In addition to having a lot of extraordinary impact among the world community, surely we all know how the Dark Side against Bitcoin, Bitcoin is currently a concern because with all its decentralized and unbounded advantages in the system of transactions and ownership. But on the other hand, it is reaping the dark side of the digital currency.

I think Bitcoin is very useful for criminals who want to hide money from their crimes. Because if they save money in the bank, the money from the crime can be easily traced. Bitcoin can also be abused by people who want to hide their income from government, and avoid paying taxes. Then, the state revenue from the tax will be lost because of the money that is not tracked. Not only in the criminal acts alone, the most basic lack of Bitcoin also occurs because of its unreal form.

Not to mention the instability of the value of Bitcoin currency if converted to other conventional currencies are very volatile. Today, maybe the owner can be very rich by having Bitcoin worth 1,000 US dollars. However, who knows if in the future the value of money is only left 50 US dollars.

some minor events that cause huge losses for Bitcoin owners. A man once lost about 600 US dollars for doing a reset on his smart phone and in fact, he accidentally permanently remove the Bitcoin digital wallet.

A number of online platforms are testing the payment with Bitcoin currency, among others WordPress, Reddit, Namecheap, Mega, and Zynga. However, some countries even banned transactions with Bitcoin. The Chinese government, for example, forbids all financial institutions from receiving Bitcoin transactions. While the EU rate Bitcoin more easily stolen. In terms of investment is also bad because the currency is determined only based on market demand and has a high fluctuation rate.

Currently, the number of online platforms is testing Bitcoin payments such as Wordpress, Reddit, Namecheap, Mega, and Zynga. However, some countries even ban the transactions with Bitcoin. The Chinese government, for example, forbids all financial institutions from receiving Bitcoin transactions. On the other hand, the EU considers Bitcoin more easily stolen. In terms of investment is also bad because the currency is determined only based on market demand and has a high fluctuation rate.

Income tax department surveyed the major bitcoin exchanges in India. The survey reports said, this was done to collect information about transactions and check whether there was a risk of tax evasion. It was reported that the income tax department is set to issue notices to about 5,00,000 high net worth individuals trading on the exchange across India. This comes at a time when there are still no clear regulations on cryptocurrencies and bitcoin exchanges.

Parallel currency- eg. Italy are currencies isued by the state.as an official second currency alongside legal tender currency and can also be designated as legal tender. It can be stable,hard currency that is used alongside weak national currency. On the other hand a weak national currency can be used as a parallel currency in order to stimulate the national economy and to make export economy compititive again

as an official second currency alongside legal tender currency and can also be designated as legal tender. A parallel currency can be a stable, hard currency that is used alongside a weak national currency, to combat hyperinflation in the national currency for example. On the other hand, a weak national currency can be used as a parallel currency in order to stimulate the national economy and to make the export economy more competitive again.

of course, we all see that all markets are red and there are some fears of getting down more and more in the following days. but on the other hand, no one can ignore that bitcoin is the leader of all the crypto market, so if it down the whole market will go down as well, so it is too hard to believe that it will die that easy
and the major investors of it will not allow this to happen.
what do you think, am I right?