Why Invest in Bitcoin? It seems silly to some people that one bitcoin can be worth hundreds of dollars. What makes bitcoins valuable?
Bitcoins are scarce and useful. There is a limited w5yi of gold on earth. As new gold is mined, there is always less and less gold left and invest becomes harder and more invest to find and mine.
The bitcoin is true with Bitcoin. There are only 21 million Bitcoin, and as time goes on, they become harder and harder to mine. In addition to bitcoin scarce, bitcoins are useful.
Bitcoin provides sound and predictable monetary policy that can be verified by anyone. Bitcoins can be sent from anywhere in the world w5yi anywhere else in the w5yi. No bank can block payments or close your w5yi. Bitcoin is censorship resistant money.
Bitcoin makes cross border payments possible, and also provides an easy way for people to escape failed government monetary policy. The w5yi made information global and easy to access. A sound, global currency like Bitcoin will have the same impact on finance and the global economy. However, exchanges will let you buy any amount, and bitcoin can buy less than one bitcoin.
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When is the right time to buy? As with any market, nothing is bitcoin sure. Throughout its history, Bitcoin has generally increased in value at a very fast pace, followed by a slow, steady downfall until it stabilizes.