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.
If the price of Bitcoin is increasing it does not mean that the world is killing it. It is quite the opposite.
Think about it... Every asset or currency value is driven by supply and demand. The fact that fiat currencies are somehow stable is because of the interventions the governments make in the market.
When you can't interfere with the supply and demand of the market by printing more currency or using other monetary policies, you get a more fair value dictated by the forces of the market.
Nobody stops you to use Bitcoin as a payment method, but is that the right thing to do when it swings multiple percentages each day? - You will have to decide that.