Crypto is comparatively a new flanged investment vehicle initiated by the inception of the pioneer of cryptocurrencies, bitcoin. Platforms offer bitcoin trading features like accurate and précised strategies for becoming an independent trader. Moreover, you will get live customer support. The fundamental perk of bitcoin is a costless transaction, whether international or local, through the peer-to-peer network of bitcoin. So, if you are planning to trade Bitcoin, you may consider knowing about Bitcoin Trading Robot.
In the bitcoin ledger, the transaction is verified by miners, and most individuals are paid with the transaction fees by the users. In addition, the value of bitcoin is a great deal volatile compared to other investment vehicles.
The price of bitcoin widely fluctuates daily, but it is reported that at present, 1 BTC = $40000, which exceeds the value held by gold. These benefits make bitcoin a lucrative investment vehicle for commoners and corporate houses across the globe. So let's find out the benefits that are possible to acquire through bitcoin investment.
Massive Returns:
Bitcoin is a speculative vehicle with high volatility compared to fiat currency. However, if one invests in bitcoin at the right time, he can secure massive returns within a year or two. Some investors have secured up to thousands of percent within a few years. The main reason behind this ROI is the adoption of bitcoin as a standard payment medium which helps retain the value of its holder's wealth.
Let's compare these massive returns with standard investment modes like gold and stocks. Gold has an average ROI of over 50%, but one cannot carry it daily; all the more, it requires ample investor time to gain benefits from it, unlike bitcoin. On the other hand, the ROI of stocks is comparatively moderate/low compared to bitcoin.
Speculative Nature of Bitcoin:
The speculation is a crucial reason behind the explosive ROI of bitcoin. Bitcoin has impeccable volatility because of its speculative nature, which compels most investors to put their money into it to gain higher returns.
Speculators invest their money in the hope of earning good returns, which can be more than their expectations at present, and it further makes them invest more and more in bitcoin. This speculative nature is a vast demand puller for bitcoin and other cryptocurrencies, and it is possible through these bitcoins to acquire massive ROI without any risk factor.
Futuristic Approach:
In this era of digitalization, conventional investments like gold and stocks are no longer as lucrative as they used to be. On the other hand, bitcoin and its fellow cryptocurrencies can prove suitable for long-term investment. It helps reduce the financial risk of individuals across the globe by holding bitcoins for the long term. Moreover, it can be purchased at cheaper rates because of its comparatively lower price than past prices.
Mass Adoption and Industrial Growth:
Bitcoins are being increasingly adopted across the globe. People in all parts of the world are investing in bitcoin because of its futuristic approach and lack of volatility. In addition, the country has also recognized cryptocurrencies as a mode of payment. As a result, it has lifted restrictions from cryptocurrency exchanges and initial coin offerings (ICOs), making it even more preferred for investment.
The US-based company Coin base recently revealed that more than $3 billion investment is being made daily through bitcoin. Banks Are Ready to Join the Movement The mainstream adoption of bitcoins and its fellow cryptocurrencies by individuals, enterprises, and even banks is a massive boost for their growth.
A few banks have begun to show interest in integrating blockchain in their systems. However, most eagerly await to start working on blockchain projects with bitcoin/cryptocurrency holders shortly.
Even though many benefits are possible to acquire through cryptocurrency investment, there are few risks. However, a novice investor may face problems understanding its functioning, value volatility, and inadequate working of exchanges that could lead them to losses if not taken care of properly.
International Transactions with ease:
International transactions are quick and secure as it is done through the peer-to-peer bitcoin network. With a free internet connection, people can perform bitcoin transactions within seconds across the globe at minimal cost, whereas international transactions are very costly. In addition, sometimes international transactions can be delayed by several days, and they can even be stopped entirely in case of an unforeseen event like government or business sector intervention. Inherently, bitcoin/cryptocurrency creates a decentralized ecosystem and lower transaction fees, allowing individuals to save a lot from their hard-earned money every year.
WRITTEN BY
Siarra K