Why do people buy bitcoin

Governments around the world are racking up enormous national debts. In recent years, digital currency exchanges have been plagued by hacks, thefts and fraud. Of course, thefts also occur in the fiat currency world as well. Oscar W Dec Bitcoin has immense utility as a censorship-resistant store of value. Bitcoin itself is secure, but bitcoins are only as secure as the wallet storing them. Buy Bitcoins The above information should not be taken as investment advice.

A Brief History of Money

Investing in cryptocurrencies and Initial Coin Offerings «ICOs» is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or ICOs. Since each individual’s situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained epople. As of the date this article was written, the author owns no why do people buy bitcoin. On Feb. It may seem hard to believe that a digital currency could be worth thousands of dollars.

Why Bitcoin is Gaining Traction

I myself are a altcoin longterm holder, so not going against altcoins here just want to hear your reason for investing altcoin instead of just holding Bitcoin. I like to think of myself and have proven myself wrong many times over in crypto as mathematical and analytical of trends. You start reading the whitepaper or reddit and easily imagine that altcoin taking 5 in the market cap. We just want to have a pint with the fuckers from Apollo 11 but learning the hard way. Because I am greedy.

Why Bitcoins Have Value

Blockchain Explained A guide to help you understand what blockchain is and how it can be used by industries. Bitcoin could be the answer. Bitcoin has exhibited characteristics of a bubble with drastic price run-ups and a craze of media attention. As why do people buy bitcoin of their monetary policy, most governments maintain some flexible control over the supply of currency in circulation, making adjustments depending upon economic factors. Key to the maintenance of a currency’s value is its supply. As I already mentioned, I am not a financial advisor; all of these are NOT meant to be financial advises. Individuals must be able to reliably trade units of the currency for goods and services. Generally, Bitcoin holds up fairly well in the above categories when compared against fiat currencies. It is for general knowledge purposes. The reason why this is significant is that this leads bitcoins to have excellent stock to flow ratio.