Review on Bitcoin by Ayu Anggraini
My point Of view about BTC..
Bitcoin was first discovered by satoshi nakamoto. A person whose identity is unknown. Bitcoin was first designed to introduce an instant to peer instant transfer system. Peer-to-peer itself means that Bitcoin runs without having a central server or a third party like a bank. Previously I got bitcoin from the faucet but this took a long time until finally I decided to trade bitcoin. Bitcoin offers two sides to its volatility. One side will give a profit and the other side will give a catastrophic loss. I do not recommend bitcoin as an investment because for those who do not understand risk management and that crypto is a place that has high volatility, investing in bitcoin is not the right choice unless you have done previous research.
Bitcoin can only process up to 7 transactions per second compared to ripple which is still a blockchain project with the highest transaction rate per second reaching 1500tps. However, bitcoin is still the king of crypto, where the development of alternative or alt coin prices is very dependent on bitcoin movements. Usually when bitcoin rises, investors will switch to bitcoin which causes the volume in altcoin to decrease dramatically and often the traders experience a significant loss of price. Bitcoin is popular in several country including my country Indonesia because it is famous for its prices always soaring high. In 2009 bitcoin was still at 10 rupiah and currently has reached 134 million rupiah (IDR). If you want to look for other options for investing then my advice is to buy altcoin which is still very cheap and has strong fundamentals or the potential to follow in the footsteps of bitcoin or even better than bitcoin itself.
Pros
- Widely known as the first crypto currency
- Bitcoin has changed the way we look at paper money
Cons
- Highly manipulated for the prices by the institutional money and whales
- Banned or not legal in several countries
