Bitcoin is not a practical and useful payment mode because it is expensive and slow to process transactions compared to what it proclaims to be.
It costs about US$19 to process a transaction in 10 minutes because the blockchain frequency is set at 10 minutes. The best blockchain network system can only process 3.3 transactions per second whilst VISA can process 3,674 transactions per second.
https://www.wired.com/story/bitcoin-is-soaring-heres-why-its-not-ready-for-the-big-time/
Some merchants are starting to dump Bitcoin payment mode because of its processing fee and speed.
http://www.bbc.com/news/technology-42264622
Therefore, there won't be a widespread adoption of Bitcoin payment mode in the world because of its limitations. The current bitcoin prices have factored in the expectation of worldwide adoption which is not happening.
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https://www.bloomberg.com/news/articles/2017-12-15/turning-coal-into-bitcoin-dirty-secret-of-2017-s-hottest-market
The mining cost for Bitcoin will get more and more expensive in the future.
Bitcoin processing fee has gone up again. Some merchants are complaining a high processing fee of USD$40.
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