alot of posts seem to be focused on the price of bitcoin. i understand why because they are wanting to sell it for a profit but is that the purpose of bitcoin or was there some other purpose for it? i thought it was originally designed to just be a way to transfer digital cash in a decentralized manner but it seems like people don't really care about that part of it and all they care about is what its price is. seems they got the wrong idea of bitcoin.
thing is, for alot of people it seems like when bitcoin price is "high" they think that means it is succeeding more than when it is "low". but if we think about bitcoin's intended purpose, it doesn't matter what the price is as long as bitcoin can be transferred peer to peer without any centralized party being involved. so if bitcoin was worth $1 people shouldn't complain.
There are opportunities inside an opportunity, that is what Bitcoin has created. The decentralized mode of payment might be the initial and main goal of Bitcoin but the cryptocurrency has proven itself to be more beneficial to the extent that its first purpose is now a small fraction of the functionality of it.
We can't blame that on anything, it now depends on individuals and what they intend to do with their Bitcoin among the many ways it could be used (Payment, investment, trading, lending etc.)