by blockchainguru | Oct 27, 2020 | Bitcoin, BTC, btcinvest, Investments |
Bitcoin&Co. in everyday life
Bitcoin is meanwhile really nothing new and actually everyone knows this crypto currency. Most questions are whether it is still worth investing in Bitcoin?
One does not become rich overnight!
The persons, who are from the outset thereby in Bitcoin are meanwhile millionaires and paid besides no cent for the Bitcoin, since they mined from the outset. But even these did not become rich overnight, it took several years until the Bitcoin really gained in value. Today it is no different. Whoever buys Bitcoin today should not think that he will become a rich man overnight, but should think longer-term. I’m sure the Bitcoin will reach $100000 and maybe even more, but that happens intermittently and then in a few years. But I buy Bitcoins every two weeks (I have a savings plan at Bitpanda) and I am sure that in a few years I will benefit from it. If it goes down or up a bit, I don’t care, because I think longer term.
Alternative Investment
Bitcoin is certainly a good investment for the coming years and decades. The possibilities are certainly not as huge as when you were there from the beginning, but at least the potential to make ten times your investment is not bad either? I know from a reliable source that the rich have at least invest 1% of their assets in Bitcoin and they know why. They have the best consultants and sources and therefore they see a bright future in their investment in Bitcoin.
Yes or no to crypto currencies
Conclusion: Yes, I would recommend everyone to buy Bitcoin and even some other coins, but not with the expectation of being rich overnight. It is an investment for the next few years or decades. So make yourself a savings plan and buy some Bitcoins every few weeks. If you click on the following picture, you will find a good dealer with good prices and about 30 other coins you can buy.
A good dealer from Austria
by blockchainguru | Oct 27, 2020 | Bitcoin, BTC, btcinvest, ETH, Ethereum, Investments |
In addition one should know that there are meanwhile thousands of crypto currencies and each Coin means to solve something else better than Bitcoin. Some may have an advantage over Bitcoin, but something makes Bitcoin simply unbeatable and will not replace Bitcoin in the near future.
What makes Bitcoin so special?
What makes Bitcoin the most valuable crypto currency is not the price, but since it was the first to exist it has built the largest field of participants. Bitcoin is so strong because there are thousands of nodes that make the network incredibly secure. It is truly decentralized. This is the inestimable value of Bitcoin. Other crypto currencies have a faster block chain or something better, but no coin has as many members as Bitcoin. That was not simply given to the Bitcoin also, but by years of hard fought circumstances of volunteers Bitcoin became that, to which it became today.
Bitcoin is really decentralized?
There are some coins, they have different consensus procedures and there you have to ask yourself how decentralized this currency really is? Whole companies are behind it. But with Bitcoin, no one is behind it and the network is defined in the code so that no one can control the network either. Ok, there are the Bitcoin whales who own many Bitcoins, but more than manipulate the price they can do nothing to damage the network. Bitcoin is and remains decentralized, no matter how many whales there are, but no one can shut down the network or manipulate the transactions.
Therefore, Bitcoin will certainly keep its value or rather continue to increase, since there are fewer and fewer Bitcoins with time.
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