I think bitcoin is a trustworthy currency as it is decentralized, secure, and transparent. Furthermore, bitcoin has an intrinsic value, based on scarcity and demand. And do you trust bitcoin or do you prefer other forms of money?
Is Bitcoin a Reliable Currency or a Speculative Bubble?
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To be honest bitcoin is not a trusted currency, i am saying that because of its price fluctuations, we don't know how long bitcoin last but we all know that at any time it can get zero, so its not something to trust on, but its a good investment plan with a high risk.
Bitcoin has shown value overtime. It is a currency that can be relied on. Every currency has a period it devalues. Same with Bitcoin. But what makes it a reliable currency is that it can always get back up.
The bitcoin is yet to be that reliable currency on the world. This is because the crypto coin is not fully accepted on the world as there are some nations that banned the usage for it.
Bitcoin have proven over time that it is reliable. Bitcoin have already achieved high level of acceptance. Therefore, i can say authoritatively that bitcoin is no more a speculation . Once a currency achieve high level of acceptance, it is bound to survive.
The regions that have accepted Bitcoin wholeheartedly have not been seen regretting for any reason. Their economies has been enhanced. Bitcoin is actually very reliable.
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For a currency that's not fiat-based its' as reliable as any.
Bitcoin can never be zero. It is high risk and I agree with that. But it is more reliable than most other investments if you really have the patience to wait for yields. It could take up to three years for it to yield for you.
