Bitcoin seems to have all the advantages such as easy account opening, easy transaction opening, and the ability to trade from a small amount, but there are also risks.
Price fluctuation risk
First of all, Price fluctuation risk. At the beginning of 2017, 1 BTC was about 100,000 yen, but at the end of the year, the price of 1 BTC went up to over 2 million yen. However, in November of the following year, 1 BTC plummeted to the 300,000 yen level. As the market continues to move, it is possible that its value will drop significantly due to some impact.
Currency credit risk
Previously popular was a method of raising funds by issuing new crypto assets virtual currencies called ICO Initial Coin Offering, but tokens individual coins issued on the block chain that can be received in return for investment. There are many cases of fraudulent cases, such as the existence of is false, or the project disappears by collecting only funds. Such acts can lead to loss of credit for the entire crypto asset virtual currency. Also, in 2017, you may have heard of a cryptographic asset virtual currency called Bitcoin Cash that was created by branching hard forking from Bitcoin. There are some who fear that a large number of Bitcoin branching plans that are currently in use will undermine the trust of Bitcoin itself.
And exchange risk, It is no exaggeration to say that an exchange that holds a large amount of crypto assets virtual currency is targeted by hackers day and night. The exchange itself has taken security measures, but the hacking has actually caused damage. There seems to be a crime such as the Mount Gox case, in which crypto currency is extracted by a person involved in the exchange. For that purpose, it is necessary to collect information and use a reliable exchange. Anon-System is best site where you can get detail of the trading.
Money management risk
Cash management risk, managing crypto assets virtual currencies funds such as Bitcoin is synonymous with managing a secret key. Cryptographic assets are also called crypto currencies and use complex cryptographic technology. In particular, it is famous for being realized by combining a public key like an electronic padlock and a private key imagine the key for opening the padlock. If your private key is illegally used by someone, as with a padlock, you should lose all your crypto assets virtual currency. It is said that there are a considerable number of Bit coins and crypto assets that have been lost, stolen, or misused due to sloppy management of private keys or mismanagement. When you have crypto assets virtual currency, you need to be very careful about how to manage them.
Bitcoin, which had an annual turnover of 7.9 billion yen in 2014, has grown rapidly, far surpassing the common sense of finance, and boasts a turnover of nearly 5 trillion yen in March 2020 alone.
In recent years, its momentum has also affected the IT industry and the financial industry. In other countries, SBI Holdings' SBI Virtual Currency's, which owns SBI Securities, a major online securities company, and GMO Internet Group of a major IT company, It is registered with the Financial Services Agency as a crypto asset virtual currency exchange operator operated by 23 vendors such as GMO Coin and Money Partners whose main business is foreign exchange margin trading.
You believe that crypto assets virtual currencies have entered a new growth stage with the revision of the Financial Instruments and Exchange Act and the Fund Settlement Act.
After 10 years, will bitcoin be used in everyday life?
There is always a tendency to focus on price movements, but you think that there will be more spots in terms of settlement. Given that the fashion from 2017 to 2018 has settled down and the view has calmed down, you think it is almost time to review it as a payment method similar to pay.
In addition, with the declining birth rate and aging population unavoidably reducing domestic demand, an increasing number of companies are promoting business overseas, such as cross-border EC.