The fact behind bitcoin currencies

in #bitcoin6 years ago

Currently the virtual currency is becoming a hot issue among the public. Because at a profitable value, many people are interested in having this virtual money. Yup, surely you are familiar with bitcoin, right? First developed by a Japanese citizen named Satoshi Nakamoto. Although not physical, but bitcoin is the same as most currencies.

Bitcoin game itself is similar to online trading like e-gold or forex. If you buy and sell bitcoin back, it is said that the price offered is very high. Before the famous bitcoin alone the selling price is great, especially now that the bitcoin is being loved by the world community.

For you who are beginners and have an interest in bitcoin, it's good to know the flaws and advantages of this currency so you have a picture of whether bitcoin is suitable to have or not.

Let's look at the advantages of having bitcoin!

  1. Bitcoin is not regulated by the state
    Yup, bitcoin is not owned by any country in the world. This is an added value for bitcoin owners, since no state intervention and a country's situation have no effect on bitcoin prices.

  2. High bitcoin values
    When bitcoin is still not as famous now the price is already quite high. At that time 1 BTC had a selling price of 13USD. Well, after the currency is booming, the price of 1 BTC can reach USD18000+.

  3. World currencies
    If you have bitcoin, indirectly you also have a world currency. This is because bitcoin is not only owned by the people of Indonesia, but the world community.

  4. anti-inflation, currency
    Because this currency is free of any political and economic conditions of any country, so there can be no inflation.

  5. Can be used as a savings
    Well, you can also make bitcoin as a savings, yet again there is no cost cut or other administration for your bitcoin money storage.

So what's the weakest?

  1. Tools for money laundry
    Since it is not regulated by the government, bitcoin can be used as criminals as a money launderer, in addition, so they also do not have to pay taxes.

  2. Unstable

Well, if this is almost the same as forex. The bitcoin price is speculative, so it all depends on the level of demand in the market. Plus, this currency cannot be used as a means of payment transactions, because no one has mentioned that bitcoin is legitimate and can be said as currency.

If you really want to look for profit opportunities through bitcoin, make sure you know all the techniques and tips on trading bitcoin