Post
Topic
Board Bitcoin Discussion
Re: What are the official uses of bitcoin other then trading?
by
xZork
on 03/04/2021, 13:49:48 UTC
Bitcoin is increasingly moving away from its original purpose and playing a different role.
Until now Bitcoin is seen as the gold of the crypto market, people use bitcoin to make a profit instead of using it as a currency.
Bitcoin is playing a role as an investment until now besides making money from trading. Even though people can use bitcoin for payment, people prefer to save their bitcoin from selling at a high price. If people have a large amount of bitcoin, it will not be a problem to use bitcoin for the payment. Maybe we need to follow the bitcoin journey to know the real use of bitcoin because that will be related to each country's government.
Yes, Bitcoin is having a very good price increase so people often keep it instead of using it to transact.
Besides, the fees are too high and the speed is slow, making Bitcoin unsuitable for small transactions.