5 reasons why you should have some Bitcoin
The potential of Bitcoin has been explored by everyone in the cryptocurrency market, and those who aren't too. What happens is that this currency has characteristics that make it worthy of consideration. Here we tell you 5 reasons why you should have at least 0.01 BTC under your belt.
So far what we know is that virtual currencies emerge as an alternative to traditional fiat money, and that their greatest and best example so far remains Bitcoin. However, lately it is used more as an investment or as a reserve of value, but it is not the only thing that could guarantee you this cryptocurrency.
- You can use Bitcoin as an investment instrument
At the moment, Bitcoin has a huge return on investment, even when it has fairly wide price fluctuations. What happens is that you must make the investments at an appropriate time. As with any other investment, the timing of buying or selling Bitcoin is important.
If you need more details about it, we leave you a fairly complete review of this cryptocurrency.
- It works as a reserve of value
This happens more than anything in countries that have high levels of inflation, and that is why there are those who choose to buy Bitcoin to preserve the value of their income.
This advantage is made some refutations, such as that for example the scalability is still not enough or that the volatility of Bitcoin is so much that it is sufficient not to be considered a reserve of value.
However, more and more people are using it this way.
The rise of Bitcoin as a store of value, especially in countries with high inflation, should make you consider the idea of having at least a small amount.
The rise of Bitcoin as a store of value, especially in countries with high inflation, should make you consider the idea of having at least a small amount.
- Bitcoin offers security in the movements that are made
Thanks to the encrypted process that uses Bitcoin, or better known as Blockchain, in which the authorization of most users is needed to complete any transaction.
Bitcoin security is also based on the fact that in order to access your bitcoins, you will need to provide your private key. Without that password, nobody can access your Bitcoins
- 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 (its use has been restricted, for example).
It also solves the problem of fees for sending money internationally using traditional banks and traditional institutions. With Bitcoin it is the same to negotiate with your neighbor than to negotiate with someone on the other side of the world, but without any fee.
Nor will you worry about “business days,” since Bitcoin works continuously throughout the year, 24 hours a day. Also, this system allows you to create a Bitcoin wallet in a short time.
All this without having to go through a bureaucratic or cumbersome process, in which you have to wait for an authorization to use it. Without a doubt, Bitcoin would make things much easier once you learn to use it.
- Privacy and potential
With the cryptography associated with the technology behind Bitcoin, you won't have to worry about any violation of your privacy or access to your data.
This has nothing to do with what Blockchain transactions are made publicly and can be reviewed by anyone. What this means is that your identity is not compromised in the process.
As for its potential, so far Bitcoin has revolutionized the cryptocurrency market, and there is no doubt that it is leading it; even when volatility is still one of its characteristics.
However, this volatility is weighed against all the potential it has to increase your investment income, and every day it is accepted more as payment of goods or services throughout the world. One step at a time.
Those who 9 years ago believed in Bitcoin today see the results of that, so we recommend you consider the idea of having the amount of cryptocurrency that you can; In this case we talk about Bitcoin but in your case it may be the one you prefer and the one you trust the most.