Bitcoin;The Future Currency, Today!

You may be hearing,  reading about bitcoins or cryptocurrency recently, You may be curious on what this is about, so let's give you some enlightenment and some history about Bitcoins.

In January 2009, the bitcoin network came into existence with the release of the first open source bitcoin client and the issuance of the first bitcoins, with Satoshi Nakamoto mining the first block of bitcoins ever (known as the genesis block),

When Bitcoin started a guy named Koch bought 5,000 bitcoins in 2009 for $27, now worth $123,446,50.00 US Dollar or 613,714,274.75 Philippine Peso.  what a lucky guy!. Kristoffer Koch was writing a thesis on encryption in 2009 when he spent about $27 to buy 5,000 bitcoins, much better than saving $27 in your bank.

Bitcoin is also decentralized, meaning that there is no specific bank or goverment who controls it, every payment that is being processed is going through blockchain, "blockchain is a ledger in which all the transactions in bitcoin are being recorded".
Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application.

What are the pros and cons of investing in Bitcoin?

Pros

with cryptocurrency being popular, a lot of cryptocurrency also comes out aside from bitcoin but the most stable and "high valued" is bitcoin itself, it is also gaining more popularity as days pass and the price is still soaring high as of this very moment.
You can keep your bitcoin in online wallets in which you can access easily and safely, some of the
most popular wallets are coinbase.com and coins.ph.
Instant transaction, sending payment using bitcoin is like paying real cash in an instant without you swiping any cards or showing cash to the registrar.

Cons

with Bitcoin as cryptocurrency, the worry is still there that fraud may happen and people can be scammed with no guarantee of getting their bitcoins or getting their bitcoins hacked, these are the facts that are proven and with bitcoin being used for illegal activities, this can also give you second thoughts in investing/mining or acquiring bitcoins.
It may be risky, but as they say, You cannot achieve anything if you won't take the risk. On my perception, it will still depend on how you educate yourself before pushing through any investments, reading more about bitcoins and cryptocurrency helps in easing those doubts.

If you decide to get started with bitcoins


you can drop by these website for your wallets
https://coins.ph/m/join/8erhah
www.coinbase.com


and some websites for some satoshis/faucet
http://moonbit.co.in/?ref=48ae914b54eb