Quote from: PancherBitCoin on March 18, 2018, 12:27:31 PM

Quote from: Rlyn on March 18, 2018, 11:30:28 AM

My plan is to hold it for awhile then on April if the value of my token rise then I'll trade it and cash out and use it for my dad's eye operation. Then the rest, i will save it for my study.

I would like your words to come true, because there is very little time left until April, and the market is in complete decline. But as practice will be, the crypto currency has always been unpredictable and can only be expected next week.

Fast - Well... not really, compared to other crypto's or even traditional modes of transaction it isn't that fast. My bank transfers take about 2 hours to process, btc... not so.

Unstoppable - Just the threat of government bans, not the actual act just the threat thereof, caused this thing to go from 20k to 7K. Doesn't seem particularly unstoppable to me.

Decentralized - 1000 whales own 40% of the currency. The majority of mining is done by the same dozen or so, Chinese mega farms, I'd hardly call that decentralized.

Accessible - Someone has yet to complete one of those, "survive off bitcoin for a week" challenges. Then there is the fact that it is nearly impossible for someone new to get into mining it. It is also a miserable store of value, losing and gaining 70% at will. It's hard to use for payments, it's a lousy store of value, mining it is a pain unless you got many thousands of dollars. How is that accessible?

Massive - No idea how this is an advantage.

Exciting - This is an opinion. To the people who into this late December it would be far from exciting.

New - It's 10 years old, hardly what I'd call new.

Transnational - Ok this is an advantage, it's international, nice. But then again so are all the other forms of currency. The dollar is far more international than BTC will ever be in any regard.

Autonomous - Sure it is, but as soon as a single government threatens with action, it roles over and loses 70% of its value. It is dependent on Chinese miners and about 1000 people who own the vast vast majority of coins. It has about a 100 dependencies, if a single one of them gives out, it spells doom.

Low cost - What is low cost about it? A bitcoin currently costs 3 months wage for the average person in the west, 3 months ago, it was 10 months of wage. Mining it costs you a leg and an arm. Transactions are as expensive if not more expensive than traditional modes of payment processing.

Safe - Very safe, exchanges only get hacked like 3 times every month. There is no fraud protection, so if you invest in something, you're fucked and then you have to run to uncle Sam to beg to get your duros back e.g Bitconnect. But I have to admit, the underlying technology is pretty safe, but is so user-unfriendly people have to resort to other less safe applications.