Sirwin
Sirwin

Bitcoin can still be profitable to invest in?

By Stat1c | NewCrypto news | 16 Apr 2020


Many begin to think that future digital currencies, which will be released by private companies and banks, will be able to outperform the BTC, as they are newer and more technologically advanced

To think that in the future there may be altcoins able to overcome Bitcoin is tempting, but before drawing hasty conclusions it is important to analyze some factors.

1.Bitcoin is the first cryptocurrency by market capitalization  

2.The last BTC will be mined in 2140, so if you buy it today, you are still among the first to own it (120 years are missing before the last bitcoin comes to light)


3.Bitcoin has the largest blockchain compared to all other altcoins


4.If you are waiting for the new altcoins to bring a great innovation, you are wrong. Bitcoin has already brought it to the world of digital currencies.

5.All new altcoins will always start at a disadvantage, because they will have to chase BTC  

Bitcoin is the world's first decentralized digital currency. This important factor determines in fact an invaluable value, as no individual, organization or authority has control of it and can never have it. Everyone can buy it, everyone can have it. It is a valuable asset without dictatorship, oppression and hyperinflation. It is a safe financial paradise for anyone who lives in such circumstances.  

How safe is Bitcoin? 

The distrust of this new technology is still great. In recent years, a lot of incorrect information has been made about the world of cryptocurrencies and in particular about BTC.

Governments and major financial institutions have tried to block this important progress in all ways.

As I said before, BTC is decentralized and this implies that it doesn't have a single point to attack it on.

The size of the network makes Bitcoin safe from all attacks. Governments cannot ban Bitcoin, they can only try to rule it out

Bitcoin has only existed since 2009. If we keep in mind that the latest Bitcoin will be mined in 2140, it should be clear that we are still at the beginning of a long journey.

 

 

How do you rate this article?

2


Stat1c
Stat1c

Traveling prices, taxes, best places (countries) to visit. Happy situations. My opinion.


NewCrypto news
NewCrypto news

All the crypto news that i found. I will try to get on the publish0x blog to inform people about it.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.