Bitcoin has recently come under discussion as the value of the currency has skyrocketed to record levels. As a result, many people are inclined to buy this bitcoin.
How secure is Bitcoin trading?
Asked about the reason for the recent rise in prices, he said: "A few days ago it was a thousand dollars. Before that it was a hundred dollars. In a year the price went up from one hundred to one thousand dollars. Then in a few months it went up to 19 thousand dollars. Not Behavior ".
He said that now many people are investing behind it for more money. In such cases, many people will be in danger if these people suddenly leave the market.
The economist warned: "This is our concern. Since there is no authority here, there is no opportunity to supply more money. So there is no mechanism to control it when it collapses or goes up."
How is this currency monitored?
"Its biggest weakness is that it has no authority, no central bank with which to say I can get something in return," said economist Mr Mansour.
He said if someone has Bitcoin which he bought for five hundred dollars and if he wants to sell it for 19 thousand dollars, he has to buy it only at that price.
The way goods or services can be bought with money, can they be bought with bitcoin?
Economist Mr. Mansoor said, "It can be bought. If a person has such a product or service, he can sell it for Bitcoin if he wants. It is possible to buy and sell online with Bitcoin in the same way we are shopping online with e-payment system."
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