Is It Feasible To Invest In Bitcoin?

Now you are looking for reasons to invest in this cryptocurrency and the blockchain technology. Here are some of the reasons you should:

MORE TO COME

The first thing many people think, when they hear of the current price, is that they are too late and people who are still buying Bitcoin are just jumping the bandwagon. In truth, with years of mining to come, and the currency is still in infancy (more like teenage years), the value of it is still to rise, and it is a sound investment.

AUTOMATED TECHNOLOGY

Blockchain is not just about cryptocurrency. It is the 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

Every day, people are robbed, and bank heists are done. Bitcoin and Blockchain ensures that the money stored in your digital wallet is at a security level that is extremely safer than the virtual number depicting your cash in your local bank.

SAVING MONEY

Ever had the bad experience where you need to send some money to the other side of the world and the amount 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 like a bank. You can avoid all these excessive charges by sending money directly to the intended recipient.

TIME IS MONEY

Did I mention you can send money directly yourself? Save time by not having to fill out forms or applications. Just ask for the recipient's public address and click the desired amount

No Inflation

Since there are a finite number of Bitcoins (only 21 million will be produced), the value of this cryptocurrency cannot be depreciated as a limited supply, but ever-growing demand means that Bitcoin It means that the coin is a floating currency. No inflation means a good investment.

YOUR OWN

Remember the financial crisis in Greece when the city council was asked to turn over additional cash to the central bank? You can force them to return it. Your bitcoins belong to no one but you. No one can force you to do it.

It's never too late to invest in Bitcoin or Blockchain, but like any other currency, the future is unpredictable. Before investing, study the charts of your favorite Bitcoin exchange.

When the market is crashing and many are losing money, many are wondering whether to invest in Bitcoin. It's very understandable because all investments undoubtedly involve risks that not everyone can bear. The reality of Bitcoin is that now is one of the best times to invest. In addition to the fact that the current situation is giving individuals the opportunity to buy assets, many industry experts argue that Bitcoin has not yet reached its peak. Programmers or Programmers The group introduced the first cryptocurrency, Bitcoin, in late 2008 under the pseudonym “Satoshi Nakamoto”. Unfortunately, this digital asset has not gained much public acceptance or trust during this time. Unfortunately, most of them are starting to regret their decisions. Why? Just because they believe they missed a golden opportunity

Are cryptocurrencies safe?

Several factors make cryptocurrencies not always a safe investment. Meanwhile, other signs are emerging that cryptocurrencies are here to stay.

CRYPTOCURRENCY RISKS

Cryptocurrency exchanges can be hacked or targeted for other criminal activity, even more than exchanges. Security breaches have resulted in huge losses for investors whose digital currencies have been stolen, prompting many exchanges and third-party insurers to offer protection against hacking.

Keeping Cryptocurrencies Safe is more difficult than owning stocks or bonds. Cryptocurrency exchanges like Coinbase (NASDAQ:COIN) make it very easy to buy and sell cryptocurrencies like Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH), but many people They don't like to keep their digital assets on exchanges. This allows companies to control access to their assets.

Storing your cryptocurrencies on a central exchange means you can't fully control your assets. The exchange may freeze assets at the request of the government, or the exchange may go bankrupt with no way to get your money back.

Some cryptocurrency owners prefer offline “cold storage” options like hardware wallets, but cold storage presents its own challenges. The biggest risk is losing the private key. Without the key, it is impossible to access cryptocurrencies.

Also, there is no guarantee that the cryptocurrency project invested in will succeed. Competition among thousands of blockchain projects is fierce, and many are nothing more than scams. Only a small percentage of cryptocurrency projects end up succeeding.

Regulators can target the entire cryptocurrency industry, especially if governments view cryptocurrencies as a threat rather than a revolutionary technology