If you’ve been following the news at all for the last month, you’ve no doubt seen a story or two about Bitcoins. For years, this cryptocurrency has been a favorite among Magic The Gathering fans and those who want to solve their chemical addiction without the authorities catching it.
With each passing day, Bitcoins are finding their way to the mainstream market and are poised to become a true alternative to government-issued money. On top of all this, there is a constantly growing “exchange” for bitcoins, which makes smart daily traders a fortune. Can you be one of those daily traders? Will your favorite online store ever take Bitcoin? Let’s explore below to better understand why you should buy bitcoin now.
The courses are affordable for now
Most people who decide to buy Bitcoin do so because of the value of the investment. Just over a year ago bitcoins were worth about $ 40 each. Last month, the currency reached a high of around $ 206, and is currently holding steady in the $ 100 range. Wealth is made by buying Bitcoin and selling it at the right time.
The Bitcoin mini-balloon burst last month, and that scared a few novice investors; but this is actually a consistent phenomenon. It is important to understand that every time a currency recovers, it jumps to an even higher value. It is unstable; but very profitable. In addition, with a limited number of existing Bitcoins, the value is expected to continue to grow in the foreseeable future.
New websites take Bitcoin every day
What drives that growth after all? This is not just speculation, this would cause the collapse of Bitcoin like many other cryptocurrencies in the past. Bitcoin survives and continues to grow because it is actually being adopted online. Currently, this is limited to individual outlets. Online clothing stores, service providers (coding, design, etc.) and other “news” products make up the majority of Bitcoin users so far; but they are only the first wave.
Currently, PayPal is trying to find a way to adopt Bitcoin into its current model, and that could mean that partner eBay is not far behind. This will lead to an explosion in the use of Bitcoin online. But there is also an offline presence, with the first Bitcoin ATM opening earlier this month. The content aggregation site Reddit had a post earlier this week showing a store that had its own “We Accept Bitcoin” sticker, the only thing holding them back is better implementation.
Bitcoin is still in the “ground” phase.
The biggest reason why you should buy bitcoin is that this currency is still on the ground. All indicators suggest that the currency will experience large jumps in value and implementation in the near future. Those who have already invested in Bitcoin and those who will jump into it in the near future, expect huge returns on their investments.
Will you make a wise choice or will you fight back because you missed the next big thing?