Bitcoin is an on line digital currency, just like a dollar or perhaps a pound but with several 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's associated with a heavy network of computers and the machine of currency for the Bitcoin system (appropriately called Bitcoin) can be simply acquired by joining the vast network. Bitcoin provides an easy cheap and secure transaction alternative but few are willing to take the jump for it. So the main one million dollar question still lingers, is Bitcoin a safe investment?
Bitcoin is just a few years old, an interesting creation that's awed many and for the record, has attained a title in the utmost effective financial charts. Its popularity has spanned and it's led some of the top businesses like Virgin Galactic to think about it as a suitable supply of payment. Bitcoin prices increase at rates as high as 10% and continue to dominate as the alpha of the market and it's made many enthusiastic about buying it.
Another special feature of Bitcoin is that it does not have a central bank and neither does a central government control it. It's a global currency and its creation and existence lies behind a complicated and geeky mathematical algorithm that enables it to shadow government related mishaps. And bitcoinvest.cc is a broker house and also take initiative to invest your money in Bitrcoin. Cases of political instability and government absurdities that plunge the economy down seriously to shame and lead years of investments in a currency down the drain do not occur in the crypto-currency system. This creates a safe and friendly investment opportunity with low inflation risks.
The Downside
With an ever-amazing upside, crypto-currency also has its downs. As stated, this thing continues to be taking baby steps; and with this comes great uncertainties. Bitcoin prices are volatile; currently increasing sharply and can fluctuate at 30% to 40% in a month. The planet continues to be surprised at its emergence and there exists very few Bitcoin holders and Bitcoin. This leads to unanswered questions and cold fear among people as buying a new unpredictable'gold mine'can yield devastating effects. Its newness brings forth lack of regulations and scares off potential investors.
The enigma surrounding the Bitcoin system is really a major factor to be considered. Anything can happen and everyone participating in the Bitcoin market is on a top 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 the global currency and many question the thought of risking their finances for a few number of geeks. This prevents many from venturing into the machine and increases the danger of Bitcoin investment extremely highly.