Review on Bitcoin by Douglas Cachazo
Bitcoin BTC: Still the Queen of Cryptocurrencies
I was very attracted to the worldwide appearance of the concept of cryptocurrencies based on Blockchain technologies, the concept of having a means of payment from person to person without the intervention of third parties or banks was really great and even more so when I can use it anywhere in the world, just just have a wallet. And Bitcoin was precisely the pioneer of cryptocurrencies. Back then I recommended investing some money in that cryptocurrency and time proved me right.
It has had ups and downs since its inception, but has always recovered quickly, I have noticed that many people invest when their value falls and then make a good profit when it rises again, what they call the rebound.
At the beginning he had problems when exchange houses were violated, this brought mistrust, but it served to reinforce his security. It is currently very safe.
I consider it very important that despite the issue of the pandemic since June and so far in July, it has remained in a band that ranges from $ 9,175 to $ 9,150, contrary to what many thought would collapse, something that has not happened. , its reference price worldwide is compared to the dollar and the euro.
The pandemic will bring unpredictable results in economic matters worldwide, but I am convinced that the post-pandemic economy bitcoin will come out stronger even above the bank.
Bitcoin will continue to reign among cryptocurrencies.
Pros
- Solid cryptocurrency
- Reliable and safe
- good way to invest
Cons
- Very expensive transactions
- High electrical consumption for your mining
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Comments (1)
July 21, 2020
Yes, Bitcoin is the most important and valuable cryptocurrency in terms of MarketCap, but in terms of potential, there are other currencies and projects that can be stronger than Bitcoin.
