Bitcoin as a peer to peer method less popular than as an investment

[Smartvirus]

but many people have become so concerned about its price and have forgotten it's inherent uses.

I don’t think a lot of people have forgotten about it’s inherent use as you presume but, what we have is more of a leveraging of the opportunity at hand with the absence of means to usage as a purchasing power.

It’s only right and serves more that Bitcoin should accord itself more uses than its initial idea but, all remains in line with a more broad usage following its limited nature.

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[Obari]

I agree with you that a lot of people are now focused on the profit bitcoin offers and forgetting the core purpose of bitcoin which serves as a decentralized digital currency but since it is very volatile, people are already capitalizing on the volatility and focusing on making profits but I also think one major reason why people are still holding strong to bitcoin is the possibility of making more risk free profits from bitcoin and from my opinion, if you take away the volatility, a lot of people wouldn’t still be holding bitcoin

[shield132]

Don't get me wrong I'm not saying it as an investment is bad since it has helped in increasing the community but many people have become so concerned about its price and have forgotten it's inherent uses.

No, I didn't get you wrong because you are right. I'd say that 90% of people use bitcoin for investment purposes and they rarely know its major advantages. Not many people use bitcoin because of its decentralization, p2p payments and improved privacy. I dare to say that people don't know this side of coin, they only think about profits because it was some cents in 2010 and rose up to 70K. Now, everyone is focused on price and the popularity with reserves of centralized exchanges is a good proof to back up my argument. Even better is Monero. I have been saying since 2016 that Monero will be the next bitcoin because it has so many advantages in every aspect but it's still not so popular. My conclusion is that people care about investments instead of benefits that they can achieve from it besides finances.

[Antotena]

When I first stumbled upon Bitcoin, I was told that if you buy Now you would make more in the future. I got hooked without even knowing its uses and why it was created.

Bitcoin is very difficult for new people particularly the ones that don't have background knowledge of computer and some other related info about bitcoin. But since bitcoin rise in value after some time and people loves to hear things like profits, they use that to draw their attention sometimes which is not bad. We can't deny that bitcoin does give quality return but it's also risky at the same time.

The limited supply of Bitcoin like land has made it turn to an investment opportunity with many not even knowing why it was created and market its meant to satisfy.

Bitcoin has limited supply of 21 millions and 19.5 is already in circulation, and the rest will be unlock through continues mining, this is why bitcoin is special but land doesn't have limited, they only appreciate when you by them in a location where people want to live. If you should buy land anywhere, it might be there for 20 years without any appreciations.

Bitcoin, according to the white paper is a peer to peer payment method. It serves as money with no third party or central body involved. Currently, it hasn't fully meant the criteria of money due to certain limitations but it has helped one become their own Bank. Not to mention, Created more uses than satoshi anticipated.
Don't get me wrong I'm not saying it as an investment is bad since it has helped in increasing the community but many people have become so concerned about its price and have forgotten it's inherent uses.

I don't think there is anywhere in bitcoin white paper that says bitcoin is money but I know that it can be use to transfer value if you wish to do so and peer to peer has long been happening before centralized exchanges where born to crypto. It's just that, bitcoin is already bigger than what Satoshi himself dream about, there is more dream on dream of Satoshi that we are seeing everytime through the growth and adoption.

[carlfebz2]

When I first stumbled upon Bitcoin, I was told that if you buy Now you would make more in the future. I got hooked without even knowing its uses and why it was created.

The limited supply of Bitcoin like land has made it turn to an investment opportunity with many not even knowing why it was created and market its meant to satisfy.

Bitcoin, according to the white paper is a peer to peer payment method. It serves as money with no third party or central body involved. Currently, it hasn't fully meant the criteria of money due to certain limitations but it has helped one become their own Bank. Not to mention, Created more uses than satoshi anticipated.
Don't get me wrong I'm not saying it as an investment is bad since it has helped in increasing the community but many people have become so concerned about its price and have forgotten it's inherent uses.

There's nothing we can do if most or majority of people are really that minding much about its investment opportunity on which it is really that something that could really benefit out people to engage with it.
Of course there would be those people who do really that totally impressed about its utility and this is why they do make out such engagement but still cant really be denied that when it comes to investment
talks then those people who do appreciate its utility would really be also considering on making some holds since they do know that they could really be able to have such opportunity.
Just leave it that way because no matter how someone would be forcing about giving important into its utility which it would be normal that people would be focusing
that much about into its investment opportunity or approach on things.

So what if we would be having this way? Even if we do speak on altcoins on which we do still highly doubt that majority of people do give out importance
about its utility. We are always minding about 10x,100x,1000x. 

[btc78]

I think btc as a peer to peer method isn’t all lost to the world

I see a lot of people integrating btc into their everyday lives even going as much as adding it as a possible payment method in their businesses btc offers multiple and various benefits to us there’s nothing wrong to make use of all of it

I see no harm in promoting btc as an investment as long as they understand the fundamental concept of btc and that is to transact without any third party

[panganib999]

It's not as "less popular" as a peer 2 peer payment system as it is an investment. It's just that when you're a newbie, or perhaps someone on the crypto scene looking to earn as much money as possible, the logical course of action is to use bitcoin as a way to earn money rather than to use it as a way to transfer money from one person to another. Just picture this, how many times in a day are you required to transfer money to a friend from a different part of the planet? Anyone who says they need to do that shit everyday is generally lying.

It's not "less popular" per se, it's just that the situation and the necessities of the people who use bitcoin on a daily basis do not call for the usage of its peer 2 peer aspect more than the investment aspect.

[nullama]

I was thinking about this, and realized that Bitcoin on-chain peer to peer works great for transferring large amounts of money.

If you plan to use a bank to transfer a lot of money, it is really inconvenient and it takes forever to send the funds internationally.

With Bitcoin though, you just need a few minutes and you can transfer any amount, anywhere in the world.

Yes, to pay for a coffee you would probably use a different method, like lightning for example. In the same way that you wouldn't make a bank transfer to pay for your coffee with fiat and use a card instead.

[michellee]

For now, many people are focusing on the price to get the profits. They have not used the uses that already exist in Bitcoin because of regulations issued by the government. They are better off sticking with Bitcoin as an investment first.

If they can profit from Bitcoin, they can improve their economy. After that, they will see the true use of Bitcoin after studying it for some time. Bitcoin is still a good tool for transactions but can only be used partially due to regulatory constraints.

We use Bitcoin as an investment and get a profit first. And when the time comes to use Bitcoin as a means of payment, we are ready to do it. Even though we can now use Bitcoin as a means of payment, there are still many of us who want to keep Bitcoin as an investment. And that's okay.