1 Level
8 Review
15 Karma
Review on Bitcoin by Jatin Pandey
Bitcoin is the king of currencies and worldwide payment system . Everybody…
Bitcoin is the king of currencies and worldwide payment system . Everybody billons of people invest in Bitcoin market , i am also , so i suggest that Bitcoin is really king of cryptocurrency.In theory, bitcoin looks like a great opportunity to jump on a new technology before it gains momentum but in practice things are much murkier.
Pros
- The main advantage of using Bitcoin for payment, here we do not need any middleman like bank , to complete transaction . Also we can make payments with bitcoin all over the world .It is the equivalent of digital gold. The value of the coin is likely to go up before the speculation bubble pops. It is a hedge against market uncertainty.
Cons
- Bitcoin being taxed as property insteed of currency by IRS . This currency depends on high internet availability , its also very slow .It is not tangible. As the first digital coin, bitcoin has a litany of successor coins that improved on the coin’s flaws, including its artificial scarcity, its slow transaction processing time, and its inflexibility toward being used for customized applications. Bitcoin’s value shifts wildly and suddenly.
