Bitcoin without profit: would you stick around?

[CryptSafe]

I think trading fees are something many people underestimate, especially in the beginning. When you trade occasionally, it doesn’t feel like a big deal, but if you’re active, it adds up quickly.
I’ve personally started paying more attention to platforms offering zero fee trading on some pairs. It gives more flexibility, especially when the market is volatile and you need to enter and exit quickly.
Some exchanges like MEXC have been offering zero fee spot trading in certain cases, which I found useful. Not saying fees are everything, but reducing them definitely helps in the long run.
What do you guys think do fees really impact your strategy or not?

Is this a bug or what? Did you change the topic of this thread or what, because what I am seeing here is quite different from what is discussed on this thread. Look at the topic of this thread and look at the topic your posted here, they are two different things entirely, maybe you should move this post of yours to the appropriate thread, or you correct the topic back to the normal to suit the purpose of the thread discussion. This is why newbies are always advised to read before they post and if they do not understand or get anything clear, they should be able to ask questions for a better understanding before theact out of context just like what just happened here.

[slaman29]

Not really a new discussion, just a new person asking the very old question of 'Are you a Bitcoin user'?

Because trading it, to me, has never been a use case. Especially when most people use CEX, where the Bitcoin they buy or sell is not even happening on chain.

P2P trading is a bit different, but most people do that to simply fiat in or out, the P2P trader full time maybe is benefitting from the fees, so he will always be in the business. Probably even more so if people use Bitcoin more because it is less volatile

[WhoYouCantKill]

What is the essence of Bitcoin investment when we are not profitable in it, one of the reason why people cannot do without considering it is because of the diverse opportunity that comes along, so it does not really show impressive consideration when we cannot earn from it, it is trusted and reliable, everything that has been said about bitcoin is both revolves around it and apart of why people are more interested in it.

Bitcoin investment isn’t like gambling where people go to get entertained or have fun. Everyone who comes to Bitcoin, whether as an investor or just a trader, comes with the sole aim of making profits or to gain financial freedom, nothing more, nothing less, so if an investor or a trader is no longer making profit from investing in Bitcoin or isn’t seeing any promised future, then it only means one thing, and that’s that it’s clearly not worth investing in, it’s as simple as that.

[rodskee]

if i were taking in clients from abroad, i’d prefer if bitcoin was the mode of payment. that way there’s not much fuss needed about bank accounts. bitcoin can be used in two different countries which makes it so accessible.

[JoyMarsha]

The profits Bitcoin gives, are the main reason we are investing our hard-earned money in it. Removing the profits, and pointing out the reasons you give such as "hedge against inflation, cross border transaction, and avoiding banking limitations" many people all over the world would have this rush over Bitcoin because there will be some other products that can offer a similar thing for them. Then will it be a few people to make use of Bitcoin, and the rest will make use of other things. Like that will it be going, and Bitcoin won't be as popular as we have it is now.

[colinistheman]

Would you still use it?

As you said, most people discussing bitcoin right now are focused solely on profit. Very few people talk about its original purpose and its use as a form of currency.

I think, if we are honest and dare to admit it, 99% of us are here for the huge profit from bitcoin, including me. That is our top priority and goal, not privacy or having complete control over our assets. Therefore, I agree that the majority of users will lose interest and abandon Bitcoin if it no longer yields huge profit.

[Die_empty]

As you said, most people discussing bitcoin right now are focused solely on profit. Very few people talk about its original purpose and its use as a form of currency.

I think, if we are honest and dare to admit it, 99% of us are here for the huge profit from bitcoin, including me. That is our top priority and goal, not privacy or having complete control over our assets. Therefore, I agree that the majority of users will lose interest and abandon Bitcoin if it no longer yields huge profit.

Most people use Bitcoin through centralized platforms like exchanges. This shows that they don't care much about privacy or decentralization. Some people are comfortable with KYC and don't hesitate to offer it to any institution.

Bitcoin helped me so much when the government of my country placed severe restrictions on bank transactions. So I might still keep Bitcoin even when the price is stable to evade government restrictions. But I would invest as much as I am doing now. I might prefer to put my money into other assets that would generate profit.

[Free Market Capitalist]

I think, if we are honest and dare to admit it, 99% of us are here for the huge profit from bitcoin, including me.

Good luck with that. It seems you haven’t taken the time to look at Bitcoin’s price trend, which has followed a downward curve—as is often the case with assets that are maturing. At first, the returns were spectacular, but that was when no one believed in it. No one knew if it was going to drop to zero the next month, or if it was going to be banned worldwide. Now that it’s clear it’s an established asset, we didn’t even make 2X the previous cycle. So it doesn’t look like we’re going to see huge profits in the future. Maybe in a really good cycle we’ll make 3X, but the trend is going to be moderate, I think.

Even so, I do have Bitcoin because it depends only on me and how I store it; it doesn’t depend on a bank or any government. And that’s a huge advantage.

[sunsilk]

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 think that I will still use it. Because with something new in terms of payments and currencies, we'd be curious on how to do it.

It's not the same with the new projects that we get to see everyday that are saying they're the best and they're making themselves known.

So with some revolutionary technologies that we get to see, we'll like to try it and from there we'll see if we will continue to use it.

[bitbollo]

bitcoin can be really useful even without realizing any kind of monetary profit. Imagine, you can get few millions of monopoli's cash.
This would change something if few millions more or less? I don't think so... this should be the same approach with FIAT cash.
Many years ago, people were saying "selling FIAT" or "we are different, I want get more satoshi and not more FIAT".
Well there was mostly a reason and not was just something related to making an earning on this.

[Findingnemo]

My biggest wish is that it happens then people will be using bitcoin as money which they really own/control and not scrutinized by someone called bank and you have the option to chose your own fee then yes I will stick around until it happens.

But what is the possibility of price becoming stable? It is only possible when everyone in the world holds bitcoin and treats it as money.