Bitcoin is an interesting technology and a new form of money, but this does not mean the Bitcoin regardless of risk. Keep in mind that there are some rules that are the same in Bitcoin as traditional money. For example, do not store your cash under my pillow because it is easily stolen, or do not entrust your money to strangers.
Bitcoin also has other unique risks: for one man, Bitcoin is a new technology, and although it looks very solid and secure, there is always the possibility of failure. That's also why you should never enter ' all your eggs in one basket ' and don't ever buy Your treasures with all the Bitcoin. Bitcoin is more volatile (value of Bitcoin can go up and down in a short time or place) compared to other currencies, and though now the value of Bitcoin more stable, Bitcoin will surely experience a lot of volatile moments in the future come.
Remember that the transaction is Bitcoin similar cash where the transaction cannot be cancelled-so if you're submitting a Bitcoin to the wrong person, or Your Bitcoin wallet compromised and someone stole Your Bitcoin, very difficult and even impossible to take it back. Bitcoin is also not protected by any entity, so that if you lose Your Bitcoin, then your service provider or network of Bitcoin ' ' cannot replace your loss. That's why you should use a product and a trusted service provider to help you, just like when you choose bank to keep your money safely.
Lastly, the value of Bitcoin is determined by a number of people or businesses that accept Bitcoin. If the Bitcoin develops, this will be very good for Bitcoin, however if the less people using Bitcoin, then this will give negative impact on pricing and the use of the Bitcoin itself.
In conclusion, Bitcoin is a very interesting potential in changing the world, but make sure you understand the risks involved along with it
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by azharmaulana from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Congratulations @azharmaulana! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Play-off for third result
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
@azharmaulana you were flagged by a worthless gang of trolls, so, I gave you an upvote to counteract it! Enjoy!!
Congratulations @azharmaulana! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @azharmaulana! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @azharmaulana! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Congratulations @azharmaulana! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Congratulations @azharmaulana! You received a personal award!
Click here to view your Board
Congratulations @azharmaulana! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Congratulations @azharmaulana! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!