What is the magic of bitcoin? Is if, until it appeared in financial and virtual world there wasn’t any reliable payment systems that do not have storage options of their capital? Sure, but bitcoin is a breakthrough.
Why people choose bitcoin? First, it is reliable, and secondly, the transactions between bitcoin wallets and the other accounts occur almost instantly, despite the huge distances, which can be participants of the system. Thirdly, transactions are performed without any restrictions and censorship.
Bitcoin is decentralized, nobody controls it and it belongs to no one, therefore, all decisions on transactions, settlements and objects of interaction party system takes alone. This is very convenient because bitcoin has no third parties, and owners of the wallets controlled by no one and does not record user information.
Bitcoin worth to choose because if you have small children who are interested in how the business operates, then you can safely start businesses in the Internet. If you are a farmer from Africa, who has no Bank account, but you want to get paid for their services in virtual, bitcoin is a great alternative. And even if you are a citizen of the country in which the government maintained the tracking of transactions and movements on Bank accounts of its citizens, your capital can be kept in bitcoin, and the authorities won’t be able to receive any information about the status of your account on this system.
Bitcoin system is not afraid of inflation, so your savings will not lose its value whatever the economic situation in the country. With bitcoin there are not visible to Finance system and course depend entirely on market competition, on the activity of companies specializing in mining bitcoins or individuals who keep their savings in them.
To choose a bitcoin is worth more because it brings its owner complete privacy in a world that has long been controlled by the authorities. In fact, bitcoin takes the banks and governments control over the money, opening the opportunity to everyone to dispose of their capital as it sees fit, to make good deals and not be afraid that the money can be “taken away”.