Is Bitcoin safe?

Bitcoin is reported to be rolling into restricted areas as it creates a series of controversies among “high” society and savvy digital investors. These digital marketers are trying to get 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 seek to exploit the poor and vulnerable are not having this as they try to inoculate the masses in an attempt to quell this growing “digital monster”.

These seemingly corporate fraudsters continue to suffocate the less fortunate from spending 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 such as bitcoins, it would be remiss of me not to reveal the disadvantages of these virtual currencies. Due to the fact that their digital prints are encrypted, they cannot be traced online. While you enjoy privacy and security when trading, it provides another approach to hide and conduct illegal transactions.

When this happens, drug dealers, terrorists and other suspected criminals will continue to conduct their illegal trade without being detected when they use Bitcoin.

The Pros

However, amid the monetary chaos, bitcoins offer everyone enormous investment opportunities and growth potential. No one controls virtual currency because the public can access it in cyberspace and the value continues to rise as society stumbles over the debris of inflation.

The common man on the street can shop, save, trade, invest and increase his chances of becoming financially successful without the interference of government restrictions, controls and fiduciary regulations; therefore spiral inflations become a thing of the past.

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

Regulations put in place by large and wealthy multi-corporations are only aimed at adding more wealth and power to their portfolios, not to benefit borrowers seeking financial assistance. Besides, those at the top are trying to drain the swamp so others can depend on them while they can get richer, but they can’t control the digital currency!

The lighter side of the coin

The time has come to open the eyes of the world and that is what Bitcoin is all about. Those trying to control the world are threatened by this Frankenstein, but I doubt they can stop him or take action. Currently, 1 Bitcoin is worth 844099.07 Jamaican dollars or $6895.80. The price for 1 Bitcoin in 2009 was $0.05!