Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Is Dying
by
Youghoor
on 14/01/2021, 15:57:00 UTC
Bitcoin is dying and you could be among those who are killing it. In 2010 Laszlo paid 10,000 bitcoins for a pizza. We all know this story but how many of us understand it? Do you think Laszlo didn't see potential in Bitcoin? He could have hodl and sell it off, but, he made that transaction to prove a point; to prove that Bitcoin is actually a currency. But since the price skyrocketed, only a few care about the sole aim of the currency. Everyone is "buying the dip", or "Investing some $$" in Bitcoin, and that is killing Bitcoin. The average person today sees bitcoin as an investment. Are we really turing this Cryptocurrency into a Crypto Asset?!

A way of making more money due to the price speculation. With every new investor believing this, I hate to say this but, Bitcoin is dying. I know that the chances of Bitcoin's price dropping so bad are small. But if it happens, if it ever happens, a lot of people will lose, a lot will pull out, a lot will tag us scam, a lot will (out of anger) say that we are centralized, and a lot would never know or participate in the real use of Bitcoin. We need to figure this out before it becomes too late.


Majority of people in the bitcoin ecosystem are aware of the fact that Bitcoin is a digital currency designed to facilitate online transactions easier and faster. Just like physical money which a lot of people use it for their daily transactions whiles others prefer to keep theirs in the bank, Bitcoin is also used by people for most of their online transactions whiles others prefer to hold onto theirs since there is a potential for Bitcoin to increase in its market value.  Personally, I don't think I will agree with you on the fact that Bitcoin is dying as a currency. I think you don't really understand how the financial ecosystem operates.