If perhaps you’ve been keeping an eye on the media at all over the last month or perhaps so, you have undoubtedly noticed a story or perhaps 2 about Bitcoins. For years this crypto-currency continues to be a favorite among Magic The Gathering fans and also those looking to fulfill a chemical addiction without the authorities catching on.
With each passing day though, Bitcoins are finding their way into mainstream markets, and are poised to become a true way to government issued money. On top of all this’s a steadily growing “stock exchange” for Bitcoins, which is making smart day traders a fortune. Could you be one of the day traders? Will your favorite online shop ever take Bitcoins? Let us explore below so you are able to better understand the reason why you should buy Bitcoins now.
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The Exchange Rates Will be Favorable, For Now
Most people that opt to buy Bitcoins do so for the investment value. A little over a year ago Bitcoins were worth around 40 dollars each. Last month the currency reached an all time high at aproximatelly $206, and is currently holding steady in the hundred dolars range. Fortunes have been made by buying Bitcoins and selling them at the right time.
The Bitcoin mini bubble burst last month, so this has scared off a few novice investors; but this is in fact a regular occurrence. The the main thing to realize is that each time that the currency recovers, it jumps to an even higher price. It’s volatile; but very profitable. Furthermore, with a small number of Bitcoins in existence the value is anticipated to continue climbing for the foreseeable future.
New Websites Actually are Taking Bitcoins Every Day
What drives that growth though? It is not only speculation, this would cause Bitcoin to collapse like a lot of other crypto currencies of the past. Bitcoin survives and continues to raise because it’s really seeing adoption online. Presently, this is limited to singular outlets. Online clothing shops, service providers (coding, etc.), design, and other “novelty” products make up the vast majority of Bitcoin adopters so far; but they are simply the very first wave.
Currently, PayPal is trying to find a way to adopt Bitcoin into the current model of its, and this also could mean that partner eBay is not far behind. This can lead to an explosion of Bitcoin use online. But there is an offline presence also, with the very first Bitcoin ATM opening earlier this month. Content aggregation site Reddit had a post earlier this week depicting a convenience store which had its very own “We accept Bitcoin” sticker, the only thing holding them back is much better implementation.
Bitcoin Is still At The “Ground Floor” Stage
The biggest reason that you need to buy Bitcoins though is this currency remains on the ground floor. All indicators point to the currency seeing huge jumps in implementation and value in the near future. Those that happen to be invested in Bitcoin, and those that jump in during the immediate future, stand to see huge returns on the investment of theirs.
Will you make the smart choice, or perhaps will you kick yourself for missing out on the next big thing?