So what is the reason why Bitcoin can't be used as a currency?

Why bitcoin can't be used as currency;

1. Vulnerability of trading platform. The bitcoin network is robust, but the bitcoin trading platform is fragile. The trading platform is generally a website, which will be attacked by hackers or shut down by the competent authorities.

2. The transaction confirmation time is long. When the Bitcoin wallet was first installed, it would take a lot of time to download historical transaction data blocks. When trading bitcoin, in order to confirm the accuracy of the data, it takes a certain amount of time to interact with the P2P network, and the transaction is completed after the confirmation of the whole network.

The price fluctuates greatly. Due to the involvement of a large number of speculators, the price of bitcoin for cash has fluctuated like a roller coaster. Make Bitcoin more suitable for speculation rather than anonymous trading.

4. The public does not understand this principle, and traditional financial practitioners resist this principle. Active netizens understand the principle of P2P network and know that Bitcoin cannot be manipulated and controlled artificially. But the public doesn't understand that many people can't even tell the difference between Bitcoin and Q coins. "No issuer" is the advantage of Bitcoin, but in the eyes of traditional financial practitioners, the currency without issuer is worthless.

Tips: The above explanations are for reference only.

Reply time: 202 1- 10-26. Please refer to the latest business changes announced by Ping An Bank in official website.