Bitcoin remained one of the widely discussed topics across the globe in the year 2017. It is true that in the current year it is gaining more popularity.
Of course, it’s the best thing that happened to many people and currently, there are around 60 million people across the globe that has shown great interest in it.
There is still a huge population who doesn’t have much idea about Bitcoin and they often look here and there to know about it. Even you could be one among them who need to know what exactly bitcoin is, where to get it and in what way it can help you.
If so, this guide is for you and you can easily keep up the pace with the same without going much into the technical details. If this is the first time you are dealing with a digital currency, this information is quite useful for you. Here are the top 10 reasons why you should learn Bitcoin.
10. Its safe and many organizations are considering it
It was first introduced in the year 2008 and all the transactions are fully transparent. This is one of the leading reasons why Bitcoin gained popularity in the shortest possible time.
* Many news agencies started publishing the news related to it.
* Many large scale organizations such as REEDS Jewelers, hospitals, IT companies such as * Microsoft and Dell started accepting it.
* All the information about the price index, API, as well as exchange rate, is available easily.
* It is allowed to make payments to various vendors through bitcoin.
* The good thing is all the transactions are secured and encrypted with a 16 digit code.
* A lot of goods and services can be purchased through Bitcoin in different parts of the world.
* The Bitcoin funds are basically encrypted in a public key.
* This generally includes a cryptography system.
Only those who own the private key can send the cryptocurrency. The security keys are long chains of random and thus it contributes a lot to the security and the safety. Anyone can trust bitcoin and it’s one of the finest cryptocurrencies that can help you to keep up the pace.
9. All transaction is Irreversible
* It must be kept in mind that all the Bitcoin transactions are irreversible and cannot be reversed once they are done by the user.
* This issue can even be highlighted as one of the safety concerns of Bitcoin. This is because even if a hacker steals the same, the transactions are still irreversible.
8. Bitcoin is Global
* The transactions are quite fast and it really doesn’t matter where you want to send them.
* Even in other parts of the world, they can be sent instantly. However, it should be kept in mind that the transactions are not fully valid in all the countries.
This gives you no reason to worry when you have to send the cryptocurrency to most of the locations across the globe.
7. An excellent Future scope
There are many famous economists across the globe who have predicted that Bitcoin keeps increasing its value in the coming years. Thus buying or exchanging this cryptocurrency assures a good future in the time to come. Those with basic knowledge can easily keep up the pace.
* Even Tyler Winklevoss who is the co-member of Facebook recently called bitcoin one of the best currencies in the world which is free from human errors and politics.
* Rick Falkvinge, who is the founder of the Swedish Pirate party said “Bitcoin will do exactly the same to the banks that e-mails did to the posts” This seems true up to a very good extent in the present scenario.
This gives you a leading reason to boost your knowledge about this cryptocurrency and have numerous benefits at the same time.
6. It can boost your bank balance
There is nothing wrong to say that Bitcoin can boost your bank balance in the shortest possible time. There are many factors that support this statement.
* The demand for Bitcoin has been increased a lot in recent years.
* Those who have some stored bitcoins with them are able to sell them at a much higher price than what they actually invested.
* Many experts predicted that the bitcoins will go even higher in the time to come.
Those who have some basic knowledge about cryptocurrency can simply enhance their bank balance under the guidance of an expert.