Bitcoin without profit: would you stick around?

[Smack That Ace]

If the prices of bitcoin remain stable i am not sure bitcoin can survive until today since it's launched and i know bitcoin isn't created for investment tool because the purposes of bitcoin is for alternative traditional financial system, Decentralization, or probably for transparency and security but in fact bitcoin is so popular because when people used that as investment tool then it will be profitable for the holders and i am not sure bitcoin popularities will be so big such as now if bitcoin don't profitable anymore and for me personally i would thinking realistic that behind all of technology which bitcoin offered to the users but if holding bitcoin isn't have the benefit especially related to the money then i would not last long to used that

Satoshi and the early user never used it for profit, but rather for the philosophy of a decentralized currency that does not require a third party. Therefore, I believe that Bitcoin will still exist and there will always be people who need and use it, even when it become stable. However, it would not have garnered the widespread attention and popularity it enjoy today.

Whether many of us want to admit it or not, the truth is that most of us who get involved in Bitcoin are motivated by profit.

[cocadalcan]

If the prices of bitcoin remain stable i am not sure bitcoin can survive until today since it's launched and i know bitcoin isn't created for investment tool because the purposes of bitcoin is for alternative traditional financial system, Decentralization, or probably for transparency and security but in fact bitcoin is so popular because when people used that as investment tool then it will be profitable for the holders and i am not sure bitcoin popularities will be so big such as now if bitcoin don't profitable anymore and for me personally i would thinking realistic that behind all of technology which bitcoin offered to the users but if holding bitcoin isn't have the benefit especially related to the money then i would not last long to used that

Satoshi and the early user never used it for profit, but rather for the philosophy of a decentralized currency that does not require a third party. Therefore, I believe that Bitcoin will still exist and there will always be people who need and use it, even when it become stable. However, it would not have garnered the widespread attention and popularity it enjoy today.

Whether many of us want to admit it or not, the truth is that most of us who get involved in Bitcoin are motivated by profit.

The main reason for its popularity is the repeated and new ATH and price volatility and gradually becoming a store of value. In the early stages of Bitcoin, it was a trivial asset, so there was not much focus on profits. Some people bought Bitcoin for a hobby or some people took up Bitcoin as a new experience.

Bitcoin requires investors who are motivated by profit to stay relevant to the market. They are in regular buying and have the funds and discretionary funds to build Bitcoin.

To get to your profit level, try to build a Bitcoin holding and stay regular for a cycle or two. Bitcoin fundamental philosophy and historical price growth trend can make an investor focus on long-term savings strategies.

[UpTober]

Investors who invest in Bitcoin with a long-term objective usually do not give priority to temporary gains or losses, but rather focus more on holding on because they know very well that if they can ignore these minor issues and hold on for a long time, then they will have a good chance of making a good amount at the end of this long period. I will also be the first to say that even if I do not have temporary profits, I will still try to invest in Bitcoin consistently.

[blockman]

Everyone has said that they'll still going to use it even without profit. But I don't think so, the majority are into Bitcoin because of how profitable it is. Remove it, they say that they'll use for payments. Still, that's sort of an answer based from our emotions as of now. Although many will realize that if it hasn't use for the investment, only a few will remain to be actually using it. There have been other payment processors that can be used by each of us even from offshore transactions. While we're so thankful to satoshi for creating this but I think that's the reality if it's not volatile.

[free-bit.co.in]

Everyone has said that they'll still going to use it even without profit. But I don't think so, the majority are into Bitcoin because of how profitable it is. Remove it, they say that they'll use for payments. Still, that's sort of an answer based from our emotions as of now. Although many will realize that if it hasn't use for the investment, only a few will remain to be actually using it. There have been other payment processors that can be used by each of us even from offshore transactions. While we're so thankful to satoshi for creating this but I think that's the reality if it's not volatile.

I completely agree that people invest in Bitcoin because of its potential for profit. That's the main factor, all other reason are secondary. However, I also believe what they say and that it is not just emotional at this point. I believe people will still use it even if it is no longer profitable, and I will too. However, people will no longer spend as much time on bitcoin as they do now. Instead, they only remember and use it when there are no better option, not daily as they claim.

