Advantages and disadvantages of bitcoin

Before deciding how profitable it is to invest money in bitcoins at the moment, it is important to understand what advantages and disadvantages there are for this digital currency. Everyone can relate to it in their own way, but there are a number of characteristics that you can not argue with.

Among the pros of bitcoins specialists usually call the following:

No restrictions - the user at any time can make a deal using bitcoins, without any limit on the amount.
Transparency - at any time, a network member can trace the entire chain of operations performed with crypto currency.
Absence of inflation. The change in the bitcoin rate occurs solely under the influence of market processes. Economic and political factors do not act on this crypto currency.
There are no intermediaries. The absence of the need to use the help of third parties leads to the fact that transactions in bitcoins are conducted cheaply and quickly.
High level of protection. Thanks to the use of Block Technology, bitcoin wallets, as well as transactions in this currency are perfectly protected.

It is important to understand that a significant number of advantages of bitcoin does not exclude the presence of shortcomings. The main among them are:

Huge volatility. Today there are quite a few bitcoins on the market. This leads to the fact that any transaction for a large amount can significantly affect the course of the crypto currency. Often this entails significant losses. On the other hand, this is an excellent opportunity to make money on these fluctuations.
Anonymity for someone may seem like a plus. In fact, it makes the currency vulnerable to those who earn crime. Moreover, having lost access to the wallet, it is unlikely to be restored.
Prohibition of use by the state. In Russia, draft laws on the circulation of crypto-currencies are being developed. Some even express an opinion that it will be recognized in 2018. However, it is not yet clear whether this will happen or not.

In fact, the attitude to the crypto-currencies is ambiguous today, the opinions of experts about them are divided. Therefore, some may call some advantages disadvantages and vice versa.

To buy or not bitcoins in 2018: for and against

Since the first issue, and to date, there has been a significant increase in bitcoins. Therefore, for many questions to buy or not, this currency is simply not worth it. However, this approach is not always true.

Initially, when creating bitcoins, the maximum number of them that could be released was 21 million. It is assumed that in the near future the emission of the crypto currency will approach this figure to the maximum. It is not known what will happen after this.

Some experts predict the collapse of bitcoin. Others assume that when the maximum emission is reached, the rate of the Crypto currency will begin to change approximately the same as the real ones - to move up and down under the influence of various factors. Therefore, do not make hasty conclusions about whether it is worth buying bitcoins in 2018. It is best to weigh all the pros and cons first.

First, we give a rationale for those who call for acquiring a crypto currency:

Recently, large investors began to show serious interest in bitcoin. They treat it as a potentially profitable asset, investing in it. Many experts believe that this approach will lead to further growth of the rate and recommend investing in bitcoins in 2018.
Gradual legalization of crypto-currencies, as well as rumors that some world Central banks plan to introduce bitcoins into foreign exchange reserves, fuel demand. In combination with the limited emission, this leads to an increase in value.
There is an opinion that by the time of approaching the emission maximum, the demand for the untrained bitcoin will be huge. Due to insufficient supply on the market by this time, the price of crypto currency will be huge. Therefore, the defenders consider the current moment to be ideal when it is better to buy bitcoins.

Despite quite serious arguments in favor of investments, there are a number of circumstances in connection with which in response to the question whether to invest in bitcoin today, some experts say there is no firm:

Some "professionals" still believe that in most cases bitcoin is used only by marginals and criminals. The likelihood that the crypto currency will turn around on a par with fiat money is small.
Too high volatility and low predictability lead to the fact that bitcoins allow not only to earn huge sums, but also incur losses.
Lack of communication with the real world. In fact, bitcoins exist exclusively in the form of computer code. In case of problems with their sale, there will be no one to ask for protection.