Is your interest in bitcoin primarily tied to its price?

[Dr.Bitcoin_Strange]

I got into Bitcoin with the idea that it is a cool investment and also one of the best investment means. Up to date, the reason why I hold some fraction of bitcoin in my wallet is because I am waiting for the best price to sell and take profit. Well, at first, that was the main aim, but along the way, I learned that it's great to use Bitcoin for P2P payment methods, and that's how I adopted the idea of accepting Bitcoin payments in my business.I am accepting Bitcoin payments in my business and also holding some fraction of Bitcoin for the aim of making profit during a price pump.Every Bitcoin investor is definitely holding for the sake of making a profit. 

[JiiBs]

There could be a primary reason and a secondary one yet, it’ll all be good.

While you might be dragged here because of the Bitcoin price, one is bound to discover other reasons to stick by. Besides, as much as Bitcoin offers lots of opportunities to even the least of investors, it doesn’t necessarily mean those opportunities can’t be sort for some place else or some petty business.
Mind you, most persons who come into Bitcoin often seeks out trading but, we still have this trading in the currency market FX so, why Bitcoin for an option.

You really can’t find out except your into Bitcoin, maybe not for full time but, the time you spend gives room to discovering it’s uniqueness and potentials.

For a currency that without advertisement or isn’t backed by any campaign, doesn’t require of anyone or group to preach it to get accepted and somehow is taking over the world a step at a time, you’ve got to agree that there is something there.

Let’s not forget the fact that, it’s decentralized and can be used in transacting just anywhere in the world, so long as you can find a merchant whom is willing to accept it for a means of exchange and businesses in our time are growing to accept it. The reason does change.

[o48o]

When you hear words like "HODL," "HALVING," "BULL RUN," you're left in no doubt that most members of the Bitcoin community like the cryptocurrency because of the prospect or hope that it could make them rich. I know it's made early adopters rich, but shouldn't there be other reasons to learn and use Bitcoin besides price fluctuations? Was this Satoshi's motive for the invention? Is price the most important driver of your interest in Bitcoin?

I don't get why they would need to be seperate things, to care about the price and the code i mean. It would be crazy not to care about the price, as incentives need to be worth enough to keep enough people mining. But if you are talking about profit only. And if you are talking about the profits only, being interested only about that isn't sustainable, but just hype.

If someone is only here because of profits, i am sure that bitcoin isn't the only thing they would be looking at, and i doubt they care anything about the tech underneath.

[Marvell1]

there are all a series of advantages that are offered and are not linked only to price.
it is clear that price is a reason why many users use bitcoin but it is not the only reason.

Price is not the only reason but it is the biggest reason why people are more interested in bitcoin. I also use bitcoin to store my assets and I like it, but there's no denying that bitcoin price is what I care about the most.

mainly, what fascinates me most... is the possibility of moving and storing value for free, easily transportable, easily movable at negligible costs.
Worldwide, in a matter of minutes. if you travel abroad, or if you had ever the chance to get quick funds, this is the best method.
being able to receive payments without expensive setups, no controls or limits on spending are another significant plus.

Everything is true but I will not agree with you that bitcoin transactions have negligible costs. Fees have increased over time, and if developers don't come up with a solution, we will soon see even crazier transaction fees as bitcoin users increase and its price increases.
In addition, to be able to use bitcoin conveniently and easily as you said, bitcoin needs to be popular globally as well as recognized by law, but so far there are still many barriers and bitcoin has not yet reached.

[DaNNy001]

When you hear words like "HODL," "HALVING," "BULL RUN," you're left in no doubt that most members of the Bitcoin community like the cryptocurrency because of the prospect or hope that it could make them rich. I know it's made early adopters rich, but shouldn't there be other reasons to learn and use Bitcoin besides price fluctuations? Was this Satoshi's motive for the invention? Is price the most important driver of your interest in Bitcoin?

So you are asking what the fuck is BTC good for besides making money?


Interesting question I would argue BTC has created or spurred the creation of:

ZELLE
Apple Pay
Cash app

🤔🤔 This question of yours is somehow confusing, because I thought Bitcoin itself is already money although I get the concept that money is actually used to get money. First we are humans and we won't use anything if it doesn't gets us our needs and wants and exactly what Bitcoin did with the financial world and till date it's became more innovative because of its ability to be used as an investment means.

[legiteum]

I've said this before here but it bears repeating. A currency can be used for three things:

1. As a means of transacting.

2. As an investment instrument.

3. As a means of measurement of value.

Today, while Bitcoin will technically do #1, there are much better options making Bitcoin effectively obsolete for this purpose.

