Bitcoin is not a get rich quick scheme

Bitcoin is not the next way to get rich quick. It is an alternative currency that offers individuals and organizations unique benefits in certain situations. Bitcoin’s value is volatile, and fluctuates in direct accordance with exchange demands.

Traditional currency is managed by a Central Bank. Bitcoin is not.

Bitcoin is your money. No central body or organization has control over it’s distribution, money supply or interest rates. Operating on pre-defined algorithms, every user has a fair understanding, and access to current currency statistics.

Banks have business hours. Bitcoins never rest.

Bitcoin are stored in personal wallets that exist physically and digitally. The end user is in complete wallet control. Users can access, send and receive funds at anytime of the day, without reliance on any services or organizations to complete a transaction. Send an receive currency wallet to wallet without subjection to business hours and institutional policies.

Banks have costly fees. Bitcoin wallets let you decide.

Banking online and in branch can be expensive. Ranging from monthly account fees, transaction fees, annual service charges and overdraft protection, all the additional expenses add up. Bitcoin wallets let the user decide. “Miner fees” are the optional rates users can choose to pay per transaction. The amount is up to the discretion of the sender, and has the potential to influence transaction time. Miner fees in turn reimburse Bitcoin miners for discovering new blocks, releasing currency in accordance with Bitcoin’s predetermined algorithms.

Banks monitor account security. Bitcoin wallets put the security in your hands.

Any account holding digital currency previous to cryptocurrency technology ensured the service of an organization. Digital currencies such as Bitcoin allows users to manage accounts and digital transactions without the reliance of a third party service. This ensures total control of all aspect including security. In the Bitcoin ecosystem, you have the power to ensure security procedures are up to personal standards.

Banks control your information. Bitcoin wallets protect your identity.

Bitcoin wallets are be generated & deleted at the click of your mouse. Sidetracking personal data entry, Bitcoin’s are stored in places absent of your name, addresses and other private information protecting against hacks and other unnecessary breaches. In a world where protecting identity presents new challenges, Bitcoin offers personal account management without linked personal data, eliminating the chances of an organization leaking confidential information.

Financial services are limited. Bitcoin Services are equally accessible.

Traditional financial services are limited to geographic locations and financial status dependent upon the nation. The Bitcoin ecosystem is equally accessible to anyone, anywhere in the world with an internet connection and network ready device. Peer to peer networks are revolutionizing the way we transfer digital payments and remit financial assistance to nations lacking infrastructure.

Face it, financial services are dated, Bitcoin invites innovation.

Today’s financial services discourage innovation and utilize dated technology. Bitcoin focuses on open source innovation, and equal opportunities for progression. Anyone can develop services and contribute to the Bitcoin community without the limitations and barriers of entry in the current monetary system.