Review on Bitcoin by Murat Mircalı
Bitcoin Opens The Door To New Cryptocurrencies
Financial markets have always needed a new product and a new adventure. What are financial markets for? Of course, for someone to earn money the easy way. In times when banking was boring and nobody could earn high income, derivatives, cdo etc. were put on the market and huge profits were obtained. In an order where everyone dreams of getting rich in a shortcut, we need materials that will sell dreams to people. Bitcoin came out and people found a whole new medium to hope to make money. Someone made big profits, yes, but they gave it to a large crowd. It has never been a medium for change since its release. It has always remained a speculative investment tool. We can even say that it has been a great blessing for those who want to launder money.
Crypto currencies are limited so there are those who say they are valuable. And my son, gold is also produced very little, and previously central banks used to issue gold for gold. However, since there was not enough gold in return for the goods and services produced in the world, the application of the gold currency standard was abandoned. Therefore, even if bitcoin dominates the market, its limited number this time will create a huge problem. Therefore, it is very difficult for crypto currencies to be a substitute for the money issued by central banks. Of course, we cannot know what time shows.
Pros
- Guiding other cryptocurrencies
- Ease of trading in every exchange
- One of the most powerful currencies of the time.
- A valuable cryptocurrency
- Can be used in all areas
Cons
- High transaction fees
- It is not suitable for investment with low capital.
