Bitcoins, the next Gen currency
Crypto Currency have arrived and they aren't going anywhere in near future. For many investors, the terms crypto and blockchain have become part of everyday life and conversation and are almost interchangeable with Bitcoin (BTC). Since it jumped onto the scene in 2009, Bitcoin has become an overnight sensation despite the inherent volatility. While other types of cryptocurrencies have come and gone, Bitcoin or BTC has grown and grown and is now worth thousands of dollars per coin. Even as other types of stocks and bonds seem to depreciate as the market changes, Bitcoin only seems to grow and become more valuable, especially in 2021 when it hit a new all time high. Like many investors both amateur and professional, owning Bitcoin seems like the best move to make.
People are making money and the investing in bitcoin or any other cryptocurrency has become the trend. The day, Elon Musk tweeted BTC and then bought 1.5 Billion worth of Bitcoins, everyone took notice and wanted a piece of the pie. Proponents of cryptocurrencies argue that digital currencies are easier and safer, and come with better privacy, than traditional currencies. Because of its limited supply, Bitcoin has shown up on some people’s radar as an investment opportunity as well. Even the widely used PayPal mobile app is offering an option to buy, sell, and hold cryptocurrencies in its wallet. However, it should be noted that cryptocurrencies are still risky investments.
A cryptocurrency, crypto currency or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. It typically does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems. When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database. Bitcoin, first released as open-source software in 2009, is the first decentralized cryptocurrency. Since the release of bitcoin, other cryptocurrencies have been created. Below is chaart explining the rise and rise of Cryptocurrency and specifically Bitcoins.
Bitcoin kicked off 2021 with a bang. The cryptocurrency smashed through the $51,000 milestone on Feb. 18 and analysts are becoming bullish on the coin by the day. Wedbush’s analyst Dan Ives recently said in a note to his clients that Bitcoin has become a much bigger story than merely a price game. Ives said that the recent growth in Bitcoin and its growing acceptance will have important ramifications over the next ten years. Lots of reasons, say bitcoin-loving entrepreneurs. The digital currency is better at protecting privacy than, say, credit cards are. And a bitcoin business makes it easy for people anywhere in the world to buy, no matter what the local monetary situation or restrictions might be. For many business owners, though, the decision is a purely practical one: bitcoin transactions are simply cheaper to process … and sometimes quicker too. For them, anything that puts more money in their wallets or accounts faster is a good thing. Transaction fees for bitcoin payments tend to be around 1 percent, compared to the 2 to 5 percent hit imposed by credit cards. Plus, there are no foreign transaction fees. Finally, because payments don’t move through banks, money transfers from buyer to seller on the same day — with credit cards, the waiting period can last a week or more. Customers who pay with bitcoins benefit in other ways too. Their financial data is much more secure than it would be with credit cards, and transactions are – if not completely anonymous – not easily traced to their identities. Here is a list of few companies which have started to embrace BTC and have started offering Bitcoin as a payment option:
So what are you waiting for. Do not be left Behind. If you you want to invest or just want to embrace this secure, fast and trustworthy mode of payment, we are your one stop Solution. We can help you opening a bitcoin wallet, provide free resources to know more on how to make a purchase online using Bitcoins. If you want to invest and make money, we are the one's that you can bank on and get started in 15 mins.
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