An incredible performance of BTC— as the investment and currency — has attracted both the traditional & institutional investors. