It's time to really own our money, bitcoin allows us to free ourselves from…

It's time to really own our money, bitcoin allows us to free ourselves from monopolized chains by banks
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Updated 5 years ago

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Currently Bitcoin has some problems related to the speed of transaction processing, so far there is no consensus regarding it, on the other hand we have Lightning Network as an escape but does not solve the problem of scalability.
But it continues to be the main cryptocurrency, on which the prices of the different allcoins depend.
It is still the most widely used cryptocurrency in the world.
I consider that most of the problems are related to the possible updates that the main chain needs, that until now nothing has been done formally or the community is very divided in this matter, even so it will remain one of the most important digital assets.
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Updated 5 years ago

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The biggest problem with Bitcoin is buying them in exchanges, it is too expensive at the time of withdrawing our BTC so many choose other currencies, that is one of the biggest problems I had when using this cryptocurrency .. It should be cheaper to move Bitcoin .
However, this is still one of the best options for saving capital in crypto assets, taking into account the cryptocurrency market so volatile its price remains highly competitive as an investment compared to traditional ones.
- It is still a perfect option to break geographic and economic barriers. And I say this based on the economic condition of my country, it is possible to affirm that now more Bitcoin is used than in another part of the world and this is really exciting for BTC fans.
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Updated 5 years ago

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Currently it has been halved per extracted block. The expectation that is had at the moment most of the people expect that an exponential growth of its price exists, nevertheless I consider that this will not happen:
-Current global economic crisis.
-Reduction of capital since people who had money saved in BTC have been spending it.
An important aspect is that this whole coronavirus issue has led us to raise the way in which we interact with people, a new economic crisis is looming and according to many BTC investors has shown real strength as a long-term investment asset, today Those who called this cryptocurrency a scam are investing in the blockchain great advances this market has had in the last year: Most importantly, more Bitcoin is used today.
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Updated 4 years ago

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The main aspect to consider is that currently more companies and venture capital institutions are buying bitcoin, especially due to the current state of the dollar and the US economy. Thus, it is no longer a speculative Cryptocurrency as more companies begin to understand its value and give it its respective place in the world economy. Personally, I affirm that "Bitcoin is here to stay" is no longer marked as an asset for investment and savings that is not sought to be liquidated in the short term.

Ultimately, Bitcoin changed the way money was conceived and in 2020 all digital services were given more value.

-It is an investment asset, it can be called digital gold but with better performance than Gold.
-You can send money anywhere in the world or receive, that is, there is no one to limit transactions. No government.
-Best of all, no matter where you are, you can always save. The dollar is having its worst year and 2021 may be worse so it is time to use bitcoin.

Personally I live in one of the countries with the highest inflation in the world and this cryptocurrency has become the main asset to save for many, in addition to international restrictions it is not possible to access traditional markets, so in every way we are limited there is where BTC turns out to be a solution.

Venezuela is one of the countries where cryptocurrencies are most used and has resulted in a clear solution for many of the evils that fiat money means, (the one issued by banks and governments). It is easier to save in Bitcoin than in the local currency that loses its value every day.

My personal recommendation is that if you live in a country with a stable currency that is not easily devalued, use the amount that you allow yourself to lose to save in bitcoin. Do not get carried away by feelings, this cryptocurrency is based on trust so its value is highly volatile so you can lose all your money if it goes down. You must be aware of it!

Something you must understand at this point is that you will not become a millionaire overnight, those times have passed you must be totally focused. Before investing in anything, keep in mind the following: Read and educate yourself! Do not stay with what appears in the news or social networks, learn about BTC and other cryptocurrencies, how they work, because it has value.

2020 has been one of the best years for cryptocurrencies and bitcoin specifically because they went from being an asset of speculation to attracting the attention of central banks and new standards to accept them in the economy. In research and different media that large companies have invested more than 10 billion dollars in BTC, which indicates that there are more and more interested institutions, the most popular company so far is MicroStrategy, which has invested almost 30% of its capitalization in BTC this information is verifiable.

But not everything is positive, remember that there are old school people who claim that it is a bubble. However, many of these people have changed their minds and it seems incredible they decided to invest in this famous cryptocurrency.

The time for Bitcoin has come. BTC, More precious than cash and GOLD !.
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Updated 3 years ago

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Since my last update many things have changed, apparently bitcoin is stronger today although international markets remain reluctant to accept it as a global modena, a matter that is really interesting since it is easier to send money anywhere in the world.
Some countries like El Salvador have made it legal tender in their country.
The owner of tesla Elon Musk, created a kind of bubble in the price of this cryptocurrency which made many buy and of course it increased in value, which indicates that these markets are still easy to control due to the emotions created around An individual.

In general, there is still a lot to grow and learn about cryptocurrencies and how they work. Some believe that bitcoin mining actually represents a high volume of carbon emissions. Put it in context the current banking system represents a larger amount of energy consumption than mining as we know it today. However, it is important to note that changes must be made so that it is truly sustainable and can coexist over time, as I have mentioned, Bitcoin is the currency of the future. or at least that's what it represents.

Pros

precursor of all the crocodomonedas, for this reason can have large price increases and make us win and even the best way to save. without having to go to a bank

Cons