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Bitcoin technology - protocols, and cryptography - has a strong record of security records, and the Bitcoin network is probably the largest distributed tally project in the world. Bitcoin's most common disadvantage lies in its user error. Bitcoin wallet data that holds private keys can be erased accidentally, lost, or stolen. This is similar to physical cash stored in digital form. Fortunately, users can apply security measures to protect their money or use the services of providers that offer high level security and insurance against theft or loss.
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I think the strategy that must be followed and we must know before investing is
Be sure to have legality.
When choosing an investment instrument do not just have a promising big profits. Select also instruments that have the clarity of legality.
No problems in liquidity. A good investment should be liquid. Because, will not complicate the owner when it will need to dilute the investment.
In investment, when investors put all the assets in one instrument, then the risk of losing and even bankruptcy is high enough.
After knowing the advantages and disadvantages of Bitcoin, now the decision is in the hands of investors.
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Whatever type of wallet is the most important thing for me is in terms of security that can be guaranteed, and I use Blockchain.info (Web Wallet)
Blockchain.info is a superior Online Wallet because of its easy access. The main advantages of Bitcoin Wallet providers are the flexibility and transparency in showing the details of the transaction. All details about your transactions can be seen clearly in Blockchain ledger.
In addition, there is a Quick Send feature which is of course accompanied by an additional charge, so our transaction will have a higher priority for confirmation. Although the Web Wallet type, Blockchain.info keeps prioritizing the user's Wallet security. This Bitcoin wallet can restore Private Key and Private Address Offline, so the possibility of Wallet is hacked very small.
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The bank is afraid of losing control. Because Cryptocurrency offers a system that restores control, and power to the real money owner, and the only way to fight for it is to show the will of people - using Bitcoin's banking services, and personal services.
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The negative media view of bitcoin by several things include:
As the virtual currency of Bitcoin is considered a negative thing, because any of its financial transactions can not be traced to facilitate crime. Drug trafficking, prostitution, terrorism, money laundering, tax evasion and other illegal and subversive activities all benefit from the ability to move money in ways that can not be traced.
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