As the leading experts estimate, the birth of bitcoin has marked a turning point in the history of electronic payment, bitcoin brings great advantages and more than other currencies:
Convenience in transaction: If with banks or online payment service (intermediary transaction) will usually have a limit on the transfer and receive money in the day as well as time but with bitcoin is absolutely not, You can send unlimited amount, anywhere in the world at any time for relatives, friends without anyone managing the money you send.
Bitcoin can not be faked: The next advantage of bitcoin is that it can not be faked, because bitcoin does not exist in the physical form as other currencies, and bitcoin testing does not cost anything in gold. is very high.
High security and very safe: All bitcoin transaction information is displayed on the internet but the identity of the trader does not appear so the information security is very high. Up until now, the bitcoin protocol has never had a security flaw for losing a user's bitcoin.
Extremely low transaction costs: As there is no middleman managing the bitcoin transaction, cost = 0, you only pay transaction processing costs on the systems but it is very low.
Environmental protection: Bitcoin currency does not have to be used for printing or copying chemicals to make it safe for the environment. Bitcoin-based computer systems consume much less power than current financial systems.
Ecommerce Development Potential: There are now a lot of businesses, companies, stores, allowing the use of bitcoin to pay bills, every bitcoin transaction can not be returned or reversed, so every The fraudulent situation is useless with bitcoin.
The downside of electronic money is bitcoin
The number of users is not much: Bitcoin is mainly used in developed countries such as the US, China, .. and in countries such as Vietnam underdevelopment, the use of paper money, gold is familiar. And most people do not know about electronic money, some groups do not have enough knowledge, do not know what bitcoin is said that bitcoin is not reliable currency, so still afraid and worried Worried when using bitcoin money.
It is not easy to use bitcoin: Without the knowledge of the technology and the real understanding of bitcoin, it is difficult to use as well as deal with it, as described in the previous section to use bitcoin. bitcoin, and change bitcoin to cash. So for those who do not know about information technology, it is recommended that experienced people guide them to perform these tasks.
Bitcoins usually fluctuate: Like the dollar, the euro, the gold, or the stock market, bitcoins also fluctuate in real time, when they rise sharply, and then fall sharply, most of the fluctuations in the world affect the copper. Electronic money can cause bitcoin prices to fluctuate. For example, the new Bitcoin release price is only around a few dollars, but at present, a bitcoin price has risen to more than $ 1000.
Hacker, illegal money laundering: Because the form of bitcoin trading is not controlled, many criminals use this currency as a trading method. Hackers can also find and attack multiple bitcoin floors and steal, besides, money laundering can happen at any time./.
