Bitcoin without profit: would you stick around?

[Cookdata]

In my opinion, Bitcoin will persist, but investors will decrease. Its price may be stable for a very long time, but its utility is already almost global. In this case, I believe other coins will replace Bitcoin due to its hype and pump, but Bitcoin will not disappear; in fact, it will reach its ultimate goal. If what you say is true, Bitcoin is used for transactions, then Bitcoin has succeeded in achieving its goal. Bitcoin as an investment is actually an option that many people may not have considered, but it is happening now.

Investors numbers doesn't mean anything to Bitcoin, we just need where liquidity will come from, one tech giant can mask 100k investors with probably $10k each to invest but the downside of this is we will be accepting centralized entities into Bitcoin that's why it's better to see Bitcoin distributed across many entities than a single person, this virtual demand from everyone will naturally create impact in price, which is why Bitcoin can't remain the same price for long, there will be a positive profits.

This thing we are discussing is theoretical, it's not reality and if it's an assumption, I don't think anyone would create Bitcoin without value, the purpose is defeated, the interest from people will be zero, it may attract people that may need it for other purpose but the profit is the number one reason why everyone want a piece of the sats, without it I'm not sure Strategy will puur billions of dollars to accumulate Bitcoin for long term use.

[Rabata]

If Bitcoin doesn't have a value, it will only be used by enthusiasts like the ones who were at the beginning of the digital gold journey. It will be driven solely by curiosity. I was wondering what would happen if I wanted to send money to a friend abroad. However, I couldn't do that because it wouldn't have a price. Well, I could do it, but what's the point of sending something and receiving it on the other side of the world if it doesn't have any value? This action is full of enthusiasm and interest, but not of benefit or practical meaning.

No one will be motivated to do anything without profit. So if there is no profit in Bitcoin, then no one will stick to it, it is true. If we see that it is possible to make several times the investment from Bitcoin in long-term investment or Bitcoin is a potential investment, then investors will definitely invest in Bitcoin. Bitcoin will never be a stable currency because it is decentralized. No one can control it completely. If someone tries to dump it by selling more, others will take advantage of it by buying. If it is not used as a means of investment or transaction, that is, it has no utility, then no one would accept Bitcoin, but Bitcoin is an asset. Those who have confidence in it, even if they temporarily lose, will never lose confidence in it in the long run.

[r_victory]

My personal opinion. Simple and direct: Bitcoin wasn't created with the goal of generating profit but to offer financial freedom, an online payment system where two people could send money to each other directly, without a bank in between, without the need for intermediaries. What we see today isn't the initial purpose of Bitcoin. So, I certainly wouldn't see any problem in not making a profit; in fact, it would take a weight off my shoulders, as I would spend it without thinking about it.

[Btcdeybodi]

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.

You are right that many people will lose interest if no profit is attached to bitcoin again but have you ever thought about the early people that bought bitcoin? they didn't buy because they needed a profit but because they want a decentralized transaction where there will be no third party to interfere. Apart from profits, the reasons for choosing bitcoin is many because with bitcoin transactions the problem of double-spending is solved, and unlike bank transactions that can reverse back after being sent, bitcoin transactions are irreversible so when you send bitcoins and it is confirmed in the blockchain the receiver will not say that they didn't receive the bitcoins because everything is transparent in the public ledger.

[legiteum]

You are right that many people will lose interest if no profit is attached to bitcoin again but have you ever thought about the early people that bought bitcoin? they didn't buy because they needed a profit but because they want a decentralized transaction where there will be no third party to interfere. Apart from profits, the reasons for choosing bitcoin is many because with bitcoin transactions the problem of double-spending is solved, and unlike bank transactions that can reverse back after being sent, bitcoin transactions are irreversible so when you send bitcoins and it is confirmed in the blockchain the receiver will not say that they didn't receive the bitcoins because everything is transparent in the public ledger.

I think we've learned that there are perhaps a few thousand people in the world that truly need what Bitcoin originally promised. (And today, those needs are better served with other products like Monero or stablecoins).

For 99.99% of today's Bitcoin users, it's about buying lower and selling higher so you make a profit.

[Faisal2202]

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.

I don't pay directly in BTC for my dealings, but I have to sell my BTC to get fiat. If that counts as "using BTC as payment," then yes, because no one is accepting BTC directly here. Everyone is trying to avoid it because they don't want extra problems on top of what they already have. That's how governments are trying to control the public.

Anyway, if they started accepting BTC directly, I would use it. If I am willing to sell it for fiat to pay for my groceries, then why wouldn't I use it directly as payment? I would love to take my salary in Bitcoin too, but for overtime or the freelancing work I do, the main source of income (my job) should be in fiat to run our life normally and better.

