Is bitcoin gradually turning away from its purpose?

[kentrolla]

There is no straight answer for this because it's definitely diverting from its purpose because users cannot afford high transaction fees for P2P transaction but not everyone cannot afford there are high value transaction which still use Bitcoin for secure transfer I would say for low scale transfers it's not longer viable and right now Bitcoin has become more of an investment for some and remains as P2P for some as it's foraying into more verticals.

[Hopila]

Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?

I would love to see different versions of input.

It's not turning.Bitcoin was actually created with the intention of providing a decentralized digital currency that could be used for peer-to-peer transactions, as well as an alternative to traditional fiat currencies. The primary goal of Bitcoin's creator, Satoshi Nakamoto, was to create a digital currency system that operated independently of a central authority, such as a government or financial institution.

[Bananington]

Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?

I would love to see different versions of input.

I have shared a similar concern while I was chatting with some friends some time back and what I conclude on the issue is that Bitcoin tends to support the user achieve their financial goals and long term goals, because it is more private and decentralized and despite the use of our local Fiat, there's just so much more that can be done and much confidence exudes when one surely has some Bitcoins in their wallet and is at liberty to travel or explore new places and new ideas in total.
Bitcoin is an investment option with the launch and approval of the spot ETF and unlike other currencies, it too can be traded on the open market for the best prices too.

I just think Bitcoin is a coin that is free flowing like water and can be adapted to the pressing needs mostly as regards financial aspects in any situation or region.

[EarnOnVictor]

Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?

I would love to see different versions of input.

I thought differently when I first saw your headline but never knew it was for this purpose. Well, if you are talking about what helped Bitcoin to grow this much to the point that it is now in the mainstream of the financial market, you can't be talking about its privacy, anonimity and decentralization characteristics, you will be wrong if you did. Bitcoin is helped due to the trading, investment and the businesses built around it and not only about buying and HODLing your coin.

If yours was the only goal, then it will never grow to this level, you will not be able to even compare it with the staggering growth that would happen. That is why the earlier adopters and miners tried as much as possible to make it tradeable, which was the beginning of the success of Bitcoin. And don't forget that Bitcoin was created to rival fiat and cover up for the excesses of it and also reduce the control of the government and other authorities dealing with fiats. If its core purpose is limited to what you iterated above, how would it be able to do to all that?

Conclusively, in my opinion, everything useful Bitcoin is being used for today are the main reasons why it was created.

[kryptqnick]

Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?

I would love to see different versions of input.

That's a relevant concern these days. There are some regions where Bitcoin payments are conducted fairly often, so Bitcoin does in a way remain an alternative to fiat. Then there is also the usage of Bitcoin for gambling, where Bitcoin is a good alternative to fiat and successfully functions as such. But it's true that more and more people are talking about Bitcoin as something to hodl, as an investment asset. Bitcoin is ultimately what we make of it, and how we collectively use it. It can be both a form of money and an investment opportunity. These two are not mutually exclusive.

[Obim34]

Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?

I would love to see different versions of input.

I enjoyed the response from @Hatcy, Bitcoin is extremely going wild and a lot more purposeful to every enthusiast. Despite its originality as a decentralized currency which was evolved in other to counter the sole control of every currency by the government but further on has triggered into another dimension of usefulness and the most realistic reason for today's adoption is as of investment purposes. Bitcoin as an investment has made a lot of people to get involved, if not there wouldn't be as much people we have who are into Bitcoin.

[Helena Yu]

No, Bitcoin didn't turn away from it's purpose.

There's nothing change, Bitcoin is still Bitcoin, if you want to use Bitcoin to pay something, you can, at the same time you can also use it as a store of value. It's up to each person who own Bitcoin, different person has a different purpose and the way to use the coins.

Bitcoin is freedom, so, let people choose what they want!

[SickDayIn]

An investment doesn't always have to mean something that you can get a monetary turn on. From my perspective owning Bitcoin is a hedge against the entire economic system collapsing. It's an investment of your time, energy and resources.

[vitya1982]

No, Bitcoin didn't turn away from it's purpose.

There's nothing change, Bitcoin is still Bitcoin, if you want to use Bitcoin to pay something, you can, at the same time you can also use it as a store of value. It's up to each person who own Bitcoin, different person has a different purpose and the way to use the coins.

Bitcoin is freedom, so, let people choose what they want!

True, every person defines what BTC means to them, but it doesn't mean that it changed. And it's actually great that everyone can do so many things with it.

[Medusah]

The truth is:  Yes, but this is not a bad thing. 

Bitcoin has evolved beyond its initial perception as peer-to-peer cash and is now recognized as the leading asset and guarantor of property rights.  In essence, Bitcoin offers advantages that surpass the mere function of fiat currency in peer-to-peer transactions.  It's too good to be simply considered better than fiat.  Not even debatable. 

[Zigabel]

Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?

I would love to see different versions of input.

Bitcoin wasn't created singularly for any of the purpose you did mentioned but then it can be used for both purpose and it will perfectly fit in. it only takes the decision of the person whos in possession of the bitcoin to decide what they want to do with the bitcoin they are in possession as at the tine they have the bitcoin, you can decide to trade it or better still you can decide to HODL for a while and eventually make it look like an investment for you then and that's not a bad one as well as it can turn out profitable to the HODLER.

