Like any other currency, there are advantages and disadvantages with using bitcoin.
Merits/Advantages
- Global currency which can be exchanged anywhere, anytime
- Not subject to banking regulations, capital controls, government oversight
- Transparent and neutral
- Limited transaction fees
- Full control of funds
- Growth in institutional acceptance
- Fast transactions
Demerits/Disadvantages
- Subject to controlled supply
- Bitcoin valuation fluctuates
- Ongoing development
- Lack of recourse
- As with every digital currency, security is always an issue
As Bitcoin market becomes more common and popular, the above conditions may change.
(Forex Broker)
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...