Bitcoin sure carries some risks with it, especially after falling below the $8,000 mark. However, the value of this cryptocurrency has surpassed the price of oil and has been 10 times higher than the post-Brexit exchange rates.
In order to access the Bitcoin, you need a private key which is the same as a password only it cannot be reset. If you lose it or someone steals it, you lose the Bitcoins as well. As far as the structural immunity of the system goes, it seems pretty safe from hacking risks. Can someone hack into the blockchain? Well, in theory- yes, but it would require an immense computing power.
Bitcoin is not the easiest currency to invest in, and because of that, it is a target of scams. So be prepared and watch out for scam adverts regarding easy money-making with bitcoin.
You should, however, be prepared for the many risks this investment brings.Bottom line, Blockchain tech is relatively safe and so as trading and investing in bitcoin is too.Maybe the best idea before you do decide to invest in Bitcoin is to do all the research and reading and then decide.
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