Investing in bitcoin is not just about buying and selling the cryptocurrency. It’s about being an investor in a movement that’s redefining how the world thinks about money.
The price of bitcoin has been skyrocketing in recent years, making it even more lucrative to invest your money today.
Bitcoin is a cryptocurrency (a type of digital currency) which you can trade with other investors around the world through decentralized networks. Bitcoin is a currency with no central bank controlling its value, unlike fiat currencies (like USD or AUD). This means that Bitcoin is immune to inflation and that its value cannot be manipulated by governments or banks.
Investing in bitcoin has been a smart move so far as it has increased exponentially over the last few years – from less than $1,000 USD per bitcoin at the end of 2016 to nearly $19,000 USD per bitcoin on December 17th, 2017! There are still opportunities for investors to profit from this movement as
Investing in Bitcoin is gambling. It’s a good way to lose your money if you’re not careful. But, that doesn’t mean the digital currency isn’t without its merits. Read on for a list of pros and cons of investing in Bitcoin to help you decide whether or not it’s worth it for you.
-The value of Bitcoins rises as more people buy them
-Bitcoin transactions can be done anonymously, which makes them popular among people who don’t want their spending habits tracked by credit card companies or banks
-You can send bitcoins as gifts and donations
-Bitcoin is safer from hackers than your bank because it has never been hacked
-You can purchase less with bitcoins than with traditional currency (for example, if you have $10 USD, you can get about 1/10th that amount in bitcoins) because of transaction fees and the volatile market price
-The Bitcoin transactions are irreversible
In the past few years, Bitcoin has become a household name. It is the poster child of all cryptocurrency and has the potential to revolutionize how people store their money.
The concept of digital currency is not new. Since the 1980s, traditional economists have been touting one form or another of electronic cash that would be inaccessible to governments and allow transactions across borders without fees as well as transactions in real-world goods to take place anonymously. When Bitcoin was first introduced in 2008, it seemed like this dream had finally come true.
Today’s popular cryptocurrencies such as Ethereum, LiteCoin, Darkcoin, Ripples and even Dogecoin are all descendants of that original idea. In many ways these are similar to Bitcoin itself but some offer more advanced functionality for technical use cases or do a better job at solving some of Bitcoin’s shortcomings – such as its high transaction fees for small payments or its limited block size which can cause transaction delays for large.