In the Future, Bitcoin Investment is Secure
Bitcoin is an online digital currency, just like a dollar or a pound but with a few exceptions. Introduced by Satoshi Nakamoto in 2009, Bitcoin engages in a peer-to-peer payment system where no intermediaries exist and goods can be securely transferred between any two people on the planet. It is associated with a heavy network of computers and the unit of currency for the Bitcoin can be simply acquired by joining the vast network. Bitcoin provides a fast cheap and secure transaction alternative, but few are willing to take the jump for it. So, usually the one million money concern continue to linger, is Bitcoin a safe and secure expense?
Bitcoin a relative new phenomenon
Bitcoin is only a few years old, an interesting creation that has awed many and for the record, has attained a name in the top financial charts. Its popularity has spanned and it has led some of the top businesses like Virgin Galactic to consider it as an acceptable source of payment. Bitcoin prices increase at rates of up to 10% and continue to dominate as the alpha of the market and this has made many interested in investing in it.
It lacks a main financial institution nor do central authorities manage it. Which is one more specific characteristic of Bitcoin? It’s a global currency and it’s design and living lies behind a complex and geeky mathematical algorithm that enables it to shadow government related mishaps. Cases of political authorities and instability absurdities that plunge the economy down to shame and lead years of investments in a currency down the drain do not occur in the crypto- currency system. This creates a secure and friendly investment opportunity with low inflation risks.
Crypto- currency also has its downs
With an ever-amazing upside, crypto- currency also has its downs. As stated, this thing continues to be consuming baby techniques; with that comes fantastic uncertainties. Bitcoin prices are volatile; currently increasing sharply and can fluctuate at 30% to 40% in a month. The world is still surprised at its emergence and there exists very few Bitcoin holders and Bitcoin. This leads to unanswered questions and cold fear among people as investing in a new unpredictable ‘gold mine’ can yield devastating effects. Its newness brings forth the lack of scares and rules off potential investors.
Bitcoin Investment system a major factor
Bitcoin Investment system is a major factor to be considered. Anything can happen and everyone participating in the Bitcoin market is on a high alert. China in December 2013 eliminated the use of Bitcoin and this led to a drastic drop to its value from $1240 to $576 in just three weeks. Programmers also determine the functionality of this global currency and many question the thought of risking their finances for some group of geeks. This prevents many from venturing into the increases and program the risk of Bitcoin investment ever so highly.