Notes

Can Bitcoin be a good investment?
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Bitcoin was the catalyst for the revolution.
The idea of digital currency has always been around. The bitcoin proof of concept was verified by the cryptocurrency.
Money wasn't the only factor. With Bitcoin, the multitrillion dollar market has seen innovators and creatives come together.
With this report, we are going to analyze if Bitcoin is still a good investment.
Score for Crystalmix: 97 / 100
Report the results:

33/31 functional product
The community is strong 33 / 33
Leadership at its best 33 / 33
Work in Progress
Bitcoin is designed for a single purpose. Having to do with money. A money system fulfills all three functions of a monetary system well.
Organizer of values
The means of exchange
Accounting unit
It is a solid store of value. Bitcoin's number has a limit. The number will never exceed 21 million.
As people lose their passwords, and send to nonexistent addresses, the supply drops.
In all, Decrypt estimates that almost 4 million Bitcoins were lost forever.
In terms of exchange, Bitcoin is among the most powerful tools. Bitcoin wallet creation and usage is extraordinarily simple.
Compare this to traditional banks in particular.
The Salvadorian government announced recently Bitcoin will be considered legal tender in early 2021. In less than six months, more than 21 million El Salvadorans have used Bitcoin wallets. Compared to those 18 million who have bank accounts, this is a stark contrast.
Additionally, Bitcoin is successful as a unit of account. Having the ability to evaluate the value of a product or service.
Eight decimals are allowed when dividing Bitcoin. If it ever needed to be more, the core developers could easily do so.
The Bitcoin unit of account is currently unstable. I expect that will happen soon.
As a currency, bitcoins are volatile compared with dollars or euros.
A Bitcoin user who buys pizza is a good example. On it, he spent 10,000 Bitcoins. Millions of dollars would be equivalent to that same amount of Bitcoin today.
It is only possible to solve this problem if widespread adoption occurs. A stable Bitcoin price can be achieved if everyone uses it natively.
Currently, the price is too volatile to serve as a unit of account. Consequently, money.
As merchant adoption increases, US dollars (or another preferred fiat currency) will be used to measure first, followed by Bitcoin.
The Decentralization & Scalability of
Also, Bitcoin is not scalable. This limits the amount of transactions that can be executed.
A bitcoin transaction cap of ten million per month applies to bitcoin.
Solutions to the problem have been proposed in many ways. However, they often are accompanied by centralization. This departs from the philosophy of decentralization of Bitcoin.
Scaling the technology at the same time as staying decentralized is impossible.
Two possible scenarios can be considered from here.
The infrastructure behind Bitcoin enables scalable decentralization.
Bitcoin is rendered ineffective by a competitor's technological innovation.
As Bitcoin grows, the first scenario appears more likely. Lightning Network comes to mind.
However, the 2nd scenario is not impossible. It has been over a decade since Bitcoin appeared on the scene. It reveals something important about Bitcoin that a competitor hasn't dethroned it yet.
Someone could earn billions of dollars from creating a better Bitcoin. It doesn't matter how strong the financial incentives are, no one has succeeded.
In other words, it is not technologically feasible. Innovations, however, often surprise everyone. We should not disregard this possibility.
Either way, Bitcoin could replace our current monetary system in the long run. Most of the banking profession agrees.
Basically, Bitcoin is a usable product. Though not scalable, it may become so in time.
Work product score: 31/33
Community of active participants
It has the advantage of being the first cryptocurrency to launch. Therefore, it has the largest market capitalization, most adoption, and most public recognition.
The Bitcoin community is the largest of any cryptocurrency. The city is so big that there are sub-communities. They span different cultures, nations and languages.
Bitcoin's philosophy is embodied in this. Central authorities do not exist. From the Mongolian plains to Latin American leaders. There are millions of people who believe in Bitcoin.
As digital currencies continue to gain prominence, so will Bitcoin's community.
Despite recent challenges, the Bitcoin community is thriving and will continue to grow for some time to come
The score of this community is 33 / 33
Leadership is good
Decentralizing Bitcoins is the goal of the currency. The idea of one person leading the project would be disastrous.
A leader would be Satoshi Nakamoto, if there were one. However, as of now, their identity remains a mystery. A Bitcoin wallet that hasn't been used for years has been abandoned. They'll probably never become a household name.
He executed everything perfectly.
Having no public figurehead is Bitcoin's best scenario. As a community, we lead ourselves.
The bottom line is that Bitcoin doesn't need anyone to speak for it. There are no words to describe bitcoin.
In the absence of leadership, almost every project would fail. But that's exactly what makes Bitcoin so great.
No leader is the best choice for Bitcoin.
An excellent score of 33 points for leadership

A few words of wisdom
It is Bitcoin that is leading the market. Whatever metric you use, it thrives. Moreover, it is irreversible.
As a result, it is a valuable investment.
97 out of 100 for Cryptonomix

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