Quote from: tygeade on March 17, 2023, 12:52:02 PM

Quote from: woez on March 17, 2023, 09:07:34 AM

Quote from: uche6215 on March 15, 2023, 07:31:03 AM

But if someone may ask you, what do you call BITCOIN?

If Bitcoin is said to be a treasure it has a deeper meaning because it is in limited supply and difficult to obtain, similar to how treasure is a rare and valuable item.

In my opinion, why do many people like using Bitcoin as an investment because as a form of digital currency it has potential and can be used as an investment opportunity in the future, but what must be considered is that its value can fluctuate at any time.

I would guess that using it as currency is something most people feel terrible about because we know that it is something that will gain a lot of value and that means if we spend it then we are going to end up being sad about it when the time comes and it doesn't really look like we have enough like we used to.

So, if I spend 1 bitcoin at 25k+ right now and buy a car, then when the price becomes 100k per bitcoin then I would be upset because I could have bought 4 cars with it, that is the sad part about it. This is why I believe that we shouldn't have done this, it was a bad choice and we should have avoided that as long as we possibly could and that is why people don't spend it too much.

It is true, the original purpose of bitcoin was not created as an investment, but today it is and is considered an investment rather than a currency or a method of payment. I know some people want to turn bitcoin into a currency rather than an investment, but this is very difficult. Honestly, I also don't want to spend my bitcoins during this period, I just want to accumulate as much as possible because I believe the value of bitcoins will be huge in the future. It would be really wasteful to use bitcoin as currency and spend it on our daily expenses.