Bitcoin – Real Use Case?!
As there are always concerns about the value of Bitcoin and its current price I thought to make an analysis of its real Value measured by the CURRENT USE of Bitcoin. NOT any Technical analytics and not based on any possible upcoming Upgrades like the Lightning Network.
Bitcoin has quite a few use cases, including investing, funding and transferring money with minimal fees. Furthermore, it is bringing a piece of privacy back to our world as Transactions are not containing any information about the person who is sending or receiving Bitcoins.
Bitcoins can be withdrawn from a Bitcoin ATM Machine at different locations all around the world. Probably a good way for getting Newcomers into the Network as it is easier to buy your first Bitcoin “in Store” than online where you have to get at first verified by an exchange.
If you want to check out some ATM’s you can use the website coinatmradar – there you can find currently more than 2400 ATM’s on the list
Thoughts: Have you seen any other sign in the real world of “XYZ coin is accepted here”? - If yes, which Coins were mentioned?
Next, you can pay with Bitcoin in different offline and online locations, as there are still many supporters of the currency as payment method, even if companies like Steam shut down his Bitcoin support. The major supporters are probably Expedia, Shopify stores and Microsoft. If you want to check out more major stores you can go to lifewire
Thoughts: Which Coins, you have heard about, are accepted from local stores or companies online, besides Bitcoin?
Furthermore, there are a lot of people who are currently “investing” into Bitcoin and hoping for it to appreciate to make some capital gains on it
Others are seeing it as digital gold, which means basically to keep their money stable – this is probably a good use case for people from countries who are struggling with their national currency such as Venezuela and Zimbabwe as they are in a very unsecure situation with an even more volatile currency than Bitcoin.
Finally, I really want to point out Bitcoin’s main role as the “face” of Cryptocurrencies. It is basically the biggest crypto brand out there with one of the strongest Communities.
Which price would you set measured by these points? 🚀
CRYPTO 101 – HOW TO GET STARTED
🔒 How to secure your Cryptos COLD WALLET
🔥 How to pay fast with Cryptos HOT WALLET
🚀 Exchange for Beginners: Coinbase Review
🚀 Exchange with more than 200 Coins: Binance Review
🚀 Exchange with Margin trading: Kraken Review
📰 Keep yourself updated: Crypto News Pages
💻 Look for different Crypto Projects: Coin Research
I'm not quite sure about Crypto's investment value. It's a great medium of transaction. After witnessing so much of crash in the last 6 months, I think it's best used as a medium rather than an investment.
The investment value totally depends on the Real Use case and technological development (+ currently a lot of speculation). Even if a currency / Medium shouldn't be seen as an investment opportunity - I think there is no way around it as the supply of most Coins is limited, which automatically leads to an increase in valuation with a wider adaption.
Besides that I totally agree with you and would love to see Crypto's more as a medium instead an investment!
Coins mentioned in post: