Bitcoin is a digital currency and a common payment framework. This is the main decentralized computerized cash because the framework works with the National Bank or the governor.
In my first search on stage, I will discuss the main coins produced on the planet and all the properties that cause it to oppose the old money model.
In the last few months, when I have lost the wind of this digital currency, I have seen comrades who have made a lot of money in their wallets, and this cryptocurrency…
Pros
In conclusion, I believe that BTC is the largest and will be at the forefront of the cryptocurrency world, which opens the way to a new era of technology and various opportunities.
BTC - the king of crypto and perhaps most assured to retain value, will still encounter bubbles/corrections/whatever you choose to call them. In the end, it is likely more stable than the U.S. Dollar and while I'd recommend most put an equal or greater % (depending on their age, ability to tolerate risk/loss/hodl) into something more stable (PHYSICAL silver and gold NOT paper of the same). ETH will present a very significant challenge and may surpass BTC in the future, but for the next 1-2yrs…
Pros
It's set the precedence and standard for crypto. You cannot take away what BTC has done for the entire world and world of crypto. It will have it's ups and downs but for the foreseeable future (and likely longer than this near 60-yr-old will live). However, as we've seen before there will be bubbles. Why does Elon Musk put $1.5B into BTC then two days later say it's over-priced? Very simply he's warning people the U.S. dollar is far less stable and likely to crash. While there are far more stable and assured investments for long-term security, BTC is the king of crypto and most likely to sustain value or rebound after bubble bursts.
Cons
As we've seen before with BTC's "bubble" in 2017, it will likely experience more in the future. The risk is that can happen at any time with virtually no warning.
The creation of Bitcoin was in the year 2008 and it was not generally use in market then until 2009 which was worth 0.003$ at early beginning but now worth of (59,930$) as at today 29th of April, 2021.
Bitcion is generally known as the pioneer of crypto currencies and its lunching has been growing easily and I believe before this year get to the limit level which is by December it will cost/worth nothing less than 50% of it's present price and worth now.
I startes crypto currencies at the…
It is also believed that bitcoin is a locally transacted coin but that is not so for today.Bitcoin is quite a coin with uniqueness.
I started trading bitcoin since last year and the approach of making it count,is likely said different.The government of Nigeria in the previous years precisely 2020 placed a ban directly on it citizen's not to trade bitcoin or even buy bitcoin from banks(UBA,GTB,ZENITH and many more),which was approved by the legislative arm of government but realizing the
Pros
It accumulates profit over time.
No physical equivalent.
There's no physical contact thereby following covid '19 guidelines.
Data storage is encrypted.
It working hours are 24 hours daily.
It has no limitations to the number of transactions carried out on a daily basis.
I use cryptos principally for trading, i have little money in crypto so i prefer investing in other cryptos rather than bitcoin, i will put some money for sure when i will have more money, it seems really promising
For me bitcoin and even other crypto have a shining future and that is why i like them and i like investing on them.
I bought only one time with bitcoins aaaand.....i got scammed and got nothing in return, gifted some bitcoins worth 100 euros at the time and now they should value 300
Pros
It really is anonymous.
you can send every amount you want and the taxes are not high.
The very big value it has now make it really difficult to vary in the time you get and send bitcoins to pay for something.
You can buy and even if you get almost nothing in bitcoin, that amount will have said value.
Yo you can buy Teslas with it :)
You coud have very big gains if you leave money on bitcoins,you can also get big losses so be carefull.
Cons
It takes eternity to get and send bitcoins, something like minimum 20 minutes to even 1 hour
You pay some taxes
If you get scammed you can do nothing about it, buy-send bitcoins only from whom is verified
You can have very big losses if you don't know how cryptos work but it is no problem if you buy them to spend them right after
In this first review on the platform, I am going to talk about the first cryptocurrency created in the world, and about all the characteristics that make it compete with a financial model that is becoming obsolete. It is, of course, bitcoin, which is 12 years old since its creation and which from the beginning began to attract the attention of many users because no one, no institution or governments can control its use. Instead, users who interact with bitcoin do so in a decentralized…
Pros
Bitcoin is undoubtedly the best known alternative so far for people interested in cryptocurrencies to invest their money seeking rewards
Bitcoin works in an environment in which transactions are carried out between peers and without the intervention of external entities
To buy bitcoin, you only need to deposit a certain amount of fiat money in an Exchange and have an electronic wallet to store them
In recent months bitcoin has broken records in terms of its all-time highs, since it went from being worth around $ 9,000 at the end of 2020 to being worth more than $ 53,000 today
The use of bitcoin as a storage of value in my country has been enormous, and today many people make transactions with this cryptocurrency in Venezuela to counteract the financial crisis
There has been so much the boom of cryptocurrencies, especially bitcoin in recent months, that already renowned and prestigious companies such as tesla, or paypal, are supporting this cryptocurrency
Cons
The fact that its price is so volatile may not make it an alternative that is highly regarded by certain investors.