Only US Dollars and a few other major world currencies play a significant role in #3--and US Dollars is far and away the primary way people measure value everywhere.

That leaves #2 as Bitcoin's only remaining purpose, realistically.

[Dzwaafu11]

When you hear words like "HODL," "HALVING," "BULL RUN," you're left in no doubt that most members of the Bitcoin community like the cryptocurrency because of the prospect or hope that it could make them rich. I know it's made early adopters rich, but shouldn't there be other reasons to learn and use Bitcoin besides price fluctuations? Was this Satoshi's motive for the invention? Is price the most important driver of your interest in Bitcoin?

The first thing that catches my attention about bitcoin investment is how many people have succeeded in investing in it. Years ago, although I know many people who invested in the early years of bitcoin did so because of the technology, I believe many of them did not know the price would reach this extent.

However, for me, I invested in bitcoin because of how people got successful with it and nothing more. I know some people may do it because, technically, it is, while others will do it because of the value it will bring in the long run. For me, I’ll say the price because I believe in myself that one day it will pump and change my life, even though I know it will take time.

[vapourminer]

started mining bitcoin in 2011 when the price was around 10 bucks so it was primarily a way to subsidize new hardware for games. and the tech was cool. i came from a background of distributed computing like folding@home and such so to me the money was secondary to the bitcoin experiment itself, which was fascinating.

of course i liked it a lot more when the price went stratospheric. that was a nice bonus.

[boykaz]

Totally get the fascination with Bitcoin's price swings. But beyond that, it's about the tech and the potential to revolutionize how we handle money. Satoshi's vision wasn't just about wealth, it's about decentralizing finance and boosting freedom.

[Ojima-ojo]

There is always a two side to a coin same goes with bitcoin, just like the first comment mentioned, it is a 50/50 of a thing, while some are solely interested in the bitcoin price speculations others engage in technical support, analysis and development, this make the two dimensions of people embracing bitcoin.


In addition to that also is the fact that bitcoin is a tool that banked the unbanked, that is to say with bitcoin you can receive and send money without the need of having a Bank and also you can carry out p2p transaction without any third-party involvement which are all outside the bank.

[ChiBitCTy]

My interest in bitcoin has always been based on it's underlying technology and the importance of it in terms of replacing traditional banks or at least being and alternative.  I fell in love with bitcoin when it was something like $200 a coin, so that price was always important as it meant more adoption, but it was because I was looking to make a ton of money.  Sure thats all good and great but was not a big factor in it for me.

[_BlackStar]

started mining bitcoin in 2011 when the price was around 10 bucks so it was primarily a way to subsidize new hardware for games. and the tech was cool. i came from a background of distributed computing like folding@home and such so to me the money was secondary to the bitcoin experiment itself, which was fascinating.

of course i liked it a lot more when the price went stratospheric. that was a nice bonus.

I get something different from you - of course, the average user knows bitcoin because of its price compared to the technology involved. In the early stages bitcoin was still experimental - but I believe that now bitcoin is at a better stage. The increasing real use cases are one clear proof that bitcoin has succeeded in winning the trust of its users who were previously completely dependent on government-centralized fiat currencies.

[legiteum]

 The increasing real use cases are one clear proof that bitcoin has succeeded in winning the trust of its users who were previously completely dependent on government-centralized fiat currencies.

The number of real use cases with Bitcoin is decreasing not increasing. Bitcoin is, more and more, being considered exlusively a meme investment without any practical use whatsoever.

(Ironically, the hype machine around Bitcoin--designed to make it go up in value--spreads all kinds of disinformation about Bitcoin's alleged design wins, but these are all just hype: Bitcoin's range of use is shrinking, not growing).

[Ryu_Ar1]

When you are just starting bitcoin, then surely the price is the initial benchmark for us to be here because after all, seeing from the movement and progress of bitcoin in every year which of course always increases in terms of price, it is certain that it becomes an attraction for us to be here and follow the flow of bitcoin so that we benefit from the price increases that always occur.

But over time I think everyone must realize that in the end the price increase is only part of the desire to be seen because after we are in bitcoin we must realize that in the end there are several things that we can get as benefits when we are in bitcoin such as understanding that technology is getting more sophisticated, quite interesting innovations and the advantage that we cannot be used as a pawn in financial matters because being in bitcoin is the same as we control our finances independently without having to interfere with others.