[blockman]

Everyone has said that they'll still going to use it even without profit. But I don't think so, the majority are into Bitcoin because of how profitable it is. Remove it, they say that they'll use for payments. Still, that's sort of an answer based from our emotions as of now. Although many will realize that if it hasn't use for the investment, only a few will remain to be actually using it. There have been other payment processors that can be used by each of us even from offshore transactions. While we're so thankful to satoshi for creating this but I think that's the reality if it's not volatile.

I completely agree that people invest in Bitcoin because of its potential for profit. That's the main factor, all other reason are secondary. However, I also believe what they say and that it is not just emotional at this point. I believe people will still use it even if it is no longer profitable, and I will too. However, people will no longer spend as much time on bitcoin as they do now. Instead, they only remember and use it when there are no better option, not daily as they claim.

Well, only time can tell if that's true. Although there are so many payment processors out there, whatever works for us will be chosen. And if something new is useful to our eyes, we'll also get into that. That is what Bitcoin will be if it's not all about the profit. It can be an alternative but it won't be the same on how we've seen it very profitable. There will be a lot of changes on how we justify having it than using it when it's no longer all about the profitability that it has got. We can get straight to the point about that and tell that we'll still use because we're on a different situation.

[virasisog]

When it is no longer profitable then only those who sees it as a currency would stcik around to finally use it as one.
Those who only buy it or came because of the hype, profit or glorious stories would surely leave.
There are people who used it as a currency back then to pay for whatever they need, they don't need to worry about the price they see it as a means of payment not as an investment, those people would surely stick around.
And there are those who only see it as an investment tool to buy it and wait for it to grow, use it to earn profit, and those people would surely leave since they only see it as a way to make profit.

[Nathrixxx]

Most are us have been around because of the opportunity we stand to get from Bitcoin adoption, so what are we talking of if we stand by to make a difference from bitcoin adoption to what we have been seeing from the use of Fiat over the years, to be sincere, bitcoin has to be profitable before we can enjoy every bit of it's investment.

[Pandorak]

Everyone has said that they'll still going to use it even without profit. But I don't think so, the majority are into Bitcoin because of how profitable it is. Remove it, they say that they'll use for payments. Still, that's sort of an answer based from our emotions as of now. Although many will realize that if it hasn't use for the investment, only a few will remain to be actually using it. There have been other payment processors that can be used by each of us even from offshore transactions. While we're so thankful to satoshi for creating this but I think that's the reality if it's not volatile.

What you’re saying makes sense. Indeed what currently attracts Bitcoin holders most is its potential for profit, both in the short and long term, rather than simply its functions as a payment method, a hedge against inflation,etc. Although many say they would continue using Bitcoin even without the volatility, the reality is that we likely won’t see many holders sticking around, perhaps only a small fraction will remain.

[fredericktaylor]

Investors who invest in Bitcoin with a long-term objective usually do not give priority to temporary gains or losses, but rather focus more on holding on because they know very well that if they can ignore these minor issues and hold on for a long time, then they will have a good chance of making a good amount at the end of this long period. I will also be the first to say that even if I do not have temporary profits, I will still try to invest in Bitcoin consistently.

Bitcoin long-term asset. If you buy Bitcoin consistently with a long-term plan and use discretionary money, and hold Bitcoin with confidence during market volatility and wait patiently for good times, you can expect long-term profits from Bitcoin in the future. Buy Bitcoin does not give you quick profits. Success through investment requires consistency and a long time. We must remember that patience is the key to success. If you invest with the right knowledge and remain patient, you can expect big profits in the future.

[legiteum]

Satoshi and the early user never used it for profit, but rather for the philosophy of a decentralized currency that does not require a third party.

1. You don't know that.

2. If "Satoshi" really didn't profit from Bitcoin, that only proves that he was part of the US government and couldn't legally cash in on his invention. (Sorry, but there's simply no chance that somebody just refuses billions of dollars).

