Bitcoin is more relevant to profit and secure transactions more than ever. With the world depending on the internet for every activity, service, and product, bitcoins are gaining more traction by the day. It is no surprise that it has become synonymous to the global currency almost all gaming sites and niche international services use. It is still new to a handful few who are new to the realm of online transactions. Bitcoin investing seems like a scary idea if you do not know the intricacies of the network.
Why should you invest in Bitcoin?
It seems scary because their values keep changing every day. They are scarce, and a single unit can be worth a couple of hundred dollars. The value changes rapidly and that is precisely what makes bitcoins more intriguing and risky.
There are only 21 million bitcoins in existence. It works just like the value of gold. The lesser there is out in the market, more they are worth. As time goes by, they are becoming harder to mine. You should dig in for the goodies before you friends get all the profit.
Bitcoins have seen over 100% rise in value over the last six years. The inflation makes them more coveted by the day. They stand for a strong monetary policy that is valid across the world. If you want to make encrypted transactions unlinked to your accounts, bitcoins are your best friends.
2017 is going to be the year for Bitcoin mining once more
By early April, crypto assets like Ethereum achieved a $5 billion market cap. The EEA or Enterprise Ethereum Alliance has helped altcoins soar to a high value. As of 26 April 2017, Cointelegraph reported that it had surpassed its $1300 value. This broke it all-time price high reported at a $1277 a couple of months ago. Although there is a high level of instability related to the value of bitcoins, that is precisely what keeps its potential to increase its value drastically.
Bitcoin becomes mobile
Countries like Japan and Philippines have legalized Bitcoin. All businesses involving Bitcoins and similar transactions are now legal in these two nations. The Indian government has expressed its interest in establishing a regulatory framework for legalizing bitcoin payments and deals.
What’s the right time to buy Bitcoin?
You can take help from tools like Cryptowatch and Bitcoin Wisdom to gain an understanding of its price history. You can use RSS feeds to stay on top of all bitcoin-related stats. It is a global currency. Although top contributing nations like Japan, Taiwan, and the US can change the value, it is not possible for the downfall of one government’s economy to drastically reduce the value of bitcoins.
Coinbase is one of the largest brokers in bitcoins. You can try buying bitcoins via legitimate encrypted transactions if you are living in the US, the UK, and Canada. It is also legal in most of Europe.
Bitcoin is still new and vulnerable. If you are thinking about investing, always get to know about the trends, legalities, and usefulness in your region before buying.
DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation in writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [Esperio Partners Review]
This week, we're here to tell you why affiliate marketing is the meaning of life. And no, that's not a...
Binance: Problems with Paysafe and SEPA – Customers Should Exchange Euro for Tether
It is known that Binance has problems with regulators in several European countries, including Germany. But the fact that support...
Qualitime Plans to Reach a Turnover of €11 Million in 2026
At the moment, Qualitime application has 1,800 registered visitors from the main laboratories in the country and about 400 health...
Peruvian Mining Companies Urged to Focus on Redouble ESG Certification Efforts
Experts recently said that the ESG certification of mining companies with operations in Peru will become increasingly important. They also...
Safeguarding Your Business Funds in Periods of Economic Uncertainty
The dust hasn’t yet settled from the 2023 banking crisis, and another closure could very well be right around the...
Crowdfunding1 week ago
Biova Project Launched an Equity Crowdfunding Campaign on Mamacrowd
Business2 weeks ago
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [CamSoda Affiliates Review]
Africa3 days ago
RADEEF: a 182 Million Dirham Plan to Combat Flooding in Morocco
Crowdfunding1 week ago
Mamacrowd Launches Five Campaigns with November 10th Deadline