If you’ve been paying attention to the news for the last month or so, you’ve probably seen one or two stories about Bitcoins. For years, this cryptocurrency has been a favorite among fans of Magic The Gathering and those who want to meet a chemical addiction without the authorities being interested.
However, with each passing day, bitcoins find their way into major markets and are about to become a real alternative to government-issued money. In addition, there is a constantly growing “stock market” of Bitcoins, which turns smart day traders into a fortune. Could you be one of those traders of the day? Will your favorite online store ever take Bitcoins? Let’s explore below to better understand why you should buy Bitcoins now.
Exchange rates are favorable, for now
Most people who choose to buy Bitcoins do so for the value of the investment. Just over a year ago, bitcoins were worth about $ 40 each. Last month, the currency hit an all-time high of about $ 206 and currently remains steady in the $ 100 range. Fortunes have been created by buying Bitcoins and selling them at the right time.
The Bitcoin mini bubble burst last month and this scared some novice investors; but this is really a constant fact. The important thing to keep in mind is that every time the currency is recovered, it jumps to an even higher value. It is volatile; but very profitable. In addition, with a limited number of existing bitcoins, the value is expected to continue to increase in the foreseeable future.
New websites take on bitcoins every day
What drives this growth? It’s not just speculation, this would cause Bitcoin to collapse like so many other cryptocurrencies of the past. Bitcoin survives and continues to grow because it is really being adopted online. Currently, this is limited to unique outlets. Online clothing stores, service providers (coding, design, etc.) and other “novelty” products make up the majority of Bitcoin adopters to date; but they are only the first wave.
PayPal is currently trying to find a way to adopt Bitcoin in its current model, and that could mean that eBay, the partner, is not far behind. This will cause an explosion in the use of Bitcoin online. But there is also an offline presence, with the first Bitcoin ATM open earlier this month. The content aggregation site Reddit posted earlier this week a post showing a convenience store that had its own “We Accept Bitcoin” sticker, the only thing holding them back is a better implementation.
Bitcoin continues in the “ground floor” stage
The main reason you should buy Bitcoins is that this currency is still on the ground floor. All indicators indicate that the currency has experienced huge jumps in value and implementation in the near future. Those who are already invested in Bitcoin and those who are entering the immediate future will see a huge return on their investment.
Will you make the right choice or throw yourself to lose the next big thing?