Bitcoin is a Quasi-Payable Crypto-Investment Instrument

What is a Bitcoin?

No, I am not joking. I am asking you the question.

• What does Bitcoin, aka BTC, mean to you?

Is BTC a cryptocurrency?

• Yes, of course. BTC is the first cryptocurrency use case in the world.

Is BTC an investment instrument?

• Yes, of course. BTC is a highly valued crypto-investment instrument.

Is BTC a good payment instrument?

• No, BTC is not a good payment instrument.

Rather, BTC is the worst cryptocurrency as a payment instrument.

• BTC fees per transaction may be a few dollars to a few thousand dollars.

• Time to complete a BTC transaction may take a few days to a week time.

So what is BTC good for?

Bitcoin is a quasi-payable crypto-investment instrument.

I think it is like that because I can't use BTC for any micropayment or buying everyday items from the market. It is not economic at all.

• If you pay with BTC, you pay HIGH fees.

• If you hold BTC, you are happy, dreaming of a stellar gain.

What do you think BTC is good for?

Cheers!

Unity (Debesh Choudhury)

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#cryptocurrency #bitcoin #BTC #BCH #fintech

Sep 18, 2023