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Review on Bitcoin by Thin Phan
Someone said the bitcoin would be outdated. then that means if blockchain…
Someone said the bitcoin would be outdated. then that means if blockchain should become obsolete, then I think bitcoin will follow suite. because blockchain is the technology on which bitcoin was built. If there should come a day when blockchain will be an old system and not in use anymore, then all coins must die. But I strongly doubt this imaginary idea shall come to pass.
Pros
- Bitcoin is worth investing There is nothing wrong in investing in bitcoin. If you have loads of money, you can invest and wait for a couple of months or years to gain some profits.Each and every investment is risky. “High risk, high reward” is one of the basic rules of investment.
Cons
- The volatility in Bitcoin is kind of concerning for something intended to be a store of value. But, the simple fact is that it is being purchased for speculation, and not as a store of value or means of exchange. The number of speculators dwarfs the number of people who purchase Bitcoin for some practical use. Speculation lends itself to quick buying and selling moves, while people who actually use a currency hang on to it. I believe that when Bitcoin use as a practical currency exceeds that of speculators, the volatility will decrease.
