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09May 2018

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vercome risks of Bitcoin with VPN

vercome risks of Bitcoin with VPN

Bitcoins are trending nowadays. All you need is just an internet connection and you can start mining Bitcoins. Digital money is just not the point of interest of the investors anymore, even the general public is interested. As Bitcoin reached to a price of $20,000 people started believing it to be the new gold of the 21st Century. But as it is digital money it is always accompanied by some risks one should be aware of. Let’s see the risks for Bitcoin:

1) Bitcoin has an unclear legal status:

In many of the countries, Bitcoins are considered to be legal. However, the definition of ‘legal’ varies from country to country. Some countries have announced Bitcoins as legal, but are currently issuing laws that will prohibit transactions of Bitcoins. For example, in U.S., Bitcoins are considered to be a taxable property but it is not recognized as currency whereas Belarus declares that Bitcoin is a legal currency in their country.

2) Bitcoins are always under cyber attacks:

As Bitcoins have become valuable, hackers tend to hack these to be instantly rich. Bitcoins have been the target for cyber attacks and will also be highly targeted in the near future. Hackers that steal cryptocurrencies like Bitcoins cannot be punished as Bitcoins are not tangible assets that the government could declare. All is handled digitally.

3) Bitcoin’s value is volatile

Bitcoin investements have never been a cup of tea for the faint hearted. Bitcoin investments are considered for adventurous people, willing to take all kinds of risks. Although Bitcoin is doing pretty well currently, since their launch the prices have been very volatile. They have went to lower than $1 to as high as $200 in 2015 and up to $20,000 as well.

4) Bitcoin Payments are not accepted everywhere

Even though Bitcoins are famous but they are still new. It’s been 9 years and still people do not know exactly how to deal with Bitcoins. Several service based websites like VPN allow Bitcoin payments. Considering all the legal aspects, Bitcoin is not accepted in many companies, which might likely change in future. Although Bitcoin is a risk at the current moment it might well turn into a benefit if its frenzy lasts.

Bitcoin trading is risky indeed. But if you apply few wise tricks you might well reduce the risk. A thorough research and monitoring of the trading market should be done and once decided, secure your transactions with VPN. VPN helps you in keeping your investments safe and sound. You would be untraceable with VPN as your digital activities will be hidden. VPN blocks online tracking even on Wi-Fi networks and provides a secure tunnel for your online transactions. While choosing VPN choose VPNShazam. With 700+servers over 60+ countries VPNShazam guarantees 99.9% upti

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