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Reasons To Buy Bitcoin.. by Bitssa: 9:08am On Jun 27, 2017 |
There are many reasons to buy bitcoins, some of them are as follows: 1. STABILITY From last six months we have seen daily rise in the price of bitcoins and creating history on daily basis. No one saw this coming and price of bitcoin will more than Gold or Japanese Yen or US Stock Index. This indicates Bitcoin is growing as a currency and will be becoming next big thing. 2. USAGE OF BITCOINS IS INCREASING GLOBALLY The transaction or new users of bitcoins are increasing rapidly, it is being used to buy goods and services. China used bitcoin to move funds out of country due to its currency crash, users chart increased from Latin America and South Africa. Bitcoin is first digital currency which is accepted universally and getting real day by day. 3. ADOPTION OF DIGITAL PAYMENT New trend is adopting digital payment as a mode of transaction rather than traditional cash payments by many developed countries. Bitcoin is a digital currency and any attempts to remove actual cash will lead to increase in demand of bitcoin. It gives privacy as there is nobody to monitor, also a alternative that retains features of cash. 4. ECONOMY IS UNSTABLE The global economy is unstable and bitcoin is not related to any stock market or any national currency, if there is any fall in the economy it will lead to diversify funds in bitcoin. The weaker currency now have more demand of bitcoins as trading is high in these countries. Bitcoins are limited and as a currency it is similar to gold because when a economy goes down, it substantially see rise in the value of gold but this bitcoin will major role in any such cases. 5. TEMPTING PRICE Since the inception of bitcoins the price has been very tempting, the first bubble came in 2011 then it stabilised. Then we saw a crash in 2013 but from than on it has only risen from $200 to $2400 currently. This shows the fall in its price is very unlikely to happen again, it also says price will keep on rising. 6. BITCOINS AS INVESTMENT Bitcoins can be brought as an [url="https://blog.bitssa.com/why-should-i-buy-bitcoin-as-an-investment/"]investment[/url] for longer term by seeing recent trend, here a investor buys bitcoins at low price and sells it when the price shoots up. 7. BITCOINS AS REMITTANCE Bitcoins are being used as [url="https://blog.bitssa.com/bitcoin-as-remittance-in-nigeria/"]remittance[/url] by the people to send the hard earned money to there relatives, the transaction fee is very less as compared to traditional banks or money transfer company. It is the fastest and the quickest way to transfer money. 2 Likes 2 Shares |
Re: Reasons To Buy Bitcoin.. by hardenmajor12: 6:11pm On Aug 03, 2017 |
Bitcoin is one of the best investment nowadays. 1 bitcoin has a high value. Perfect for an additional income. For people interested to learn and invest in bitcoins. Join the Paxful School Facebook Group. Where anyone can go from not knowing what a Bitcoin is to being a Bitcoin Pro trading on Paxful in no time. https://www./PaxfulSchool/ |
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