Review on Bitcoin by gregori cordova
Bitcoin will always be ahead of other cryptocurrencies
Bitcoin will always be ahead of other cryptocurrencies, simply because it was the precursor to all of them, and over the years it has been gaining confidence in the population, since no individual or organization can control this decentralized network. People prefer to invest their money in bitcoin, because it is not regulated by any country and only they have control of their finances, without having to render accounts to the bank. It is also a very easy to mine cryptocurrency, and today there are many people around the planet, trying to win satoshis for free on the internet or buying them to hope that their value increases in the not too distant future.
Pros
- Bitcoin is a trust-based fiat currency that inspires society at any given time, and many people are turning their trust to this cryptocurrency because they don't want to be accountable to the banks with which there is no possibility of earning a lot of money if you leave your money there.
- You can buy bitcoin very easily with any currency, and that is why it is the most accessible electronic currency for all people looking to invest in cryptocurrencies.
Cons
- I think that we all agree that one of the main limits of bitcoin is the high tax at the time of transactions.
- investing in bitcoin to obtain quick income carries a great risk, due to the volatility with which it can lower its price
