Bitcoin is an online digital currency, just like a dollar or a pound but with a few conditions. Introduced by Satoshi Nakamoto just last year, Bitcoin engages in a peer-to-peer payment system where no intermediaries exist and goods can be safely transferred between any two people on the planet. It is associated with a heavy network of computers and the unit of currency for the Bitcoin system (appropriately called Bitcoin) can be simply acquired by joining the vast network. Bitcoin gives a fast cheap and secure transaction alternative but few are willing to take the jump for it. So the one million dollar question still lingers, is Bitcoin a secure investment?

Bitcoin is only a few yoa, an interesting creation that has impressed many and for the record, has attained a name in the top financial graphs. Its popularity has spanned and possesses led some of the top businesses like Virgin Galactic to consider it as an acceptable source of payment. Bitcoin prices increase at rates all the way to 10% and continue to dominate as the leader of bitcoin news today the market and this has made many interested in investing in it.

Another special feature of Bitcoin is that it does not have a central bank and neither does a central government control it. It's a global currency and its creation and existence lies behind a complex and geeky exact criteria that allows it to shadow government related problems. Cases of political instability and government absurdities that drop the economy down to shame and lead years of investments in a currency down the deplete do not occur in the crypto-currency system. This creates a secure and friendly investment opportunity with low inflation risks.

The Downside

With an ever-amazing upside, crypto-currency also has its downs. As mentioned, this thing is still taking baby steps; and with that comes great questions. Bitcoin prices are volatile; currently increasing sharply and can go up and down at 30% to 40% in a month. The world is still surprised at its emergence and you can find very few Bitcoin cases and Bitcoin. This leads to unanswered questions and cold fear among people as choosing a new capricious 'gold mine' can yield devastating effects. Its newness brings forth lack of regulations and scares off potential investors.

The enigma surrounding the Bitcoin system is a major factor to be considered. Anything can happen and everyone participating in the Bitcoin market is on a high alert. China in November 2013 eliminated the use of Bitcoin and this led to a drastic drop to its value from $1240 to $576 in just three weeks. Programmers also determine the functionality of this global currency and many question thinking about endangering their finances for some group of geeks. This prevents many from going into the system and improves the risk of Bitcoin investment extremely highly.