Are you Thinking Of buying That new car or Invest in Bitcoin?
Digital currencies have taken the world by storm and yeah! It’s a revolution which has only showcased the advantages of decentralization. Once the enthusiasts or the investors understand how the technology behind digital currencies works, that can lead people to believe that the future of finance is here. There are more than 2000 active cryptocurrencies, of which the most popular and the most renowned one is “Bitcoin”, which was created almost a decade back by a person pseudo named as Satoshi Nakamoto. Nobody knows actually who’s that person or a group of people. So, here we are going to discuss the obvious 10 reasons why investing in the largest cryptocurrency in the world is not only a good but one of the best idea. You have several platforms to know how to invest in Bitcoin in 2019. You can get a hold of most of the Bitcoin investment sites in this single platform.
IF THE NEED FOR A NEW CAR ARISES….
Then there is no real point in investing in Bitcoin. To be more specific, if one needs a new car soon for their work, school, or other engagements, it should take priority over everything else. After all, that would be the smart thing to do, unless one wants to challenge fate by using a car which might fall apart at any given moment, the best option is to steer away from Bitcoin.
However, if one is looking to get the most bang for the buck in terms of obtaining a new car “in the near future”, there is an option to invest in Bitcoin. More specifically, many people firmly believe the value of BTC will hit a new all-time high for the year over the course of this summer. How high that value will go, is difficult to determine. For now, the high point sits near $14,000, thus there is still a near $3,000 gap to overcome in the weeks and months ahead.
Let us have a look at the 10 reasons why investing in Bitcoin is still a very good idea:
#1 High Adoption Rate
Bitcoin has the highest adoption rate as compared to the other cryptocurrencies since it has proved itself and built its credibility. Satoshi Nakamoto already put his vision forward in Bitcoin whitepaper where he is aiming it to be the new form of money. Like big e-commerce giants like Amazon and Apple are also accepting the blockchain technology slowly and gradually. South American countries such as Argentina, Chile, Colombia, Peru, and Venezuela, showed an increase in bitcoin trading volumes in the last year and now that Bitcoin price has reached the highest mark this year, the adoption rate is multiplying exponentially.
#2 Big Names Showcasing Optimism
Big shots like John McAfee, has constantly stood by Bitcoin and never gave up hope. Even Sonny Singh, the Chief Commercial Officer at Bitpay has expected quite a rise for Bitcoin in 2019. Tom Lee, ex-strategist of JP Morgan and co-founder of Fundstrat also carry an optimistic view for Bitcoin. Mike Novogratz, the founder of Galaxy Digital believes Bitcoin might reach 10,000 USD in the first half of 2019. Even Chinese crypto enthusiast like Bobby Lee, CEO of BTCC has high hopes for Bitcoin. There are so many big names involved in Bitcoin’s high aspiration. Even the Winklevoss twins have invested so much of their time fighting for Bitcoin ETF.
#3 Beginning of Bull Run- Invest Now and Earn Double The Current Price
As we know it is just the starting of the crypto bull run, started with Bitcoin’s high liquidity, this is the perfect time for investing in it. Whether a beginner or a daily trader, investing in Bitcoin is the best thing to do right now if you are looking for a big ROI, as you can start with minimum bitcoin investment, also. There have been questions revolving around should you invest in Bitcoin in 2019. If you have analyzed the 5 year price graph, you can understand Bitcoin will reign for the longest time you can ever imagine. Don’t let yourself regret the decision of not investing in the future.
#4 Decentralized Payment System
You are the owner of your transactions. No middle party or banks are involved who will monitor or keep a constant track of your payment whereabouts. You have your respective wallets where you can instantly deposit or withdraw money, 24/7. This way you can trade and take your own decisions based on the market ups and downs. In this way, transparency is maintained.
#5 Fastest Transaction- Thanks to The Lightning Network
The Bitcoin blockchain and the lightning network can create a better and a far more complimentary payment system than anything else like VISA, as it comes with faster transactions with low fees and unparalleled technical security. People will be able to send a bitcoin transaction to each other using the lightning network. The transaction details will be recorded on the Bitcoin blockchain. In this way, the users will benefit from the security and longevity of the BTC blockchain and will be able to send and receive money faster.
#6 Regular Development in The Technology
As we know Bitcoin is not static, we must also know that the Bitcoin developers are continuously working on the development of the Bitcoin network so that its scalability can be boosted and privacy enhancing features can be added. The lightning network was one of the major innovations followed by hard forks which lead to breaking of sub hard forks. For instance, Bitcoin’s hard fork is Bitcoin Cash, which recently forked out to BCH SV and BCH ABC. These kind of innovations are steps to make sure that Bitcoin is never losing.
#7 Bitcoin Future is Here
A bitcoin trading and custody platform, Bakkt, is going to be introduced in 2019, after consecutive delays. There have been reports that it is still in its review stage by the Commodity Futures Trading Commission (CFTC) division of market oversight. Bakkt’s intent is to act as its own custody warehouse which appears to have raised other issues. Bakkt is trying to gain approval as a third-party warehouse similarly to a silo where it’s being controlled by the requirements put in place by the exchange, by ICE’s regulated entities. Once Bakkt is introduced, Bitcoin will be in a different new height altogether, where no other altcoin can even think of reaching in the nearest future.
#8 Room For Institutional Investors
We have already entered the phase where Bitcoin exchanges are becoming regulated and embarking on the arrival of Bitcoin-based securities, which started with GBTC Bitcoin investment, followed by ETN Bitcoin Tracker one (NASDAQ) and obviously the very recent BTC futures at Cboe and CME. The upcoming approval of Bitcoin ETF would not only allow large institutional investors to enter the market but also opens gates for the masses. Bitcoin-based securities are most likely to get approved by regulators and thus become part of institutional investments and offerings.
#9 Bitcoin is Scarce But The Demand is High
Since Bitcoin is the most popular and the largest cryptocurrency in the market, its demand is very high. But the very critical problem is that there are only 21 million bitcoins, and out of that 17 million has already been mined. So we are left with 4 million only, which is replenishing sooner than expected. Hence, it is wise to invest in Bitcoin. As the demand increases, the value also will increase, which might give you a fairly good amount of return in the years to come. As the complexity of Bitcoin block solving becomes difficult, the miner rewards will become lesser with time. You can even invest in Bitcoin mining, which can be also a part of bitcoin investment strategy.
#10 Be Part of This Revolution
You must be part of this epic revolution, which will make you proud in the years to come as the ROI will not only make you wealthy but also would lead to more open streams of revenue. When you are aware of the market trends, you might know why now is the best time to step up. As you might have observed that it is Bitcoin that drive the market sentiment, you might have noticed whenever Bitcoin price surges, the other major altcoins mostly follow the run. So, embrace the change, which is for the better.