Reviews about Bitcoin

[sarmadkhalid45]

Every one should tell me that , is bitcoin is a good currency system or has some disadvantages. as I am new to it and come to know that there is very high fluctuation in its price.So give me the advice how much risk in getting paid in btc or $.

[Melbustus]

The price of bitcoin is going to be volatile for a while, up or down.

But it's fundamental properties make it an ideal currency. The first truly ideal currency humanity has had in a couple hundred years. The blockchain technology underlying bitcoin solves a longstanding problem in computer science; namely distributed global consensus. You need that in order to implement electronic cash without relying on corruptible/attackable central parties. Pure electronic cash has been theorized for decades, and various attempts made, but bitcoin is the first to actually do it right.

Until bitcoin, humanity has hacked existing money to make it portable over distance/electronically. We now need no hacks. Bitcoin does it natively and elegantly. That's what the excitement is all about.

[romneymoney]

New to Bitcoin? Start here!

[Acidyo]

Sort of an uneccessary poll, but alright.

[Cryptopher]

Every one should tell me that , is bitcoin is a good currency system or has some disadvantages. as I am new to it and come to know that there is very high fluctuation in its price.So give me the advice how much risk in getting paid in btc or $.

Bitcoin can be good and still maintain some disadvantages, the two are not mutually exclusive.

You're right, there is a lot of fluctuation in price, but the number of bitcoins you hold will not fluctuate, unless you trade. I know a few people that believe in holding coins and so far they are proving to be doing quite well.

Personally I wouldn't risk being paid in bitcoins, least not my whole wage. I always have the option to go out and buy bitcoins with my existing wage.