Is Bitcoin safe?

Bitcoin is reportedly entering forbidden territory as it creates a wave of controversy between “high” society and savvy digital investors. These digital marketers are trying to earn their share of the billion-dollar-a-day digital pie as corporate society seeks to reduce the spiraling value of what appears to be a “monetary threat.” Some who strive to exploit the poor and vulnerable are not having it as they try to inoculate the masses in an attempt to suffocate this growing “digital monster”.

These seemingly corporate criminals continue to keep a close eye on how the less fortunate spend their money while trying to build financial cartels around the world, but thanks to digital technology, Bitcoins have revolutionized money control in the 21st!

The Cons

Despite the growth of digital currencies like Bitcoins, it would be remiss not to reveal the drawbacks of these virtual currencies. Due to the fact that their fingerprints are encrypted, they cannot be tracked online. While one gets the pleasure of privacy and security when trading, it provides another gateway to hide and conduct illicit transactions.

When this happens, drug dealers, terrorists and other suspected criminals will continue to ply their illicit trade undetected when using Bitcoins.

The pros

However, amidst the monetary chaos, Bitcoins offer anyone enormous investment opportunities and growth potential. No one controls the virtual currency as it can be accessed by the public in cyberspace and the value continues to appreciate as society stumbles through the remnants of inflation.

The average man in the street can buy, save, trade, invest and increase his chances of financial success without the interference of government restrictions, controls and fiduciary regulations; therefore, spiraling inflations become a thing of the past.

Many truly believe that the #1 problem in our society is establishing financial monopolies. When a corporation decides to control currency, gold, and fuel, it uses its power to dictate how the money should be spent.

The regulations put in place by large and wealthy multi-corporations are only geared towards adding more wealth and power to their portfolios rather than benefiting borrowers seeking financial help. Also, those at the top are trying to drain the swamp so others can depend on them while they can get richer but can’t control the digital currency!

The brighter side of the coin

The time has come for the world to open its eyes and this is what Bitcoin is all about. Those trying to control the world are threatened by this Frankenstein, but I doubt they can stop it or tell. 1 Bitcoin is currently worth 844099.07 Jamaican Dollar or 6895.80 US Dollar. The cost of 1 Bitcoin in 2009 was 0.05 USD!