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Author Topic: I think Bitcoin has a bigger problem than explaining how it works  (Read 174 times)
Aanuoluwatofunmi
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November 03, 2026, 12:46:36 PM
 #21

What gave you your reason to care about Bitcoin beyond the price?

The freedom
Decentralization
Valuable assets
Secured network
Good store of value
Anti-Inflation proof
Transparency
Immutability

Let me just stop here, all these are many more are the reason why I will rather prefer to choose bitcoin than continue to operate under a centralized network controlled by the government, anyone that truly wants freedom will have it financially with Bitcoin, this is why it is not mandatory to adopt it except you see a need to embrace decentralization for freedom.

 
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devouring-DARKNESS
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November 03, 2026, 01:34:08 PM
 #22


I don't think "number go up" is enough. I've watched people abandon things they believed in when the financial incentive disappeared.

What gave you your reason to care about Bitcoin beyond the price?
For bitcoin I don’t think it’s the price really matters, just because 1BTC is simply 1BTC and nothing changes, sure the 21m total supply is a factor that make bitcoin worth more. The fact that we know it has limitations and more cannot just be created will eventually make it scarce in the future. This is enough reason to care about bitcoin.

Also, the other features you listed above like the decentralized nature, self custody, and the freedom you get when you make transactions across countries without the involvement of any government authority is the another reason I care about bitcoin and not just its price value.

The price does matter because bitcoin is most times valued against a different currency, mostly the dollar so 1btc is still 1btc but the price today compared to when the very first bitcoin was mined isn't the same anf 20 years from today the price will also be different from what it is today so you can't just say the price doesn't matter.
But beyond the price bitcoin has been able to make international trade easier between different countries with different local currencies, with bitcoin no-one is more advantaged then the other since both parties dont hsve any form of claim on bitcoin.

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Cryptomultiplier
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November 03, 2026, 01:58:23 PM
Merited by d5000 (1)
 #23

What gave you your reason to care about Bitcoin beyond the price?

The freedom
Decentralization
Valuable assets
Secured network
Good store of value
Anti-Inflation proof
Transparency
Immutability

Let me just stop here, all these are many more are the reason why I will rather prefer to choose bitcoin than continue to operate under a centralized network controlled by the government, anyone that truly wants freedom will have it financially with Bitcoin, this is why it is not mandatory to adopt it except you see a need to embrace decentralization for freedom.
I never did care about Bitcoin even when I had a friend who was years ahead in its knowledge and investment process that he made money from it. My own conviction came as at a time when salary became too little because of rising inflation, savings diminished in the bank and anyone with your account or bank verification details could easily see your balance and rate you instantly.

It's at this point I understood the essence of decentralization, good store of value, freedom from financial gatekeepers who own my money and can decide when to give me access to it or not, and that was when I delve in to survive both for my self respect and peace of mind and for my future.

Escaping a system controlled by the government made it more interesting to me and I can be in my sitting room any day and anytime and earn in Bitcoin or trade for Bitcoin and no one keeps a lid on my financial life nor rates me based on my account balance.
That's when I realized how much worth Bitcoin has till date.


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November 03, 2026, 02:04:29 PM
 #24

What gave you your reason to care about Bitcoin beyond the price?

Certainly, price is indeed an important factor. There's nothing else that makes one very interested in Bitcoin. Technology and supply are other factors that are considered supportive. Essentially, they support scarcity in circulation and cause price increases when demand is high. The decentralized system also allows me to be free but limited, because access to Bitcoin for daily needs is still very limited. Furthermore, trust in Bitcoin is also very strong, which supports how it continues to grow and become more valuable.

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November 03, 2026, 02:10:55 PM
 #25

Certainly, price is indeed an important factor. There's nothing else that makes one very interested in Bitcoin. Technology and supply are other factors that are considered supportive. Essentially, they support scarcity in circulation and cause price increases when demand is high. The decentralized system also allows me to be free but limited, because access to Bitcoin for daily needs is still very limited. Furthermore, trust in Bitcoin is also very strong, which supports how it continues to grow and become more valuable.
Price is not value and value is what decides Bitcoin price in long term. Years ago, people were interested in Bitcoin because they felt something technically interesting and valuable in Bitcoin protocol and the blockchain. Then value attracted more people, and it created value over time, then price and trading volume come too.

It's still true in 2026 and in the future, if value losses, price and trading volume will be affected negatively and gradually drop to zero. If price is most important, you will see Bitcoin less attractive with time, years and market cycles because surely its ROI in the future will be smaller than in past years and previous market cycles.

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