13/04/2025
FACT: Why is Bitcoin $BTC not recommended to be used as a daily Payment!
Due to a few practical limitations, Bitcoin isn’t widely recommended for daily payments.
First, its transaction speed can be slow, while the Bitcoin network processes a block roughly every 10 minutes, actual confirmation times can vary, especially during high network congestion, making it less ideal for quick purchases like coffee or groceries. Compare that to credit cards or mobile payment apps, which settle almost instantly.
2. Transaction fees can be unpredictable.
When the network is busy, fees spike as users compete to get their transactions processed faster. For small, everyday purchases, these fees can sometimes exceed the cost of the item itself, which isn’t practical.
3. Bitcoin’s price volatility is a hurdle. Its value can swing wildly within hours, lets say, you buy a $5 sandwich with Bitcoin, but by the time you finish eating, that same amount might be worth $4 or $6.
Merchants and consumers both face uncertainty, unlike with stable fiat currencies.
Finally, adoption is still limited.
Most businesses don’t accept Bitcoin directly, and while payment processors like BitPay exist, they often convert Bitcoin to fiat immediately, adding friction to the process. It’s more of an investment or store-of-value asset for many rather than a seamless daily currency.
Feel Free to share my friends 😜
(Why worry about the Pi price on exchanges when we have DApps coming soon and a growing ecosystem?
Most people didn’t know what the main purpose of the Pi coin was when it was created.)
Keep Mining Pi
