175

Before you invest in bitcoins, you have the right to know everything there is to know about bitcoin. There are many pros and cons of investing in bitcoin that you should be aware of. Security and protection are two of the most important.

Bitcoin, the world's first decentralized digital person-to-person cryptocurrency, is widely regarded as a revolution in today's currency and financial markets. Bitcoin was created in 2009 by an anonymous programmer known only as "Satoshi Nakomoto." Bitcoin (BTC) is a cryptocurrency that is based on a blockchain, which is a tamper-proof distributed ledger.

PROS of Bitcoin :

-Potential for high returns 

-Protection from payment frauds 

-International transactions and immediate settlement

-Greater liquidity and diversification 

CONS of Bitcoin :

-High volatility and potential for large losses 

-Black market activity 

-Cyberhacking ; Unregulated and unbacked

-No refund

Conclusion

As you read, cryptocurrency has both pros and cons, so you have to be careful while you are investing or trading with cryptocurrency. Before investing in cryptocurrency you should have all pros and cons in your mind. Especially mentioned above, you can’t ignore these pros and cons because these are major and critical.

[zombify_post]


Like it? Share with your friends!

175
Niya Anil

Niya Anil