Post
Topic
Board Bitcoin Discussion
Merits 3 from 1 user
Re: I have always wanted to ask this about bitcoin
by
Cookdata
on 16/02/2023, 15:52:20 UTC
⭐ Merited by The Sceptical Chymist (3)
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

What is the point of it being bitcoin if it's stable in price without characteristics of investment? I think we have other stablecoins that possess decentralized characteristics like the Maker Dao stable coin(DAI), the decentralization is limited to the Ethereum foundation though. There is no point for bitcoin to exist if doesn't have those characteristics, Perhaps you should check the Bitcoin whitepaper for some reference or even learn more about bitcoin, it will help you clear some of these kinds of questions.

Quote
if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

Volatility exists in every market but bitcoin is unique in its own way, you shouldn't forget the way it goes up, the same way it does when it is coming down. I was exposed to Bitcoin before I even learned about stocks and others but I'm already used to bitcoin volatility(cryptos) and nothing legit can change that anytime soon, not even stocks. Any other volatility that beats that of bitcoin should be considered a scam.