Topic: Which Bitcoin Is Not? (Read 660 times)

I just don't agree with these two. We all know that both gold and USD play their own roles and values which we couldn't compare to Btc because they have their own characteristics and uniqueness as a currency.
Btc could possibly be the world currency but it still has to take a lot of challenges and it will also take time. Bitcoin has still a lot to prove.

1. Bitcoin is money

15. Bitcoin is predicted to be worth $100,000 per coin within the next 3 years and $250,000 within the next 5 years.

As Bitcoin is once again at the $8,000+ level, there is a raging excitement and a big buzz in the marketplace on the King of Crypto. People are asking if this can be the start of the big bull run -- the big one to push Bitcoin beyond the $20,000 zone almost achieved in 2017.

With all the hypes and speculations surrounding Bitcoin, here are some bitcoin FACTS and why bitcoin enthusiast like myself love it, trust it, and just could not wait of what can be...

1. Bitcoin is money
2. Bitcoin is an asset
3. Bitcoin is a commodity
4. Bitcoin is a utility
5. Bitcoin is more valuable than gold and USD.
6. Bitcoin is the cheapest way to transfer money
7. Bitcoin is on it's way to being the world currency
8. Bitcoin provides solutions for people worldwide without bank accounts, who can't get bank accounts, or don't have access to banks in their region.
9. Bitcoin can be traded.
10. Bitcoin has IRA's, Futures, Mutual Funds, Credit, Loans
11. Bitcoin has a limited supply of only 21 million giving it serious value whereas 17,674,400 has already been mined.
12. Bitcoin has to be mined, the source of all bitcoin, and will go on for the next 120 years to 2140.
13. Bitcoin is the FIRST and leader of all the 2116 cryptocurrencies on the market as of 4/30/19 dominating at 54.6% of the market cap of $172.6 billion!
14. Bitcoin is accepted worldwide at hundreds of thousands of retailers to pay for goods and services from coffee and pizza to paying taxes, luxury vacations, cars, homes, boats, and more!
15. Bitcoin is predicted to be worth $100,000 per coin within the next 3 years and $250,000 within the next 5 years.

Now, among this list, which do you think is not true or will not come true?

It is not the cheapest way to transfer because bitcoin transaction fee is expensive than other coins which make it faster to process. Everything can be characterized bitcoin and we benefitted into it. Almost everyone knows about it but few are curious that want to involve with it.

There are some right about bitcoin. I don't agree that bitcoin is more important than fiat money... Then bitcoin is only best for long-term investment and facilitates transactions.

I will not agree with this quoted statement because some exchanges/wallets charge higher fees (bitcoin transfer) than other cryptos (ETH, XRP, etc.)

for me i always believe Bitcoin is on it's way to being the world currency
as of now we cannot say world even you can use it all over the world only few individual know it
but if you look in it in the bright side its not really impossible

Especially this season that fees are high. It is not cheaper to transfer small amount of bitcoin now to transferring that same amount in fiat. Example is the transfer of very small amount of dollar like $5 to same amount in bitcoin.

14. Bitcoin is accepted worldwide at hundreds of thousands of retailers to pay for goods and services from coffee and pizza to paying taxes, luxury vacations, cars, homes, boats, and more!

15. Bitcoin is predicted to be worth $100,000 per coin within the next 3 years and $250,000 within the next 5 years.

As Bitcoin is once again at the $8,000+ level, there is a raging excitement and a big buzz in the marketplace on the King of Crypto. People are asking if this can be the start of the big bull run -- the big one to push Bitcoin beyond the $20,000 zone almost achieved in 2017.

With all the hypes and speculations surrounding Bitcoin, here are some bitcoin FACTS and why bitcoin enthusiast like myself love it, trust it, and just could not wait of what can be...

1. Bitcoin is money
2. Bitcoin is an asset
3. Bitcoin is a commodity
4. Bitcoin is a utility
5. Bitcoin is more valuable than gold and USD.
6. Bitcoin is the cheapest way to transfer money
7. Bitcoin is on it's way to being the world currency
8. Bitcoin provides solutions for people worldwide without bank accounts, who can't get bank accounts, or don't have access to banks in their region.
9. Bitcoin can be traded.
10. Bitcoin has IRA's, Futures, Mutual Funds, Credit, Loans
11. Bitcoin has a limited supply of only 21 million giving it serious value whereas 17,674,400 has already been mined.
12. Bitcoin has to be mined, the source of all bitcoin, and will go on for the next 120 years to 2140.
13. Bitcoin is the FIRST and leader of all the 2116 cryptocurrencies on the market as of 4/30/19 dominating at 54.6% of the market cap of $172.6 billion!
14. Bitcoin is accepted worldwide at hundreds of thousands of retailers to pay for goods and services from coffee and pizza to paying taxes, luxury vacations, cars, homes, boats, and more!
15. Bitcoin is predicted to be worth $100,000 per coin within the next 3 years and $250,000 within the next 5 years.

Now, among this list, which do you think is not true or will not come true?

5. Bitcoin is more valuable than gold and USD

I will not agree with this quoted statement because some exchanges/wallets charge higher fees (bitcoin transfer) than other cryptos (ETH, XRP, etc.)

There are some right about bitcoin. I don't agree that bitcoin is more important than fiat money. Before bitcoin was really received by the government in this world. Then bitcoin is only best for long-term investment and facilitates transactions.

But not all of us are using that way of transfer, right?

Not all of the users and investors do that transaction, sending it to other country's bitcoin address. Though it is true that it is cheaper than that, people are wanting to also have a cheaper fee of sending BTC to other people that is not that far. For example, buying something using BTC, some platforms accept it and the fee is the problem. There might be some exchange that has a solution but for me, it is still not that cheap.