[darkangel11]

Early on when I first heard of it the main drive was profit, I won't try to sugarcoat it. I had some money lying around and a friend told me to research bitcoin, so I did. I put my first money in and it happened to be a bear market low. It wasn't the lowest low, but the price was down 60% from the top, so I felt very scared at first when it dropped more, but then confident when it finally bounced back. When I saw how much it went up in 2017 I thought to myself that I don't really need money, so why not hold this thing like I'd hold land or something. It has the potential and I'm up 20x anyway. Nowadays, I don't even know how much up I am and I don't care. It's a significant sum, much bigger than what I'd be ever able to earn from other sources. In fact, my bitcoin profit has grew to the size I would never be able to earn working a full time job. I appreciate the price, but it's not what drives me. The financial stability and independence that bitcoin offers is the main factor.

[Nwada001]

Today, Bitcoin is only useful as a meme speculation instrument, so yes, the only interesting thing about Bitcoin is the price. For all other purposes, there are far better products out there.

For all other purposes, there might be other services out there, but we all choose what we want to serve a particular purpose for.
 
As for me, when it comes to holding an asset, it is easier for me to carry and transact with Bitcoin, and when it comes to something I can transact with without revealing anything about me to a stranger, I choose Bitcoin.
 
And when I want something I can hold and gain profit from, why hold and try to save myself with the hard inflation hitting my country's economy? I also prefer Bitcoin.

[Questat]

I would be lying if I say I’m not here to earn money, so yes. But I don’t think once its price turns out of the blue and end up futile, I would stop learning bitcoin as well. Now that I have already learned bitcoin and the technology it brought to us, most especially that I’m now aware that it can be a good currency, maybe in the future I will still chose to use bitcoin over fiat once it will be accepted in majority of the stores here. But for now, since it’s more of an investment, I’d say it’s price mainly controls my bitcoin interest.

[legiteum]

As for me, when it comes to holding an asset, it is easier for me to carry and transact with Bitcoin, and when it comes to something I can transact with without revealing anything about me to a stranger, I choose Bitcoin.

That's a really bad idea. Bitcoin is a public ledger. That means all transactions are available to everybody on the Internet, including hackers, criminals, governments, even your spouse if he/she knows the right tools . Although the transactions themselves don't have your identity, transactions can be "triangulated" e.g. compared to known endpoints--in a sense, it's like tracking your IP address.

And when I want something I can hold and gain profit from, why hold and try to save myself with the hard inflation hitting my country's economy? I also prefer Bitcoin.

Bitcoin is great, but you'll never see 100x returns from a Bitcoin investment. For that kind of action you need to get in early with newer memes than "Bitcoin", which is very mature now. (If you only want to play around with a few dollars, I'll offer a shameless plug for my own project which is going after the "low end" of memecoin investing).

[Silberman]

When you hear words like "HODL," "HALVING," "BULL RUN," you're left in no doubt that most members of the Bitcoin community like the cryptocurrency because of the prospect or hope that it could make them rich. I know it's made early adopters rich, but shouldn't there be other reasons to learn and use Bitcoin besides price fluctuations? Was this Satoshi's motive for the invention? Is price the most important driver of your interest in Bitcoin?

Look, it is undeniable that a great deal of the interest bitcoin generates has to do with the possibility of earning money with it, however this does not demerit in bitcoin in any way or form, it is just that those people do not go further, after all why bitcoin offers this possibility to begin with? If bitcoin was just a project created with money in mind then it would have collapsed like most of the shitcoins being created today, so if bitcoin has the possibility of bringing those kind of profits is because it is an amazing project deep down, it is just that most of those people do not really realize this is the case yet.

[Dump3er]

started mining bitcoin in 2011 when the price was around 10 bucks so it was primarily a way to subsidize new hardware for games. and the tech was cool. i came from a background of distributed computing like folding@home and such so to me the money was secondary to the bitcoin experiment itself, which was fascinating.

of course i liked it a lot more when the price went stratospheric. that was a nice bonus.

I came in a little later than that, but I wonder what the mining requirements were when you entered the adventure? Was it GPU back at the time and what was your first setup?

Looking back, I loved those times experimenting around, setting up my first rigs. I didn't have an extensive IT background, so you can imagine how the experimentation felt when finally the hashes were accepted, everything started running smoothly and some coins were rolling in. I mined alt coins back then and although I barely have any these days as I think I learnt bitcoin is the real deal, it was a hell of fun back in the days. Tweaking the devices, adding some cooling, sleeping with the sound of the mining rig. But back to topic...

I think bitcoin's price wasn't impacting me personally as much ever emotionally or interest-wise, but it did impact the overall market sentiment and therefore, collective mood had some impact on me as an individual as well. At the end of the day, when there were these very intense crashes or moonshots, of course it is either a more pessimistic or optimistic mood that spills over. I guess that's almost inevitable.