Here Are Reasons To Invest In Bitcoin Despite Being Volatile
It is 2022, and it is highly possible to win a good amount of money with your btc up. Similarly, the market is so volatile that you could lose all your savings as well. Therefore, the first piece of advice is, do not to put all your life-saving in Bitcoin investment.
However, as the market is so risky, why people are highly investing in the market? well, there are reasons, although it is prone to make losses, it can profit you a lumpsum amount as well because of the following reasons:
Completely Safe And Secure–
It is one of the biggest reasons behind people investing in Bitcoin. Blockchain technology is known to be highly secure. These currencies do not have any interlinks; on the other hand, they have the strong support of cryptographic technology to hold them back. It uses the decentralized technique.
The best part is whenever someone makes a transaction, it is encrypted in the blockchain and one cannot make any changes to it. The chances of fraud are hugely reduced. Blockchain being an open digital ledger gives access to everyone. Therefore, thousands and thousands of people can see a transaction and validate it in order to be completed. So, no internet criminal or web hacker can tamper with any data or double-spend a bitcoin.
Highly Volatile-
Although Bitcoin was invented not many years ago, the market has ever been seeing volatility. To make you understand the volatility, we can give one example. Between October 2017 to October 2018; in the span of only one year, the price of Bitcoin reached USD 19,378 and fell down to USD 5851. Therefore, it is not hard to understand the volatility of the market.
However, this is what makes everything about Bitcoin investment so lucrative. As it can go low, it can go high too. And there is no limit as well. Imagine what could have happened if you buy it at such a low price and sell it at that high price, how much profit you could make? Well, that is why most financial investors are showing interest in it. That’s why people are eager to make investments in the bitcoin market.
24 x 7 Accessibility-
When you go to the traditional stock market, it is closed one day a week and every night because it is a centralized system. However, when it comes to the crypto trading market, it is open 24 x 7 as there is no central authority connected to it. The transactions take place from individual to individual. A Bitcoin trader can make any purchase with Bitcoins or sell them off anytime they wish to.
In this regard, you may find some time when the platforms are down. Not to worry. Because maybe some maintenance is going through the platforms. That’s why it is unavailable for the moment. Although, they do not take long.
Both Long And Short Investment Options–
Another good thing about bitcoin is, that you can go both long and short with the same investment. There also is an option called day trading. In the case of day trading, one does need to hold their fund overnight. Buying and selling happen on the same day. So, you know the result of how much you have profited or lost on that same day. To do that, you do not need to open an account on the exchange.
Besides the short-term, you can also prepare yourself for the long-term investment goals. In fact, this is what is highly suggested about bitcoin trading. Keeping your assets for more than a year or many years could have a market you have high profits. And, you do not have the obligation to sell it at a certain point no matter what the market value is in your favor or not unlike day trading.
Improved Liquidity –
Liquidity is how fast the cryptocurrency can be converted into fiat money or cash. The digital coins were not really very liquid in the beginning. However, the liquidity is also improving which is another reason for the market being a good place to invest.
Final Words
The price is very high now. But the hope is it will go only higher. Therefore, get your share today. Otherwise, you may regret it big time in the future. You can start from Bitcoin Era.
