Before moving further, first we need to be clear about the concept of Bitcoin. It is a new form of currency that was invented by an ambiguous person using the assumed name Satoshi Nakamoto in the year 2009. It is a unique currency system in which transactions of money are made directly amid two persons or parties without the involvement of any third person or party. It means it is a direct payment mode in which even banks are not involved.
No transaction fee is charged during transfer of money and at the same time, you need not disclose your real name. It is acceptable in all types of businesses and services and hence you can avail of the same without experiencing any problems. In simple words, Bitcoin is a software-based online payment system in which transactions are recorded in the relevant currencies being used and these are called as Bitcoin. It is worthwhile to invest in Bitcoin due to multiple reasons.
Low inflation risk- As compared to other currencies being used worldwide, there is lower risk of inflation or what is called as price rise as far as Bitcoin is concerned. It is due to the reason that unlike other currencies, Bitcoin is not controlled by any governments. It operates independently and globally. At the same time, there is never shortage of Bitcoin currency as it is infinite. Plotting a bitcoin graph here or anywhere clearly indicates this point. So risk of inflation is low or even you can say totally zero.
Low falling risk- Since Bitcoin is a global currency therefore the risk of falling of this currency is totally nil or quite low. It is independent of any government policies and hence quite safe to be invested in. It can again be clarified by plotting a graph hereinvolving various leading of the globe.
Portability– Owing to the online payment mode relevant to Bitcoin currency, it can be carried in the form of a memory card anywhere anytime without having to face any problems. Even you can carry millions of dollars or Euros in the form of Bitcoins easily. So there are no problems as far as portability or movement of this currency is concerned. That is why it is worth investing in this wonderful currency.
Easy to use- As far as use of Bitcoin is concerned, it is quite easy to be used. The transactions involved with the Bitcoin currency system are simple and easy to be handled. There are no chances or missing of any transactions or any problems in the execution or recording of transactions. It is all due to absence of middlemen or banks. The transactions are direct and clear. Also the Bitcoin currency is quite cheap as compared to other currencies.
No tracing of the Bitcoin currency– It is yet another advantage related to the Bitcoin currency. It is because there is direct transaction amid seller and the buyer and hence money that goes to the seller can’t be traced back. There is no system involved that can help any government to trace the real source of the funds owned by any person, company or institution.
Keeping in view all these benefits, it is worthwhile to invest in Bitcoin.
