Review on Bitcoin by Yenkelys Barcenas
Bitcoin: From the experimental to the future of the digital market
The bitcoin has turned out to be the novelty for many people, a ghost currency that weighs as much or more than traditional currencies and it is consolidated as the present and future of the financial market of many companies and many people whose are locking for the way to keep or increase their money to support fluctuations in the world economy, even and the risk involved in keeping your savings in digital assets such as cryptocurrencies, because there is the possibility of increasing, decreasing or even losing it completely.
The risks of using bitcoin are enough to force the user to make relationships of trust and use wallets that guarantee high levels of security, because the payments made with it are irreversible and the reimbursement is made only with the people involved in the transaction. The responsibility for the activities are exclusive to the user. This cryptocurrency is an asset that is acquiring a high level of acceptance worldwide, today, there are many service providers that when receiving payments with bitcoin can exchange them to the local currency almost immediately, however this can be different anda variable, in some places may take a little longer.
Is very important to users to know that bitcoin is not considered an official currency yet, and therefore may be subject to some kind of regulations or restrictions in some countries, for this, it could be subject to income tax payments on everything that has value, including bitcoin. Although a few economists and experts in the field suggest that bitcoin should be made illegal, this criptocurrency increases its value in the market and its projection points to excellent profits
.
Pros
- This criptocurrency represents the opening of the digital economy in the world
- Their acceptance increases over time
Cons
- Bitcoin is not an official currency
- The payments are irreversible
