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Bitcoin- Should You Invest or Not

In case, you are into the financial news lately, then you must have heard about the major rise in the worldu2019s most popular- Cryptocurrency. And if you are someone who is clueless, then you must be thinking about whether to invest in Bitcoin or not. Is it a good option- yes, or no? Well! Before you get to know how to buy bitcoin in Canada, you need to know about it properly.

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Bitcoin- Should You Invest or Not

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  1. Bitcoin- Should You Invest or Not?

  2. Are you lately thinking about Bitcoin? Do you find it confusing whether to invest in Bitcoin or not? If yes, then this article is exactly for you to clear your doubts. In case, you are into the financial news lately, then you must have heard about the major rise in the world’s most popular- Cryptocurrency. And if you are someone who is clueless, then you must be thinking about whether to invest in Bitcoin or not. Is it a good option- yes, or no? Well! Before you get to know how to buy bitcoin in Canada, you need to know about it properly.

  3. What Is Bitcoin?Bitcoinis actually a digital currency or cryptocurrency which is online money. Like any other currency, you can exchange it for other currencies and the relation actually deflects with other currencies.There is no central bank, government, or country is in charge of Bitcoin and it is decentralized. Hence, it is not at all susceptible to the central bank or government mismanagement.

  4. 1. Easy To Send MoneySince Bitcoin is decentralized, it means you will be able to send a friend Bitcoin on the other side of the world just in few seconds. And you don’t need to go through any banking methods or pay the banking fees. As a result, it becomes easier for you to send money using Bitcoin.

  5. 2. PrivateThere are several people who think that Bitcoin is entirely unknown. However, it is not that anonymous but it is basically private. Whatever Bitcoin transactions have been made will be able to see on the Blockchain- the public Bitcoinledger.There are people who don’t like banks spying on them and they are not ready to compromise with their privacy. For people like them will surely like to invest in Bitcoin. Then, you need to know how do I buy cryptocurrency in Canada after reading this.

  6. 3. Limited SupplyAs you might know that there are around 21 million Bitcoins and they will ever get mined. So actually, this will limit the amount of Bitcoin that can be actually ever produced. To be honest, it is like government won’t be able to print money just because there is a limited supply of bills. Moreover, they won’t be able to print anymore.Your purchasing power will stay preserved if there is a set supply and the currency will further stay immune to runaway inflation.With this limited supply, it will help you to contribute to the better price of Bitcoin. People don’t want a currency that can be printed - or inflated - into infinity at the whim of a greedy government.

  7. 4. Cheaper To TransactSeveral businesses need to use MasterCard or Visa these days just to stay competitive. But, these cards will surely take a good amount of fees out of each of your sales transactions.

  8. In fact, a merchant who will be accepting Bitcoin will not have to pay such kind of hefty amount. Hence, it can be a better alternative option if you want to save your money.SOURCE CREDIT: https://netcoins.tumblr.com/post/654683480386650112/bitcoin-should-you-invest-or-not

  9. THANK YOU FOR WATCHING

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