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On the short scale, Bitcon is extremely volatile. Long-term, it's been trending up heavily, but it's not even a decade old yet, so making long term predictions
by squeaky-clean 9y ago
On the short scale, Bitcon is extremely volatile. Long-term, it's been trending up heavily, but it's not even a decade old yet, so making long term predictions isn't a good idea. The main benefits to bitcoin as I see it are
It's decentralized nature
That it can be anonymous, and by default is more "anonymous" than other online payments. For example, you would only know my wallet address, while something like Paypal/Venmo would give you my full name and email and maybe even physical address. You could probably do some digging with that wallet address and find my real info, but it's certainly tougher than having it emailed to you.
That payments work like a "push" rather than "pull". A store/vendor gives you an address and you send them BTC, they then wait for the funds to land in their wallet. But with a credit card, I give the store my credentials and trust them to only take as much as promised and not charge me multiple times.
Also, it's definitely used more for investing/hoarding at the moment than it is as an actual currency, though more and more companies and payment processors are beginning to accept bitcoin as payment.