I'm sure the number one thing bit coin is used for is trading but that wasn't its original use and seeing how it still has value and exists a decade later it has utility. Officially what else is it used for? How could you find this out there isnt a wall street journal for bitcoin. But there must be a prospectus for it out there or as close to one as possible. Is there a way to read the original white paper?
I thought BTC was going to replace western union by now and be used by official brick and motor businesses. I guess thats the point of stable coins, Why doesnt BTC have a stable coin backed up by BTC; kind of like how they back up mortgages. I wish I could remember my series seven better I could think up more use cases for BTC.
Will it only be used for investing/speculation as long as its price is this unstable? Can you imagine a normal acting like bitcoin does? I guess pink papers/penny stocks do that but those are just legal pump and dumps that clog up your work fax with junk faxes that come through at 4:00AM making sure you will se it.
Well, you're absolutely right concerning the fact that bitcoin wasn't made primarily for trading. Satoshi made bitcoin to be a currency just like every currency in the world only that it was intended to be decentralized meaning it is not backed and neither controlled by the government and banks.
Bitcoin cannot be a stable coin because it is a decentralized coin unlike the stable coins like USDT, BUSD which are
centralized altcoins. This is where trading comes in. Trading is simply taking advantage of the volatility in the price of bitcoin by buying low and selling high