Source: fox

Is Bitcoin too good to be true?

Bitcoin can be defined as cryptocurrency. Also, it doesn’t have a central bank or administrator, and therefore it is considered to be decentralized digital currency. Furthermore, it doesn’t require any intermediaries.

When it comes to the transactions, they are regulated through a ledger called blockchain.

Due to the fact that the story about Bitcoin seems almost utopian, people have started to wonder if this cryptocurrency is too good to be true. In case you are bothered by the same question, you should consider reading this article until the end.

Source: CoinDesk

Bitcoin was created by an unknown individual, or group of individuals who call themselves Satoshi Nakamoto.  It is known that this name is used only as a pseudonym. Originally, it was created in 2009.

The financial system behind the Bitcoin is said to be rather secure and reliable. Also, according to BitcoinEras.com “there is no other trading app in the world that performs at the 99.4% level of accuracy that The Bitcoin Era is able to hit. That’s why our members from around the world trust us to double triple and quadruple their hard-earned money.”

Originally, Bitcoin represented a great and innovative idea. It was not prone to corruption; it was decentralized, reliable and secure. Furthermore, thanks to blockchain system, it the trust-worthy transaction could occur. All of the Bitcoin’s features seem remarkable and reliable.

However, in 2019, people have started to wonder whether Bitcoin is too good to be true? Or, in other words, whether Bitcoin should be invested in nowadays?

Well, the truth is that nobody can answer these questions 100 percent accurately. All we can do is observe the current situation when it comes to the investment in this cryptocurrency.

Source: Forbes

When it comes to the Bitcoin investment in 2019, some people say that it may be risky (due to the growth of 300% in the last 6 months). Therefore, their advice is to be careful while thinking about this cryptocurrency.

However, others are more than positive when talking about Bitcoins at the current moment. Moreover, they say that by investing in it in 2019, you can get richer within minutes. According to the Bitcoin supporters, due to the fact that you do not need banks or even bank account in order to participate in a trade worldwide, all you need is a bit of luck. Furthermore, one of the best things about Bitcoin is the fact that they are not state-owned, and thus they are not dependent upon any government or politics.

Source: Blockgeeks

In conclusion, there are numerous pros and cons about Bitcoin. While some firmly believe that Bitcoins are the future, and that they have countless benefits, some are skeptical and think that it is all just a waste of time. At the end of the day, it seems that nobody knows the exact answer to the question of whether they are too good to be true or not. Therefore, the best advice you can follow is your own opinion and inner feeling.

About Margharita Evanom

Avatar

Check Also

Is The Galaxy S9 Plus Still Worth A Look?

Many people are still considering the Galaxy S9 Plus in 2020 as their phone upgrade, …