Review on Bitcoin by SEO Creativo

Name: Bitcoin
Item: Bitcoin
Rating: 4

October 12, 2018

Bitcoin is a universal virtual currency created in 2009, a very different…

Bitcoin is a universal virtual currency created in 2009, a very different currency from the one found on the forex market. It is an autonomous monetary system that does not require banks to process transactions.
 
Initially used only by geeks, it gradually spread all over the world.
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Since its creation the value of Bitcoin has increased significantly (+628% since last year), allowing many people to make a profit. This remains an advantage even if the bitcoin can lose its value quickly.
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For the time being, it is taking advantage of a legal vagueness that leaves room for a lot of innovation and speculation. State reactions are divided between regulation, control or banishment. Bitcoin is recognized as a piece of furniture with legal value. This is an important element to follow in the evolution of Bitcoin.
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Pros

EASY TRANSFER: Bitcoin transfers are easy to make worldwide without intermediaries and at no cost. QUICK TRANSFER: Transfers are faster than the traditional banking system. SECURITY: Bitcoin cannot be counterfeited, as the verification system to validate transactions is shared by all users. This makes counterfeiting or hacking very difficult. WORLDWIDE: Bitcoin is a global, neutral and egalitarian initiative because it works only through its users, it is a world first. FREE: bitcoin is a free software that allows many innovations and the creation of other currencies (altcoins) and technologies (especially with the Blockchain). ACCESSIBLE: Bitcoin is accessible to anyone, anyone can own bitcoins. PRIVATE: Bitcoin allows for more private transactions even if tracking is possible. LIMITED: Bitcoin has a limit of 21 million bitcoin, it is distributed homogeneously with the computing power of its users, which will limit its instability over time and allow the bitcoin to maintain a value.

Cons

IRREVERSIBLE: transactions are irreversible, be careful to inform the right recipient PROTECTION: Bitcoin is stored online or on your computer, so it is necessary to protect your wallet. Physical supports also exist BETA: Bitcoin remains an experience, investing remains a risk like any other investment RECOGNITION: There is a great misunderstanding about Bitcoin, a majority of people do not understand this technology. This may be a problem for the evolution of bitcoin RISK AND VOLATILITY: Bitcoin, just as a conventional currency poses an investment risk, the value of a currency can change. But the price of Bitcoin fluctuates more strongly.