Reasons Why You Should Invest In Bitcoin Now
Since the inception of bitcoin, the aim is to make it a decentralized payment system. It is decentralized because it operates without a central bank. Should I invest in bitcoin now? Is it still profitable?
Considering the fact that a lot of investors have made crazy returns since the birth of bitcoin. You might want to consider investing in bitcoin. Thats just one of the many reasons listed in this article, why you should invest in bitcoin.
You must have heard and read about the significant growth in value of bitcoin. And how a lot of most people have benefited from investing in this digital gold called bitcoin. However, many people tend to stay away from bitcoin because they don’t understand it. So as a new investor, learn more about this cryptocurrency.
What Makes Bitcoins Valuable?
It may seem ridiculous to some people how one bitcoin can be worth thousands of dollars. This leads to the big question, what makes bitcoins valuable?
Bitcoins are scarce and useful.
Let’s look to gold as an example currency. There is a limited amount of gold on earth.
As new gold is mined, there is always less and less gold left and it becomes harder and more expensive to find and mine.
The same is true with Bitcoin.
There are only 21 million Bitcoin, and as time goes on, they become harder and harder to mine.
Still confused whether to invest in bitcoin? Here are some obvious reasons why you should dive into the world of bitcoin investment.
1. A very simple form of investment
Investing in bitcoin may seem intimidating, especially in the absence of information about investing and investment advice. Here’s a good news, there is enough of information about bitcoin than you can consume.
There has never been a time when investing in cryptocurrencies was so straightforward for anyone who didn’t know where to start. There are many bitcoin exchanges that give investors easy access to bitcoin. Coinbase for example, is a leading cryptocurrency exchange with over 10 million investors willing to buy bitcoin at the blink of an eye.
2. Should I Invest In Bitcoin? Most Transparent Transactions!
Bitcoin is a decentralized payment system. You are the owner of your transactions.
No third party or banks are involved who will monitor or keep a constant track of your payment records.
You have your respective wallets where you can instantly deposit or withdraw money, 24/7. This way you can trade and take your own decisions based on the market ups and downs. In this way, transparency is maintained.
3. Increase In Value
Being the new technology, Bitcoin appreciated to 30,000,000% of its value in a matter of nine years.
Bitcoin rise in value is the greatest and fastest rise ever witnessed in any asset type.
The reason behind Bitcoin’s ability to rise further and faster than any other monetary asset is ‘halving’. This is a specific design aspect built into bitcoin’s code which decreases the amount of bitcoins released into circulation by half every four years.
In 2020, Bitcoin is going to experience the third halving in its history. Thus, new bitcoins issuance to the market will decline by 50%. Furthermore, the inflation rate of the most popular digital asset is going to fall from 3.81% to 1.8%.
For the first time, Bitcoin is going to have a smaller inflation rate than the target imposed by central banks in developed countries. And this is something that could play a very important role in Bitcoin’s future price increase.
Investing in Bitcoin can provide you with an exciting opportunity to invest in an emerging digital asset class. If you are thinking about investing in bitcoin, now is a better time than ever. However, it is important that you learn how to invest in bitcoin and understand that high returns come with high risk.
Now that you’ve read all the way down to the end of the article, what are your thoughts on Bitcoin and cryptocurrency?
Do you think it’s a solid investment, a decent alternative to betting, or a terrible waste of money? I’d love to read your honest opinion below.
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