Chances are that you are reading this article after the latest frenzy of Bitcoin value jump that saw it just shy of the $20,000 mark. Now you are currently looking to invest in this cryptocurrency and the technology that is blockchain. Here are some of the reasons you need to:
More to come
The first thing many People today believe, when they hear of their present price, is they are too late and people that are still purchasing Bitcoin are simply jumping the bandwagon. In fact, with years of mining to come and the money is still in infancy (more like teenage years), the value of it is still to rise and it is a sound investment.
Blockchain is not about cryptocurrency. It is the future of counterfeiting and supply chain. Super smart protocols such a DAO (Decentralized Autonomous Organization) and Smart Contracts are a number of items to stem from blockchain that automate workings of a company and trade of money.
Every day people are Bank and robbed heists are finished. Bitcoin and Blockchain ensures that the cash stored on your digital wallet is in a security level that is extremely safe than the digital number depicting your money in the regional bank Had the bad Experience where you will need to send some cash to another side of earth and the number of fees for currency conversion, opening Letter of Credits, banking fees etc. made you cringe? Bitcoin does away with that. There is absolutely no intermediary like a bank since there is absolutely no banking system in regards to bitcoin. By sending the receiver money you can avoid these excess costs.
That saves you time as you do not need to fill in applications and forms. Just request the public address of the receiver and click the amount that is necessary away. Since Bitcoins are Limited in number just 21 million will be generated , the value of the cryptocurrency cannot be devaluated as the limited supply but an ever growing demand means it is self-floating currency. No inflation translates into an investment that is fantastic. The central bank is the owner and personally, not you Can make you give them it. Nobody owns bitcoin, but you for the amount in hand. Nobody can drive it.