Bitcoin will not work as:
-currency, too volatile
-mean of transaction, too slow and heavy
-value holder, for sure not
Due those factors Bitcoin will remain its status as marginal phenomenom. An experiment.
Mass adobtion WILL not happen. This will melt its value. Ask average Joe? He will ultimately
Mare the price howering between ask and bid....
1. The bigger Bitcoin gets, the more stable it gets and the easier it works as a currency. So #1 is wrong.
2. Bitcoin is too slow to use at a checkout counter in a store. But it's fantastic for internet orders. Which way is the world going? Also, Bitcoin pays off in only 1 hour as opposed to credit cards which can be recalled 120 days later. So #2 is wrong.
3. It's holding value for me just fine. Dollars will continue to inflate. Bitcoin will continue to deflate. So #3 is wrong.