Bitcoin | Read Some Details | @growwithme

in Steem4Bloggers2 years ago (edited)


download (3).jpeg

Source of Image

Starter


In this post I will try to review on the facts of Bitcoin. What is Bitcoin, we all know this. I will review on the facts and figures about bitcoin, how Bitcoin can be profitable, how Bitcoin affect us etc. This is review post about what changes Bitcoin made.

What Changes Bitcoin Made


The Famous Currency king Bitcoin created the barriers for some people for making a bank account zero. When we open a Bitcoin wallet and we are ready to do whatever we want. Bitcoin reduced the third party's earning chance. Bitcoin did save our time, let us feel safe, because of fast, secure and less fee transactions.

There many things which are in control by someone, anybody. But Bitcoin changed the trend , this is on decentralized Blockchain and this is not controlled by someone anybody. But in nowadays we are facing Bitcoin price ups and downs because of whales of Bitcoin. They transact high amount of time this cause affect on Bitcoin price. As well as when a whale sells big amount of Bitcoin the price goes down, and when any whale purchase big amount of Bitcoin the price goes up. But this happen very less, because not everyone is able to become a whale of Bitcoin. It is not a joke.


Bitcoin's Affects


The Bitcoin reduced the transactions of a person to person, in sort of money. When they used to send money through the money order services or bank services. We can't say that Bitcoin crashed the whole process but, it affected the situation. Many of people don't know about this transaction process do use old methods for their security and pay high fee about of their transactions. I can say this, after sometime when Bitcoin will be able and get legal in most of countries then every common people will be start using this new sort of transaction. Changes never come quick. We have to face it slowly, and then attempt and apply in our lives. As the example of printer, or email we can now see that every country, and every departments of maximum countries have included email as must option. Who could tell this when the email was firstly introduced, that this new thing will be necessary for your every work in upcoming years.


Bitcoin's Advantages


Bitcoin doesn't requires bank account, it is big win for Bitcoin. Bitcoin introduced the first ever way to transfer money in sort of cryptocurrency and in very less amount of time, through internet. Bitcoin can safe and secure the world through the secure and safe transactions. This currency is run by people, the community of people run it. No one have personally charge of Bitcoin as, CEO of the companies and brands. A Bitcoin holder is the only owner of his money, whenever he want to trade he can. Untill he have loss the account of the wallet. Just the user must have to secure the account and then the account is secure. When a user starts shopping with Bitcoin, as many of websites are getting to include Bitcoin as payment method. The user can buy anything from a similar website that is website of shopping and having Bitcoin as a payment method. Then the user have fun details of the transactions and safely he can deal through his bitcoins. Bitcoin's transactions are safe, secure and anonymously happening thing. No information to include, just a wallet address and click on send, you are done.

I want to share the only disadvantage of Bitcoin that this currency is still not physical and not approved by banks. Currency have no big support. But it exists and going and going to moon.
There can be many disadvantages of Bitcoin but I don't want to share those. As everything's have advantages and disadvantages so this topic needs a separate post.


I hope you like my struggle.

png_20220724_182839_0000.png

Sort:  
Loading...
Your post has been successfully curated by our team via @steemdoctor1 at 30%. Thank you for your committed efforts, we invite you to do more and continue to post high-quality posts for a chance to win a valuable upvote from our curating team and why not be selected for an additional upvote later this week in our Top Seven

Note: Always use the tag #fintech to quickly access your post
 2 years ago 

Thank you for your support sc05 and @steemdoctor1 brother.

Coin Marketplace

STEEM 0.16
TRX 0.13
JST 0.027
BTC 58115.81
ETH 2623.89
USDT 1.00
SBD 2.42