If you have been following the news for the past month or so, you will undoubtedly see one or two stories about Bitcoin. For many years, this cryptocurrency has been a favorite of Magic The Gathering fans and those who wish to achieve chemical addiction without the authorities chasing them.
However, with the passage of time, Bitcoin is gradually entering the mainstream market and is expected to become a real substitute for government-issued currency. Most importantly, Bitcoin is steadily growing on the “stock exchange”, which makes smart day traders a fortune. Can you be one of those day traders? Does your favorite online store use Bitcoin? Let’s explore below so that you can better understand why you should buy Bitcoin now.
The exchange rate is temporarily favorable
Most people who choose to buy Bitcoin do so in order to gain investment value. A little over a year ago, bitcoins were worth about $40 each. Last month, the currency reached a record high of around US$206, and it has been stable at the range of US$100. Make a fortune by buying bitcoins and selling them at the right time.
Last month, the mini Bitcoin bubble burst, which scared away some novice investors. But this is actually the same situation. The important thing to realize is that every time the currency recovers, the currency jumps to a higher value. It is volatile; but very profitable. In addition, due to the limited number of bitcoins that exist, the value of bitcoins is expected to continue to rise in the foreseeable future.
The new website uses Bitcoin every day
What is driving this growth? More than speculation, this will cause Bitcoin to collapse like many other cryptocurrencies in the past. Bitcoin survived and continues to grow because it is actually being adopted online. Currently, this is limited to a single exit. So far, online clothing stores, service providers (coding, design, etc.) and other “novel” products constitute the majority of Bitcoin adopters; but they are only the first wave.
Currently, PayPal is trying to find a way to incorporate Bitcoin into its current model, which may mean that partner eBay is not behind. This will lead to a surge in the use of Bitcoin online. However, there is also an offline state, and the first Bitcoin ATM was opened earlier this month. Content aggregation site Reddit published an article earlier this week describing a convenience store with its own “We Accept Bitcoin” label, and the only thing that hinders them is better implementation.
Bitcoin is still in the “bottom” stage
The biggest reason you should buy Bitcoin is that the currency is still in the bottom layer. All indicators indicate that in the near future, the value and implementation of currency will take a huge leap. Those who have already invested in Bitcoin, as well as those who jump into Bitcoin in the near future, will see a huge return on investment.
Will you make a wise choice, or will you kick yourself for missing the next big thing?