Should You Invest in Bitcoins?
Cryptocurrency is gaining explosive popularity and captured public recognition... although it's been around for a few years
Bitcoin is the first digital cryptocurrency and it has gained a lot of attention and acceptance by the public and many retailers alike. A bitcoin is basically an encryption key, kept in the ledger of its trader. Ownership of the encryption key entitles the trader to trade it for goods, services, or other types of cryptocurrency, with names like Ethereum, Ripple and Litecoin.
Bitcoin is equivalent to Gold Wildfire , it can serve as a hedge but not as a safe asset like GOLD but surprisingly it’s more than holding its value, it is not real like the physical dollar , and its value can fall as fast as it rises in the world of cryptocurrency.
In 2017, Japan's sudden decision to start recognizing it as legal tender ,came as a booster to the cryptocurrencies exchange which seems to have led directly to the current run-up. Markets in Japan and South Korea recently priced it at $2,350 per coin thus causing a rally in other cryptocurrencies also.
Bitcoin are the most hot investment destination of present time if you compare the return of FD, RD, MUTUAL FUND, STOCKS, BONDS AND BITCOINS. While not all merchants currently accept Bitcoin, its price has been rising, its share of the total cryptocurrency market share is now less than 50% as the total market size of other Crypto-currencies combined like Ethereum, Litecoin, Ripple and many others
Before you can decide if you should invest in Bitcoins there are a few things you need to understand and consider.
This Bitcoin Buzz Report will help you understand the basics of working with this popular currency. .