Bitcoin, despite all its advantages, still has scalability problems, since the network tends to get congested because it cannot handle as many transactions per second as other cryptocurrencies.
Lately the cost of transactions with bitcoin has risen a lot, which does not make it very convenient as a payment method
i buy bitcoin last year in December and I have made a good profit from it.. Now many investors and big institutions are jumping in to accumulate bitcoins, Elon Musk and Michael Saylor are good examples.. Hoping to see a big bull rally in 2021. A day will come when 0.05 bitcoin will make a millionaire. Everyone
Should buy bitcoin when bitcoin goes on corrections and hold for a longer time and not to sell it, currently 70% of bitcoin are not moving, means many people are holding it, few…
Bitcoin cryptocurrency has been chosen because of the large number of currencies in people's lives. After Bitcoin, a number of alternative coins began to emerge. But none of this is as popular as bitcoin. I think this currency will be used instead of paper money from now on. Because it is possible to exchange bitcoin on any Exchanges and wallets. But what scared me was the fact that the creator of this currency was unknown.
Although bitcoin was initially very low, it is now above $ 40,000…
With the highest adoption of Bitcoin in our lives, many currencies have appeared in our exchange markets. We can say that in a short time some of them were able to show a useful relationship, even though some were missing. I think this project can reach even higher levels. and is still available in some countries. The project is also secure for exchange. In particular, users are given the opportunity to buy Bitcoin with their own earnings - and to exchange paper and coins. I think paper and…
Pros
The project has a great design and a very good website.
I first invested in bitcoin in March last year which was a bit late but the price was 5k so not that late after all. so far I have made a good profit. Nonetheless, I am not that enthusiastic about bitcoin. Just because of the high power consumption there are some better other cryptocurrencies that are far ahead in the matter bitcoin.....
I think i Sell in March my bitcoins because i have a Bad feeling As for bitcoin. I will not invest in bitcoin again if the bitcoin does not fall below 10000 $…
I think Bitcoin is the most valuable coin right now. It is the most expensive cryptocurrency today.
Not every budget can invest. However, the more it earns when investing in high amounts, the more it can make you hit the ground. This crypto, which is available on every exchange, can be converted into other subcoins.
There are also bitcoin mining sites. You can mine bitcoin on these mining sites, but I do not think they have confidence.
More reliable and more online than a bank.
Bitcoin is a revolution which was launched in 2009 known as cryptocurrency records the transactions on secured blockchain based decentralized network. It is type of computer file tha is stored in secured wallet and its value is decided by supply and demand.
Best thing about bitcoin is its limited supply which is fixed to 21 Millions and its block contain 6.25 Bitcoin and it takes 10 minutes for a transaction to be mined. Due to its limited supply Bitcoin Halving is done every 210000 Blocks…
Pros
Complete transparency makes Bitcoin more reliable than any other traditional payment system
Bitcoin makes it east to receive rewards and payments almost instantly and easily from any corner of he world
Bitcoin provide ample opportunities to earn and provide employment opportunities to struggling economies
Cons
Not so eco friendly as it is very costly and consume lot of energy to mine transactions
Price volitality is a concern for miners and can never be considered as investing opportunity due to movements
Bitcoin is not backed by governements and central banks and that is why loss and risk of investment is high
HiThis is the first, safest and most traded currency in the world.
Bitcoin's cryptocurrency platform is very broad and the most widely used in the world.
At first this coin was used just to exchange and trade, and then the employees could make and work.
