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Review on Bitcoin by KREDIMIR tom
bitcoin
It is a type of Internet cash that gives you the opportunity to purchase products and services. it has made remarkable progress recently and can be paid for with bitcoin in some countries. on the one hand it is good that bitcoin can raise its value, but it can drop drastically at any time and even to zero. Bitcoin consumes a lot of electricity, and it also has the disadvantage that it can only be purchased online. Bitcoin cannot be transferred to cash but is only available online. Bitcoin was created in 2008. The European Banking Agency warned that the Bitcoin payment network lacks consumer protection Unlike credit cards. Bitcoin has been criticized for its misuse in illegal activities, high electricity consumption, price volatility, and the possibility that it is a speculative bubble. In 2009, an error was found in bitcoin, so there was too much bitcoin creation, so now we have a lot of them. I n addition to mining, bitcoins can be bought with money. Some governments, on the other hand, are hostile to bitcoin Russia has banned the use of bitcoin, and in China the purchase of bitcoin is subject to restrictions this is another drawback of bitcoin.
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Pros
- over time you see if the investment has paid off
Cons
- unstable value
