The reality of bitcoin / crypto

For years now many of us have asked (or are still asking) “is this legit? a scam?” “when is it gonna boom?“ “is there a future in bitcoin?” and so on, to which the subreddit answer often comes from one of three factions: a hard “yes” from holders who dive into the nuances of statistics (mining performance, decentralized governance etc in full support etc), short term traders emphasizing the potential of timing the pump and dump casino, and the traditional traders who don’t trust it at all. The simpler truth is, “BTC” was never meant to be traded like a stock—it‘s just a digital currency. You can look at the initial boom as the transition from mostly paper registers to signs that say “cashless payments only.” Of course people who bet on it early were going to get a nice chunk of change as more and more people started using apple pay. Bitcoin is basically a decentralized Visa prepaid card. I’m not saying it’s valuable or not valuable, I don’t know what it’s gonna do, but if you view the bitcoin market as if a whole lot of people suddenly invested in the peso, yeah it’s gonna look volatile and different from another stock as well as less stable than a currency. Anyways… just some food for thought. Maybe for some of you a xanax. I’d love to hear your opinions for or against cryptocurrency :)