The practical application of the current BTC
List the range of applications, liquidity above, but the actual calculation of the current BTC application is very low. BTC transactions for formal transactions such as purchases, withdrawals, etc. are all minimal. At the present time, BTC deals are mainly for the following, sorted in the popular order:
Trade
Buy and hoard, waiting for wealth in the future.
Used as a payment method for illegal industries (drugs, smuggling, money laundering).
Used in the daily transactions listed above.
Bitcoin is currently popular in trade and investment
Bitcoin is currently popular in trade and investment
Analysis of the BTC's current features
Based on the theoretical features of the MOF, we provide feedback and information on the current performance of the MOF.
Is payment made by BTC fast?
The answer is not fast but not slow. With the number of transactions is not too large, but the transfer of BTC often overload, if the transaction period is over, the time can be up to several hours. To speed up, you can pay more, so this is against the fast and cheap transfer criteria, the current fast transfer is not cheap, and cheap is not fast. Compared to the large interbank transfer fees ($ 35- $ 45 per transaction), the current BTC transaction fee is not cheap. (Refer to https://www.bankofamerica.com/foreign-exchange/wire-transfer.go). In the face of high fees and fast payments, there are dozens of available, legal, and super-popular services available today in the world with Western Union, Money Gram, or online modes such as PayPal, Payoneer (Money in minutes ). The advantage over all other methods of BTC is: Easily, no one can intervene your transactions when you want to transfer money. Note: BTC confidential but no secret, no one can intervene your BTC number, but anyone can see how you send money received, how much balance, from which address, where to go etc
Is the BTC controlled by anyone?
National Bank controls that national currency, miners control BTC. So, BTC is dependent on the third object. It is easy to see, the BTC excavation from the mines, the Chinese excavation by the excavation of the individual increasingly small, weak. The ANTPool, BTCC, BTC.Top, SlushPool, ViaBTC and so on accounted for almost all the shares of BTC digging showed that they are like a shareholder in a joint stock company. BTC fates are decided by them. With the Segwit2x (Variation to BTC upgrade), voting through the hardware ratio clearly shows the answer to: Who has the right to set the result?
In addition, BTC is affected by politics and trading floors. A decision by China, Japan or the United States could put the BTC price on the cloud or go to hell for a day. A trading platform suddenly bursting money, hacked or closed will bring the same results.
Conclusion
To determine value, again need to understand the features, liquidity, but both these are still ongoing and there is a strong change and upgrade in the future, so the determination of the real value of the BTC The present is impossible.
Another problem that affects the BTC value: BTC is only the first, not the only one. The position of the BTC today is due to the beginning, so the future can change completely when the leader is no longer the number one, which is easy to see in the fields: Telephone, Television, Cars, Bank , Real estate etc
## Many people are now believing and investing in Bitcoin. How about you, your opinion about Bitcoin?