It is not a store of value. It is not money. What you transact for itthat is the money.
I disagree. Crypto-currencies in general and Bitcoin in particular are the purest form of money that has ever been available to men: They implement the requirements of money the best.
That thinking may be popular, but it is an abstraction.
The thing that actually makes Bitcoin work is triple-entry bookeeping. It is a receipt which proves that specific transactions have occured in the blockchain.
Forgetting this, will lead you to make fatal mistakes concerning your risk management.
What you say is completely true. How does it argue against my statement though?