If you’ve been watching the news for the past month or so, you’ve undoubtedly seen a story or two about bitcoins. For many years, this cryptocurrency has been a favorite with Magic The Gathering fans and those looking to become addicted to chemicals without being caught by the authorities.
With each passing day, bitcoins find their way into the major markets, and are preparing to become a true alternative to government-issued funds. On top of all this, there is a steadily growing “exchange” for Bitcoins, making smart traders a fortune. Could you be one of those traders today? Will your favorite online store take bitcoins? Let’s explore below so you can better understand why buying Bitcoins now.
The exchange rates are favorable at the moment
Most of the people who choose to buy bitcoins do so for the value of the investment. Just over a year ago, Bitcoins were worth around $ 40 each. Last month, the coin reached an all-time high of around $ 206, and is currently flat in the $ 100 range. Riches were made by buying and selling bitcoins at the right time.
The bitcoin mini-bubble burst last month, and this has sparked concerns among some novice investors; But this is actually a fixed event. The important thing to realize is that every time a coin recovers, it jumps to a higher value. It is volatile but very profitable. Additionally, with the limited number of Bitcoins in existence, the value is expected to continue to rise for the foreseeable future.
New websites are taking bitcoins every day
What is driving this growth though? It’s not just speculation, it would cause Bitcoin to collapse like many other cryptocurrencies in the past. Bitcoin remains alive and continues to grow as it is already seeing online adoption. Currently, this is restricted to individual outlets. Clothing stores, online service providers (coding, design, etc.) and other “new” products make up the majority of Bitcoin users to date; But they are only the first wave.
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Currently, PayPal is trying to find a way to adopt Bitcoin in its current model, and this could mean that an eBay partner is not far behind.
This will lead to an explosion of Bitcoin online usage. But there is also an offline presence, with the first Bitcoin ATM opening earlier this month. The content aggregator site Reddit had a post earlier this week depicting a small store with their own “We Accept Bitcoin” poster, the only thing holding them back is better implementation.
Bitcoin is still in the “ground floor” stage.
The biggest reason why you should buy Bitcoins is that this coin is still on the ground floor. All indications are that the currency is experiencing massive jumps in value and execution in the near future. Those who have already invested in Bitcoin, and those who jump in the near future, expect to see huge returns on their investment.
Will you make the wise choice, or will you kick yourself for missing the next big thing?