Review on Bitcoin by Ferhat Tunç
My views on Bitcoin
Bitcoin is the virtual currency known as the head of all cryptocurrencies, first released in 2008. Bitcoin was used as a payment method in the first years, while today it appears in all cryptocurrency exchanges.
Bitcoin, which has gained a central Edge, has also gained high value and importance.
Bitcoin, a highly bumpy cryptocurrency, also determines the movements of all altcoins and allows altcoins to catch up on the rise.
Bitcoin is expected to be priced at $ 20,000 in the near future, but I think it will take a little more time, and I see the same view in people around me.
The commission fees for bitcoin withdrawals between cryptocurrencies, which are available on almost all exchanges, are also quite high, but reducing the commission fee will cause a positive thought among all users.
Users who like to trade bitcoin among their own altcoins also fold their assets well, but there is also a harm in this.
In a short time, I bought a portion of my assets, taking advantage of the low price of Bitcoin, and made a profit and sold my assets.
Dealing with trading can bring both profit and loss to users, but I advise users not to spend too much time on trading.
Pros
- Bitcoin is the first crypto virtual currency, first released in 2008.
- A lot of volume transactions are taking place through Bitcoin.
- Transfer transactions between exchanges are quite fast.
- Fast and innovative
Cons
- Commission fees for shooting between exchanges are very high.
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Comments (1)
December 17, 2020
Bitcoin trading fees are generally high yes, but this is more about exchanges than Bitcoin itself. Exchanges are smart and always keep their commission fees high because Bitcoin is the most preferred currency. My suggestion to you is to trade with Dogecoin to avoid high transaction fees.