So yeah, I would stick around.

[Xackie]

Alot of people would stop using Bitcoin if it becomes stable, that's not even hard to know. We investors, our first priority is making profit, that is why we always pray for bull runs. They will just look for another project to earn. But not everyone will leave Bitcoin, it will just change the type of users. Its main function to people will be payments, storage and freedom from bank limits. Our banking system is broken, so Bitcoin is offering a better place for storage. So interest may drop, but the foundation becomes stronger. Those who will continue using are not there for the hype instead for what Bitcoin actually solves in real life.

[Peanutswar]

Possible still when it comes with the use of the security purposes we knew that the use of the bitcoin is decentralized and anonymity so if you wanted to make a transaction without revealing your identity using this is one of the recommended and solely for this and seems possibly only few people will use this kind of feature. I guess if i were on that im not engage with the bitcoin because i came also because of the market volatility and price of the bitcoin if ever i will still use the old way of transactions.

[TedMosby]

Let's assume first that Bitcoin is just a digital currency, with no room for capital gain or anything like that. For me, who is 100% full time in this crypto industry, it would make me less interested in Bitcoin. But in terms of community, I would still be there as part of the community, as a user, even if not as much as now. It feels like an achievement when you support something that ends up growing big, when you were already there supporting it before it became mainstream and widely adopted. Other than that, Bitcoin would still be the same with its features, so I am sure it would not die. It would just make it very niche, very segmented, for users who really really need Bitcoin.

[arwin100]

Let's assume first that Bitcoin is just a digital currency, with no room for capital gain or anything like that. For me, who is 100% full time in this crypto industry, it would make me less interested in Bitcoin. But in terms of community, I would still be there as part of the community, as a user, even if not as much as now. It feels like an achievement when you support something that ends up growing big, when you were already there supporting it before it became mainstream and widely adopted. Other than that, Bitcoin would still be the same with its features, so I am sure it would not die. It would just make it very niche, very segmented, for users who really really need Bitcoin.

People got attracted on something they know profitable to them, if it happens that Bitcoin would became unprofitable to all people holds it. For sure the interest for acquiring it would became lesser and lesser everyday.

No one will provably waste their time buying a coin that will not give them any return. Community will still be there and maybe there are people will continue to use it for their online transaction, but there's huge decline will happen since most of people came here for investment matters.

[endut15]

Honestly yes, I'd stick around. I got into bitcoin partly because of the gains, I won't pretend otherwise. But over time the way it works — no bank needed, send anywhere, no one can freeze it — that part started mattering more to me than the price.
The profit angle brings in a lot of noise anyway. If bitcoin just settled into being a reliable way to move and store value, the people left using it would probably be a better crowd than what we have now during the hype cycles.

[Nahl]

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

[Mpamaegbu]

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?

Nobody invests in what isn't profitable to them. Let's start off with that in mind first. I've continued to maintain that what gave Bitcoin its hype is what has become seen as the asset side of it, not its P2P nature which was the original reason of its creation. Satoshi's main reason was to cut off the middleman interference in payment as seen in Bitcoins early days. It was until it became a speculative asset that a lot of us started showing interest in using it.

Back to your question, if Bitcoin didn't have that speculative nature; I would barely use it. Maybe, I would use it as a stablecoin to curb inflation of my local currency.

[Soldroplet]

Bitcoin is usually not controlled by anyone. rather we are the controller. There is no third party intervention in it, Bitcoin cannot be stable. If you keep money in the bank, it will be a hassle not today but tomorrow, various types of paperwork, verification of a person's photo, bio data, etc. But there is no hassle in this, I can make it usable whenever I want.People invest in Bitcoin hoping for profit, be it long term or short term. But I feel comfortable investing in Bitcoin, according to your words, my answer would be, even if it does not give profit, I will continue to invest in Bitcoin.

[Hardyrobust]

As long as inflation doesn't have any effect on bitcoin, yes I would definitely used it. Moreover it is not everyone that is accumulating bitcoin is doing so because of profits but rather to preserve wealth that they can pass down to the next generation. Bitcoin is decentralised in nature which means total control over ones assets.
There are people that will stop buying bitcoin if the value becomes stable, this people are buying bitcoin to make profit at the end .

[Renampun]

I want to say that Satoshi never offered profits to people who use Bitcoin, because the main feature of Bitcoin is that it allows people to perform P2P transactions without third parties and the ability to have full control over their own assets. with that, our mindset should focus on adoption and real usage rather than just price appreciation, because compared to profit, it is still more crucial to see Bitcoin as financial freedom that cannot be controlled by banks and can be used for long-term store of value that is resistant to inflation and fiat currency devaluation.

