Top 5 Reasons to Buy Bitcoin Today

If you are contemplating buying bitcoin, this is a very smart investment decision you are about to make. It is a trending technology that is changing the entire world. Here are the top reasons to buy bitcoin today.

1. Highly volatile

Bitcoin is volatile, meaning its price swings up and down fast within a short time. Asa result of its deflating nature, it becomes a great option for any trader. All you should do is to wait for its price to go down and buy as much as you want, and then sell when the price grows. By repeating the cycle, again and again, you and up making good money in the long end.

2. It is an independent currency

Bitcoin is an independent currency since it is not controlled by any government or financial institution. This means its price is not adjusted by any centralized institution. The price is controlled by the network itself depending on the demand and supply. No one changes the rules, making every investor enjoy the same access level.

3. No storage is required

When you buy bitcoin, you do not require a bank account or any other storage facility. Every single bitcoin you purchase is on the blockchain that is irreversible and unchangeable. All you require is a private key and as long as you know it your Bitcoins are safe.

4. Ever growing demand

Since its interception, the demand for bitcoin has been growing tremendously. This is because it acts as the best investment alternative because of its high stability. It is not swayed by the global economy. Even in times of economic crises, Bitcoin does not lose its value.

5. High level safety

Bitcoin is safe since it cannot be altered, hacked or manipulated. It is digital, therefore, it cannot be counterfeited or reversed anyhow by the sender. You do not have to provide your names when making the transaction. Only digital wallet lDs is required making it a safe option.