I am struggling to understand how Bitcoin is going to be used.
I know its long standing coin, gold like qualities, not hackable etc. But when it comes to how it can be used, I could not find any answer. High transaction fee, limited coins cause deflation, too volatile etc. General public, corporations cannot use it. Gold is different, there is nothing like gold but we have better coins than this.
Will this be used for only speculation, betting? How would general public / institutions use it in future?
Bitcoin is having good features and they have a variety of uses where we can invest our Bitcoins to generate a good income. If you have sound knowledge on trading and if you are capable of managing your own funds and risk then you should tryBitcoin trading and there is a huge opportunity to make a good income trading Bitcoin alone. If you are not from a trading background then you can go for Mining where risk is less with a decent amount of returns over a particular period of time.