Many articles have been written explaining what Bitcoin is and why it was introduced I will give a quick summary for anyone new to this but ultimately what we all want to know is will it continue its rise and why should we risk buying or using it.
It was introduced in 2009 just 8 years ago and at first, no one took much notice. Its aim was to introduce a global way of payment without the use of banks or financial institutions. This means there are no bank fees, as it is a peer-to-peer software program and has been designed in such a way that all transactions can be checked and verified using a blockchain which is basically a giant online ledger. It is as secure as any bank and as it is not like a government currency with all the links to price indexes etc. it is not affected by inflation.
One of the first reasons it started to rise in value was with the introduction of casinos accepting Bitcoin and it has made a huge difference to the scope and profitability of the ones that adopted its technology.
Because it is global it means that the restrictions put on currencies do not apply. For example, you cannot buy a chocolate bar in the UK using a foreign currency but if all countries accepted Bitcoin then it would be a much simpler way of doing business. Having equal value wherever you live would change so much as they are traded digitally with the value constant at the time of the transaction. The internet opened up a whole new world to all and the introduction of a digital currency was perhaps an inevitable progression.
Why Invest In Bitcoin
The people who have made fortunes on Bitcoin are the ones that took the risk and bought Bitcoin when it was first introduced back in 2009. They are the ones who have become millionaires due to the risk and foresight I just wish I had been one of them.
Therefore the question is will the rise continue and is this a good time to invest in Bitcoin. It is true that Bitcoin can be volatile and you have to watch the market carefully to find the best time to buy as it has been known to drop up to 20% in a day. However, if you look at year on year the growth has been constant and as it is being accepted in more and more countries than I think some rules will be brought in but this will only strengthen its credibility and continue its growth.
There is a limit to how many Bitcoins can be made which is 21 million and as demand outstrips supply the cost will rise as is shown by any product and simple economics. Knowing when to buy and knowing when to sell is always a gamble but find the right product like Apple, Microsoft, Google etc. and a long term investment would bring huge rewards and Bitcoin could be the next life changing investment.
Disclaimer for Bitcoin Casino No Deposit Bonus
We are doing our best to prepare the content of this site. However, Bitcoin Casino No Deposit Bonus cannot warranty the expressions and suggestions of the contents, as well as its accuracy. In addition, to the extent permitted by the law, Bitcoin Casino No Deposit Bonus shall not be responsible for any losses and/or damages due to the usage of the information on our website.
By using our website, you hereby consent to our disclaimer and agree to its terms.
The links contained on our website may lead to external sites, which are are affiliate links and if you go through them to make a purchase I will earn a commission. Keep in mind that I link these companies and their products because of their quality and not because of the commission I receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you. Any information or statements that appeared in these sites are not sponsored, endorsed, or otherwise approved by Bitcoin Casino No Deposit Bonus. For these external sites, Bitcoin Casino No Deposit Bonus cannot be held liable for the availability of, or the content located on or through it. Plus, any losses or damages occurred from using these contents or the internet generally.
Last Updated on