Advantages and Disadvantages of Trading Bitcoin and Cryptocurrencies?

Are you afraid of Bitcoin and cryptocurrencies thinking it is dangerous and only used by criminals around the world through internet?

Here is my simple view about the advantages and disadvantages of Bitcoin and Cryptocurrencies.
Let’s move on, what are the advantages to start to invest in coins?

• You are the only person to decide to invest or not. It is only your knowledge, willingness will be determinant. No brokers, no middle person is needed.
• The market is open 24/7, 365 days. Again anytime, anywhere you can monitor your investment. ( Of course Internet connection is needed)
• You have the freedom in payment to send and receive money anywhere in the world.(specially with Bitcoin)
• No limitation for transferring money. You are the only person in control of your assets.
• There is no central government or authority interfering in your trade.

Bitcoin and coins has a great degree low exchange charges compare to credits cards or bank checks. Merchants cannot charge extra fees on anything without being noticed. They must talk and agree with the consumer before adding any charges.
• In any transaction personal information is kept hidden. There can be no identity theft.
• Bitcoin can be encrypted backed up to ensure the safety of your money.
• No one can steal your crypto coins or Bitcoins unless a person has an access to your computer. Bitcoins’ ownership address can only be changed by the owner.
• All the information is transparent with block chain, all finalized transactions are available for everyone to see but the personal information is hidden.
• Anytime and anyone can verify transactions in block chains.
• There can be no manipulation by the government or any person.
• The wallet owner is the only person who can know the number of bitcoin or coins they have.

Let’s see the disadvantages

• The truth is still many people are still unaware of digital coins. They don’t understand the difference between Fiat money and digital coins.
• The people still don’t understand the difference between Forex, Stock Market, Shares and digital coins market.
• New comers should be educated about crypto currencies and start without fear.
• There are still few companies transacting with coins.
• Bitcoin and crypto coins are volatile as we have seen end December 2017. There is no sure path
to have stable market for the moment.

My conclusion:

Bitcoin and all the other coins are still in innovative stage and there will be new features, services and tools being developed.
Personally I believe that the future is bright if you start to learn and you have the willingness to move forward.
There is always a start in any kind of business. If you want really be involved, learning is the key to your success.