[Antotena]

As long as inflation doesn't have any effect on bitcoin, yes I would definitely used it. Moreover it is not everyone that is accumulating bitcoin is doing so because of profits but rather to preserve wealth that they can pass down to the next generation. Bitcoin is decentralised in nature which means total control over ones assets.
There are people that will stop buying bitcoin if the value becomes stable, this people are buying bitcoin to make profit at the end .

I doubt if you are going to use it though, one of the reason why Bitcoin is this popular is because of the value tied to it, the institutional investors are spending billions to have some Bitcoin in their wallet. If there is no value to Bitcoin, I don't think people will want to use it, I doubt if you are going to use it. I don't even know if this question OP asked make sense, if there is no profit to Bitcoin I don't know how it will attract people to it when it's because of the profit everyone talks about it.

Bitcoin is good with profit, don't you see how the market is quiet and everyone are sitting on the fense to see where the price will be going next. Literally, it's that profit that makes traders want to trade and it's because of this profit some traders don't like the market during the weekend, there is nothing sweet in the Bitcoin market without that profit, I'm sure that even Donald Trump loves Bitcoin because of the value it gives us.

[Adams0001]

You are right that many people will lose interest if no profit is attached to bitcoin again but have you ever thought about the early people that bought bitcoin? they didn't buy because they needed a profit but because they want a decentralized transaction where there will be no third party to interfere. Apart from profits, the reasons for choosing bitcoin is many because with bitcoin transactions the problem of double-spending is solved, and unlike bank transactions that can reverse back after being sent, bitcoin transactions are irreversible so when you send bitcoins and it is confirmed in the blockchain the receiver will not say that they didn't receive the bitcoins because everything is transparent in the public ledger.

Sure, and I notice many people and even me personally is because of the generating profit make me get more interested in bitcoin because when they start introducing bitcoin to me is because of getting profits. And later on I start to get more knowledge and know that bitcoin as many things to offer not only to invest to get profit even to do transactions and get freedom with your money without anyone get access to your funds, by using private key to secure your coins. But I can probably said that if not because people are investing in Bitcoin and they are getting profits if is only for transactions I don't think he will have value did way it is currently. If you're not investing others are doing or even trading in it to gain profit.

[RockBell]

If Bitcoin doesn't have a value, it will only be used by enthusiasts like the ones who were at the beginning of the digital gold journey. It will be driven solely by curiosity. I was wondering what would happen if I wanted to send money to a friend abroad. However, I couldn't do that because it wouldn't have a price. Well, I could do it, but what's the point of sending something and receiving it on the other side of the world if it doesn't have any value? This action is full of enthusiasm and interest, but not of benefit or practical meaning.

No one will be motivated to do anything without profit. So if there is no profit in Bitcoin, then no one will stick to it, it is true. If we see that it is possible to make several times the investment from Bitcoin in long-term investment or Bitcoin is a potential investment, then investors will definitely invest in Bitcoin. Bitcoin will never be a stable currency because it is decentralized. No one can control it completely. If someone tries to dump it by selling more, others will take advantage of it by buying. If it is not used as a means of investment or transaction, that is, it has no utility, then no one would accept Bitcoin, but Bitcoin is an asset. Those who have confidence in it, even if they temporarily lose, will never lose confidence in it in the long run.

That is just the simple truth about the whole thing when there is no profit involved then I don't think anyone will be involved because from the beginning we should have trusted the whole bitcoin idea because does that removed profit from the beginning and trusted the process are enjoying everything now and this is why sometimes we just have to learn to trust the whole process and now they have made good money and nothing was certain but a lot of people took the risk to believe in bitcoin and it worked for them but the truth is this time around if there is no money involved or anything beneficial then am sure people will not involved.

And  from the look of things I don't know why people are still trying to compare bitcoin to money or trying to make it a global money it is not even important,  and the money that is involved in bitcoin is what is giving the investment more confident so the truth is no money no bitcoin.

[jossiel]

Honestly yes, I'd stick around. I got into bitcoin partly because of the gains, I won't pretend otherwise. But over time the way it works — no bank needed, send anywhere, no one can freeze it — that part started mattering more to me than the price.
The profit angle brings in a lot of noise anyway. If bitcoin just settled into being a reliable way to move and store value, the people left using it would probably be a better crowd than what we have now during the hype cycles.

I'd also stick to it.

It doesn't only offer the profitability that it has got so removing that, there are other features that we can mostly enjoy like the transfers.

As long as it's got that value, there will be people that will use it. We can think of the stable coins that don't move much with their value and yet, there's massive volume and use from those.