Review on Bitcoin by Regina M_va
The popular crypto is Bitcoin
Let's we talk about the most popular currency. All we know, that Bitcoin is a digital currency, a decentralized system which records transactions in a distributed ledger called a blockchain. So, I wanna tell you about advantages and disadvantages.
All people who had contact with this cryptocurrency have equal opportunities and equal rights and duties. It's very well taking into consideration, that we cannot compare this with other currencies and payment system in our world.
Payments between bitcoin wallets can be carried out in any volume and in any quantity, without any restrictions, but other most of the systems have limitations.
At the same time, if we consider this cryptocurrency from the other side, we can create opportunities to promote our business. We are able to use this system, for example, as an option to pay for goods and various services. Also I want to emphasize that this makes it possible to do business where there are no banks and other payment systems. Plus the main thing that we need is availability and access to the Internet.
But, we must not forget that we have no guarantees that we can return our money that we have invested. Because everything depends on the bitcoin rate, and under some global fundamental circumstances it may even drop to zero. No one can guarantee us that this will not happen. I include the fact that in recent days it has dropped twice.
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Pros
- equal conditions for everyone
- payments without restrictions
- transparently cost
- high level of protection and safety
Cons
- exchange rate fluctuations
- unpredictability
