Do you have any reasons to start investing in Bitcoin? Bitcoin is a term that most people are unaware of but thanks to media exposure the currency has been targeted by most ordinary people and also by investors who want to know what it is and check the real possibilities of making money from this speculation.
Bitcoin is a form of digital currency also known as criptomoeda . It was developed as open source software by an individual or group of individuals using a pseudonym of ” Satoshi Nakamoto ” . The software was developed in 2009. So in essence it is a form of digital currency that has no banking intermediary in trading, and is very different from the physical forms of the currency that we are accustomed to trading in.
Bitcoin uses encryption to ensure security and regulate the use and generation of new currencies. It makes use of a technology that is revolutionizing the financial market called blockchain that record each of your transactions.
It’s like a public book that records all transactions to the current date. It does not disclose any personal records, but displays financial transactions for the public to view. Today’s financial transactions happen mostly through intermediaries such as banks, payment gateways, payment networks, etc. Bitcoin can, through its systems, get rid of intermediaries and reduce transaction costs of the transaction.
Some of the reasons for investing in Bitcoin
Bitcoin has been seen nowadays as an innovative but serious way of making investments, and this has been proven with the many people who have high net worth in hands investing heavily in the system.
Even large financial corporations and multinationals are beginning to publicize their interest in the development of block systems and related Bitcoin. Bitcoin’s growing day-to-day appreciation is making this a very good investment.
What is the devaluation when investing in Bitcoin
Identical to gold, Bitcoin is also scarce, divisible and can not be falsified, but it is better than gold in terms of utility. The increase in gold prices makes it unattractive to use in jewelery or industrial products, but Bitcoin has not yet suffered any kind of devaluation and can be used for financial transactions of all kinds.
Positive government approach
While most governments in all parts of the world have not yet taken a stand and are cautiously observing, they have not rejected or completely banned the idea. Countries such as the US and the European Union have taken a positive approach in providing concessions on Bitcoin’s negotiation.
Bitcoin: first crypto and more reliable?
One of the most reliable is without a doubt Bitcoin, in fact, Bitcoin is not the only digital currency that is circulating in the market, those who are aware knows that there are many other similar companies that try to introduce the same concept of the first crypto.
But it has the advantage of being the pioneer in this business, it has the best rating and customer base than all the other companies combined. His experience in the field makes Bitcoin a relatively safer investment than other currencies that exist and are emerging.
Price of Bitcoin constantly increasing
Every day more and more people are trading with Bitcoin, and this is taking currency prices to heights making it a better investment opportunity, but can not stand looking at the carriage pass, it has to be fast.
The use of Bitcoin by companies and in commerce
Bitcoin has been used by many companies today, and the overall forecast is that in the very near future, many small, medium and large companies will use it to conduct all types of business transactions . This, in turn, can also increase the demand and value of Bitcoin.
Control of Bitcoin’s offer in the market
Bitcoin’s number is limited by 21 million. Currency generation will cease after the number has been reached. A limited amount of coins are released to anyone who wants to invest in Bitcoin, this ensures that the criptomoeda is able to remain in an acceptable value.
For now, Bitcoin appears to be the clean water to drink from a deep hole you look up at with a thirst for admiration but is apprehensive of entering the well to get the water. But this is normal, Bitcoin is the paradigm shift and a new generation of technology that is coming in alone, and even gaining enough popularity, many became apprehensive.
It is worth mentioning that slowly the platforms to invest in Bitcoin are gaining more popularity among people and even influential institutions. Soon Bitcoin will get the necessary official recognition from governments and financial institutions.
These are definitely new times and just watching it go by so we can tell if Bitcoin is worth every penny being bought for his purchase. But one thing is certain, that you have the money to invest in Bitcoin at the moment, you can do well by the end of 2018