Is It Feasible To Invest In Bitcoin?

Odds are that you are reading this short article after the most recent frenzy of Bitcoin value jump that saw it just shy of the $20,000 mark. So you are searching for reasons to purchase this cryptocurrency and the blockchain technology. Listed below are a few of the reasons you must:

MORE TO COME

The very first thing many individuals think, if they hear of the existing price, is they are too late and individuals who are still buying Bitcoin are just jumping the bandwagon. In reality, with years of mining to come and the currency remains in infancy (more like teenage years), the worthiness of it is still to increase and it is a sound investment.

AUTOMATED TECHNOLOGY

Blockchain is not only about cryptocurrency. It is the ongoing future of supply chain and fighting counterfeiting. Super smart protocols such a DAO (Decentralized Autonomous Organization) and Smart Contracts are a few things to stem from blockchain that automate workings of an organization and transaction of money.

SECURE

Each and every day folks are robbed and bank heists are done. Bitcoin and Blockchain ensures that the money stored in your digital wallet is at a protection level that is extremely safe compared to the virtual number depicting your cash in your neighborhood bank.

SAVING MONEY

Ever endured the bad experience where you'll need to send some funds to another side of the world and the quantity of charges for currency conversion, opening Letter of Credits, banking charges etc. made you cringe? Bitcoin does away with all that. Since there is no banking system when it comes to cryptocurrencies, there is no intermediary such as a bank. You are able to avoid every one of these excessive charges by sending money straight to the intended recipient.

TIME IS MONEY

Did we mention you are able to send the money directly yourself? That saves you the full time since you do not need to fill in forms and applications. Just require the receiver's public address and click away the required amount.

NO INFLATION

Since Bitcoins are limited in number (only 21 million will ever be produced), the worthiness of the cryptocurrency cannot be devaluated whilst the limited supply but an ever increasing demand means that it's self-floating currency. No inflation translates to an excellent investment.

YOUR OWN

Remember the Greek financial crisis where in actuality the city councils were asked to hand over extra money to the central bank? With normal currency, the central bank is the owner, not you, and can force you to provide it back again to them. Bitcoin is owned by no-one, but yourself for the total amount in hand bitcoin canada. No one can force it away from you.

It is not too late to purchase Bitcoin and Blockchain, but like some other currency, the near future cannot be predicted. Study the charts of your preferred bitcoin exchange soundly before committing to an investment.