Benefits of Cryptocurrencies

Bitcoin Price Prediction In 2020

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If you’ve been in the cryptocurrency market for a while, you probably know that the most popular virtual coin is BTC or Bitcoin. Also, you probably know that this cryptocurrency is the most valuable and has had the highest recorded value almost two years ago, in December of 2017 when you could sell one BTC for $19,783. Since then, Bitcoin has been on the decline, with the lowest value in the past two years recorded in early 2019.

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However, it is noted that the value of this cryptocurrency is returning to a high level, which may be an indication that next year will be very important when it comes to BTC. A lot of experts have expressed their opinion on the rise and fall of Bitcoin in 2020, so at the moment it is quite interesting and uncertain how things will look like in the future. While no one can predict with certainty, there are some patterns that have been repeated over the years regarding Bitcoin. If you are trading this cryptocurrency, the best solution is to use the detailed statistics and help provided by experts on sites like Profit-Revolution.com. This site is specialized in cryptocurrency trading and helps users to better understand market trends and invest more securely. However, currently, the most important question is what is the forecast for the price of Bitcoin in 2020? Well, keep reading and check the opinions of trade and finance experts.

News on the BTC market that may affect the price

Img Source: bitcoinist.com

Just over a month ago, on September 23, 2019, the long-awaited platform called Bakkt was officially launched, intended to bring a new revolution in the virtual coin’s market. It should provide security and transparency in the BTC business for all institutional and merchant investors. This means that Bitcoin would be more implemented in the traditional financial system and payment methods, and thus return the value closer to the highest recorded.

In addition, the technologies used by BTC can significantly affect the adoption of this cryptocurrency as a widespread and official payment method. For example, currently, the most widespread payment system is Visa. The main advantage is the speed and low cost of transfers. Bitcoin, on the other hand, is lagging behind traditional payment systems when it comes to these features. This could be changed using Lightning Network technology, which is in the process of development and should significantly shorten the time for BTC payments.

Img Source: bitcoinist.com

The price of BTC next year can be significantly affected by Bitcoin block halving. Miners are known to receive a reward for their work. They receive 50 BTC for each mined block. However, the reward is reduced in half to every 210,000 blocks. This means that the next halving will occur during May 2020 and that then the value of one block will be 6.25 BTC. This simply means that demand will at some point be higher than supply and that BTC value will increase.

All of these things can significantly make 2020 perhaps the most important year for all cryptocurrency traders, especially those trading in Bitcoin. Although the current price is below $9500 at the time of writing, this doesn’t mean that the price will fall even lower, but rather that this is a good time to buy extra BTC. This investment may pay off in the coming months because according to expert analysis, Bitcoin is expected to reach perhaps the highest value ever recorded in 2020. Therefore, think carefully and make smart moves.

BITCOIN PROFIT – All you need to know

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Bitcoin is a digitalized online currency that records transactions and taking care of them, producing new coins by calculating mathematical answers to problems, and it functions independently. Established in 2009, Bitcoin was mainly designed to ease and quicken online undertakings, and it has recently gained a lot of celebrity in the digital sector.

Bitcoin has a price, and this price keeps changing (mostly increasing) in the current capital market an with time it grows further. Initially, when Bitcoin was emerging, people bought them at lower prices and later, years later after the value of Bitcoin shot up, they now are millionaires if not billionaires. Bitcoin is a dominant, valuable form of currency in the future online platform. The value of Bitcoin keeps on increasing. Bitcoin is a very unique means of trading as it allows almost anyone to win, however, this is not to say that with bitcoin there are no risks. This is why there are strategies in place to help you calculate your risks when using bitcoin.

source: bitcoinist.com

Bitcoin has attributes that allow it to operate like money and make it a vital payment means. That is, it is nearly easy to move Bitcoin to other people or businesses, even for international activities. However, other forms of Bitcoin make it less enticing for everyday activity, including security issues and elusive.

In order to keep its validity and value in the economy, Bitcoin has its strategies, to make sure that the future of bitcoin remains afloat. These strategies are mainly based on supply and demand which simply means when the supply is above demand then the bitcoin rate grows too. The same case when demand and supply are equal then the value of Bitcoin also never changes. Below are the reasons why one should choose bitcoin profit over any other form;

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1. Secure

With bitcoin, most online platforms will never ask you about your details other than your preferred username and address. This is so because bitcoin operates solely from banks and any governmental institutions.

