Post
Topic
Board Bitcoin Discussion
Re: Understand this - Bitcoin is not a commodity it is a working product
by
avikz
on 12/08/2019, 03:28:06 UTC
When will they understand Bitcoin is not a quick "Make me Rich" product. I have been following this forum for more than a month and most of the time Users here are talking about the price or are trying to find out when the price will reach a new all time high.

If you understand Bitcoin and the concept, it was never meant to be a commodity. It was meant to be and will always be the replacement of FIAT currency and Financial dependence. It is was never never meant to become a quick way to become Rich.

It simply meant Financial Freedom from those individuals who control our present finance. Who controls them I do not know?

It meant freedom from controlled money and to ease of live.

There's a good reason why people are always discussing price points. It's because bitcoin doesn't have much other usage in real world and that's why it is being used as an investment. If we see increased number of adoption worldwide by the regulatory authorities, we may see people using it as a currency. Otherwise, it will remain an investment only! Especially the price volatility of bitcoin, offers immense opportunity in trading market which is used by people to make quick money out of it.

Also it is never meant to become a "replacement of fiat"! If you have read the whitepaper of Satoshi, bitcoin is a "peer to peer electronic cash system"! Satoshi never talked about revolution or the replacement of fiats or banks. These are created by bitcoin maximalists!