Yes, one of my purpose in using Bitcoin is to pay my monthly bills , buying prepaid load, buying online stuff without hassle, no need to drive to pay for those. Bitcoin is been a big help for me in terms of doing things easier. Good thing in our country there is a website that you can do those things using Bitcoin. For further details about that website you can visit coins.ph

In addition to above, practically it is not possible near future.
Demand/Supply is the most important parameter for cryptocurrency price. For Bitcoin price to become 0 there should be unlimited supply OR 0 (Zero) demand.
Supply can not go up. Supply may go down because of forgotten passwords, lost wallets since they are not recoverable. Since the supply is limited and demand will never go to $0 is not seems possible.


This is why paintings do not worth much when the artist is still alive (supply is not constant) but their value estimation goes up after the artist dies.
This is why the value of an antique piece goes down when the quantity of similar items increases in the market.
This is why giant companies produce some products in low quantity with high price.

You can argue bitcoin is not a painting, antique or a luxury product. But you cannot ignore basic rules of the economics.

For this reason theoretically probability of becoming $100000 is  higher than probability of  becoming 0.


Note : these are just my personal thoughts and does not contain any trading advice. I am neither economist nor investment strategist..

I think the OP is right. Let's not just sidetrack what he's said. For the "average" person bitcoin is complicated in comparison to a regular fiat account. Very much so in fact.

With bitcoin you need to transfer to an exchange that accepts fiat currency (most of them don't). You then need to buy bitcoin from within a sea of red/ green everchanging prices. Your dollar will get you a lot more or a lot less bitcoin today compared to yesterday or tomorrow, and nobody knows which way it will go. Once you have your bitcoin you then need to store it. You need to find a wallet. You need your wallet address, itself a string of more than thirty letters and characters that you have no way of remembering so you have to write it down. You also need your private keys. And if you lose these then your bitcoin is gone. Forever.

You also then need apps or cards that store bitcoin to be able to use it and even then you'll find most places won't accept bitcoin as payment. Even the very few that do will give you a different price of their goods because of the extreme fluctuations in bitcoin's value, so you have no stable price of goods which makes it impossible to budget with your money. Even if you do actually buy something with bitcoin you will have to pay hefty transaction fees that go to miners to confirm your transaction on a digitised ledger called the blockchain.

Most people don't even understand very simple notions like, for example, the difference between a fixed rate and a variable rate on a savings account. Some struggle to even use a basic calculator! What chance would they have with the above?

Therefore, all the people on here answering that bitcoin is no more complicated than regular currency are clearly deluded.

You came to a forum where you know people support the thing you are saying has no value. I have to ask you why?

The same way you see no value in Bitcoin you obviously do not value your own time as it was wasted posting this sort of topic on this forum.