Is Bitcoin safe?

Bitcoin has reportedly been operating in restricted grounds because it has created a series of controversies among the “high” society and savvy digital investors. These digital marketers are trying to get their share of the billion-dollar-a-day digital pie as corporate society seeks to curb the spiral price hike as a “monetary menace”. Some trying to take advantage of the poor and vulnerable don’t have it as they try to inoculate the masses in an attempt to overthrow this growing “digital monster.”

These seemingly corporate crooks continue to put a choke-hold on how poor profits spend their money as they try to build financial cartels around the world but thanks to digital technology, Bitcoins changes money control on the 21st!

The Cons

Despite the rise of digital currencies such as Bitcoins, I will not disclose the cons of these virtual currencies. Due to the fact that their digital footprints are encrypted, they cannot be tracked online. Even if one enjoys privacy and security when doing business, it provides another gateway to hide and conduct illegal transactions.

If this happens, drug dealers, terrorists and other suspected criminals, will continue to conduct their illicit trade without being detected when Bitcoins are used.

The Pros

However, amidst the financial turmoil, Bitcoins offer anyone many investment opportunities and growth potential. No one controls the virtual currency because it is publicly accessible in cyberspace and the value continues to appreciate as society stumbles upon the devastation of inflation.

An ordinary person on the street can buy, save, sell, invest and increase his or her chances of being financially successful without interfering with government restrictions, controls, and fiduciary regulations; so spiral inflation has become a thing of the past.

Many believe that the number 1 problem in our society is the establishment of financial monopolies. When a corporation decides to control foreign exchange, gold, and fuel, it will use its power to dictate how the money will be used.

The regulations set by large and wealthy multi-corporations are only aimed at adding more wealth and power to their portfolio rather than benefiting borrowers seeking financial assistance. Plus, those at the top will try to clear the mess so that others can trust them as they become richer but they can’t control the digital currency!

The Brighter Side of the Coin

It’s time to open the eyes of the world and that’s all about Bitcoin. Those who tried to control the world were threatened by this Frankenstein but I doubt they could stop it or call the shots. Currently, 1 Bitcoin is worth $ 844099.07 Jamaican Dollar or $ 6895.80 US Dollar. The cost of 1 Bitcoin in 2009 was.05 USD!