You’ve probably read about Bitcoin before, considering the popularity of digital currencies and the abundance of cryptocurrency news available across the internet. But you might not have come across an article that is designed specifically to change your mindset about Bitcoin and other cryptocurrencies.
My primary objective isn’t to start diving into the intricate background of what created Bitcoin and what it all means. What this article is meant to do is to explain to you the top reasons that you should be investing in this miraculous cryptocurrency, as per the advice of leading digital currency news outlets like DCForecasts.com.
Bitcoins Birthed All Other Cryptocurrencies:
Bitcoin is the undeniable mother of all cryptos. Not only is it the most well known of cryptocurrencies, it is the one that emerging cryptosystems are trying to emulate. Bitcoin’s open source code is a base made available for other developers to build on. So any new crypto that is released is essentially an (essential) alteration to the original Bitcoin code. A decade ago, there weren’t even any rivals to Bitcoin in the digital currency market.
No Third Parties:
No established government can control or regulate Bitcoin or other forms of cryptocurrency. Bitcoin databases keep every redundant copy of a transaction, making regulation unnecessary. This also benefits investors because it means that the government cannot freeze their wealth.
Bitcoin is The Digital Reserved Currency of The Internet:
In the financial market, what is the base currency for transactions? It is the currency of the region, for instance, US dollars.
Cryptocurrency news sources revealed that Bitcoin is the base currency for transactions in the cryptocurrency world. Being the reserve currency of the internet, cryptocurrency is listed and priced in Bitcoin, due to the high volume and liquidity of the market.
Exchanges feel more confident about making transactions in Bitcoin. This continues to develop the demand for Bitcoin.
Compared to other transaction forms, Bitcoin charges cost little. Since there is no third party involved, users can move Bitcoin back and forth to pay for goods and services without incurring extra charges.
Bitcoin is Traded on Wall Street:
The Wall Street Market lists two financial instruments backed by Bitcoin, getting the Bitcoin Electronic Tradeable Note listed in the stock exchange.
Just like there are no transaction fees, there are no taxes on Bitcoin transactions because there are no third parties involved. Government agencies are also unable to influence the transactions.
Are you ready to invest in the greatest cryptocurrency on the market that is still experiencing growth today? If so, start by checking out some of the incredible crypto news resources and guides available at https://www.dcforecasts.com/.
Crypto Analysts: 2019 May Be A Year Of Bitcoin Accumulation
“Similar to 2015, 2019 may be the year of accumulation.’’Another crypto researcher Willy Woo said that while a crash of bitcoin to $3,122 could lead to an increase in volume, it won’t show signs of starting of the accumulation period. He pointed out:
‘’Despite the technical setup that suggests bullishness is possible, there’s not a lot on-chain volume to fuel a prolonged up move. What we saw in the last 7 weeks was a spike of on-chain volume driven by volatility, coins moving to exchanges to trade. The initial volume spike false signalled a faster detox and an earlier end to the bear market, but in fact it was a volatility side effect. That move from $6k to $3k created immense trade volume, but it was in no way a signal that accumulation volume had begun.’’Until evidence for the accumulation of crypto assets shows up, there are still expectations of high volatility levels.
Scott Galloway Of UCLA Believes Crypto Will Get Worse In 2019
‘’VR and crypto go from bad to worse. AI fails to live up to the hype. 3D printing rises from the ashes. Smart cameras become a hot category.’’His assessment seems to be accurate but can the crypto market prove to be the odd one out? This can be so since many industries are really committed to the crypto sector. Companies such as Fidelity, ICE, and Nasdaq have funded at least five projects in the crypto space over the past year. Venture capitalist Jim Breyer even said:
“So many of the very best computer scientists and deep learning Ph.D. students and postdocs are working on blockchain because they have so much fundamental interest in what blockchain can mean. You don’t want to bet against the best and brightest in the world.’’
Pantera Capital CIO: “Bitcoin Will Not Succeed As Money”
"Bitcoin created the ability to send money around the globe cheaply and easily without having to trust a third party," Krug was confident.He also went on to discuss several revolutions in the past, from the information revolution triggered by printing press up to the telegram, telephone, radio, television and finally, the Internet. When asked about finance, Krug believes that the industry has made leaps of progress such as increases in execution speeds, online user interfaces, brokers etc. However, he stated that a financial revolution powered by the blockchain could advance us into a next era where money, value and finance will all be coordinated thanks to crypto.
"This infrastructure will be borderless, cheap, quick, and, most importantly, will let people trade on things they’ve never been able to exchange before, and if markets for those don’t exist yet, it’ll let them create it," Krug concluded.
Scottish Man Sentenced To Prison For Buying Firearms On The Dark Web With BTC
‘’You claim that you had no intention of causing harm to anyone but the fact remains that you went to considerable lengths to get hold of a potentially lethal weapon and ammunition. You must have appreciated that this was unlawful. For this conduct you must be punished.’’This case is only a number in the series of similar cases where bitcoin is used to carry out illegal activities on the dark web.
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