Bitcoin is a Quasi-Payable Crypto-Investment Instrument

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1 week ago

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?


Unity (Debesh Choudhury)

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Sep 18, 2023

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1 week ago


BTC is not an ideal payment instrument for everyday transactions due to its high fees and slower transaction times compared to some other cryptocurrencies like Bitcoin Cash (BCH) or Litecoin (LTC). Its primary use cases have evolved more toward being a store of value and a digital asset for investment and speculation.

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