The reason why Bitcoin is considered speculative or fraudulent.

The reason why Bitcoin is considered speculative or fraudulent.
Before I start writing, I'm telling just the truth.

I'm not saying "invest in Bitcoin" or "don't invest"!

If you find anything wrong with what I know, or if you have any questions, feel free to let me know.~

1. Bitcoin is not real.

• Bitcoin is not real. You can easily recognize and feel that you own gold or paper money, whether it's in a safe or in a wallet. But Bitcoin is not real. It only exists on the computer, and how many bitcoin I have is just taken as a number on the cell phone screen or on the computer screen. This seems to be the reason why Bitcoin cannot be touched easily.

• But when you think about the bank application on your phone, it's also just a number on the screen. But no one thinks this number doesn't really exist, so they go to the bank right away and find all the money and leave it in the house. It's similar to this. You can only see numbers on your phone screen, but Bitcoin and cash definitely exist. However, unlike money, Bitcoin is not in hand, so it is certainly true that it lacks the satisfaction, mental stability, and reality of ownership.

1. There is no infrastructure for Bitcoin.

• In other words, there is no place to use Bitcoin. It's currently impossible to go to the department store and give bitcoin and buy things. There is no one who buys and sells things with Bitcoin even in flea markets (realistically) by paying with cash or credit cards. However, it is clear that there are people who buy and sell things with Bitcoin, and that there are restaurants that receive payments with Bitcoin. It's just that the number is significantly small. The number of places dealing with Bitcoin is definitely increasing. However, the number is very small, and one day there may be no one trading with Bitcoin. Nobody knows what's going to happen in the future.

1. Liquidity of value

• The biggest reason for people who think Bitcoin is speculation is that the price is too shaky. In just a few months, two or three times as basic, and some coins go up and down dozens of times overnight. There were frequent situations in which the 1 million dollar I invested changed to 1,000 dollar the next day. That's why they think it's too risky and speculative. So where does this price crash and surge come from?

• Because people can't decide the value of Bitcoin yet. The value of an item is determined by the people who buy and sell it. But people all over the world have different opinions about this thing that's spread all over the world. Those who value it higher than the present value buy Bitcoin in advance, and those who value it lower than the present value sell it quickly. The current situation is because people are babbling over the value of Bitcoin, which may or may not be agreed over time.

1. Too many altcoins

• Bitcoin is just one of the coins of cryptocurrency. Currently, there are countless kinds of coins such as Ethereum, Ripple, Lightcoin, Tron, and Monica. You may have heard of some of these names. While I'm reading this, new coins are being made. In other words, there are countless coins that can replace Bitcoin and are being made. Coins that can be made by many people, so it's hard to appreciate their value.

It is clear that we can make coins that can replace Bitcoin. But I can't make Bitcoin. Therefore, Bitcoin may be thought to be of high value. Let me give you an example. It is easy to understand if you compare it with Korean won, U.S. dollar, European euro of Europe. Dollar can replace circle, but it's not circle. Dollar can replace Korean won, but it's not a hassle to spend dollars in Korea. It's similar to this. There are many coins that can replace Bitcoin, but they are not Bitcoin. This also depends on your judgment.

Please judge whether Bitcoin is a fraud or a real gold ball.

Lastly, I'm not saying to invest in Bitcoin or not to do it.