If perhaps you’ve been keeping an eye on the media at all over the last month or even so, you’ve undoubtedly seen a story or two about Bitcoins. For years this crypto-currency continues to be a favorite among Magic The Gathering fans and those looking to fulfill a chemical addiction without the authorities catching on.
With each passing day however, Bitcoins are finding their way into mainstream markets, and are poised to turn into a real choice to government issued money. Besides all this’s a steadily growing “stock exchange” for Bitcoins, which is making smart day traders a fortune. Could you be one of many day traders? Will your favorite online shop ever take Bitcoins? Let’s explore below so you can better understand why you ought to buy Bitcoins now.
The Exchange Rates Would be Favorable, For Now
Most people that elect to buy Bitcoins achieve this for the investment value. A little over a year ago Bitcoins were worth around 40 dollars each. Last month the currency reached an all time high at aproximatelly $206, and is currently holding steady in the $100 range. Fortunes have been made by buying Bitcoins and selling them at the best time.
The Bitcoin mini bubble burst last month, so this has scared off a couple of novice investors; but this’s in fact a consistent occurrence. The the main thing to realize is that whenever that the currency recovers, it jumps to an even larger price. It’s volatile; but very profitable. Furthermore, with a limited quantity of Bitcoins in existence the value is likely to continue climbing for the foreseeable future.
New Websites Actually are Taking Bitcoins Every Day
What drives that growth though? It isn’t only speculation, this would cause Bitcoin to collapse like so many other crypto-currencies of the past. Bitcoin survives and continues to expand since it is really seeing adoption online. Currently, this’s limited to singular outlets. Online clothing shops, service providers (coding, etc.), design, and other “novelty” products make up the vast majority of Bitcoin adopters so far; but they’re simply the very first wave.
Currently, PayPal is trying to uncover a way to adopt Bitcoin into the current model of its, and this also can mean that partner eBay isn’t far behind. This tends to lead to an explosion of Bitcoin use online. But there is an offline presence as well, with the very first Bitcoin ATM opening earlier this month. Content aggregation site Reddit had a post earlier this week depicting a convenience store which had its very own “We accept Bitcoin” sticker, the thing holding them back is better implementation.
Bitcoin Remains At The “Ground Floor” Stage
Probably The biggest reason that you need to buy Bitcoins though is this currency is still on the ground floor. crypto mining hardware to the currency seeing huge jumps in implementation and value in the near future. Those that are already invested in Bitcoin, and those that jump in during the immediate future, stand to see large returns on their investment.
Will you make the good choice, or will you kick yourself for missing out on the next big thing?