I am not much into
Bitcoin, but from what I've heard, it gained traction during the last few years. And there is a big hype around it: One Bitcoin is now worth 5.941 euro at the time of writing. That's 5 times more than since the beginning of this year. Crazy. So, is this a bubble? I don't know. And like with any other currency or value, nobody knows for sure. But what I know is this: I am now offering Bitcoin payments for all my software for more than two years.
And since then, not one single person ever payed using BitCoin. Not a single person. So what does that mean? My guess would be that people buying Bitcoins are doing it mostly for investing and transferring money. Hoping that its value raises, and then selling it again. Or getting money out of a country or hiding it. So I think the probability that Bitcoin is a bubble is high, and I'm not going to invest into that. But it would be nice if I would be wrong, of course, because the idea is nice.
1) It's value is too volatile. If I spend my bitcoin now I could lose out on a huge gain in value, so I'm put off. I end up paying for things in bitcoin and then immediately replacing the amount, so it would have been simpler to have just paid in normal cash.
2) I have no means of earning bitcoin. My only mechanism is to buy some for national currency in advance, and that takes time and money and ties up some money, and these days requires all kinds of intrusive ID checks.
3) Transaction fees on bitcoin have got quite high now
I hope that the value will remain relatively stable for a while so that I can start using it as currency and not as a high risk investment that I'm afraid to spend.