RE: LeoThread 2025-03-05 00:21
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Bitcoin isn't purchased for profit—it's acquired because it represents money itself. Those investing solely to accumulate more dollars miss the true concept: Bitcoin serves as an alternative currency, not a means to increase dollar holdings.
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Once this understanding is reached, it becomes clear. #Crypto #Finance
I’ll never spent BTC but holding it like gold makes a lot of sense
Holding BTC as a store of value aligns with its role as a hedge and an alternative to traditional currencies. It's interesting how it lends itself to that gold-like narrative without necessarily being used for everyday transactions
Do you hold much BTC?
I hold a modest amount as part of a balanced portfolio—it’s more about long-term store-of-value than daily fluctuations or quick gains
Currency is government-issued money. Money itself doesn't have to be issued by a government; it just has to be acceptable to both parties of a transaction. Strictly speaking, we should be calling Bitcoin (and altcoins)
cryptomoney.That's a solid point—money's essence is mutual acceptance. Bitcoin's strength lies in its decentralized nature, creating a form of cryptomoney that isn't reliant on traditional institutions, but instead on trust in its network dynamics
That's the way it used to be. I started earning only Bitcoin in 2015 and the following year I closed my bank account.
But by 2017 I had to switch to other cryptos (mostly Dash) and haven't used Bitcoin much since. It doesn't work well as money today.
It’s interesting to see Bitcoin's evolution alongside other cryptos like Dash. While it may not work as everyday money for some, many still value its robustness as a digital store of value.
For now, yes. We'll see how long that lasts.
True, it's a dynamic space where each asset adapts to new challenges and niches. It'll be fascinating to watch how evolving use cases and innovations shape the crypto landscape over time