Quote from: franky1 on Today at 12:19:07 PM

Quote from: bitcurve on Today at 09:23:44 AM

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So you're comparing that with Bitcoin? I don't understand how these two could be comparable because they'll both (according to you) eventually collapse. If so, how do you know that?

I don't "know" that but it is a very reasnable and logical assumption, and a probable outcome.

Most new people come to bitcoin to invest in it as an asset ->

They don't use it as a currency ->

do not confuse currency with government issued cash

currency can be anything.. women trade their body for many things.. sex is their currency
friends/neighbours trade alcohol for a helping hand.. beer is their currency

yes its not government issued cash.. but its all still currency.
anything traded that has an accepted value of exchange is a currency
gold is a currency

Quote from: bitcurve on Today at 09:23:44 AM

This creates high damand for bitcoin and limited supply ->

The price goes up ->

People on social media promote bitcoin as an investment ->

The price goes up

It will eventually stop, and the price will crash.

yes the price moves up and down.. congratulations you are learning that all currencies fluctuate
however bitcoin is deflationary. meaning over the long term its value per item bought increases to be able to buy more items

yep its not stable so swings up and down but broadly and long term the price moves up.
each time there is a crash/correction, its actually a good discount period/opportunity to buy more before the next rise
enjoy the crashes, dont fear them. because the next cycle the price will be higher, not lower

You defined a currency as a storage of value - that's incorrect. A currency has a fixed value, one US dollar = another US dollar.