Correct me if I am wrong,

We consider bitcoin as money because it can be used like what money could do like buying products, services and online payments. Its purpose is the same as with fiat currency and bitcoin has a value like a fiat had but it is more volatile than fiat currency.

Now, the only thing that bothers me a little bit is that if we are to base the real scenario of bitcoin is that it could have no value at all if we will not peg the bitcoin to fiat currency. The basis we have of this bitcoin is fiat currency. Why? These are some of my points about bitcoin.

* You can have bitcoin but if it is not being tradable to fiat currency then your bitcoin has no value at all.

* You need to buy bitcoin with fiat currency without fiat currency you can't have bitcoin

* when you buy bitcoin you have to pay services like in those banks and when you like to withdraw it you pay the same thing too and its called bitcoin transaction fee.

* bitcoin could not stand alone without being paired by fiat currency.

* You can earn bitcoin investing in it but can take losses too depending on you. And this is why i think that many had said that they like bitcoin because they are earning but some that aren't. I feel sometimes bad about it you had your earnings coming from other people knowing that you had bought bitcoin cheaper price compared to the new comers with higher price of bitcoin

These some of my points though there are many good sife of having bitcoin like the following,

* being anonymous in making a transaction or in a decentralized manner if bitcoin to bitcoin no third party services being used.

* p2p transactions and you do not need to worry the process of transaction for whenever there will be a new teansaction going to take place it will be broadcast to bitcoin network and will be confirm by a miner so no need for a third party service to take care of your transactions.

* bitcoin could be use to transfer money outside the country for a lesser expenses than bank or money transfer services.

* less hassle in bringing money to pocket but banks also offer digital money saving it or ready available through atm.

I agree that bitcoin is sort like a form of money but no way it could be the same as fiat currency because bitcoin is only having value because people wanting it too and trade their fiat to bitcoin which made bitcoin had the value. Again, if not because of bitcoin being bought by fiat then bitcoin has no value. This is just my opinion because for me it seems that cryptocurrency has been exaggerated, over rated and fiat currency is being overkilled.