Is Bitcoin an Investment Worth Making?
Thursday, June 18, 2020 13:50
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For many years, the idea of an international currency has been floated. Its supporters have expounded numerous potential benefits, while the concept has fascinated everyone from economists through to business leaders and anti-government advocates. According to those who have long wanted to make it a reality, such a global currency would have the potential to protect against inflation and stop worldwide monopolies.
However, not until the advent of digital coins did this idea seem like it had the potential to ever transcend the abstract and come to fruition. Enter bitcoin, the first and most famous cryptocurrency. Invented in 2009 by an anonymous founder, it is now traded by individuals from around the world, with many expounding its benefits and believing it has the potential to one day replace physical cash entirely.
This has made it one of the most widely traded commodities on the market today, with many potential investors asking an obvious yet pertinent question: is bitcoin really worth investing in?
Here are three reasons why the answer might be ‘yes’.
Bitcoin Is a Highly Volatile Currency
While some investors prefer to adopt a low-risk strategy, those who wish to earn higher returns will understand that in order to do so, volatility must be seen as a necessary evil. In the case of bitcoin, for example, there have been numerous peaks and troughs since its creation 11 years ago.
This is perhaps best exemplified by a single statistic; that the value of bitcoin has grown by a phenomenal 990 percent since January 2019. This makes for some wonderful trading opportunities, and indeed, there are a number of platforms out there to help amateur investors capitalise on this.
One of these is the Bitcoin Lifestyle official website, which is a group created especially for individuals hoping to make a healthy return on the cryptocurrency. Membership provides access to, among other things, the site’s award-winning trading app, to help traders spot and profit from investment opportunities as and when they arise.
Bitcoin Is Likely to Become More Popular as Time Passes
One reason that investors give for being reluctant to add bitcoin to their portfolios is that they expect its growth to eventually plateau. Looking at its past performance, they imagine that this must happen imminently, but according to experts, this is not the case.
In fact, the popularity of bitcoin is likely to continue growing for the foreseeable future, as our world becomes ever more reliant on technology and individuals grow increasingly aware of the advantages of cryptocurrencies.
This continued rise in demand will inevitably push up prices, meaning that those who have a supply of bitcoin already in the bank can expect to see its value increase even further.
The Supply of Bitcoin Cannot Be Manipulated
In addition, bitcoin has the added boon of not being controlled by a central bank. What this means is that supply cannot be manipulated, so pricing is influenced purely by consumer demand.
As a result, no single government, for example, can alter the value of bitcoin by printing more or less, as they’re able to in the case of traditional currencies such as the euro, dollar, or pound sterling. This, therefore, helps to level the playing field for smaller investors.
Tell us, is bitcoin something you would consider investing in?
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I believe that only time will tell whether it is worth investing but I think that at the moment it is one of the most potentially strong options for making money.
Have a look at this article about possible bullrun of BTC https://primexbt.com/blog/why-is-bitcoin-going-up/ .
Hey Guys! Do you know how to buy is with credit card? I cant find any way without paying big fees(
Ok so, this article is from June 2020 asking if btc is worth investing in, on June 18, 2020, btc was less than 10K to purchase. It is now touching 60K, so yes, btc was worth investing in, I started buying at 15K. Btc is divisible by 100,000,000 a satoshi. So anyone can buy into btc. The price of a satoshi? 100,000,000 th of btc price…..