3 More reasons to trade Bitcoin.
Investing in Bitcoin is becoming increasingly popular. Popular cryptocurrency platforms like CoinBase, Binance and Cryptrader are making it easier than ever to acquire and trade cryptocurrencies and other financial instruments like CFDs. It’s no wonder that Bitcoin had a third price surge in 2021 and has been on a dizzying ascent for months.
Any serious investor would be negligent if they completely ignored the flagship cryptocurrency.
Let’s take a look at just 3 of the many great reasons to pick up some Bitcoin.
1. The Buying Power of BTC Keeps Going Up.
Does this sound familiar?
You have a job. You are compensated. You exchange your salary for other people’s labor.
I’d like to ask you a question. Is the money you earn allowing you to receive more of the job that other people do, or is it allowing you to receive less?
If you have held any of your country’s money over a period of time, you already know the answer. Inflation reduces the purchasing power of your money. This is due to the fact that the money supply is surpassing the amount of work being completed. As a result, having more money allows you to work less.
Investing in precious metals, on the other hand, is based on the assumption that your purchasing power will remain stable over time because of the metal’s demand for consistent labor.
If you have Bitcoin, though, your purchasing power will continue to climb. Quite a bit, actually. What exactly is the rationale for this?
Consider what would happen if the entire current money-making system was turned upside down. Consider a device that makes printing money out of thin air difficult.
What if, instead of making money being simple, the system required increasing levels of effort? What if, no matter how hard you tried, you could only finish a certain amount of work in a certain amount of time? What if that figure dropped further? Surely, reversing the initial procedure of just making any quantity at any time would raise, rather than decrease money’s purchasing power. Friends, this is Bitcoin.
With Bitcoin, inflation is flipped on its head. Accepting Bitcoin puts you in direct opposition to the process that causes money’s purchasing value to erode over time. The purchasing power of Bitcoin over time is thus the inverse of inflation: flip the inflation coin over, and Bitcoin is on the other side. Bitcoin, on the other hand, is not a currency that can be thrown away, but rather a type of cryptocurrency that you can use.
Forbes.com suggests that you’ll never have to worry about inflation again if you use Bitcoin. You’ll instead get the rewards of the polar opposite.
2. Why Choose Bitcoin? Because You Can CHOOSE To.
The fact that you are able to ask this question at all is the answer. Keep in mind that you are not given the option of choosing the currency (or the Euro, the Pound, etc..). You are born into a world where the dollar is money, where you must accept it as such by law, and where everyone else does as well. As a result, you make the assumption that it is money. However, a closer examination reveals that the dollar is neither fair, good, nor hard money. No one, on the other hand, has ever forced you or anybody else to use Bitcoin. No one will ever do such a thing. There is no legal requirement that you or anybody else accept Bitcoin. So, why should you consider it in monetary terms?
How could the dollar, which you must use, or gold, which will never improve, possibly compete with this? They are both undeserving of your vote. Bitcoin is the only entity on the earth that can improve and adapt to satisfy whatever requirements people have for money. Surprisingly, one of the qualities that people admire about Bitcoin is how difficult it is to change it, how slow it is to change it, and how meticulously every component of any modification is scrutinized. Incorruptibility is the term for this attribute.
So, what’s the big deal about Bitcoin? Bitcoin compels you to choose it, it must be deserving of your attention, making it consistently better money than any alternative. This creates a self-reinforcing cycle in which it gets better over time as more people embrace it. As more people use Bitcoin as a form of payment , it improves as a currency, causing more people to choose it, and so on.
3. Bitcoin is Forever.
It can only function within the confines of physics, which will continue to apply as long as the universe exists. The inability to locate Bitcoin is Bitcoin’s first line of defence against being halted. After all, stopping something you can’t see is difficult. Someone would have to shut down every single node on the earth at the same moment and keep them all shut down indefinitely if they intended to kill Bitcoin.
Conclusion.
Investing and HODLing Bitcoin is a long game. Trading it along the way can be your ticket to maximizing your potential returns over the short and medium-term. What was once a confusing process, acquiring and trading BTC is now an exceedingly easy process with the help of exchanges.
The world is moving toward the digitization of everything and buying Bitcoin and trading it on platforms like Cryptrader, CoinBase and Binance is an ideal vehicle to hedge against inflation, and ultimately to financial freedom.
Disclaimer
The content presented in this publication is meant for informational & educational purposes only and you should not construe any such information or other material as legal, tax, investment, financial, or any other advice. Nothing contained in this publication constitutes a solicitation, recommendation, endorsement, or offer by the author/s or any third party/ies to buy and/or sell and/or invest in any financial instruments.