Bitcoin, a virtual currency or cryptocurrency that is already traded in various countries, almost around the world. In order not to take the wrong step, first know the ins and outs of investing in bitcoin. This currency is controlled by open software, so anyone can do development on bitcoin without having to own the copyright or ask permission first. Starting from there, Bitcoin is used for various transactions, such as purchasing services such as games and so on. Buying and selling bitcoin is rife, so this digital currency is gaining popularity. Many people are crazy about bitcoin because its price continues to rise, even though it sometimes drops. For this reason, you need further information by visiting our official website at http://www.forexkenya.net/bitcoin-kenya.html.
If the price of bitcoin rises high, its value is very tempting overnight. But even if it goes down, it can be drastic. The ups and downs of bitcoin prices are one of the risks for bitcoin investors. Even though it often drops, bitcoin investment is still considered a money mine. If you are curious about who is the intermediary for bitcoin transactions, like banks in conventional transactions, then the answer is no. Transactions using bitcoin are said to be safe. This is because every transaction using bitcoin will be recorded and verified through a network. Then, through cryptographic techniques, it will be recorded in a public data vault.
Economic experts from all over the country have given their analysis regarding bitcoin as an economic bubble. Namely, a phenomenon where the price of a good or service rises drastically, to a very high, then crumbles like a blown soap bubble. Unfortunately, bitcoin value growth which continues to skyrocket stops there. After China banned the use of bitcoin as a means of transaction or means of payment, bitcoin value plummeted. If many investors are tempted to invest in bitcoin, then the price continues to fall, it can cause an economic bubble that endangers the country’s economy.