Quote from: Wesleyeric on Today at 02:17:24 PM

Bitcoin , which is often described as cryptocurrency, a digital currency.is a type of money that is completely virtual.

Please stop using the world 'virtual' when you are referring to bitcoin. There is no real, fake or virtual bitcoin. Bitcoin is bitcoin, a unique cryptocurrency.

Virtual is used by governments and their media to create fear and uncertainty on locals. The ultimate goal is to prevent as many people as possible to accept bitcoin.

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We can Bitcoin to buy product and services,but not all shops accept Bitcoin also some countries banned it altogether.

The adoption is increasing and you should know that when time goes on, the trust on the survival of bitcoin will increase.
The bullish case for bitcoin

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Furthermore, the Lindy effect suggests that the longer Bitcoin remains in existence the greater society’s confidence that it will continue to exist long into the future. In other words, the societal trust of a new monetary good is asymptotic in nature, as is illustrated in the graph below:

Don't trust what the article writes, you can verify this fact with bitcoin price history.

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In Bitcoin, users can send and receive payments to or from anyone on the network without waiting for an approval from the authorities.

Bitcoin transactions need to be confirmed by the network that is operated by bitcoin miners and full nodes.

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Since Bitcoin transactions does not involve government,the cost of transaction will be low.

Bitcoin transaction fee is depended on its network (mempool) and the fee rates people set up for their transactions that are waiting for confirmations in the mempool. Governments have nothing to do with bitcoin transactions.

If there is anything, it is policies from governments to increase or decrease power cost and charge taxes on bitcoin mining activities. All of which in turn will affect bitcoin price in fiat value. At the end, transaction cost will rise or fall but such effects won't appear easily.