Bitcoin has its fair share of up and down and public scorn. Once Warren Buffet also said that Flintstones had a better monetary system than cryptocurrency! But then, with the popularity and rise in the market value of bitcoins, it is hard not to get attracted to bitcoins. After all, we have seen individuals getting extremely rich due to their bitcoin investment. It is very easy to flow with the tide. But are you sure of your investment? Or are you looking into reasons for investment? Websites like trustpedia.io will help you in your trading journey by giving you the latest news, strategies and guides in trading Bitcoin.
Like every investment, bitcoins have their own set of risks like volatility and, of course, anonymity. It is like the best suit of cryptocurrency can also prove to be the worst suit of cryptocurrency. While it helps individuals maintain anonymity, it helps criminals and criminal organizations in their trade also. Now, this can prove to be dangerous at one point.
Whether or not to invest in bitcoins?
So, how to say whether to invest in cryptocurrency or not? I am here to say you sure can invest in bitcoin, but just don’t go overboard in the initial stage. As bitcoins can prove to be volatile, the promise of high returns is enough to make us invest. Cryptocurrencies, also known as secret money, are a concept and are available only with high-speed internet, so it has no significance in the real world, like no real-world value.
This can also prove to be a demerit with cryptocurrencies such as bitcoin. But then, with the discoveries like the meta-universe and such, the world is going more towards being digital than being traditional.
Below we have shared four points that make investing in Bitcoins worthwhile, and if you are interested in investing in bitcoins, then what better than an application that provides loyalty and trust like the Bitcoin Era.
Four points to remember when investing in bitcoins
1. High returns
The most important factor which has allured a lot of masses is high returns. Bitcoin has provided the highest return and is available digitally. The popularity of bitcoin is not much unheard of, with everyone talking about it on social media and practically everywhere. According to recent financial statistics, the equity amount of bitcoins is 14.5% annually. So even if you invest a small amount, then you are reliable in getting high returns after a certain period.
2. Quick and effective Transactions
Irrespective of whether you are in the town or away on the opposite side of the earth, if you have good internet, then you can do your bitcoin transactions efficiently and quickly. All you need is digital coins in your digital wallet then you are good to go.
This makes the limited geographical transaction go limitless and, of course, borderless.
3. No transaction charge
This is a feature that can help all those people who need to do transactions daily. With international transactions, this small amount becomes quite a high amount. With peer-to-peer transactions, no third-party involvement is required, and hence we do not have to pay one for any cryptocurrency or bitcoin transactions.
And it is quicker than traditional fiat transactions, which need a high-value transaction fee for any international transfer.
4. Decentralized Benefits
It is like cryptocurrency is money created by people and for the people, as there are no regulations set by the government on the crypto exchange or bitcoins. Since it is decentralized that even if the government does want to implement regulations, it would be highly impossible to do so in real-time.
Hence these bitcoin transactions are not only anonymous but provide the benefits of being a decentralized system.
Conclusion
But then, will all these features be sufficient to balance out the risks and cons of investing in Bitcoin. We would add only one thing to this discussion now. Bitcoin was created by people. Its value depends upon people, so as long as you think and believe that it has value, you are good to invest. After all, you are investing in what you believe in. How wrong can your belief be?