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For those of you who are accustomed to doing business online, you may have heard of Bitcoin. Bitcoin is a digital currency that is obtained by 'mining'. The difference with actual mining is, you are mining with your computer. Your computer acts as a calculator to break blocks, which you will get a bitcoin reward.
Bitcoin is currently one of the most popular currencies used by foreigners. Even merchants who use Bitcoin as a means of payment also already exist in Indonesia. Bitcoin itself becomes a warm conversation. At its all time high, the Bitcoin price was once equivalent to one troy ounce of gold.
Currently Bitcoin value is still very high. One bitcoin is equivalent to more than US $ 1100. With its success, today many emerging similar currencies. Other examples of cryptocurrency are dogecoin, litecoin, mrai, dashcoin, and many more.
Media class Bloomberg also took part in discussing about bitcoin phenomenon. Why do foreigners love bitcoin? Check out the reviews below.
- Facilitate payment
For some countries like China, it is difficult to spend their renminbi money abroad because of the policies of the Chinese government itself. It is intended that the occurrence of capital outflow can be prevented. But for the people themselves, it could be a problem for those traveling abroad.
Cryptocurrency does not have any monetary policy restrictions from any country, so it is simpler to travel abroad. Using bitcoin does not require physical transactions, making it easier for customers to transact. Compared to currency where you have to change your rupiah currency in money changer first, then cryptocurrency is more reliable
Slowing of bitcoin growth
The 'mined' system is essentially arranged in such a way that the longer the digital money acquired the more difficult it becomes. For cryptocurrencies such as bitcoin, of course, it can keep its value, because the demand for this digital currency will remain in existence for merchants who want to use bitcoin as a means of payment.The more accepted the global community
As mentioned earlier, bitcoin has been accepted as a means of payment. If cryptocurrency continues to be used to purchase real goods and services, then the demand for this digital currency will continue to be maintained.Very easy opening of accounts
Unlike a bank account that is complicated enough to register, opening an account to accommodate cryptocurrency is very easy. Even the currency of Mrai requires only active telegram medsos. As for bitcoin, each website provides different and more complicated conditions, but it's still not as difficult and as inconvenient as registering an account at a bank.
But with all that ease, you should be careful of the use of cryptocurrency as a means of payment. There are some shortcomings that you should be aware of.
Not all cryptocurrencies can be used as currency
Currently, the most easily accepted as a means of payment is bitcoin. If you 'mine' or use other cryptocurrencies, then you have to be very careful. Do not be fooled by an offer to buy another cryptocurrency.
Not worth investing
It is true that the value of cryptocurrency capitalization increases over time. But the fluctuation is very unpredictable because no one country controls this digital currency. Do not let your inexpensive offer to invest in cryptocurrency. Use it for easy payment or as your side income.
Easy to use for investment bodong
In the absence of a regulator that controls this digital currency, there are also many outstanding investments by using cryptocurrency. Ponzi schemes and money games thrive thanks to this digital currency. Beware of investment offers using cryptocurrency. No money is easy to get.
Now be careful with this investment bodong, so learn about finance.