Quote from: kotajikikox on Today at 02:33:14 AM

Quote from: Perfectbaby on June 04, 2024, 11:16:39 PM

Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?

Bitcoin was created by Satoshi as an alternative to fiat however its unique and innovative features offer more than that. It can be used as a place to hold your money in fighting against your currency going through inflation and it can also be an investment opportunity.

It turned into an investment opportunity simply because many people find bitcoin to have potential. They see it and now they are making off profits by selling it to those who want some bitcoin. You can do anything you want with bitcoin, truthfully. Use it as an alternative currency or use it as an investment tool, it’s all up to you.

I don't know if Satoshi intended to use bitcoin as an investment when he created it, but in the bitcoin's whitepaper, he never mentioned that. Bitcoin is a peer-to-peer currency, he said, but since its launch, early adopters have turned it into an investment and spread this to this day. Most of the newbies to this field in recent years only consider bitcoin as an investment, an asset and few know that it was created to be a currency.

If we just want to talk about what's going on, bitcoin is being treated as an investment asset instead of being used the way it was originally created.

Yes, we can still use it as a currency and that will never go away. But with the limitations that bitcoin is facing like volatile transaction fees and network congestion, using it as a currency will be more difficult.