[blockman]

Everyone has said that they'll still going to use it even without profit. But I don't think so, the majority are into Bitcoin because of how profitable it is. Remove it, they say that they'll use for payments. Still, that's sort of an answer based from our emotions as of now. Although many will realize that if it hasn't use for the investment, only a few will remain to be actually using it. There have been other payment processors that can be used by each of us even from offshore transactions. While we're so thankful to satoshi for creating this but I think that's the reality if it's not volatile.

What you’re saying makes sense. Indeed what currently attracts Bitcoin holders most is its potential for profit, both in the short and long term, rather than simply its functions as a payment method, a hedge against inflation,etc. Although many say they would continue using Bitcoin even without the volatility, the reality is that we likely won’t see many holders sticking around, perhaps only a small fraction will remain.

That's right, most of the holders will find something else and where it is more beneficial compared to this one. We can't deny about the reality and what we think about it. We can have those good words with Bitcoin but we might do the opposite of what we're telling. Even if we like it but it's no longer the features that we've got, we'll still use it but no longer the same as before where we've been so optimistic about it.

[PX-Z]

As for me, I believe large percentage of users would lose interest if profit is removed from Bitcoin. However, those who would remain are likely to be ones who truly understand and believe in what Bitcoin itself represents, Because Bitcoin is more than just a way to make money.

It's true, people nowadays are dragged here due to the potential profit they will make in the long run or even in short period of time. But most people forget that the early adopters use bitcoin otherwise. It's due to the ideological alignment, technological curiosity, and the practical need for decentralized, censorship resistant money way back then.

Welp, people back then who initiate the adoption have similar trait, being technicals and some just internet users who like idea of decentralization, just like how torrent bypassed those authorities who wants to take it down.

[test2026]

This is something I wanted us to discuss long time ago when I was a member rank, but it kept slipping my mind.

When most people talk about bitcoin the conversation usually revolves around profit, price increase, bull runs, lastly making gains.

Now I want us to look at it from a different angle, let assume a scenario where Bitcoin price becomes stable, as in no major pumps or hype as we are seeing now, no opportunity for significant profits, Bitcoin only exist as a digital currency, not an investment, Would you still use it?

I know in some countries including my own country, people are already using Bitcoin for reasons beyond profit, they use it for things like cross border transactions, to protect value against inflation, to avoid banking limitations and so on.

Feel free to give your own two cents on this discussion, As for me, I believe large percentage of users would lose interest if profit is removed from Bitcoin. However, those who would remain are likely to be ones who truly understand and believe in what Bitcoin itself represents, Because Bitcoin is more than just a way to make money.

Most of the people invest for profit only. The idea about this being a useful technology is already lost.

[Bitcoin_people]

From your perspective, if Bitcoin becomes a stable currency, I think many people will still use it, although it is not possible, but people will use Bitcoin. I think when the price of Bitcoin is stable, people will do it to protect their privacy and for fast transactions. However, we know that Bitcoin will never be like that because there is no possibility of Bitcoin becoming a stable currency. Rather, in the future, the price will increase and its demand will increase, which will make it valuable. However, we should understand at this time that Bitcoin is not only a financial system but also a future asset for an individual. For the future, Bitcoin is an independent currency that people will easily transact and improve financially while protecting their privacy.

[Rgram]

Most are us have been around because of the opportunity we stand to get from Bitcoin adoption, so what are we talking of if we stand by to make a difference from bitcoin adoption to what we have been seeing from the use of Fiat over the years, to be sincere, bitcoin has to be profitable before we can enjoy every bit of it's investment.

Of course there has got to be something that would bring people here. I think the easiest pioneers of this currency didn’t entertain the thought of it being what it is today, even if they did, it might not have being to the scale they saw it now. That’s why you would find that few had spent 1000s of Bitcoin on a commodity worth $20 in today’s market.

More so, those of us that have come in contact with Bitcoin today, have enjoyed its investment potentials, I don’t see how we would leave it as a currency should it loss it’s potential to serve as an investment option. What we would look out for then is just how best to spend it and we wouldn’t shy away from purchasing it either because, it’s going to be one of the best means to send huge funds and stay off the government radial while doing it.