The bitcoin phenomenon
For some, it represents the currency of the future, for others, a new bubble with the prospect of bursting, a perfect setting for cybercriminals and a major environmental problem since according to cryptocurrency analyst Alex de Vries , a bitcoin transaction consumes as much energy as a Spanish home for a week.
But, beyond opinions, what is bitcoin and why do you hear more and more about this cryptocurrency? In the following points, we want to explain its origin, characteristics, advantages, disadvantages and reasons why it generates both attraction and distrust among consumers.
A meteoric race
Goldman Sachs warned a few days ago that bitcoin could reach $ 8,000 by the end of the year, a prodigious revaluation for a digital currency whose existence dates back to 2009 and which has suffered significant setbacks throughout its short existence.
And it is that, since eight years ago a person or group of people created the first cryptocurrency under the pseudonym of Satoshi Nakamoto , the new electronic currency, the protocol and the network that support it have suffered several cyberattacks that have put into question its effectiveness.
However, the rise in the price experienced by the cryptocurrency has focused the interest of those who, until now, viewed the new currency with suspicion as it constitutes an asset so unpredictable and stable as to represent a reliable exchange mechanism, now, everyone wants make money with the Bitcoin network.
Advantages and disadvantages of bitcoin
The freedom of payment, the absence of intermediaries in transactions as well as fees, the one that is not controlled by any State or bank, the immediacy that it provides to users and that, according to its defenders, its forgery or duplication is impossible thanks to a sophisticated cryptographic system are some of the most alluring features of digital currency.
To these, there are many others, of course, among them that transactions with bitcoins are irreversible, that the money belongs exclusively to the user in such a way that it cannot be intervened (which has led to the denomination of "safe haven value" when the crisis looms) and that it is not necessary to reveal your identity if you do business with bitcoins in between.
Precisely, this last point constitutes the reverse of virtual currency, since its use by groups that carry out illicit and criminal activities is common, especially for the purpose of money laundering.
In short, many lights and shadows hang over a coin that, without a doubt, you have only just begun to hear about.
Did you know that Bitcoins can be loaned? There is also the option to lend Bitcoins as well as microcredits , that is, you can borrow Bitcoins using a Bitcoin Credits network. The fundamental difference is that there are no banks involved. If you have a lot of Bitcoins and you want to earn interest on them, then you can directly lend them to someone else who needs it. You can automatically earn good interest on your Bitcoins every month.
I prefer a mini-credit
If you are one of those who do not trust this virtual currency or simply continue to prefer to use the money of your whole life, you can always request a credit in CréditoSí . We are here to help you cope in a moment of specific liquidity since requesting a loan can get you out of trouble.
In addition, we offer you a first microcredit for FREE !!