If you’ve been following the news for the last month or so, you’ve probably seen a couple of stories about Bitcoins. For years, this cryptocurrency has been a favorite among fans of Magic The Gathering and those who want to exercise a chemical addiction without being caught by the authorities.
With each passing day, Bitcoins find their way to major markets and are ready to become a real alternative to government-provided money. On top of all this, there is a steadily growing “stock exchange” for Bitcoins, which makes smart day traders rich. Can you be one of the traders that day? Will you ever buy Bitcoins at your favorite online store? Now let’s explore below to better understand why you should buy Bitcoins.
Exchange rates are still favorable
Most people who want to buy bitcoins do so for the value of the investment. A little over a year ago, Bitcoins were about $ 40 each. Last month, the currency hit an all-time high of about $ 206 and is currently stable at $ 100. Luck was brought by buying Bitcoins and selling them at the right time.
Last month, a Bitcoin mini-balloon exploded, scaring several inexperienced investors; but this is in fact a coherent phenomenon. What is important to understand is that the currency jumps to a higher value each time it recovers. Volatile; but very profitable. Moreover, if there is a limited number of Bitcoins, the value is expected to continue to climb in the near future.
Every day new websites take Bitcoins
What causes this growth? This is not just speculation, it could lead to the collapse of Bitcoin, like other cryptocurrencies in the past. Bitcoin lives and continues to grow because it sees the ability to adopt online. Currently, this is limited to single outlets. Online clothing stores, service providers (coding, design, etc.) and other “innovation” products still make up the majority of Bitcoin users; but they are only the first wave.
Currently, PayPal is trying to find a way to transfer Bitcoin to the current model, and this may indicate that the partner eBay is not behind. This will cause an explosion in the online use of Bitcoin. In addition, there is an offline with the opening of the first Bitcoin ATM earlier this month. Content collection site Reddit published an article earlier this week depicting a market with its own “Accept Bitcoin” sticker, the only thing holding them back is a better app.
Bitcoin is still in the “Ground Stage” stage
The biggest reason you buy Bitcoins is that this currency is still on the first floor. All indicators point to a currency that will see huge leaps in value and application in the near future. Those who have already invested in Bitcoin and jumped in the near future expect large returns on their investments.
Will you make a wise choice, or will you hit yourself because you missed the next big thing?