Several factors to consider in BitCoin investments

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The world managed to create a scene with the phenomenon of BitCoin. Because, many people become rich after BitCoin exchange rate increases. Actually, what is BitCoin?

BitCoin exchange rate has increased, making many people suddenly become rich. This fact can shock the world because of the emergence of new billionaires after the successful BitCoin investment.

But in other words there are things to note during the investment? Check out some of his reviews as quoted from some facts.

Here are some things to note

1. Pay attention to storage security issues
   BitCoin-hosted storage is not one hundred percent safe. You will get a virtual wallet with a private key. Although it has got protection, it becomes vulnerable because your virtual wallet is on the internet network. What if the virtual criminal violates your virtual wallet? The case that has invested in a BitCoin breakthrough that can be used as experience is a robbery in the United States. BitCoin storage is hacked and causes millions of dollars in losses

2. Beware of fluctuations in currency values.
   Although the value of BitCoin shows a positive signal with a continuous increase to date, did not rule out the value can go down at any time. Global issues greatly affect the value of BitCoin by up to a few percent! If the streak is negative, its value will decrease. Upon return, if there is a positive problem then the BitCoin value will increase

3. Be careful with cheats.
   If you just follow up and do not understand the ins and outs of BitCoin, you can be an easy target for parabolic officers. Many irresponsible people see this as an opportunity. An example is the presence of a party claiming to be a BitCoin manager, but it turns out that business is not the beginning. If you become an investor who does not understand about BitCoin, it could be stuck in a fraud case with this mode.

4. Also note the limitations of BitCoin
   Unfortunately, not all merchants in this world serve payment by using BitCoin. This fact is often the biggest problem for investors because of the difficulty of using BitCoin. The concept of virtual money is not understood globally, making it quite difficult to use it offine. The only way is to use it online which number is still limited

5. Could threaten the country's economy
   One country that is concerned about increasing BitCoin users is the declining state revenue from tax payments. Therefore, the state limits the movement of BitCoin by charging transaction and tax costs. And on the other hand, there are also countries that permit the use of BitCoin for free. However, the country is afraid that if currency shifts can threaten the economy. BitCoin does have a positive and negative side. Well, after knowing the important things in this investment, you can decide whether to vote or not. You can indeed be a billionaire in no time, but big risks must be ready for you.

IMG Source

Those are some of the reasons that need to be considered in investing BitCoin, which quoted online media.