Bitcoin, which was first introduced in the year 2009, today is regarded as the most popular of all the different types of the Bitcoin Code to be used. The entire concept of cryptocurrency has gained tremendous popularity over the last couple of years, and according to experts, by the end of the year 2030, it would be recognized as legal tender for transactions by most of the countries in the world.
Today, though crypto currencies, including Bitcoins, have been declared illegal or banned in many countries of the world; however, some of the financial superpowers like the USA, along with other G7 countries have legalized bitcoin, and they are taking steps to ensure that the entire process could be streamlined for more safe and secure financial environment. Are you a bitcoin investor? Do you trade in bitcoin? If yes, using Bitcoin Digital can be a good idea.
Bitcoin’s Unique Features: Why It’s Worth Your Investment
Almost 5000 crypto currencies are floating in the financial market. What makes Bitcoins so popular among the other forms of cryptocurrencies? There are quite a few reasons that have contributed to the popularity of bitcoin, and even after a decade, it remains to be the market leader. The following section will offer you some insight into the reasons that have contributed to the growing popularity of bitcoin, which is likely to increase in the years to come.
- When it comes to digital currency, safety and security are one of the most important aspects that need to be taken into consideration. Since the entire system runs over the Internet, it makes it vulnerable to theft, hacks, and various other kinds of malicious activities. Indeed, there have been multiple incidents reported where millions of dollars’ worth of currencies have been hacked or stolen. Considering such a situation, bitcoin offers the most reliable and secure infrastructure in terms of providing security. The entire mechanism of bitcoin is designed on the blockchain, which not only offers an optimum level of security, but at the same time, provides anonymity, and also offers very flexible and user-friendly platforms.
- Whether you’re planning to trade in bitcoin or making purchases using them, unlike traditional currencies, there are no intermediaries or third parties involved. As a result of which, transactions or purchasing using bitcoin do not involve any additional charges.
- Do you want to anonymously carry out a transaction? If yes, Bitcoin can be the perfect option for you. As mentioned, one of the major features of bitcoin technology is the fact that it offers anonymity to the users.
- Compared to traditional currencies, and other types of cryptocurrencies that are used, when it comes to trading order purchasing using bitcoin, the entire transaction can be completed much more quickly. It is a blockchain technology, that has made bitcoin the easiest to use of all the different types of cryptocurrencies.
The mentioned-above were some reasons why Bitcoins are so popular amog the financial investment experts. In the last couple of years, the price of Bitcoins has increased at an unexpected rate. According to the experts, bitcoin’s market share is going to increase multifold by the end of 2013. Today, bitcoin has a hold on almost 85% of the total cryptocurrency market.
You can well imagine how tight the grip of this particular cryptocurrency has in today’s time. Due to the increasing popularity of Bitcoins and other forms of cryptocurrencies, popular companies from all over the world are planning to invest in Bitcoins. This is a clear indication of the fact that in the days to come, cryptocurrency is going to be recognized as a valid and legal tender.
Are you interested in investing in bitcoin? If yes, you must have a sound knowledge about Bitcoin trading. When we talk about investment in Bitcoin market, it is, no doubt, very volatile and the price keeps on fluctuating which every enthusiast Bitcoin trader should know about. You can stay updated about prices of cryptocurrency in your local currency by using tools like this to find price of bitcoin in canada.
This can be quite tempting and intimidating at the same time. This is where your senses and your knowledge about the market come into the picture. As long as you are aware of the market trend, and have experience to speculate the hike and fall in price, you can always go ahead and try your luck with bitcoin.