Finance
Bitcoin: If’s and Buts – Singapore Edition
February 21, 2022
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Bitcoin is a digital currency that operates on a decentralized peer-to-peer network, rather than being regulated by a central authority like a bank or government.
Here are some of the areas that I will be paying close attention to:
What does decentralised network mean for digital currency:
Because of this, it offers users a high degree of anonymity and allows them to make transactions without the need for intermediaries. This makes it attractive to some users, as it allows them to bypass traditional financial institutions and avoid fees and regulations.
Risky? Definitely:
Decentralised network also makes it a potentially risky investment, as the lack of regulation and central oversight means that there is a higher level of risk involved. Additionally, the value of bitcoin can be quite volatile, and there have been instances of large-scale fraud and hacking in the past. Overall, the potential rewards of investing in bitcoin can be high, but the risks should also be considered carefully before making any decisions.
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Bitcoin: If’s and Buts – Singapore Edition
Bitcoin is a digital currency that operates on a decentralized peer-to-peer network, rather than being regulated by a central authority like a bank or government.
