Review on Bitcoin by Oloruntobi Ajilore
The simplicity of bitcoin in crypto world
I know little or nothing about bitcoin not until 2017 when a friend introduced it to me as an excellent investment when I was seriously searching for investment opportunity .
One of the reasons given that convinced me to invest in bitcoin was the fact that bitcoin uses blockchain technology to record every transaction that is made on the bitcoin platform which make the transaction transparent and traceable .
It is als efficient in that it decentralized from any federal authority.
It also use crytpgtaphy to secure all transaction made on its network
good for beginners because its easy to understand and relate with.
It could be mined and also exchanged for other currencies and for other products and services .It has a very good and rapid growth being the reliable currency used as benchmark for the prices of other currencies and it can also be used when online or offline.Bitcoin brings great investment opportunity for investors anywhere in the world
Pros
- The anonymousity of the system is one of the unique features
- Fast and cheap of transfer of funds
- It is a trustd asset to investors
Cons
- Yet to be regulated
New products
Comments (1)
May 03, 2020
The importance of bitcoin can not be overemphasized to the economy of the world today. Presently, all over the world due to the pandemic cause by covid19, almost every part of the world economy is touched with crude oil, stocks losing their value but opposite is the case for bitcoin the price continues to rise and it was pridicted that in future the price may reach $100,000,which means is truely store of value.
