Why is Bitcoin attractive?
Most investors are interested in bitcoin because it's absolutely digital, and this factor is sort of appealing to traders and investors. Also, there are not any fraud issues because it's no physical appearance and isn't controlled by a central authority or financial institutions
Advantages of Using Bitcoin
Greater Liquidity Relative to Other Cryptocurrencies. ...
Increasingly Wide Acceptance as a Payment Method. ...
International Transactions Easier Than Regular Currencies. ...
Generally Lower Transaction Fees. ...
Anonymity and Privacy Relative to Traditional Currencies.
Why Bitcoin may be a good investment?
Many financial experts laud Bitcoin as how to guard your money from inflation over time. The argument is that cryptocurrency isn't suffering from government actions -- like printing an excessive amount of money or geopolitical conflicts -- which will decrease the worth of normal , government-issued currencies.
What is the downside to bitcoin?
If a tough drive crashes, or an epidemic corrupts data , and therefore the wallet file is corrupted, Bitcoins have essentially been “lost”. there's nothing which will done to recover it. These coins are going to be forever orphaned within the system. this will bankrupt a wealthy Bitcoin investor within seconds with no way sort of recovery.
Why is Bitcoin attractive? Most investors are interested in bitcoin because it's absolutely digital, and this factor is sort of appealing to traders and investors. Also, there are not any fraud issues because it's no physical appearance and isn't controlled by a central authority or financial institutions Advantages of Using Bitcoin Greater Liquidity Relative to Other Cryptocurrencies. ... Increasingly Wide Acceptance as a Payment Method. ... International Transactions Easier Than Regular Currencies. ... Generally Lower Transaction Fees. ... Anonymity and Privacy Relative to Traditional Currencies. Why Bitcoin may be a good investment? Many financial experts laud Bitcoin as how to guard your money from inflation over time. The argument is that cryptocurrency isn't suffering from government actions -- like printing an excessive amount of money or geopolitical conflicts -- which will decrease the worth of normal , government-issued currencies. What is the downside to bitcoin? If a tough drive crashes, or an epidemic corrupts data , and therefore the wallet file is corrupted, Bitcoins have essentially been “lost”. there's nothing which will done to recover it. These coins are going to be forever orphaned within the system. this will bankrupt a wealthy Bitcoin investor within seconds with no way sort of recovery.