Bitcoin curb warnings in economics by economists.

Recently the Bitcoin coin was discussed because the value of the currency was increased by the record quantity. As a result, many are going to buy this Bitcoin. But some of the experts are warning about this.

What kind of Coins are actually bitcoin?

It is often heard that international hackers are demanding ransom by hacking different computers and they are asked to pay the ransom, in Bitcoin.

Bitcoin is a kind of crypto-currency or a virtual currency. The price of the currency is only in the rise. Tuesday was about $ 19 thousand, where the price has fallen around 17 thousand this morning.

Although in reality it does not exist. Programming is done through the internet system, which can be bought if you want.

Ahsan H Mansur, executive director of Policy Research Institute, an economist and research institute in Bangladesh, said, "It is programmed in a specific system on the Internet system, which can be bought if needed. Every year, it can be increased in a little bit. Not ".

How are these coins sold and sold?

Economist M Mansoor told BBC Bangla's Mizanur Rahman Khan, "It is a coin which is not issued to any central bank or any country, some people have developed this system using the internet system, it can be called a gamble, on which maybe my money I can do something profitable, for which most people are running behind it ".

How is this currency monitored?

"Its biggest weakness is that it has no authority, there is no central bank with whom I can get something in exchange for it," said economist M Mansur.

He said that if someone has Bitcoin that he has bought for five hundred dollars and if he wants to sell it for $ 19,000, then he will have to buy it at that price only.

How can the goods or services be bought with the currency, which can be bought with bitcoin?

Economist Mr. Mansur said, "It can be bought and sold by Bitcoin online, as it is possible to sell such bits for sale if they have the option to offer such products or services to them."

How secure is the transaction in bitcoin?

"It was worth a thousand dollars a few days ago," he said, referring to the recent increase in price, even before he was one hundred dollars in a year. "It's worth a hundred to one thousand dollars in a year, then it's worth 19 thousand dollars in a few months." Behavior is not"

He said, many people here are now investing in this for more money. In such a case, when these people suddenly withdrew from the market, many would be in danger.

The economist warned, "It is our apprehension that since there is no authority here, there is no scope for supplying more money." So it does not have any mechanism to control when it collapses or moves upwards. "

He said, the central bank of Bangladesh is saying, do not invest in bitcoin. It's not an authorized currency. It should not be worth investing in it.