Bitcoin operates without a central authority, providing decentralization, and offers secure and private transactions which is a good thing using a Bitcoin to pay. It also generally involves lower fees, especially for international transfers, and is accessible to anyone with an internet connection. Also, some view Bitcoin as a potential investment opportunity due to its growth potential. But there are some of disadvantages of it, like its value is highly volatile, making it challenging to determine the true cost of goods or services. Its rare to have merchants accept Bitcoins, and transaction are generally irreversible.
The volatile nature of bitcoin is considered a drawback when wanting to use bitcoin as a currency, payment method. But when you use it for investment purposes, volatility is a plus, the more volatile bitcoin is, the more opportunities we have to make a profit. But you are right, it is true, the original purpose of creating bitcoin is a p2p payment method, but it is being used as a speculative asset. So we can see very few merchants or shops using it for payment. But its use for international payments still outperforms banks despite its volatility.
currently in my country it is still difficult to find store payments using bitcoin, this is happening because not many people know and use it, moreover there is still no legality in my country. bitcoin fluctuations will be lower as more and more people know about it, moreover the whole world has legalized it. However, for now, with high fluctuations, it can be used to make a profit, by trading or investing. I think investing will be more suitable for those who have other jobs, until eventually as many people use it, the price will go up by itself, and we can reap the rewards. you can imagine if we know bitcoin from 2016, and hold it until now, how many times the profit has been made. especially if you take it off when there is a pump like 2021 yesterday
