Crypto coin is more of a real investment than a means of payment.
We all know it as an apparently profitable investment if we look at Bitcoin rush in recent months, on the other side it can hide important pitfalls. Crazy high rises and falls in Bitcoin prices are frequent and therefore it is a highly speculative product. This is one of the reasons I want to alert you against investing all your savings in this cryptocurrency.
Which are the securing factor of the coins since there is no regulatory and no Bank ?
The same technological platform on which these transactions take place guarantees security and transparency. It is a revolutionary technology that has also allowed the creation of this large database for cryptocurrency transactions. A database made of network nodes connected to each other to form the chain.
So they use their interconnection, for the transaction to be successful, each block of this chain is called to see, check and validate all the others.
Each transaction on the Bitcoin network, therefore, is authorized by the network itself. This cross-check, combined with the use of cryptographic tools, allows maximum security of each transaction, and the inability of be changed of these blocks once validated allows their traceability and transparency.
Does it guarantee you ?
Not at all for sure. But the chain is so huge to prevent nodes 'agreement'.
No one can safely tell you to invest or not.
As anything in your life....just take care....
