Is Bitcoin Safe?

Bitcoin is reportedly coming out on banned grounds as it creates controversy among “high” society and savvy digital investors. These digital marketers are trying to get their share of the digital pie by a billion dollars a day, while corporate society is looking to cut the spiraling rise in value that appears to be a “money threat”. Some who seek to exploit the poor and vulnerable do not feel this, trying to instill the masses, trying to stifle this “digital monster” that is growing.

These seemingly corporate crooks continue to stifle how the less fortunate spend money trying to create financial cartels around the world, but thanks to digital technologies bitcoin has revolutionized money control in the 21st!

Cons

Despite the rise of digital currencies such as bitcoin, it would be inappropriate not to disclose the disadvantages of these virtual currencies. Due to the fact that their digital footprints are encrypted, they cannot be traced online. While a person enjoys privacy and security when trading, it provides another gateway for concealing and committing illegal transactions.

If this happens, drug dealers guilty of terrorism and other faults will continue to trade illegally without detection when using bitcoins.

Pros

However, amid the monetary chaos, bitcoins provide anyone with tremendous investment opportunities and growth potential. No one controls the virtual currency because it can be accessed by the public in cyberspace, and its value continues to be assessed until society stumbles over the garbage of inflation.

The average person on the street can buy, save, trade, invest and increase their chances of becoming financially successful without the intervention of government restrictions, controls and trust rules; thus, spiraling inflation becomes a thing of the past.

Many really believe that the number one problem in our society is the creation of financial monopolies. When one corporation decides to control foreign exchange, gold and fuel, it uses its power to dictate how to spend money.

The rules set by large and affluent multi-corporations are only aimed at adding more wealth and power to their portfolio, not to the benefit of borrowers seeking financial assistance. Also, those upstairs are trying to drain the swamp so others can depend on them until they get richer, but can’t control the digital currency!

The brighter side of the coin

It’s time to open the eyes of the world, and that’s what bitcoin is all about. Those who try to rule the world are threatened by this Frankenstein, but I doubt they can stop it or make a shot. Currently, 1 bitcoin is worth 844099.07 Jamaican dollars or 6895.80 US dollars. The cost of 1 bitcoin in 2009 was $ 05!