Post
Topic
Board Bitcoin Discussion
Re: Understand this - Bitcoin is not a commodity it is a working product
by
kryptqnick
on 18/08/2019, 15:17:06 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.
You are right, and it is very important they Bitcoin is an alternative to fiat, a way to have money that isn't under control of a certain country. However, there are reasons why people mainly concentrate on the price. One of them is volatility. Bitcoin is so unstable in comparison to fiat that we cannot just ignore it. And because of that trading and holding make sense. Of course, some say that 1 bitcoin is always one bitcoin and it's all that matters, but I disagree with this approach. Fiat helps to see how significantly the purchasing power of Bitcoin differs. Another reason is that while bitcoin is money, there aren't many ways to use it on regular basis. It's hard to find a cafe or a shop that will agree to accept Bitcoin.