Uploaded on Nov 5, 2020
PPT on Why you should and shouldn't invest in Bitcoin.
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
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