Five reasons why it's not too late to invest in Bitcoin

Although between the months of November and December 2017, the value of Bitcoin reached its historic high, also known as ATH (All Time High), causing a revolution in the market in the following months have been totally discouraging for cryptocurrency

It is a fact that the world of digital currencies is still a mystery to ordinary citizens or those who are not at all computer enthusiasts. However, we can not deny that he has managed to awaken the interest of many people in these groups, simply by representing a way to make money and / or being an alternative with which goods and services can be paid without intermediaries. 19659002] To this we add those who have already started to learn about the subject, and have discovered this news which, although it represents nothing of the other world in the world of l & # 39; economy, could create mistrust and extinguish the already stoked interest

Even though the value of cryptocurrency remains fluctuating and that there is already a significant number of people mining around the world, there is has a lot of compelling reasons why it would be worth investing in Bitcoin today. In the following article we are devoted to explaining in detail five of them

The Finite Existence of Bitcoin

As we the we all know, Bitcoin is a cryptocurrency of which the principal and perhaps more The advantageous characteristic is that it is not administered by any specific institution. To make matters worse, there is a finite amount of this cryptocurrency, which is about 21 million.

The two ideas are related and supplemented by the fact that it is impossible to increase the total volume of units since there is no organization there. The transactions are done digitally, from one computer to the other and without intermediaries.

According to the figures of 1 June 2017, there would be 16 million 366 275 275 Bitcoins of the total volume already mentioned, ie 21 million. One could say that it would not be viable to invest in Bitcoins when this total amount is reached, for example, by mining, because the competition would be very important and the payments very limited.

In addition, it is impossible to modify this system. In fact, another characteristic worth mentioning is its democracy. And would any proposal for change, to be approved, require the consensus of the miners. Therefore, an increase in the number of Bitcoins would have a very small chance of happening, as this translates into a devaluation, just as it happens with physical currency.

Bitcoin was in the bear market in 2018

We define in a simple and timely manner a bear market which has undergone significant fluctuations and whose prognosis is generally not very positive in the eyes of investors. As can be seen, it is precisely the current situation of Bitcoin, which, after reaching its maximum value in late 2017 and early 2018, has collapsed throughout last year, which gives a very disappointing forecast. [19659002L'optimismeestessentielpourpouvoirvivreetsurvivremaissansactionsénergiquesilestdifficiledevoirlesrésultatsLamêmechoses'appliqueàlacrypto-monnaieenquestionMalgréuneconditionaussinégativequelachutede70%desonprixenquelquesjoursmêmesicelasemblepeucrédiblecelapeutêtretrèsattractifpourlesnouveauxinvestisseurs[19659002] As we & # 39; have said, those who have invested in their debut, yet they have done for & # 39; large sums of & # 39; money. For those who want to start now, it will be more difficult, but without a doubt, not impossible. In fact, it's the perfect time to buy Bitcoins and we'll tell you why.

The price of Bitcoin in January 2018 was $ 17,500, and in recent months it has fluctuated around $ 7,380. The price of this cryptocurrency has dropped more than 70% on more than one occasion (bear market), but in all of these cases, it has hit a new high.

The influx of business investors is a bright spot ]

When it comes to money , security is a key element to consider. And although Bitcoin operations have some anonymity, because the personal information is not provided, they can be traced through the blockchains in which they are recorded. Of course, there are several tactics that can be applied to buy and sell Bitcoins anonymously, but those who do not know them will surely be wary.

But precisely for this, before starting a business, the first thing we do is to investigate. the same and, of course, understand a little about financial issues. At the same time, we are looking for references from close people or reliable companies that can expose both the positive and the negative, and the same thing happens with digital currencies.

Although there are few ordinary citizens who have introduced this world, the truth is that its expansion has been undeniable. In this sense, it is very important to mention the fact that more and more institutions are starting to invest in Bitcoins, which translates into an excellent benchmark.

Let's find a meaning. Institutions tend to manage larger amounts than natural persons, which is why they use mechanisms and organizations that can guarantee the total security of assets. In addition, many small businesses started accepting Bitcoins as a means of payment

. All this translates into excellent acceptance by the general public, increasing the likelihood of further increasing its value. Thus, despite its bearish nature and its finite existence, Bitcoin offers total reliability to its investors. Although, of course, it is essential to know the means well.

Bitcoin and other cryptocurrencies represent various assets

Over the years, customs, thought, technology and the economy have changed. The best example of this lies in the past, in which bartering was the business form par excellence among human beings. Salt, spices and, later, money, which had physical forms such as coins and banknotes, and even managed to be transferred electronically through the web platforms of banking institutions

The aforementioned payment is subject to great risk, whether due to loss, theft, accidents in banking institutions, theft of identity, forgery, loss of words of passes and an infinity of factors. Perhaps for this reason at the present time there are many people who prefer to diversify the way we keep our money.

Before keeping money in cash, under the bed. Then in a bank. With cryptocurrencies, numerically, in our wallet, with password backup on our hard disk. However, the benefit of this is not precisely there, but in being able to easily change them into another tangible currency, as is the case of the US dollar.

As if that were not enough, and without the intention of discrediting our Bitcoin, there are other investment alternatives, as is the case of Ethereum, its great rival, not to mention a lot of other cryptocurrencies that are growing.

So, just as our assets are money, our money we keep it in different banks, with the wide range of existing criticisms, we also manage to diversify our assets, saving them from damaging factors such as the possibility of hyperinflation.

The price of bitcoin began to increase

We will close this post with good news that includes all the reasons explained above and that could lead to this push of which they need. Those who are one step away from starting to invest in cryptocurrencies.

After reaching his $ 5785 mark in May of this year, a value in which he had remained with incremental slight attempts, Bitcoin managed to reposition himself. reaching a value that exceeds $ 8300. This translates into a 30% recovery for cryptocurrency versus the month cited.

So, the conclusion is that, although at this point, mining is no longer profitable the large influx of miners, the truth is that it does not make any difference. is not too late to start investing in Bitcoins. Of course, the most prudent thing to do is to start now by buying a few dollars in this cryptocurrency. If you do well, you will increase your assets, otherwise you will not lose anything.