Goods and Bads of a Digital Currency or Bitcoins.

[POSITIVES]
Transactions are fast, secure and global. Bitcoins enable people to maintain their records without the fear against breach in Data privacy. The main benefit is that people can create ‘N’ number of bitcoin wallets. It is not mandatory for the people to show their identities during business transactions thereby the users can maintain their finances private. Whereas in a Bank the Identity has to be revealed by the user during any kind of transaction.

[NEGATIVES]
Bitcoins Are Not Widely Accepted, Wallets Can Be Lost, Bitcoin Valuation Fluctuates, No Buyer Protection, Risk of Unknown Technical Flaws, No Physical Form, No Valuation Guarantee.

Not Everything of a kind is Positive. So for that, Take Extra Care in doing any Transactions