For starters, you’re only making a bitcoin buy or sell order with the pure intention of seeking price movement. Thus, you don’t have any intention of using it as a currency. You’re only looking at the asset through the lens of its market movement. An exact parallel is in the foreign exchange market. In the foreign exchange market, US Dollars, Japanese Yen and other global currencies can be bought and sold at fluctuating prices. Although the underlying asset can be used as a form of payment in the economy, in the foreign exchange market, all that is cared about is the price movement of the currency. Bitcoin and cryptocurrencies are the same.
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Bitcoin has come a long way since it was first introduced in 1998, and it has become a global currency without boundaries. The value of Bitcoin is universal, and it is accepted as a means of payment in many countries on earth. The popularity of Bitcoin has given rise to alternative coins (or altcoins) like Ethereum, Bitcoin Cash, Ripple, among others. Don't Make The Same MISTAKES As Me! Crypto Trading Tips For BEGINNERS!