Quote from: Hamza2424 on October 16, 2024, 08:21:18 PM

Quote from: FortuneFollower on October 16, 2024, 06:53:16 AM

I am with you here. Govs can try to regulate crypto all they want, but BTC would remain the digital gold that's available to experience and invest in for everybody, as well as to learn about it and crypto in general. You can do many things related to BTC, and all of them are up for you to take.

I don't know what you think about Bitcoin's current narrative, but it is definitely not going to be the best payment mode. It can be a payment mode, as I personally use it rarely. Bitcoin has definitely created its reputation as the most reliable store of value, but calling it digital gold while associating gold's characteristics is not appropriate. Both are way different in their domains.

I agree with you , it can be a payment method but saying it is the best option to be an alternative payment method is not necessarily true. If I had to choose 1 cryptocurrency as a payment method, I would not choose Bitcoin because the transaction fees are unstable and the network speed is quite slow. There are better options when it comes to payment methods.

But I disagree when you say that bitcoin has built a reputation and become the most trusted store of value. When it comes to a store of value, we need to make sure that it is stable, increases in value over time, and is not too volatile . Bitcoin is not suitable as a store of value because it is too volatile , and volatility is only suitable for investment.

If it really proves to be a good store of value then it could be called digital gold as gold is still the best inflation hedge or store of wealth to date.