Why do people want Bitcoin?
Bitcoins act as new currencies in the digital age. It can cross borders without any banks or governments.
The recent boom in Bitcoin may be great news for those who put money here early. But it also made it possible for Bitcoin to become a distant currency.
I can now use my Bitcoin number to buy stuff at Overstock or book a hotel at Expedia. But if I use Bitcoin to buy $ 25 on the Overstock today, and next week Bitcoin prices will increase fourfold, I'll feel that stock is $ 100. If Bitcoin loses its price, at least I still have the stock to use.
Bitcoins are considered as a kind of asset, instead of currency, with great profit expectations later on.
Yeah I agree, bitcoin is a great medium to buy stocks. Sometimes, I can only see that bitcoin just became an asset and that's a little sad note here. Though, I hope bitcoin will be recognize and accepted more so we can buy more stuff out of it and use it more as a currecy. This could be an disadvantage to some but this is the original purpose of bitcoin.
As long as bitcoin miners apply high fee to send the amount of bitcoin, that would be impossible for us to use it as currency.
Its very sad if we use it to pay something but we need to pay high fee.
The other thing also bitcoin proccess is very slow and it can prevent people to use it.