Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not intended to be a stock. Blockchain has nothing to do with price
by
NeuroticFish
on 28/02/2019, 07:46:40 UTC
Guys, Bitcoin is fundamentally flawed, we all know this yet we keep focusing on the price.

Interesting statement. Care to elaborate? Where/how is Bitcoin "fundamentally flawed"?
Or you wanted to start with something bombastic, even with the risk of starting FUD, only to get some attention?
So please explain how you think Bitcoin is flawed. As you can see from others' post too it's not "all" who "know" that Bitcoin is "fundamentally flawed".

yet we treat it like a stock

This denotes quite some lack of understanding. In all countries with inflation there are people who will buy less inflationary coins (USD, EUR..) and keep them as asset.
This is normal to also happen with Bitcoin because mathematically Bitcoin is more powerful than even USD and EUR.
Then there's Forex. The same happens today on Bitcoin exchanges too.

So the only abnormal part is the level of speculation, but imho that's caused by the lack of regulations, which allows some exchanges play with fake volumes, fake trade and ultimately affecting the price when they shouldn't.