Bitcoin is a digital currency that has been around since 2009. It’s been praised for its security, anonymity and decentralization. The value of one bitcoin has increased over time and reached an all-time high of $19,783 on December 17th, 2017. But what makes bitcoin so special? Bitcoin, the digital currency, has grown to become one of the most popular and robust assets at https://thebitcoincode.io/.
You may have heard that it’s the future of money or a digital tempest on the horizon, but how exactly is it different from other forms of currency? And why should you consider putting some money into this alternative currency at this point?
This article will explore 5 reasons why Bitcoin is the best form of investment right now. Read on to know more in detail!
1. Limited supply
With Bitcoin, there is a limited supply of 21 million coins that will ever be created. Theoretically speaking, this means that the price of Bitcoin should rise as more people want to invest in it and purchase it for its perceived value—because if there were no more Bitcoins to be mined (or mined), then those who already owned them would have been able to sell their holdings at whatever price they chose.
The fact that we’ve never seen anyone sell any of their Bitcoins makes me think this isn’t how things usually work with financial markets; rather than having a fixed amount of money available for buying something like stocks or bonds or real estate properties and so forth…it looks like you can only buy as much stuff as you can afford at any given moment.
2. Decentralized
Bitcoin is a decentralized cryptocurrency. It means that it’s not controlled by any single entity, government or group of people. Instead, bitcoin users control the network and transactions through their own private keys.
Bitcoin has no central bank or monetary authority; it doesn’t exist anywhere except in digital form on computer servers belonging to Bitcoin users around the world. This makes Bitcoin extremely resilient against cyberattacks because there is no way for hackers to shut down or manipulate its network without taking over large amounts of computing power from individual users—which would mean they would also have to take over their computers too!
3. Trading Peer-To-Peer
You can trade peer-to-peer with another person in a very safe way, with no need for an intermediary. This is possible because Bitcoin was designed to be decentralized and open source, so there are many different implementations of Bitcoin. Some of these alternatives use different currencies (such as Litecoin), while others use just one currency (such as Monero). The most popular implementation at present is Bitcoin Core, which runs on Windows, Linux and Mac OS X operating systems; it’s also compatible with Android phones and tablets too!
4. Security
Bitcoin is decentralized, so it’s not controlled by any single entity. This means that your funds aren’t at risk of being stolen if someone steals your device or gets hacked. Additionally, Bitcoin transactions are irreversible, so you don’t need to worry about chargebacks or fraud when using the cryptocurrency.
Bitcoin has more security than credit cards because of its irreversible nature of transactions and its decentralized network. Credit card companies can issue a chargeback if they receive fraudulent charges after an online purchase has been made—this happens all too often with online purchases as well!
5. Lower fees and faster transaction
Bitcoin transactions are cheaper than credit card transactions. Bitcoin transaction fees are less than a penny, while credit card transactions can cost up to 5% of the value of your purchase.
Bitcoin transactions are also faster than credit card transfers and often complete within minutes, compared with hours for traditional payments and days for international wires.
Conclusion
While certainly not a traditional investment, Bitcoin is still worthy of consideration. Although the value of Bitcoin has fluctuated over the past few years, there are plenty of reasons to consider investing in this virtual currency today. Prominent investors have spoken out in favour of Bitcoin, and some critics are beginning to see potential value in this new digital currency as well. The world may be sceptical about Bitcoin right now, but that doesn’t mean we shouldn’t take it seriously
