Why you should and shouldn't invest in Bitcoin.


Chrisnoblet3

Uploaded on Nov 5, 2020

PPT on Why you should and shouldn't invest in Bitcoin.

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Why you should and shouldn't invest in Bitcoin.

WHY YOU SHOULD AND SHOULDN'T INVEST IN BITCOIN BITCOIN Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open- source software. Source: Wikipedia WHY YOU SHOULD INVEST IN BITCOIN ADOPTION OF BITCOIN FOR PRACTICAL APPLICATIONS • Just like the adaptation of the internet, bitcoin is also being adopted by our society. More and more businesses are ready to use bitcoin as their primary currency. • Bitcoin is integrating into our society with the passage of every single day. Source: europeanbusinessreview.com LEARNING ABOUT INVESTING IS FREE • Learning about bitcoin investment and making profits is very easy. • Using great platforms like the one mentioned in the above paragraph makes it very easy for new investors to learn and understand the hidden bitcoin secrets. Source: europeanbusinessreview.com PRICES WILL KEEP ON GROWING • As the demand and value of bitcoin increases with more people than ever using bitcoin as the primary currency, the price of bitcoin will eventually increase. Source: europeanbusinessreview.com BITCOIN’S AUTHORITY • Many other cryptocurrencies are using new marketing tactics and present significant benefits to its users. • However, bitcoin is on the top because Bitcoin is one the backbone of almost all other cryptocurrencies. Source: europeanbusinessreview.com WHY YOU SHOULDN'T INVEST IN BITCOIN VOLATILITY • The price of bitcoin is always rippling back and forth. • If you happened to buy bitcoin on December 17, 2020, weeks later, you couldn’t sell your investment at the same price. • The bitcoin market is constantly changing. With such an unpredictable market, you can hardly get a good return on your investment. • To avoid huge loss, keep a close eye on the market. Source: cointral.com THREAT OF ONLINE HACKING • Hacking is a big threat facing a bitcoin investor. Bitcoin exchanges let you buy and sell your cryptos using a mobile app or website. • This leaves them susceptible to hacking and theft of all your investment. And bitcoin held on exchanges isn’t insured by the FDIC. Source: dailyexpress.com LITTLE OR NO REGULATION • The bitcoin market currently operates with no major regulations. It isn’t taxed and governments have no clear stance on it. • As a result, you could stand exposed to fraud and malpractice. Source: europeanbusinessreview.com WALLETS CAN BE LOST • If your hard drive crashes or virus corrupts your wallet file, you lose your bitcoins. • You can go from a wealthy to bankrupt investor within seconds with no way to recover. Source: europeanbusinessreview.com LIMITED USE • Bitcoin is currently only accepted by few online merchants. • Many companies don’t also recognize bitcoin as a legitimate exchange, making it an unfeasible investment vessel. • Besides, there’s only a fixed supply of bitcoin i.e. 21 million. Source: europeanbusinessreview.com