Why Investing in Bitcoin Is Still a Good Idea

Are Bitcoin a good investment

Blockchain In Bitcoin / August 30, 2017

That’s a decision you’ll have to make on your own, but what you should consider are the fact that Bitcoin still remains one of the most watched and speculated currencies of all time. Here are a few very interesting fact regarding bitcoin, and something to think about when pondering if this coin will rise to astronomic heights, or shrivel and fade away.

Bitcoin has been one of the most amazing currencies to watch in the history of mankind.

First of all, the value of Bitcoin is only as strong as the trust that the Bitcoin community places in it, which means it holds an intrinsic value and not a real value such as gold, silver or land. Those commodities will always hold value, and can be traded no matter what happens in the world. If someone were to pull the plug on our power grid, bitcoin would literally become absolutely worthless in an instant. So would paper currencies however, so their existence has actually provided precedence for the creation of the new digital currency.

Research Bitcoin, what it is used for, what it would do for society, and if you believe it’s going to be adopted, then invest in it. Never purchase what you cannot afford to lose, and don’t take more risk than you are comfortable with.

Decide how you want to invest in bitcoin as there are many ways to acquire it. You can, and ride it’s price value then sell it. Many currency traders use to handle their trades for them automatically. You can buy a select amount of coins, and hold onto them. You can try your hand at and generate them that way.

Source: www.quora.com
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