The disadvantage of bitcoin
The biggest problem is that Bitcoin is not a stable currency because it has no authority to regulate it.
So its price can fluctuate a lot.
A 100 taka note is like 100 taka at a time but the value of 1 bitcoin is not always the same.
So many times you may have to admit a lot of losses.
You can spend any amount of money from Bitcoin if you want, not that you have to spend 1 bitcoin.
You can also spend 0.0001 bitcoin if you want.
But the problem is that it is not acceptable in many places.
You cannot use it on many websites.
Not all sellers accept it. You can't spend as much as you want.
This means that in many places you have nothing but Bitcoin.
Honestly, this is a kind of risk, so you may be hesitant whether to invest in your bitcoin.
Since this coin is only stored electronically, if your computer or computing device crashes or you forget your account password, all your coins will disappear.
And you will never be able to recover these coins.
The benefits of Bitcoin
In addition to the disadvantages, it also has many advantages.
You can send any amount of bitcoin to anyone the way you want, there is no need to follow any rules.
Moreover, all coins are associated with mathematical problems, so there is a calculation at the time of each transaction, where and how many coins you have sent or received.
No one can ever spend your coins and neither can you.
Even those who do not have bitcoin will not be able to spend any coin.
And these are by a proper system which means no one can ever spend the same bitcoin more than once to be controlled by a computer system.
Very informative article. Thank you.