If you have been keeping an eye on the news at all over the last month or even so, you have undoubtedly seen a story or even 2 about Bitcoins. For years this crypto-currency has been a favorite among Magic The Gathering fans and also those looking to fulfill a chemical addiction without the authorities catching on.
With each passing day though, Bitcoins are finding their way into mainstream markets, and are poised to be 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 the day traders? Will your favorite online shop ever take Bitcoins? Let us explore below so you’ll be able to better understand why you need to buy Bitcoins now.
The Exchange Rates Happen to be Favorable, For Now
Most people who choose 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 about $206, and is currently holding steady in the hundred dolars range. Fortunes have been made by buying Bitcoins and selling them at the right time.
The Bitcoin mini bubble burst last month, thus this has scared off some 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 higher price. It’s volatile; but very profitable. Additionally, with a small quantity of Bitcoins in existence the value is likely to continue climbing for the foreseeable future.
New Websites Happen to be Taking Bitcoins Every Day
What drives that growth though? It isn’t just speculation, this would cause Bitcoin to collapse like so many other crypto currencies of the past. Bitcoin survives and continues to develop since it is actually seeing adoption online. Presently, this is limited to singular outlets. Online clothing shops, service providers (coding, etc.), design, and other “novelty” products make up the majority of Bitcoin adopters so far; but they are just the first wave.
Currently, PayPal is trying to uncover a method to adopt Bitcoin into its current model, and this also may 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 that had its own “We accept Bitcoin” sticker, the only thing holding them back is better implementation.
Crypto Remains to be At The “Ground Floor” Stage
Probably The biggest reason that you ought to buy Bitcoins though is that this currency is still on the ground floor. All indicators point to the currency seeing huge jumps in value and implementation in the future. Those who are already invested in Bitcoin, and people who jump in during the immediate future, stand to see big returns on the investment of theirs.
Will you make the wise choice, or will you kick yourself for missing out on another big thing?