Guys, Bitcoin is fundamentally flawed, we all know this yet we keep focusing on the price. Bitcoin was intended to be a p2p, cutting out the middle man, yet we treat it like a stock. If Bitcoin were to be a reporting company by god knows how, it'd have to file for reports, 10k's, quarterly, anually, the whole 9 if you're familiar with the financial realm.
Bitcoin is not a fraud, it's the individuals (smart money/wall st) manipulating it for the greed of money.
Whatever we say people using bitcoin for their greed including ME . More over currency it became the stock . I am holding some of the bitcoin form long time even lots of community members and traders out here . No matter what we can say bitcoin still store of value . Hodl is meant to Stock i think.
It is because of the way that these manipulators have manipulated the market that makes it look like bitcoin is only used as an asset alone. That 2017 increase to me did more damage to the market, because the way bitcoin surge so high was kind of too outrageous that it attracted many people who only came to the market to make money through cryptocurrency alone and not to use it as p2p that it was created for.
I want to see how those manipulators will survive in future when the volatility is no longer there and the price movement will be so little like the way it happens in the Forex market, then people would have embrace the currency purpose of it and be using it to make payment on so many merchant stores then either online of offline.