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badumtisss's avatar

Probably 10 years later when we look back, we will tell 'look at the price of Bitcoin, wish we could have accumulated some'. It is about buying or not buying, if you cannot decide that also leads to not buying. If you consider this as taking risks, then you have to take risk for your own benefit. It is exactly about growth of your mind, if you want to stay in your safe zone then you will never go far away in life. That's not just about Bitcoin, for sure in the future there will be other innovations or opportunities. That's totally about your mind set!

There will always be barriers in your path, will you jump over them or go backwards?

Thanks for the Bitcoin article, before someone was mentioning your articles give strenght in terms of mentality. Indeed they do!

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Jonathan's avatar

1-Digital Gold

There are reasons why they call Bitcoin, the Digital Gold, 'Digital Gold'. Bitcoin has remarkable qualities, or rather, features that make it more valuable than gold, the secure online transaction of Bitcoin can easily reach from one end of the world to the other.

BTC is not controlled by the government or any central bank and hence, Bitcoin holders can easily verify its amount. Also, due to its limited supply, BTC tends to have increasing value. Unlike gold, Bitcoin does not lose value and is therefore an exceptional store of value.

2 – Cannot be censored!

Since this is a digital thing and does not have an asset, Bitcoin transactions cannot be intercepted by any asset and therefore cannot be censored. This decentralization means that governments and large banks cannot censor your digital currency. Doesn't that seem like a compelling reason to invest in Bitcoin in 2020?

3 – Bitcoin Cannot Be Seized!

Fiat currencies are likely to be frozen by central banks; Also, your country's government can seize your assets even without warning. Do not fret! Bitcoin is a digital asset that is not controlled by the government or any bank. Thus, you can keep your Bitcoin safe in your wallet with private keys. Enjoy control over the digital asset without any interference from the government.

4 – Low Fees

Undoubtedly, international payments are not only expensive but also time consuming. While Bitcoin does have transaction fees, to be fair, its transaction incurs relatively low fees. In 2019, Bitcoin's transaction fee was $3.4.

So, if you don't want to wait long and pay outrageous fees for the transaction, Bitcoin is a digital currency worth investing in.

5-Transparency

Bitcoin's decentralized blockchain is transparent and offers financial freedom to its holders. Despite being a transparent payment network all over the world, Bitcoin offers its users sufficient privacy when used correctly. To be precise, all transactions of Bitcoin are public and can be viewed by anyone.

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