day trading are that you will be reading this article following the latest frenzy of Bitcoin value jump that saw it just shy of the $20,000 mark. Now you are seeking reasons to invest in this cryptocurrency and the blockchain technology. Here are a few of the reasons you should:
MORE TO COME
The first thing many people think, if they hear of the existing price, is that they are too late and people that are still buying Bitcoin are simply jumping the bandwagon. In truth, with years of mining ahead and the currency is still in infancy (more like teenage years), the worthiness of it is still to go up and it is a sound investment.
Blockchain is not only about cryptocurrency. It’s the future of supply chain and fighting counterfeiting. Super smart protocols such a DAO (Decentralized Autonomous Organization) and Smart Contracts are a few what to stem from blockchain that automate workings of a business and transaction of money.
Every day folks are robbed and bank heists are done. Bitcoin and Blockchain ensures that the amount of money stored in your digital wallet is at a security level that is extremely safe than the virtual number depicting your cash in your local bank.
Ever had the bad experience where you need to send some cash to another side of the planet and the amount of costs for currency conversion, opening Letter of Credits, banking charges etc. made you cringe? Bitcoin eliminates all that. Since there is no banking system in terms of cryptocurrencies, there is no intermediary like a bank. It is possible to avoid all these excessive charges by sending money directly to the intended recipient.
TIME IS MONEY
Did we mention you can send the money directly yourself? That saves you enough time since you do not have to fill in forms and applications. Just require the receiver’s public address and click away the required amount.
Since Bitcoins are limited in number (only 21 million will ever be produced), the value of this cryptocurrency can’t be devaluated as the limited supply but an increasing demand means that it is self-floating currency. No inflation translates to an excellent investment.