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/.
Fundstrat Global Advisors: Bitcoin Will Take Weeks To Repair The Technical Damage
“This week’s breakdown produced significant technical damage that will likely take weeks, if not months, to repair to create a durable enough price ‘structure’ to support a multi-month rally.”Just 24 hours ago, Bitcoin declined below the $5,600 price mark for the first time since October 2017. It looks like losing the support level of $6,000 is a dangerous motion for many industry players especially those who have a business model that is supported on a client pool. The market slump caused many shares of crypto companies to decline by more than 3 percent. However, Rob Sluymer continued to explain that the year-end trend is not broken yet and that stocks of the sectors that are hit the hardest are expected to grow. Earlier this year as well, Tom Lee said he believes that by the end of 2018 Bitcoin will trade between $22,000 and $25,000 and that he expects the volatility to be much higher. In November 2017, Michael Novogratz, the CEO of Galaxy Digital claimed that Bitcoin has to ‘’take out’’ $6,800 if it were to reach $9,000 by the end of the year. He also predicted that this major cryptocurrency could reach up to $20,000 or more in 2019.
ECB Board Member: Bitcoin Is ‘The Evil Spawn Of The Financial Crisis’
“Few remember that Satoshi Nakamoto, the inventor of Bitcoin, embedded the genesis block with a Times headline from January 2009 about U.K. banks’ bailout. In more ways than one, Bitcoin is the evil spawn of the financial crisis.”He acknowledges the enormous interest in this technology but he believes that it is highly unlikely that a central bank digital currency will be issued soon, especially not in the next ten years. The director of the International Monetary Fund Christine Lagarde spoke at the Singapore Fintech Festival where Lagarde urged the entire community to really consider endorsing central-bank issued digital currencies because they could potentially satisfy public policy goals such as financial inclusion. Of course, Coeure’s arguments were totally on the contrary. Also, Stanley Yong’s opinions who is the Chief Technical Officer of IBM, totally different from those of Couere’s, noting that the central-bank issued digital currencies are the only way to mitigate risks that once happened in the Lehman case back in 2008.
5% Of Moscow Residents Who Use Non-Cash Methods Are Open To Using Cryptocurrencies
“In order for non-cash payments to penetrate into the lives of a larger number of citizens, people should also change their perception to understand that this is a safe method of payment.”
Crypto Market Capitalization Has Fallen To A New 2018 Low
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- Fundstrat Global Advisors: Bitcoin Will Take Weeks To Repair The Technical Damage
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- 5% Of Moscow Residents Who Use Non-Cash Methods Are Open To Using Cryptocurrencies
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