancing?? Do currencies/Fiat suffer the same positive change overtime??.... You're a clown dude!

Sandra 🧑‍🦰

[Dr.Bitcoin_Strange]

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?

With that being said, it's very clear how less educated you are about Bitcoin technology. Although Bitcoin technology is not a forceful technology on users, it's for every user to take their time and study the technology, and if they like its relevance, they can decide to adopt it or not. Bitcoin is a volatile asset, and its profitability is still because of its volatility. During the bear market, the price of Bitcoin plummets, and Bitcoiners, both old and new, buy Bitcoin at the dip. During the bull market, when the price spikes, some investors sell their Bitcoin and make a profit. So, your money is safe with Bitcoin investments because the value of Bitcoin increases with time. Unless you are careless with your coins, that's when you can lose them to scammers or hackers.

[Iroh]

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?

The purchasing power of the paper money owned, printed and distributed by the government loses its value overtime and your money is guaranteed safe by the bank. So your notion that your asset retaining its value equals being safe isn’t totally true.
In the seemingly trusting hands of the government, you’ve given away custody of your funds. What then happens when the same trusted government blocks your account and restricts access to your money.
Bitcoin aims to spread the awareness that you can’t fully trust any institution to hold and safeguard your money. When you securely hold your money yourself, you’re in total control anytime.

[OcTradism]

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?

With Bitcoin, if you use a non custodial wallet, you have private key and mnemonic seed, so you will have your own bank.

Being your own bank means you won't lose your bitcoin because of any centralized exchange, any bank. You always have your bitcoin, access to it, if you keep your device and wallet safely from hackers.

Bitcoin value and price can increase or decrease or drop to zero but it is another matter. Even Bitcoin price change, your portfolio value will change but you always have your bitcoin. It is what that advice means if you get its meaning.

[Darker45]

Forget about how Bitcoin is being treated by many people right now. We can't blame them. Bitcoin has somehow developed into something else.

However, has Bitcoin itself changed? No, not at all. It still is the decentralized, peer-to-peer, censorship-resistant, immutable, permission-less system that it always has been.

Is there something better now? No.

Have the problems that Bitcoin is supposed to provide solution to been completely addressed? No.

Therefore, I don't see any reason why Bitcoin would stay out of relevance and become outdated.