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.
I disagree, made your point is bitcoin is a currency but most people are seeing it as an investment where they could make a profit.
Still, you can't say that bitcoin is dying because of that reason, bitcoin market price is controlled by supply and demand in the market and the limited supply makes sense that is why we see price volatility making it a good investment, its circulation or volatility whats makes it a good investment.
We could say that bitcoin is still growing or instill in a process, as long as people are using it for whatever they want to it will not die. Even if the market price of bitcoin becomes so high up to a million $ it doesn't mean that bitcoin is dead it's the opposite, in the future, we could see how it will operate as a currency.