Bitcoin has been changing the world for the better ever since it appeared on the market more than 10 years ago. The leader of the digital currency has had many ups and downs over the years, but overall it has proved quite beneficial for everyone involved. Following its meteoric rise in value at the end of 2017, many saw how quickly they could become successful investors and joined in on the virtual currency fun. However, many still wonder what Bitcoin truly is, and what makes it better and easier to invest in when compared to the US dollar. In this article, we aim to give you the reasons why Bitcoin is better than the dollar and convince you to give it a shot as soon as possible.
Bitcoin works differently than the US dollars in its very core. You probably heard of the term decentralized, which means that the users of Bitcoin are free to do whatever they want with their Bitcoin without any intermediaries. Nobody controls your decisions, there are no banks and governments, and therefore no penalties, laws, or fees. Bitcoin allows a cheaper, faster, and more secure way of doing business and investing, far from the eyes of the banks. The owner is the only one in charge of their BTC amount.
2. Easy Online Shopping
Bitcoin does not have a physical form. Everything exists online, from the moment you make it, to the moment you trade it. Bitcoins are stored, withdrawn, and deposited into and from e-wallets. The blockchain technology is at the source of how Bitcoin works. Due to this amazing feature, it is easy to spend BTC online, as well as some shops around the world that accept it as payment.
3. Less Volatility
While it is infamous for its spikes in value, Bitcoin is still less volatile than traditional cash. This makes it an easy choice for investment. What is more, it is easy to start investing as you simply need to acquire some BTC to be able to make more money.
It is virtually impossible to track the amount of the ways in which cash moves around the world. Once there is a need to print more cash, the governments, banks, and treasuries can do it. However, this decreases the value of money leading to inflation. The US dollar is now worth much less than years ago, and you can do significantly less with $1,000 than a few decades ago. With Bitcoin, there is a finite amount of it that exists. Thanks to the already mentioned blockchain technology, millions of computers are joined together through a vast network that uses cryptography to record Bitcoin transactions around the world, creating a public record of all BTC movement. This transparency and trust between the people who trade in BTC can never be achieved with something so controlled and governed as the US dollar. For this and many other reasons, the banks are not very happy with the world turning more and more to cryptocurrency.
Bitcoin is now a common way of doing business in the modern, technologically advanced world. Most countries have introduced BTMs where you can do all things ATMs allow, but with Bitcoin. Dozens of shopkeepers make it easy for customers to spend BTC for their services and products, joining in on the fast-spreading craze that is cryptocurrency. All of this opens many doors for investors looking to multiply their wealth. There is no conversion, and if basically combines the best sides of gold and cash with an open, restriction-less market.
Bitcoin works exclusively through peer-to-peer connections. It is as open as it can be, fully secure, transparent, and frictionless. No third parties stand between you and another person on the other end of the transaction or trade. Private keys that BTC users have are solely theirs, and they allow them and nobody else access to their balance.
7. No Returns
Bitcoin is great for maintaining records, that much has already been mentioned. However, once a transaction has taken place, the ownership of the amount in question also transfers from one user onto the other. What this means is that two people exchange a set amount and nothing else, making record keeping and taxes easier to follow and healthier overall. There is no possible way of fraud like with cash, where one amount can be said to be in one place but never get there.
8. Transition and Access
While there are almost as many currencies in the world as there are countries, there is only one Bitcoin or one of the other digital currencies. They can be used in exactly the same way in all corners of the world without nation or bank boundaries. Every transaction is seamless, and each one has a clean record behind it. No matter how geographically different and far two people are, they can easily do business with Bitcoin without third parties or exchange values.
If you were hesitant to try a digital cryptocurrency and finally realize what makes it so special, we believe these eight reasons can make you see why Bitcoin is a much better option for someone looking to invest in 2020. While fiat currencies like the US dollar still have immense value in the contemporary world, it is only a matter of time before Bitcoin and its cousins completely take over and once and for all bring us into a cashless world. Bitcoin is simply more trustworthy, secure, and easier to use and invest, which is more than enough in the world where people are looking for equality and transparency from corruption and deceit. Traditional currencies are bound to become a thing of the past sooner rather than later, so make yourself ready by acquiring Bitcoin while it is still in its infancy. The past ten years of its life are nothing compared to what is coming in the future! Visit https://crypto-gps.com to learn more about the most popular cryptocurrency and start investing today.