Digital money is increasingly accepted as an alternative currency. The most popular today is Bitcoin. The exchange rate has skyrocketed in recent years. What's wrong with Bitcoin?
Some call it "gold 2.0", others call it "crypto currency." Of the many digital currencies, the most valuable and current subject is Bitcoin.Do not look for it in the form of coins or banknotes, because this currency exists only in the form of digital codes.
As a currency, Bitcoin fulfills its function as a paying tool. Now more and more companies and sellers of goods operating on the internet receive payments in this currency. But its main function today is as a tool of investment and speculation.
Just imagine, earlier this year the exchange rate Bitcoin about 700 US dollars. December 7, 2017, the value has reached 16,000 dollars, or more 200 million rupiah. That is, if you have 10 Bitcoin at the beginning of the year with a capital of 7 thousand dollars, now your money has doubled to 160 thousand dollars. A profit jump that you will not get on any other speculation instrument, unless you win the lottery.
What is the "profit" of Bitcoin?
Bitcoin is an innovative creation of the digital age in finance. What makes it popular is the ease of transacting. Anyone who owns a computer or has access to the internet can buy and sell this currency.
The next advantage, your transaction is not done through a bank or broker who demands this commission. Bitcoin can practically be transferred directly from one digital bag to another. To buy Bitcoin, you do not have to be a client in a bank. You also do not need to prove your identity or deposit a copy of your ID or passport. It's the convenience that makes Bitcoin fast popular.
In addition, the circulation of Bitcoin is a transparent circulation. This is in contrast to the circulation of other currencies known only to central banks or authorized private bank employees. In the case of Bitcoin, any currency owner can at any time know how much Bitcoin is in circulation and how much Bitcoin is owned by each party. What is unknown is the identity of the owner of that currency.
Not only that: currencies like Rupiah or Dollar are controlled by the central bank. The central bank also determines whether to print more currencies or not. While Bitcoin is not controlled by a person or an authority. The amount of Bitcoin currency is controlled only by the software.