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The Interest in Bitcoin has surged over the last few years, everyone from governments to grandmothers to sons are talking about it, however, there is still much uncertainty on how to actually invest in it.
Blockchain technology may be the backbone of cryptocurrencies but there is much more to the technology than digital assets. Investment trade 24 is revolutionizing every other industry from accounting, supply chain management, insurance, baking, healthcare, voting systems,aircraftmaintenance,telecommunications, medicine, production lines and many others behind the scenes.
By investing in cryptocurrencies today you become part of the technology with the potential to transform the world as we have known it for better. By joining cryptoshpere you are playing a role in adding the continuing development of this innovative and disruptive technology which will benefit generations.
In March 2010, 10,000 BTC was auctioned for $50 but no buyer was found. A couple months later, L.Haynecz completed the first real-world transaction by buying two pizzas in Florida for 10,000 BTC (an amount that would be over $50m today). Fast forward 7 years and we experienced the parabolic Bitcoin rise in December 2017. Bitcoin hit its all-time-high of $19700 on the 17th December, making many early investors a great amount of profit,literally turning a lot of investors to millionaires over the night.
- Bitcoin has been the most exciting asset to invest in for decades, the profitable gains that are possible trading Bitcoin are second to none. There have been huge rises in the past and when we saw the highs of December 2017 many people would have rushed tobuy anything below $10000. Now Bitcoin is around $5000, people have lost confidence due to the past rough year – but in fact this is the time you need to start accumulating. The price is low compared to the all-time-high so it makes sense to accumulate ata low price and sell at the highs (and above).
- Bitcoin is decentralised, meaning you own the coins and transactions. Banks and other third parties are not involved and you have access to deposit and withdraw money 24 hours a day, 7 days a week. A great example of where decentralised money would be extremely effective was during the Greek financial crisis, where citizens were not even able to withdraw their own cash due to a government lock down to pay off debts. Bitcoin is available to withdraw whenever you want, no matter the situation of the government. We are in a time where people are becoming increasingly worried about their money, and decentralised forms of payment are becoming more desirable which would drive the price up.
- If every millionaire in the world wanted one Bitcoin, it would not be possible! There are only 21million Bitcoins available in total, and 17.6million have already been mined, It is similar with gold, gold must be mined out the ground and Bitcoin must be minedvia complex algorithms. Demand will increase with the years to come, and with that value increases also.
- international bank transfers are still very difficult to do, they take much longer than national transactions and the fees are much more expensive. Bitcoin removes the middle man(intermediary) and allows you to send payments anywhere in the world instantly for low fees. It allows you more freedom and privacy when handling your money, which is crucial these days. Using standard bank accounts are somewhat old fashioned, so it’s worth investing in this new piece of technology, removing barriers and allowing people to send money to each other no matter where they live.
- Investing and trading Bitcoin can be done on any day at any time. Giving you flexibility to work with your investments and no barriers. Unlike stocks you do not need to wait for the market to open to handle trades and your investments. This gives investorsand traders more freedom with their money. Flexibility is valued and traders do not want to be told when they can and cant’t trade with their own capital. Thus, this will be positive and drive the price as the flexibility is attractive to traders.
- There is increasing regulation when it comes to Bitcoin and cryptocurrencies but this is not necessarily a bad thing. With more regulation, the asset will gain trust and adoption will increase. As stated in one of the previous points, increased adoption is one of the quickest ways Bitcoin can rise in price. Investing in Bitcoin will be safer and information about the asset will be much more clear, bringing in many more investors