Quote from: CTO114 on August 20, 2025, 02:30:48 PM

The volatility (persistent changes in the price of Bitcoin) has drawn a lot of attention, and will continue to. The consequences surely has it's merits and demerits; to various users. To the trader, and investor respectively. Do the merits outweigh the demerits? Would a less volatile nature draw more usage?

I think one of the major reasons why bitcoin has gained these much of popularity in this shortest prior as compared to other financial instruments is the volatile nature of the coin(my thoughts ) and though, its main purpose was to serve as a decentralized digital currency but at the moment, it’s volatile nature has made holders appreciate it more and prefer to use it as a store of value.
For traders, if bitcoin wasn’t volatile, bitcoin traders wouldn’t have what to trade, hence you would believe me that, the markets of the volatility of bitcoin greatly outweighs its demerits regardless.

Quote from: hero_the_bossman on August 21, 2025, 04:12:32 PM

Quote from: leonair on August 21, 2025, 04:09:38 PM

Why would you buy Bitcoin if you cannot generate profit from it where it is completely decentralized and no one has actually seen who its creator is yet.

You would buy and use BTC for its principles and ideals then, and security too: BTC is not only about the profit, though most see it only through these lenses.

BTC is an alternative to fiat after all, not just a coin to hodl, though it can be done and is a great way to invest, it doesn't push the adoption forward, which, in case, pushes the demand forward..

In as much as people have seized some great opportunities from the volatility of the coin, that doesn’t change its original purpose, which is serving as an alternative currency to the traditional fiat.

At first, the volatile nature helped drew the attentions of investors, making demand outweighing supply and making the price of bitcoin skyrocket but now, I think the skyrocketed price is no longer pushing for adoption as people now think, the coin is too expensive to own(except for those who have the knowledge of DCA)