Bitcoin is a digital online currency, like a dollar or one pound but with a few exceptions. Introduced by Satoshi Nakamoto in 2009, Bitcoin is involved in a peer-to-peer payment system where no intermediary and goods can be transferred safely between two planets. It is associated with heavy computer networks and currency units for the Bitcoin system (called Bitcoin properly) can be obtained by joining a broad network. Bitcoin provides a fast and safe alternative transaction but a few are willing to jump for it. So the question of one million dollars is still a liners, is a safe investment?
Bitcoin was only a few years old, an interesting creation that had established a lot and for notes, had reached the name in the top financial charts. His popularity has been recommended and has led several top businesses such as Virgin Galactic to think of it as an acceptable source of payment. Bitcoin prices increase with speeds of up to 10% and continue to dominate as alpha markets and this makes many interested in investing in it.
Another special feature of Bitcoin is that it does not have a central bank and also does not carry out the central government control it. This is a global currency and creation and its existence lies behind complex mathematical algorithms and geeky which allows it to overshadow accidents related to the government. The case of political instability and the absurdity of the government that promises the economy to embarrass and lead years of investment in currency to sewers does not occur in the Crypto-currency system. This creates safe and friendly investment opportunities with low inflation risk.
The negative side
With the upper side which is always extraordinary, Crypto-currency also has downs. As mentioned, this object still takes a baby step; And with it comes great uncertainty. Bitcoin volatile prices; At present it has increased sharply and can fluctuate at 30% to 40% in a month. The world is still surprised at its appearance and there are very few Bitcoin and Bitcoin holders. This leads to unanswered questions and cold fears among people because it invests in ‘gold mine’ new unpredictable can produce a devastating effect. His novelty gave rise to the lack of regulations and frightened potential investors.
Enigma that surrounds the Bitcoin system is the main factor that must be considered. Anything can happen and everyone who participates in the Bitcoin market is a high warning. China in December 2013 eliminated the use of Bitcoin and this caused a drastic decline to its value from $ 1240 to $ 576 in just three weeks. Programmers also determine the functionality of this global currency and many questions are considered to risk their finances for several Geeks groups. This prevents a lot from browsing into the system and increases the risk of Bitcoin investment first.