What makes Bitcoin different is the user has freedom, anonymity and security. It is a convenient way of dealing with monetary transactions without one having to use actual paper currency. You don’t need credit or debit cards to make money transactions when using Bitcoin and can easily send money across borders without the high fees typically associated with PayPal, Western Union and other money transfer companies.

1. Bitcoin – Does it Really Offer the Freedom it Promised
One of the fastestgrowingfinancialsystemsis Bitcoinor the growingconceptarounddigital currency.
Bitcoin,Dogecoin,Litecoin,NXTcoinor otherwisebicoinreferredtoasAltcoinsisanew way of doing
financial transactions.Itisanevolvingconceptgaininginpopularityeveryday.People fromall different
parts of the worldandindustriesare gettingusedtothe conceptof bitcoinandare findingittobe a
convenientandsafe alternative toconductfinancial transactionswithouthavingtodeal withphysical
money.Forpeople lookingtofindabetter,more efficientandmore secure waytocarry theirday-to-day
money,Bitcoinisapromisingnewtool.
What makesBitcoindifferentisthe userhasfreedom, anonymityandsecurity.Itisaconvenientwayof
dealingwithmonetarytransactionswithoutone havingtouse actual papercurrency.You don’tneed
creditor debitcards to make moneytransactionswhenusingBitcoinandcaneasilysendmoneyacross
borderswithoutthe highfeestypicallyassociatedwithPayPal,WesternUnionandothermoneytransfer
companies.Thisfinancialfreedomisjustone of the importantadvantagesAltcoinshave over the
traditional monetarysystem.Bitcoinbeinga
virtual currencycan be easilyusedandthe
technologysurroundingBitcoinandother
coinsoffertremendouspromise inthe
financial world.
Bitcoinismore than justa tool or a simple
currency.In fact,Bitcoinisa completelynew
wayof thinkingaboutmoney.Itisan
innovative conceptandmodel thatisbeing
toutedas the future of moneyaroundthe
world.However,there are skepticswho
doubtitsefficacyandglamor.As withthe
airplane,television,VCR’s,CD’sandeven
Netflix,witheverynewchange comesalotof resistance andcriticism.The conceptof Bitcoinfallsinto
the same kindof game changingtechnology.Bitcoinandothervirtual currenciesare gainingin
popularitygrowingrapidly. It’sonly amatterof time thatdigital currencywill begintocatchup and
perhapsevenchallenge traditional monetarysystem.
There isheightenedmovementregardingimposingregulationsonBitcoin.Althoughitisconsideredto
be free fromany such constrictions, the future of governmentsneedingtocontrol,orat the very
minimum,tax digital currenciesisbecomingacommonconversation.Bitcoinhasevolvedfromahobby
and novel concepttoa professional andworldwide outlookonthe future of money.Inmanyways, the
growthof Bitcoiniscomparedto thatof the Internetitself,whichisthe mediumusedforthe virtual
transactions.Beinganopensystem,anybodyhasthe abilitytodirectlyconnecttothe system.Onlytime
will tell,butHistorydefinitelyhasahistoryof creatingnew and innovativewaystocreate change in
everytype of industry.Bitcoin,orAltcoinsisdefinitelyagame changer.