Why Bitcoin Magazine?
You may have heard about Bitcoins and Blockchain. In fact, a lot of investors are taking a closer look at this. If you are wondering about this type of cryptocurrency, it was made after the 2008 financial crisis. In 2016, Bitcoin was trading at $450. By the time it entered May 2017, the value of Bitcoin already reached $1,400. In fact, it even peaked to $3,000. If you are going to read a Bitcoin Magazine, they’ll tell you that it is here to stay.
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Is it really true that Bitcoin is here to stay? Over the past years, Bitcoin has been able to challenge regulators. There are still some others that made Bitcoin illegal. However, there are countries such as Japan that mad Bitcoin payment already legal. Are we seeing the future of transaction take place right in front of our very eyes?
In addition to Bitcoin’s rise in value, you also have the altcoins such as Ethereum and Litecoin. However, let us admit that the future is still uncertain. For experts, once Russia and China accept BTC, the future is going to be bright for the cryptocurrency.
So why exactly does Bitcoin increase in value? One, it is apolitical. It only means that unlike USD that is tied to the US economy, and the GBP that is tied to the recent actions of Great Britain such as Brexit, Bitcoin doesn’t have any specific economy that it is tied to. In fact, BTC increases whenever there is political instability. More people are even investing on BTC once there is a political instability.
Another reason why the value of Bitcoin goes up is due to its limited number. There are only 21 million bitcoins. And according to experts, you will have a difficult time finding Bitcoins in the next years to come. In fact, because of this, and just like assets such as Gold and Diamonds, its limited amount can spike its value.
But of course, there are also other factors that you will need to consider. For instance, perception on Bitcoin’s price can affect its actual value.
How do you earn from Bitcoin?There are different ways on how you can maximize Bitcoin to your advantage. In fact, it can be a great investment if you ask people. One, you can just buy and hold your BTC for the longest time. This means that you will have to stop yourself from selling BTC once its price is already plummeting.