ZoneBitcoin EditorialAre you considering investing in bitcoin? Are you hearing more and more about it, whether in the media or even from your neighbors? Yes, bitcoin has become somewhat commonplace, and you don't want to be the last of your friends not to have one.
Besides, I bet you must have heard about these people who became millionaires thanks to bitcoin. Guys who have nothing to envy you and who became rich overnight thanks to a few bitcoins...So, you say to yourself that you too have the right to have your share of the pie?
Well, know that you are right! We all have the right to participate in this tremendous revolution – which will most certainly be studied – in story books by our children.
But, before investing in bitcoin and having your very first bitcoin, it would be good to explain some basic things.
I'm speaking in particular to people who are not at all familiar with bitcoin or cryptocurrencies, eh. This article is indeed ideal for people who are still hesitant to buy bitcoin.
There are the detractors, there are the anti-bitcoins (few in number but certainly) and then there are the eternal skeptics who can influence your judgment.
Here, we give you five reasons why you should calmly consider your investment in cryptocurrencies and bitcoin in particular.
Note: Bitcoin with a capital “B” refers to Bitcoin the blockchain network or Bitcoin as a payment system. In contrast, bitcoin with a lowercase “b” refers to bitcoin as a currency or bitcoin as a monetary unit.
1/Bitcoin is based on innovative technology
It's stimulating to participate.
The world is becoming more and more dependent on the Internet, as you know. Likewise, our smartphones have become extensions of our hands. In less than 20 years, the human condition has completely changed thanks to the internet.
And, there, we say to ourselves, that humanity will never go further. We have the vague but certain feeling that we have reached the apogee of technological mastery on the Internet. Who would have thought that you could order a pizza, a driver and sleep in a bohemian fisherman's cabin with the click of a button?
It's thanks to the internet. Ok, but then? Afterwards, quite simply, it’s blockchain time!
We are still in the early stages of this new technology that is blockchain. We only see a glimpse of this with cryptocurrencies.
We already know that bitcoin is a very advanced currency compared to traditional currencies. Without borders, without a single holder, without a single issuer. Bitcoin appears to many people as indeed the future of money.
2/ Bitcoin remains a high-yielding financial asset
In any case, its potential is enormous.
This explains the ever-increasing enthusiasm for bitcoin and cryptocurrencies in general. Many people are looking to invest in bitcoin as they would a safe financial investment. They invest in bitcoin like they would invest in gold.
If we often refer to bitcoin as virtual gold, it is no coincidence. It is also no coincidence that we talk about bitcoin mining or bitcoin mining, just like for gold. Bitcoin and gold are rare as these assets are physically limited.
There will only be 21 million bitcoins. Not one more. And I'm not going to talk to you here about the law of supply and demand so that you understand that there are many more of us than the number of bitcoins available on the market.
This is the second reason that could push you to invest in bitcoin: to build up financial assets which have every reason to increase in value over time.
3/ Bitcoin is increasingly regulated
This is certainly the argument that appeals to the most skeptical investors about bitcoin. Cryptocurrency regulations have become more robust. More and more governments and institutions have legislated on bitcoin.
Quite clearly, the presence of regulations has helped to calm the fears of potential investors and provide a better basis for future investments.
Many countries are extremely open about cryptocurrencies. The list continues to grow, but here I would cite Malta, Singapore, Switzerland, Japan and Germany – for their most precise and tolerant laws. There are even countries that have formalized their state currencies in cryptocurrency. And, I'm not just talking about Venezuelan Petro !
Legal regulations reduce uncertainty and provide a significant boost to cryptocurrency activities. On the other hand, stricter regulations help combat cryptocurrency scams and scams.
4/ Investing in bitcoin has become so simple
I know that for some people, investing in bitcoin can be scary from the outset. I can totally understand that. Besides, I remember the first time I bought bitcoins, it really wasn't easy! And it was so complex.
Frankly, it has never been easier to invest and everyone who has followed the evolution of bitcoin can attest to this.
I remind you that at the time there was no simple platform to buy bitcoin by bank card for example, like Coinhous to or Coinbase.
There, in a few clicks, you own bitcoins. It's as simple as buying a t-shirt from any store. Really.
In addition, the entry ticket, to use investor jargon, is very accessible. You can even invest very small amounts, to have satoshis (fractions) of bitcoin. Of course, this isn't how you'll get rich, but it's a good start.
4/ Investing in bitcoin opens up other fields of possibilities
Most people you talk to about bitcoin today think there is no opportunity left. They say to themselves that it's too late, that you've already missed the cryptomillionaire train. There may be a grain of truth in this, but there is still much work to be done.
It's true that we still talk a lot about bitcoin and sometimes only bitcoin. However, investing in bitcoin is only one way.
There are more and more cryptocurrencies with projects that are just as interesting as each other. These new blockchain-based projects alone represent excellent investment opportunities.
What I mean by that is that the exponential returns we experienced with bitcoin will perhaps be reproduced with other cryptocurrencies.
Today's crypto investor can broaden his horizons and generate equally significant returns by expanding his investment to other emerging alternative cryptocurrencies such as Ethereum or Litecoin, two cryptos with high potential.
Note: If you are making an investment, note that any type of investment is a risky business and, as a general rule, you can only invest the amount you are willing to lose. The path to crypto investments carries a number of risks, as with the majority of financial investments.
Conclusion: Should you invest in bitcoin again?
If you read this article with as much enthusiasm as I had writing it, then you most certainly want to shout in unison (?): YES! YES AND YES!
Rest assured, you are not alone. Investing in bitcoin in 2019 certainly remains a very good way to invest in an asset of the future.
I add in conclusion that investing in bitcoin opens up countless possibilities for the blockchain. This technology is trying to revolutionize several sectors and not just finance.
This is also why there are so many crypto enthusiasts! They have become aware of the strength and potential of the blockchain. The sports, insurance, medical, education, transport, science sectors, all these sectors and many others could be greatly improved thanks to blockchain technology.
Today it is not a conviction, it is a fact. If you understand the potential impact of Bitcoin, it won't be difficult to see why investing in Bitcoin can be a great idea.
This article was sponsored by Coinhous to, the secure platform to buy bitcoin, litecoin and ethereum easily and by credit card.
