The potential of Bitcoin has been explored by all who are in the cryptomoney market, and those who are not as well. What happens is that this coin possesses characteristics that make it worthy of consideration. Here are 5 reasons why you should have at least 0.01 BTC to your credit.
So far what we know is that virtual currencies arise as an alternative to traditional fiat money, and that their biggest and best example so far is still Bitcoin. However, lately it is used more as an investment or as a store of value, but it is not the only thing that could guarantee you this cryptomime.
- You can use Bitcoin as a trading instrument
For the time being, Bitcoin has an enormous return on investment, even when it has quite wide price fluctuations. What happens is that you have to make investments at the right time. As with any other investment, the timing of buying or selling Bitcoin is important.
If you need more details on this, we leave you with a fairly complete review of this crypto currency.
- Works as a store of value
This happens mostly in countries with high inflation, and so there are those who choose to buy Bitcoin to preserve the value of their income.
Some refutations are made to this advantage, such as that the scalability is still not enough or that the volatility of Bitcoin is so high that it is not considered a reserve of value.
- Bitcoin offers security in the movements that are made
Thanks to the encrypted process that uses Bitcoin, or better known as Blockchain, which requires the authorization of most users to complete any transaction.
The security of Bitcoin is also based on the fact that in order to access your bitcoins, you will need to provide your private key.
- Internationalization and lack of interruption
Unlike the traditional banking system, Bitcoin is digital and universal money, so we can use it anywhere in the world, with some exceptions (that has been restricted use, for example).
It also solves the problem of fees for sending money internationally using traditional banks and institutions. With Bitcoin it is the same to negotiate with your neighbor as it is to negotiate with someone on the other side of the world, but without any type of fee.
You won’t worry about “working days” either, since Bitcoin works uninterruptedly all year round, 24 hours a day. Also, this system allows you to create a Bitcoin wallet in no time.
All this without having to go through a bureaucratic or cumbersome process, in which you have to wait for an authorization to be able to use it. Without a doubt, Bitcoin would make things much easier for you once you learn how to use it.