Review on Bitcoin by Gabriel Medina
You have to be a good negotiator
You have to be cautious with this cryptocurrency since as one day you can have everything the other day you can lose it, that's why you have to be very brave to take risks and be a true negotiator in this world of Bitcoin ๐๏ปฟ
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Many people have suffered losses when it comes to investing because there are so many scammers in the crypto asset movement. Therefore it is always better to be cautious at tea time.
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Many who do not know about this cryptocurrency tend to criticize without knowing, therefore the idea is to keep going because Bitcoin promised a lot and nobody realized that it would achieve what it currently achieved at its value rate. This is very important, because if I had been aware of this long before, I would be a millionaire.
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Updated 5 years ago
Rating changed from 3 to 5
It seems like a good decentralized network to me, there is no central authority or intermediaries. In my point of view, Bitcoin is like money for the Internet as well as being a consensual network that allows a new payment system and a completely digital currency.
It is a virtual currency, therefore they are cryptos that are in the cloud and can only be stored in a purse or wallet.
Decentralized and democratic for which no government or institution controls it.
It comes from the mining or mining of Bitcoin.
There is no middle man as it uses blockchain.
The power is with the users.
Completely safe.
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Updated 5 years ago
Rating changed from 3 to 5
Bitcoin offers us total control over our money, unlike other assets that are controlled by banks and governments. Over time Bitcoin has gained popularity and is becoming more and more accepted as a payment method worldwide. In 2008 a document was published on the Internet called Whitepaper that suggested and explained how to create the system for a decentralized currency called Bitcoin. Satoshi Nakamoto was the one who published the document but it is not really known who were the creators of Bitcoin as such but under that pseudonym, although this is not important. This system seeks to create digital money to solve the problem of double spending without the need for a central authority. This is completely revolutionary and for the first time in history there is a form of digital money without an authority. That is, a decentralized solution.
Among the advantages that we can highlight of Bitcoin we have:
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Pros
- You can always know its real value, in addition to the security it has.
Cons
- Investing is a risk with this cryptocurrency and it is also not accepted in all establishments.