2. Fastens transactions

The use of bitcoin ensures there are fewer intermediaries like the bank or government to withhold the withdrawal of your cash as long as the online stores authorize it. Fast to make deposits and first to make withdraws.

3. Privacy

With Bitcoin, sellers don’t need a lot of your private details hence keeping you safe from hackers an scammers. People want to stay private and to know that their details are secure an safe. That’s why many people chose Bitcoin.

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4. Low Changeable Fees

Apart from maintaining your details secure, Bitcoin transactions fee is very minimal as compared to other forms. They charge almost nothing hence saving your money. Most people tend to use this Bitcoin in online shops for this reason.

5. Promotions

The most important of using Bitcoin in online trade is it comes with a lot of promotions an bonuses. Once you make a specific first deposit, you get a said bonus and the promotion increases with an increase in sediment.

6. Anytime Anywhere

Bitcoin has no boundaries, one can trade using bitcoin anytime everywhere because it is always on all day any day throughout the year.

The Benefits of Cryptocurrencies

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The world is becoming more economically unsafe and cryptocurrencies might help you fight the feeling of someone harming your economic status. Cryptocurrencies or as we know it today „digital money“, is based on blockchain technology. This kind of technology creates a digital ledger of all assets, whether it is money, tangible property, vehicles, or stocks. Bitcoin is the most famous one, but it is just a drop in the ocean. As these platforms are becoming increasingly popular, and are becoming more accessible, it is important to know what are the actual benefits of this currency.

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Before taking a look at the benefits of cryptocurrencies, here is a list of the cryptocurrencies that are already widely used:

source: rs.n1info.com
  1. Bitcoin
  2. Dash
  3. Ripple
  4. Dogecoin
  5. Litecoin
  6. Peercoin
  7. Ether

Here is a list of benefits you might get by using cryptocurrencies:

source: talismanian.com

1. The integrity of transactions – this type of currency cannot be transferred to a third party without the user. Hence, with this kind of transactions, there will be no risk of fraud or cheating. The user will be in complete control of the transaction and currency, which is hosted on centralized technology. There will be no chance of any third party to interfere or manipulate the payment or the sender reversing the payment. It requires less trust and worry than in traditional banking.

2. 24/7 tracking of payments – traditional systems require the senders to track their payment by using the bank systems throughout three days or, sometimes, even more. This creates doubt for the sender, as well as the receiver of the money. With crypto transactions, you will be able to track it every second, and you will be able to know the exact time the funds are delivered. This, on the other hand, creates trust between the sender and receiver. These kinds of deliveries are more safe and secure in the digital form, and that is one of the main reasons banks are starting to use this technology.

3. Security of currency and transactions – you are already familiar with credit card fraud and identity theft. Instead of worrying about purchasing something online, cryptocurrencies are at the moment, the safest and easiest means of shopping online, without risk or loss of money.

4. Confidentiality and privacy – banks will require full knowledge of all your details, while cryptocurrencies do not require more information than you are willing to give. Your payment is strictly made between you and the receiver of the funds. Hence it is perfect for people who want privacy and anonymity. Of course, you should keep in mind that different coins come with a different kind of anonymity, and before purchasing anything, you will need to do some research.

5. It is available to everyone – since all cryptocurrencies are easily and without effort accessed on a decentralized network, anyone can earn cryptocurrencies. The wide range of Blockchain applications that are developed or are being developed is designed to make access to banks, bank charges, and high-interest loan rates less severe. They are designed to be available to everyone in the marketplace.

6. Quicker transactions – when buying property or vehicles, the costs, time with bank approvals, and drawing up contracts can be stressful and time-consuming. Cryptocurrencies enable you to make immediate payments on property and asset transactions. These transactions do not require a middle-man, and since the blockchain is decentralized, it is solely based on a peer-to-peer system that also avoids any kind of currency exchange difficulties in cross-border transactions. The smart contract process will make sure that the transactions are recorded and legitimate, without any legal or broker costs.

Conclusion

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In short terms, you can see that cryptocurrencies are not only beneficially for the wealthy and privileged, it is something that will be able to enhance the lives of everyone, even ordinary people, doing ordinary things. It is the way of future payment methods.