Why is Bitcoin yet to become an important avenue of investment?

Bitcoin is a currency that is fast becoming the favorite of many persons in the world due to the steady worth of the currency and the anonymity that comes with the currency. However, not many people use this for their investments and purchases.

This is due to a number of factors that depends on a number of the economic, political and technological scenario of the world. Firstly, the awareness among the people is very low. Bitcoins are known mainly to the most tech-savvy people in the world. Although the internet and mobile penetration have increased by multiple folds in the past few years, people are not technologically aware. They do not know about this wonderful option. Secondly, it is not easy to understand the currency. While the world has traditionally used the gold standard and in the recent times the US dollar as the standard, many do not understand how the currency is pegged. It is also not a physical coin but a digital coin that is stored in the blockchain. This has made a large number of common investors to shy away from this option. Additionally, the bitcoin is being portrayed as the currency that funds and drives the terrorist and other underworld dealings. Although it is an undeniable truth that bitcoin is a currency that maintains the secrecy and anonymity of the user, it necessarily does not mean that it should be used only for the shady deals. Ordinary people can also Buy and sell bitcoins. While these are the primary reasons for the relatively low amount of awareness and penetration of the bitcoin there are other reasons why people do not buy bitcoins.

Most importantly it is liquidity of the bitcoin that is an issue for buyers and sellers. These cannot be exchanged anywhere and everywhere in the world. This makes it a hard to exchange currency which can lead to problems of liquidity. This is why many investors are staying away from this. These are the most important reasons for the relatively less popularity of the bitcoins. However, that is no longer the case. There are many exchanges that can be used to change the bitcoins into a currency of your choice as and when you require. Futurebitcoin.in is a Leading Bitcoin Exchange in India from where you can buy and Sell bitcoin online. Now you need not worry about the most important aspect of your wealth, the liquidity. So, it is easy to invest in this form that does not depreciate with the passage of time. With the relatively very high value of the currency, you can be sure that you have invested in the best possible asset. As this cannot be stolen from you, you can be assured that you have invested in a safe option. No matter where you live, you can use this without any inhibition. Also, it brings a sense of anonymity and power to you which can increase the safety of your investments. Nobody else has to know where you keep your treasure.  

Comments

  1. buying a Bitcoin is the most prestigious thing now-a-days, previously a bitcoin price was low, now it has reached nearly 2 lacks. Good post on Bit coin, also read Executive search Firm California ,Leading IT Staffing and Recruiting Agency in California.

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