Bitcoin can as well be used for the purpose of an alternate decentralized fiat especially in regions where its accepted as a legal tender, but just like every other commodity or asset that has an appreciative values and can be used as a store of value, Bitcoin too can be seen as a store of value and it ends up giving the value for which was expected of it but its not instantaneous, it takes some time before it effectively  gives the profit upon which its seen as a store of value and not just as an alternative peer to peer fait as you stated, the versatility of Bitcoin has made it such that it doesn't necessarily have to be limited to a particular use alone but can as well be used to get other things done as well.

[God bless u]

Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?

I would love to see different versions of input.

No I don't think you. The thing to look here is that you have to change your way of marketing and your usefulness factors over the passage of time if you want to cope up with the generation gaps that are created nowadays.

In the past world progressed slowly but nowadays things are changing in second and technological advancement has made it clear that you have to revolutionize with time if you want to stay in the game. So BTC is doing that.

[Maslate]

Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?

I would love to see different versions of input.

That's a relevant concern these days. There are some regions where Bitcoin payments are conducted fairly often, so Bitcoin does in a way remain an alternative to fiat. Then there is also the usage of Bitcoin for gambling, where Bitcoin is a good alternative to fiat and successfully functions as such. But it's true that more and more people are talking about Bitcoin as something to hodl, as an investment asset. Bitcoin is ultimately what we make of it, and how we collectively use it. It can be both a form of money and an investment opportunity. These two are not mutually exclusive.

Reality is people use it where they find it convenient to use. You can’t expect for someone to use it like fiat when the country itself is not accepting bitcoin as a form of currency, or use it as an investment when you are not even knowledgeable how bitcoin works as an investment. So it always depends on the user’s capability to utilize bitcoin, but most likely bitcoin these days is more utilized as an investment. And I have no issues with that bitcoin as an investment as it continues to appreciate its value unlike fiat where its value is seen to depreciate more.

[Clark Anderson]

You raise a thought-provoking question! It's true that Bitcoin's original vision was to revolutionize the way we think about money, making it decentralized, accessible, and free from institutional control. But, as with any disruptive technology, its evolution has been shaped by the community's diverse needs and interests.

While some people still use Bitcoin for its intended purpose, others see its potential as a store of value, most especially a hedge against inflation, and thus is very true in third world countries.

[Woodie]

If cryptocurrencies or Bitcoin to be precise were introduced in the lines of financial freedom, then it just makes sense that the user chooses how to use their Bitcoin...if it's a store of value then let it be, if it's used as a currency as an alternative to fiat that works too... nobody will dictate the rules on the right way of using BTC as use
is decided by the hodler !!

Btw sticking to intended use of Bitcoin by the whitepaper can never work as unforeseen circumstances came into the picture such as Regulation, centralised exchanges, inflation in some countries and the list goes on...

[CageMabok]

Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?

I would love to see different versions of input.

If Bitcoin can give birth to more goals for everyone, I don't think anything takes away from the goals of Bitcoin itself. Because investment for the future that can be carried out through Bitcoin will not make Bitcoin bad, which can even make Bitcoin more famous in the eyes of investors themselves. Now you can throw more of your fiat into Bitcoin every week or every month and that can be a great long-term goal for yourself, as well as for others. Because fiat can only be relied on for buying and nothing more, moreover its value does not increase every year, so I think there is nothing wrong with the investment objectives made through Bitcoin so far.

[AYOBA]

Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?

I would love to see different versions of input.

Is it due to what people's earnings on Bitcoin that is why many people's are classified it as a purpose of investment I will not say that is for the peer-to-peer alternative because not all the people's know about that.

Furlthermore, Because even though I've known about Bitcoin for a long time, the only thing I know about it is the investment. That's the only purpose I know of it, but may be there will be another purpose for it since it's not  only mainly for investments, but even though there is another purpose that so many people have been benefiting from i don't think it will reach the invesment.

[Cookdata]

Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?

I would love to see different versions of input.

I don't think it's even Bitcoin alone, the entire crypto phase is changing and I don't know where we are actually going right now as people who use to be pioneer of Bitcoin and support Bitcoin are all after where they can make quick money since Bitcoin can't give them those insane profits anymore. The coins we used to called shitcoins are now rebranded as meme coin and people loves it, the trading volumes I see sometimes even exceed the volume of Bitcoin trading volume on some exchanges.

Between the end of last year we saw BRC20 tokens growth on Bitcoin network, we all complaint here for it to be ban and developers to patch that but they didn't care about them and now those ones has been swept under the carpet. There was rune launch too, that was a day to Bitcoin halving that even made mempool too congested but what happened 1 month later, they are all forgotten.

ETFs are good for adoption but I will say they are just making Bitcoin names to go far into the hands of institutional investors and nothing much, on the main chain it will remain Bitcoin as even the ETF launchers has an equivalent number of Bitcoin that are been issue for every ETFs.

[memehunter]

Bitcoin's adoption has undergone a fascinating evolution. Keen-eyed forum members have rightly emphasized the need to balance investment opportunities with Bitcoin's original vision: a decentralized financial system. However, others have argued that Bitcoin can function as both an investment and a means of exchange without sacrificing its core principles.

In my opinion, while Bitcoin's use cases have broadened beyond its initial purpose, it remains a powerful tool. It continues to serve as a decentralized and censorship-resistant currency, empowering individuals with financial sovereignty.

[aylabadia05]

Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?

It depends on which point of view you want to see. Bitcoin is basically a free currency system without being tied to one party. If in its journey many people make it an investment asset, it is because it has been proven to get returns because the price has increased and has been proven to be able to be a hedge.

Something that has value will be used as an investment asset and it is worthy. Why do people try to invest in gold? the answer is because of value. Bitcoin is great again, it can be used as a means of payment in transactions without a third party, it can be invested.