Bitcoin and the inventor Satoshi
The name of Satoshi Nakamoto comes up immediately when the time to talk about cryptocurrency, since he created and developed Bitcoin, but beyond that, is very little that we can find in regards to him and his real identity, records shows that he was involved in the Bitcoin project since 2007 and is also believed that it was a pseudonym used to keep anonymous identity on the web, however for almost twelve years, no evidence or any other way of communication has been found for the called inventor of the Bitcoin. Nowadays, it´s known by the cryptocurrency experts and community that an estimated unspent bitcoin balance accumulated worth is around $55 billion dollars approximately and any other activity of his has been recorded since the very first one. It has been considered that his identity was mainly created anticipating a way to protect himself or trying to do so to the Bitcoin network, some people think that exists the possibility that he picked the name "Satoshi" because it´s a meaning of wisdom or reason, the Bitcoin project was registered on November 9, 2008, and it's network launched on January 3, 2009, with the Genesis block.
Nowadays, it is increasingly common to interact with Bitcoin, not only as a form of payment but also as an alternative to making investments, Bitcoin is a virtual and intangible currency, and it has revolutionized our society, investing in it can bring good profits and benefits, since it can be defined as an innovative network that allows a new form of payment, there is no central authority or intermediary, in other words, Bitcoin can be called the currency of the Internet.
Recently, many cryptocurrencies have continued to appear on the market, but Bitcoin has become the most valued among users due to it can be used to buy almost any good or service wherever it is accepted, it is a free and decentralized digital currency that permits to users do transactions without the need for intermediaries and these transactions are made as a transfer of value between Bitcoin wallets that are into the blockchain, the bitcoin wallets have a secret fragment called a private key, used to sign operations, giving a mathematical evidence that the transaction is made by the owner of the wallet, the signature also avoids it of being altered by someone once it has been completed and all of them are registered among users and usually starts to be confirmed by the network within 10 minutes through a process called mining.
Bitcoin investments have many benefits, which is why every day more users think that this cryptocurrency fits as their best option. Above all, these transactions are fast and secure, therefore, paying with this cryptocurrency does not put the user's capital at risk. In the same way, it is a very trustworthy asset to invest in, another good aspect is that its devaluation is very unlikely, since it is not controlled by the government, avoiding being affected by the usual economic standards that might cause the fall of other currencies, also it offers that its value will grow, so this investment will generate very good profits, even though there are many digital currencies on the market, this is caused by the fact that more and more institutions approve this kind of payment, however, Bitcoin continues to lead as it is one of the most well-accepted on the internet platforms, so if you invest in Bitcoin, you have the possibility to pay with this method on different web pages in a more convenient way.
It's also safe and discrete since bitcoin funds are impossible to trace, due to the characteristics of the cryptocurrency, so users feel safer with their money and have more confidence, making it a safe investment plan if we think about the multiple benefits it can be said that it is a secure investment since it is a very interesting cryptocurrency to make diverse transactions discreetly, generating a lot of trust among its users, and finally the investment will always be recovered since its value is constantly increasing. One additional benefit of trading cryptocurrencies is that there is no need for physical assets, unlike cash, it doesn't require a bank account and it's no need to keep the currency in a safe, when the exchange value between two currencies changes, the rate of the portfolio will set up according to market fluctuations.
On the other hand, there is always a risk gap and some things to keep in mind is that, for example, the cryptocurrency market could have a high volatility behavior and this could generate significant losses, which are known as market gaps. The volatility of the market can cause the values of this virtual currency to jump from one level to another without going through the intermediate level, as perhaps happens with the physical currencies commonly known in our world financial history. Its operation changes daily, new currencies and legal conditions could arise, so as an investor, it's important to decide yourself if the world of digital currencies is for you, prior to giving the first step it's necessary to elaborate on a list of basic advantages and disadvantages, is a starting point for considering the usefulness of cryptocurrencies in your investments since knowing in-depth what cryptocurrencies are and how they behave and operate will bring great help to those who have made the decision to venture into this world of digital currencies.
It is a logical and valid question if we have only seen what drawbacks the use of cryptocurrencies has, however, it is always advisable and necessary to see both sides of the coin, in contrast to its disadvantages or drawbacks, we find a series of advantages in its use that are great and makes it worthy, the world is changing by leaps and bounds and the different markets are growing so rapidly that those who do not take certain risks are in danger of being left out. It is a way to create an opportunity for people who are new to the world of trading to get started at low or no cost, also the speed of the transactions in its operations and more and more security and transparency are provided by blockchain technology, Its decentralized nature does not require the participation of third parties that mediate in the transactions makes the advantages of cryptocurrencies be over their disadvantages thanks to regulation gaining ground, and waiting for the arrival of institutions that would give a big exposure to the market and accelerate the integration of solutions in our daily lives.