I started using it a year ago, and I'm very happy about it. Plus, this coin originated 10 years ago.
From my experience I was able to sell and buy and also I worked with Bitcoin through this platform and I was able to make a very good profit…
Bitcoin is virtual and decentralized cash used to exchange for products and enterprises, not upheld by any administration, organization, or association. It's genuinely worldwide unregulated cash that isn't charged at any level. Numerous endeavors have been made to outfit virtual cash, yet much like the public authority endeavors to control the Internet, the guidelines so far have fizzled. Sooner or later, Bitcoins will probably be controlled to have enduring force.
Bitcoin is an intriguing…
Bitcoin's Advantages and Risks
Every people want to earn more money. Because every people want to survive. in this context money is guarantee of going on life. For this reason peoples try some tools for increase theirs moneys. At this point Bitcoin can be more atractive for peoples. Cos Bitcoin is a tool like gold, silver, dollar and euro for investers.
But there is some positive and negative situations in the Bitcoin. We must underline that, we are looking Bitcoin from side of investers. in…
The earliest and first cryptocurrency project, formed from the innovative ideas of taking money control from Central systems, Bitcoin is making the news round for what it offers especially in it's early days. It is very versatile, can be found on all Crypto exchanges, many Crypto wallets support the coin holding and many major retail stores makes primary use of Bitcoin as a payment means. Being in Nigeria, it is quite surprising how Bitcoin is being adopted massively with it's ATM on the rise…
Pros
Can be held on many major wallets and traded on every Crypto exchange
Used for making P2P transactions
There is no third party involved in making transactions
User autonomy is supported using Bitcoin as a means of transactions
Bitcoin is the new future
Hi everybody, today I will inform you concerning Bitcoin.
As you probably are aware, Bitcoin is the most secure, best and most exchanged cryptographic money the digital currency world. Bitcoin has been recorded on digital currency trades where cryptographic money clients can exchange for around 10 years. Furthermore, when Bitcoin previously came out, you can just exchange, yet now you can acquire Bitcoin from multiple points of view, for example, stake…
Pros
The future will be formed by Bitcoin
It's on every cryptocurrency exchange in the world
The great story of the blockchain network started with the first cryptocurrency, Bitcoin. Its story starts in the year 2009 and has the Novel, Satoshi Nakamoto as its founder. It remains the most popular cryptocurrencies in the blockchain network, having millions of holders of its coin. Being a community based coin, its ever developing community has helped it greatly to gain lime light.
I had my first Bitcoin last year when it had a value of 27,000 dollars. I bought a Bitcoin worth 20 dollars…
Pros
They provide high liquidity
It can be used for the purchase of goods and payment for services offered
It is completely decentralized, having its control in the hands of their community and not government agencies
All transactions at viewed on a public ledger which makes it transparent
It is the first and remains the most popular cryptocurrency available in the world
Cons
It suffers high volatility or inflation
There are many scam sites that are used to scam people of their funds in the name of selling Bitcoins
.Bitcoin is a cryptocurrency operated by a decentralized network of users and is not subjected direct influence of central banking over ruling and of the national governments.
Bitcoin is backed up by a source code that uses highly complex algorithms to prevent unauthorized manipulation to recreate its units. It is impossible to break its source code in other to duplicate its currency supply
Bitcoin is the first known modern cryptocurrency and it gives the head way to the rest of the crypto
Pros
Bitcoin is widely accepted as a mode of payment
The liquidity of bitcoin is far greater than its peers, which gives its users an opportunity to retain most of its intrinsic value when swapping to fiat currencies.
Bitcoin can not be politically influenced.
Cons
Bitcoin lacks chargeback and refund functionality.
Bitcoin is highly attacked by scam and fraudulent activities
Bitcoin happens to be my first digital currency, although I came to know about blockchain technology very late from online article and reviews online, I'm still exploring crypto world would love to know more and probably invest in various crypto portfolio.
When I first saw article on crypto currency with Bitcoin in particular i was skeptical about it's credibility and transparency I thought it was another scheme for stealing users money so I did paid little attention over the years I saw mult
Pros
Transparent digital currency traded and accepted in virtually all Crypto exchange platform
Fast transaction speed without any friction while sending