who often buy and sell items or games are certainly no stranger to bitcoin. Currently, the use of Bitcoin is increasingly widespread and the price has increased sharply, which is around 4,008 or 58.12 million rupiah per coin. Before using it, know what bitcoin is, its advantages and risks. Knowing what Bitcoin is, the advantages and risks at the same time For beginners in cyberspace who want to pursue business in cyberspace, they certainly know the popularity of bitcoin.
But it is possible that some of them have little knowledge of the transaction system. Of course there will be questions about what bitcoin is, its advantages and risks. Bitcoin is a virtual currency that is now popular enough to be used as a transaction around the world. Payment systems with bitcoin can generally be done virtually. Because the bitcoin turnover system is controlled through open system software.
Advantages and Risks :
Promising results and benefits are reaping the increasing interest of most users of the virtual world. In addition to being easy in doing business, investing using bitcoin has competition that can be easily overcome. After you know what bitcoin is, the benefits and risks also need to be studied (quoted from the Duwitmu.com blog).
Advantages of Investing with Bitcoin :
Ease of Peer to Peer or P2P System Business or investment with bitcoin is considered a secure system and can be easily controlled. All bitcoin transaction history will be recorded in detail and verified via the network.
The cryptographic system in it is recorded in a large data vault owned by the public. This advanced technology uses a peer to peer system because it is carried out by direct transactions. While the storage technique is commonly referred to as blockchain. Everyone has their data and transaction history securely.
Massive Flowing Profits The first person to be able to take advantage of bitcoin was Hal Finney who was a scientist in the computer field. Purchase of bitcoin is done by exchanging 10 pieces given by Nakamoto.
Such exchange systems can generate massive profits when the exchange rate rises.
Bitcoin transactions or investments are actually very popular all over the world, including India However, you need to know that this is still classified as an illegal activity.
Official government institutions in the financial sector such as Bl or OJK do not give official permission that bitcoin can be used as a medium of exchange. Because it is considered to violate the rules in accordance with Law no. 7 of 2011.
Its Potential Could Trigger an Economic Bubble An economic bubble or an economic bubble can occur when the price of bitcoin increases and its function as a medium of exchange becomes increasingly unbalanced.
This event is a phenomenon of the collapse of the price of goods due to a drastic increase in accordance with the exchange rate on bitcoin.
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