Assalamualaikum beautiful people, welcome to my participation in #steemcryptochallenge.

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Let's start it from the last topic, Bitcoin Uses.

Bitcoin Uses:

Bitcoin is the first every way to transfer money faster using internet. This is the greatest use of Bitcoin and the facility provided by Bitcoin.

The future of money where there is a thin layer of software around all the currency. We can just transact in the currency which is familiar with us, and take advantages of different currencies. Two of the biggest problem in the world, war and poverty are directly linked to the uneven distribution of wealth globally. Bitcoin can definitely help optimize how money is transferred across the planet. It can make the world more safe and equal and free.

Person can use Bitcoins for his/her Amazon and iTunes on Paxful. All he/she have to do is sell his/her Bitcoins for Amazon/iTunes Gift Cards and load it to his/her account.

Bitcoin Benefits:

It is the currency that runs on the internet, it doesn't run through the bank or any credit card company, and that's how the government controls currency through the banking system and through the traditional system. When using Bitcoin we don't need the traditional financial system.

This is possible to send money from any where to everywhere using the internet, and as we send emails it's that easy. There is no middleman possibilities, and no broker or a bank possibilities.

You are the only owner your money, this is the biggest benefit. If you have money in bank then you don't have full control on it, bank pays government taxes some time automatically without your permission. The fact you are not controlling your money. And there Bitcoin gives us a huge possibility of owing of our money.

The transaction which is done in Bitcoin, it is safe. No matter how much bigger amount or how much lower amount of Bitcoin is that.

When you are shopping with Bitcoin no merchants can charge extra fees without giving information. This was the problem in some cases, where at last moment the shopkeeper ask you the big amount from the earliest amount, which he told you lower to must make a deal.

When we are transferring money to any one using Bitcoin, we don't need to put any identity, email, personal information and bank information et cetera. It is totally anonymous transaction and the sender remains hidden.

Bitcoin is safe from illegal activities and corruptions. It is saving us from corruption, and other illegal activities.

Negatives of Bitcoin:

It is not acceptable currency every where, only few people or merchants aware of it. So this is little difficulty which can faced using Bitcoin.

If any problem arrives with your computer, and you have lost your Bitcoin wallet information document because of any virus or problem. OR Any one get successfully your wallet information while stealing or any thing else, Bitcoin will be lost.

When asking for a refund from any online merchants, the changing price of Bitcoin makes confusion in getting the refund.

It's value is not approved by any central bank, and Bitcoin is also not physical. These few things make people to think Bitcoin as a not trustworthy.

Conclusion:

But I love Bitcoin, after knowing it's all uses, advantages, negatives and how Bitcoin works. I am pretty sure that Bitcoin is no need the attention of central banks, they will automatically attract with Bitcoin in near future. Again, technology is not good or bad in itself it is on us, and on how we use it. Bitcoin is the king of all currencies, and it will remain. So I love Bitcoin!

The price of Bitcoin (BTC) will be 13445 USD.

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Thank you all for reading. I will try to share something more interesting next time, inshallah.
@abdt!
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