Post
Topic
Board Bitcoin Discussion
Re: Real purpose of Bitcoin
by
serjent05
on 04/12/2020, 11:50:00 UTC
When you talk about Bitcoin first thing which most of us thinks either it's a get rich quick scheme or an investment scheme. Did Satoshi Nakamoto created Bitcoin as an investment scheme? No, it was supposed to be a peer to peer payment transaction across borders without involvement expensive money exchangers or regulators but it has been turned into an investment scheme, where are we heading ? Do you think Bitcoin is losing its original purpose of its invention?

No Bitcoin isn't losing its original purpose.  It is that people are making a way to take advantage and create a profit on the new and trending financial technology.  It is normal for new and trending technology to create a huge buzz in the market especially when it is created to be a tool of financial transfers and with that comes speculations that attract traders and investors.  So it is normal for emerging technology to be seen as an investment.