March 12th, 2018
Bitcoin is in the same position that the Internet was in in the early 90s. Bitcoin is still a new development and its true beauty has yet to shine through. Experts believe that this new digital currency system will take even a little longer before all of its positive attributes are brought to light. Just like how the Internet took time to develop HTML, modern-day browsing, and fast downloading speed, Bitcoin is passing through a similar growth period-with the best yet to come. Bitcoin enthusiasts will still have to wait a little longer before they see the “Google” of Bitcoin.
Bitcoin has quickly become this year’s buzzword and many people want to know more about this exciting digital currency. Investors from across the globe are showing interest in this new system. The breakthrough of Bitcoin is possibly one of the best technological advancements that have taken place since the birth of the Internet. The Internet gave free distribution of information, while Bitcoin on the other hand, is providing free distribution of commerce.
At this time, all commerce takes place through traditional currencies around the world. The entire world is “running” on debt and loans-there is no real economy anymore. Not to mention, the world has extracted wealth from their money. Governments and the authorities are determining what innovations will continue into the future and which ones will be left in the dust.
Bitcoin is already changing the world. Governments and other authorities throughout the world, don’t have the means to stop this digital currency giant. In the near future, this will most likely change the life of everyone on the planet. Bitcoin is breaking chains that governments have put up, here are some reasons why Bitcoin is such a Big Deal.
Bitcoin is the first legitimate competition that traditional money has ever had to face. One of the main reasons is that technology has created a great challenge to the traditional way of life. It is difficult to create a currency that holds real value and can easily be used in exchanges and do the things that traditional currencies can do. Bitcoin meets all of these requirements. Bitcoin can be used instead of Euros, US dollars, and other forms of traditional currency.
One of the main selling points of Bitcoin is that it is decentralized. In the last few centuries, any currency that was created was controlled by a central bank and/or government. Bitcoin is completely different. This digital currency is not controlled by any one entity, but rather it is owned by the collective. Bitcoin can be stored on a smartphone, tablet, or computer via a digital wallet and it’s easy to use!
When you make a transaction using Bitcoin, it’s instant. Bitcoin makes all other forms look slow-because they are. What’s even more exciting about Bitcoin is that there are no charges to buy and sell Bitcoin. In some cases, a small fee will be charged, but this is very few and far between. With Bitcoin you can send money to anyone, anywhere in the world at anytime. Nothing can compete with this type of digital currency.
Bitcoin can be used anywhere in the world. No matter what continent your on, the value of Bitcoin is the same. As long as you have an Internet connection, Bitcoin is available to you. Bitcoin is safe and secure-it’s almost impossible to hack. In conclusion, the day is not far when Bitcoin will replace traditional securities. So what are you waiting for? Start buying and selling Bitcoins today!