1 Level
53 Review
-31.5 Karma
Review on Bitcoin by Ana A
Bitcoin.
This coin is characterized by being novel and stands out for its efficiency, security and ease of exchange. It differs from the rest of the "official" currencies since it is a decentralized currency, since the current computer system allows the creation of this safe and reliable currency; reason why nothing and nobody controls it and there are no intermediaries, always facilitating the transactions since this is carried out from person to person, since there are no restrictions. From user arguments, they claim to feel more secure when using it since they feel they own their money, and it can be exchanged worldwide.
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Bitcoin does not have a specific issuer such as a bank, the cryptocurrency is produced by people; so is; ordinary citizens, and companies or organizations throughout the earth plane dedicating for this a large amount of resources to mining. Another positive aspect is that it is a currency that is constantly increasing, and that cannot necessarily be bought but mined. The price of Bitcoins is something that never stops, proof of this is that its market is traded 24 hours a day, 365 days a year.
It's purchasable? This currency can be purchased based on its price in currencies such as dollars, euros, yuan, etc; and you can buy this in reverse. This has been of great advantage, since it cannot be falsified. In addition to the fact that people own their money, in their own account, there is no possibility of accounts being frozen or money lost. So it has facilitated the creation and opening of new businesses and online stores (On Line), which provides an opportunity for the acceptance of this currency in an immense number of establishments since the virtual currency market is something that never stops. .
Among its negative aspects stand out that one of its main forms of use, although it is not considered, because it happens from anonymity, in addition to the fact that illegal activities can be financed in the Web Dip, since there is no way to track the use of these funds, as until now it is impossible to trace that money. And in this way, money laundering processes can take place.
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Pros
- Easy to buy and store.
- Simple mining process
- No issuer or central bank to dictate its price, a decentralized economy based on trus
- From its beginnings it is constantly increasing and it is a good long-term investmen
Cons
- It is possible that it is used for illegal acts and financing to irregular groups.
- It may be used to launder money.
