Why Bitcoin is nonsense

Coronavirus quarantine Blog Post #1


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Have you heard of Bitcoin?  If you haven't, here's a brief description of it:


Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

Bitcoin is nearly pointless, and nonsense.  Bitcoin isn't really used for much, besides purchasing products and/or services without any traceback.  When you exchange Bitcoin to USD, it isn't always guaranteed to work, meaning there is a risk of losing everything you worked for.  If you are thinking of moving your billing system or some kind of financial system to Bitcoin, think twice.  You should never invest in Bitcoin, Bitcoin is simply never going to grow across the world and be used as a global currency.  Currency's should be easy, and simple, and Bitcoin isn't.  Bitcoin's prices have increased over time, 1 bitcoin is now worth $6,784.06.  It could be $100,000 in a few years from now, you don't want to be involved in a currency which is constantly raising their price for one of their "coins", making your Bitcoin money worth less and less each time.