5 reasons to start investing in Bitcoin – BitcoInvest.cc

1. High Returns, High Risk Option

Cryptocurrency can be used for investment through three ways:

Holding on to Cryptocurrency: The cryptocurrency rates have increased multiple times over last 10 years. It came into existence in the year 2009 and the last five years have seen a lot of traction on the prices. If you are wary of trading, you can just buy cryptocurrency and hold on to this investment. This is akin to buying gold as an investment. However, take tiny steps and invest a small amount of money to begin with. You can sell your cryptocoins later for a higher price and reap in the benefits. However, make sure you keep your coins in an encrypted wallet like the one provided by BitcoInvest.cc to keep it secure from hackers or Trojans.

Trading: Trading literally means buying cryptocoins at a less price and selling it at a higher price. The prices of cryptocurrency are determined by the demand and supply mechanism. You need to constantly keep a track of your investment while indulging in trading.

Investing in Bitcoin mining: Mining of Bitcoins means that you are funding the miners or the companies who are engaged in solving blockchains to extract cryptocoins. Once these are generated, you get your share as per the terms and conditions agreed upon at the time of investment.

2. Trends are Positive

If you look at the trends of growth of cryptocurrency as an investment option, these are extremely positive. The year 2017 saw the cryptocurrency market surging to 1200%. This means that at the beginning of the year 2017, these digital assets were pegged at $17.7 billion. At the end of 2017, this figure stood at $230.9 billion. This has been due to the increasing interest of both retail and institutional investors with some big names in the business also opting for this investment.

The cryptocurrency market has also increased and ICOs (Initial Coin Offerings) made by many of the cryptocurrency exchanges have added more people and companies in the investor list. These trends are so far extremely positive although the risk remains.

3. It is a Scarce Resource

Cryptocurrency is a scarce resource. If we consider Bitcoin which is the oldest cryptocurrency in the market, then it would be interesting to note that there are only 21 million Bitcoins that can be mined at an overall level.

4. It is Immune to Any Monetary Policy

Cryptocurrencies are not bound by any monetary policy and are totally devoid of concepts like inflation and recession. Investing in digital currency means that you do not have to worry about the impact that Government’s policies can make on currency. The only concern is that if any of the Government bans this as an accepted method of payment. This is the only news that you have to really watch out for.

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