#6 The Cons

Bitcoin currency is volatile. Since the progress of this year, Bitcoins have been valued at $8 to 1BTC while and now it is close to $105 per BTC. Since there is no centralized regulatory body, the supply and demand of BTCs have gone up for toss. 

The problems with any digital currency including BTC are its vulnerability to hacking, confusion among users, oscillating interest levels and finally the high volatility.

Because Bitcoin transactions are not easily traceable, it may become a medium for laundering money and for all manner of illegal online transactions such as buying drugs.

#5 Using Bitcoin

Bitcoin is gaining grown rapidly but it’s still to reach most major retailers across the world. There are not online or physical stores in the country that are accepting Bitcoins right now. However if you want to use your Bitcoins for donations and purchases, you can do it on goo.gl/Pf6ppa and to view physical stores where the virtual currency is valid, check www. coinmap.org.

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