Why You Should Consider Investing in and Trading Bitcoin
With thousands of cryptocurrencies on the market, it still baffles people to know that Bitcoin is the best investment. What is it that makes so many people still go for Bitcoin when they have other cryptocurrencies, such as Ethereum, Ripple, EOS, etc.? Ido Fishmans says, “If you look at the major signs and indicators that give traders the go ahead to trade a cryptocurrency, Bitcoin has the highest number of those indicators to offer.”
It’s the presence of these indicators that makes most people pick Bitcoin for trading even to this day. Here are the 3 major reasons you should consider investing in BTC too.
It’s Not a Scam
As unfortunate as it may sound, there are some digital currencies that are not legitimate. The fear of investing in an illegitimate digital currency rises when you are going with a new one. The newly launched cryptocurrencies should be properly investigated before you decide to buy them with a fiat currency or the crypto coin you have. With more than 10 years of history behind it, Bitcoin throws all the fears of illegitimacy out of the window, making most people invest in this digital currency.
It Keeps Rising in Value
Despite some great dips in its history, Bitcoin continues to rise in value. To this day, this digital currency is worth way more than $40,000. Yes, that’s the price of one BTC against the strongest fiat currency of the world. Yes, there are times when it can go lower than you would expect any asset to go within a day, but it continues to come back because of people’s trust in this currency.
It’s the Most Liquid Crypto
One of the major benefits of investing in this digital currency is that you get your hands on a liquid crypto coin. Once you have your hands on Bitcoin, you can trade it on any exchange and find an alternative on any broker’s website. You can buy stuff with it more than you can buy with any other digital coin. So, trading Bitcoin makes more sense than trading any other digital currency out there for most traders.
With these benefits and more, it’s just a matter of time before you will also be convinced to trade this digital currency and make gains.