Today, the Bitcoin cryptocurrency is going through an unstable time. Price fluctuations are rather significant & strong. However, any day now, the situation may change significantly — the Bitcoin rate is projected to rise.
Bitcoin is called ‘a digital
gold’ because of its rarity. Therefore, it serves not only as a means of
payment, but as an item for value storage and HODLING. However, Bitcoin’s purchase
is still very risky and unstable.
Nowadays, 50 bitcoins cost
almost $445,000. At the same time, Bitcoin creator — Satoshi Nakamoto — has
millions of bitcoins. He’s a billionaire and could become the richest man in
the world in just a few years. However, many people wonder should they become a part of the crypto world and buy
Bitcoin in 2020 or not.
Today, we will consider
key reasons to buy Bitcoin in 2020 as well as help you to decide whether to buy
it or not. Let’s get started!
Cryptocurrency
Feature Itself
Cryptocurrencies function
as a bank without a central authority. Theoretically, any bank and government
can stop, prohibit, or freeze any payment we make. But in case with crypto, any
member of blockchain has a ‘power’.
Blockchain is stored on
many computers around the world. You can download the bitcoin blockchain at
bitcoin.org, but this isn’t necessary. When payment is made, all computers
around the world confirm its legitimacy. It works automatically, but everyone
is involved. Blockchain is now completely transparent and visible to everyone.
The Fatal Year:
2020
Here’s the main thing — the number of distributed bitcoins is halved every
four years, because the Bitcoin father Satoshi Nakamoto has embedded a special
function in the code.
Since people get the
Bitcoin cryptocurrency with the help of their computers, they receive a reward.
In the very beginning, users could expect 50 bitcoins per block. A block is
created almost every ten minutes.
Four years later, this
value halved to 25 bitcoins per block. Now, miners receive 12.5 bitcoins every
ten minutes. And after the BTC halving coming in May 2020, only 6.25 bitcoins
will enter the crypto market every ten minutes.
So fewer and fewer new
bitcoins are being created. That is, if you’re thinking of buying a Bitcoin — now is the right time!
Get Free from the Control
Monetary creation is a key
goal of countries as well as their central banks. Today, almost every country
in the world is facing an economic crisis. Most countries lose control over a
monetary tool.
In case with Bitcoin,
there is no place for control. Bitcoin allows to get free from the sole will of
politicians by restoring the power of its users. Bitcoin is an open-source
system based solely on the computing power of computers within its network.
Thus, Bitcoin is a potential solution to reduce the growing inequalities of the world in which we live.
How to Buy Bitcoin (BTC)?
If you’re interested in buying BTC, you should definitely think about doing this at Switchere. On our platform, you have an opportunity to buy BTC in the fastest and most convenient way using your credit card. Moreover, we offer some surprising bonuses! Users of our platform enjoy a 0% service fee for the first order.
Disclaimer
This information is
provided for informational purposes only. Such information is not intended as
and may not be relied upon as trading advice. Before deciding to trade
cryptocurrencies, you should carefully consider your objectives, level of
experience, and risk appetite. Please do your own research and due diligence on
the services provided by online cryptocurrency trading platforms.
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