Investing in Bitcoin is something recent, and, unlike banking investments, the number of people doing it is very low. Around Bitcoin, there are many scams; therefore, do not trust your money to unregulated sites.
Why invest in Bitcoin?
An investment in Bitcoin has many advantages, including diversifying the risks involved in investing.
Now, why invest in Bitcoin? What are the advantages of investing in the first cryptocurrency?
The alternative currency that inspires confidence
Since Bitcoin is a decentralized currency developed to regain power over their money, it offers an interesting monetary alternative for anyone who wants to become their bank.
Furthermore, it is immune to any price manipulation by a central body or any political influence.
An increasingly accepted means of payment
Bitcoin is a forward-thinking cryptocurrency, and more and more companies are beginning to accept it as a means of payment, including many multinationals such as KFC or Microsoft.
It is a cheaper coin to use than the classic alternatives.
The transfer of Bitcoins helps avoid the annoying commissions of financial institutions, which can be high in some cases.
Bitcoins are in short supply as the number of available bitcoins decreases over time. The total number of Bitcoins is 21 million. So there is a limited amount of BTC.
As you mine BTC, less remains, and it becomes increasingly difficult and expensive to mine, which should increase its price, especially if demand increases while supply decreases.
Another important aspect to consider is that today the price of the cryptocurrency is relatively low (compared to the beginning of 2021) due to a market correction, which is why if you decide to invest in Bitcoin right now, when the price of this rise, you will be generously benefited.
Benefits of investing in Bitcoin
Bitcoin is the most popular cryptocurrency.
When it comes to investing, we all look for the best option. Today, the market is much more versatile than a few years ago, proof of this, cryptocurrencies.
Bitcoin is par excellence the most popular. Lately, digital currency has grown so much that more people want to invest in it day by day, but what benefits does it have? Here are some benefits of investing in Bitcoin.
Liquidity measures the time it takes to convert a cryptocurrency into cash without impacting the market price; it is very important because it offers better prices and faster transactions.
The volatility of cryptocurrencies makes buying them more exciting; the rises and falls in price allow investors to go long and short term.
Between October 2017 and 2018, the price of Bitcoin increased considerably, so it gave many profits to those who had invested in it; however, it is important to develop a risk management strategy.
Since there is no centralized management in the cryptocurrency sector, you can operate practically 24 hours a day, 7 days a week.
Open account faster
To invest in Bitcoin (and cryptocurrencies in general), it is necessary to open a digital wallet, which in general terms is much faster and easier than a bank account.
Today there are many wallet options, and you can choose the one you feel most comfortable with.
Fast and secure transactions
Transactions are usually very fast and 100% secure. Therefore, paying with Bitcoin does not put the user’s capital at risk. In the same way, it is a very safe asset to invest in.
Bitcoin is revolutionary and has incredible technology. We are explaining Academy, but it is normal for you to feel overwhelmed and wonder.
What does all this incredible technology translate to? What is the result that normal people perceive?
After doing an initial explanation about what Bitcoin is, we want to explain how all this technology penetrates concrete things in this chapter. Learn about the main advantages of Bitcoin, which position it as the best money.
Do you want to start enjoying the world of cryptocurrencies? Then it is time to open your user account. It is very easy to do and, in addition, by following this link, you will get € 5 free on your first purchase.
Why People Like Bitcoin
Bitcoin is being talked about more and more; why do people like it so much?
We leave you the advantages of Bitcoin:
Sending any amount of money is a matter of minutes. Regardless of the quantity, regardless of the destination.
The cost of making a transfer to any part of the world through your bank can cost you a lot of money. When doing it in bitcoins, the cost is pennies or gratis. Micropayments: using a bank, paying € 0.3 to someone from Chile in gratitude for a tweet or like is UNTHINKABLE; in Bitcoin, it is reality.
You can send bitcoins to any country in the world. Bitcoin, like the Internet or e-mail, has no borders. This, with the guarantee of respecting the freedom of its users, makes Bitcoin the first global currency that works.
- Decentralized issuance
No government or central bank can control it or interfere in the valuation of bitcoin, neither in its creation nor in its distribution. With Bitcoin, money is depoliticized; it is made of people, thus eliminating FIAT money’s control on the population.
Your bitcoins are only yours. The money belongs to you 100%; no one can intervene it, there are no Corralitos, nor the accounts can be frozen (see WikiLeaks case). In Bitcoin, you can be your bank.
- Programmable money
Bitcoin is simple to implement and has an implicit programming language, which allows you to create pieces of code that will be executed in the transaction. This, previously unthinkable, allows any programmer to monetize all kinds of services. Even payments between fully autonomous machines are possible, simplifying manual, complex and time-consuming processes.
- Encrypted and distributed
Bitcoin is very safe. It has at its core, and in each of the operations, one of the most powerful cryptographic systems that exist, more than the one used by banks or essential services of our day-to-day. Its distributed nature makes it resistant to network outages or attacks: NEVER no other computer system has been operational 24 hours a day, 365 days a year for more than 8 years.
Even in the face of a solar storm, Bitcoin would hold out contrary to other systems. Some of its nodes are in bunkers from the Second World War, protected underground and even with triple perimeter security.
All transactions are public, as they are visible in real-time under pseudonyms in the form of a Bitcoin address. Anyone can reveal the Bitcoin address they manage by showing with absolute transparency where the last penny goes. Imagine governments, city councils, NGOs, foundations, associations, companies … anyone can take advantage of this functionality in seconds.
- Open source
Bitcoin is open, free and free software. Anyone can see its source code, study it, audit it or improve it (here you have it, propose your improvements). Hundreds of people improve it every day – some of the smartest brains on the planet improve it under an environment of democratic consensus.
On Github, you can see how hundreds of people from all over the planet collaborate without receiving anything in return. If you want, you can even copy it and start a new cryptocurrency (there are thousands of clones with interesting changes, but also copies without any innovation).
- Based on consensus
From the development of the code to the form of its blockchain, consensus operates as the fundamental axis. In its development, the ideas and improvements of the code most voted by the rest are those that end up being implemented: Bitcoin changes if the majority accepts this change. The same happens with the accounting book that it manages, the blockchain: only if most nodes consider a new transaction as valid is it accepted and registered in the account book.