Notes

Do you think Bitcoin is a good investment?
bitcoin investment

It's no secret that bitcoin started a revolution.
In the past, there was talk about digital money. Bitcoin has validated the proof of concept.
Money was only one part of it. In the context of a multi trillion dollar market, Bitcoin brought innovation and creativity.
During this report, we'll look at whether Bitcoin is still a good investment.
Final score for Cryptonomix: 97 / 100
Analyze the data:
Products 31 / 33 are functional
34/34 Strong community
Leadership that's excellent 33 / 33
Work product
A bitcoin has only one purpose. As if it were money. It fulfills the 3 purposes of money well.
A place to store values

Exchanging medium
Accounting unit
A strong store of value. Bitcoin has a limited number of units. A total of 21 million will never be exceeded.
By losing their passwords and sending to non-existent addresses, people reduce the supply of coins circulating.
Decrypt estimates that just under four million Bitcoins are going away forever.
It is a powerful way to exchange information. Bitcoin wallets can be easily created and used.
Comparatively speaking, traditional banks are less expensive.
Earlier this year, El Salvador announced Bitcoin will be accepted as legal tender by early 2021 In less than six months, 21 million citizens were actively using Bitcoin wallets. Comparatively, 18 million have a bank account.
In addition to being a unit of account, Bitcoin has also proven to be successful. Simple measurement of the worth of a product or service.
There are eight decimal places in Bitcoin. Additionally, if it was ever necessary for there to be more, the core developers could easily implement it.
However, Bitcoin is a volatile unit of account at the moment. The likelihood is that it will occur soon.
Compared to USD or EUR, Bitcoin's value is volatile.
Pizza purchases made by early Bitcoin users are the best examples. The transaction cost him 10000 BTC. The same amount of Bitcoin would be worth millions today.
This problem can only be solved by widespread adoption. Using Bitcoin natively would stabilize the price.
To use the price as a unit of account, it is too volatile as it stands. Thus, money.
Over time, merchants will measure in dollars (or their preferred fiat) first and Bitcoin second.
Insights into Scalability and Decentralization
Scalability is also an issue with Bitcoin. Therefore, the number of possible transactions is limited.
Each month, Bitcoin can only process approximately ten million transactions.
Numerous solutions have been suggested. Their centralization, however, is common. Departing from Bitcoin's philosophy of decentralization.
Scalability and decentralization are incompatible with the technology.
The two possible outcomes are as follows.
The infrastructure behind Bitcoin enables scalable decentralization.
A competitor comes up with a technological improvement that renders Bitcoin worthless.
First scenario seems increasingly likely as Bitcoin's ecosystem grows. Lightning Network is an example of such a project.
There is a possibility of the second scenario. Bitcoin has been around for over a decade. We can learn a lot from the fact that no competitor has yet dethroned Bitcoin.
There is a possibility of someone creating a better Bitcoin and breaking into the billions of dollars market. It doesn't matter how strong the financial incentives are, no one has succeeded.
Therefore, it is not possible technologically. It is funny how innovation can surprise everyone. This possibility should not be ruled out.
Either way, Bitcoin could replace our current monetary system in the long run. Bankers themselves tend to agree.
Bitcoin is a functional product. However, it can be scaled in time.
Work product score: 31/33
Involved Community
Cryptocurrency industry has the 1st movers advantage thanks to Bitcoin. Therefore, it has the largest market capitalization, most adoption, and most public recognition.
Any cryptocurrency with the largest community is Bitcoin. The community is so vast that it has different subcommunities. Different cultures, languages, and countries are represented.
Bitcoin's philosophy is embodied in this. The federal government is not ruled by a single authority. In Mongolia's rural plains and among Latin American elected officials. Thousands of people believe in Bitcoin.
Cryptocurrency adoption will grow Bitcoin's community too.
Despite the challenges, the Bitcoin community continues to grow, and it will do so for a long time to come
Score for the active community: 33 / 33
Leaders who lead well
In essence, bitcoins are designed as a decentralized economic system. In the end, it would undermine everything to entrust everything to one person.
It would be Satoshi Nakamoto if there were a leader. As it stands, no one knows who they are. The Bitcoin wallet they have been using has been inactive since last year. It's unlikely they'll be a public figure.
Satoshi Nakamoto executed all his plans perfectly.
To achieve Bitcoin's best scenario, there should be no public figurehead. Leadership takes place within the community.
Bitcoin doesn't need anyone to represent it at the end of the day. This speaks for itself: Bitcoin.
In the absence of leadership, almost every project would fail. Bitcoin is great precisely because of this.
It is not the best option to follow a leader in Bitcoin.
Leadership score: 33 / 33

Lastly, I would like to say
Market leader Bitcoin is a digital currency. By any measure, it thrives. There is no stopping it.
A portfolio comprised of these factors would make the investment a worthwhile one.
A final score of 97/100 was achieved by Cryptonomix

Homepage: https://btcminerfarm.com/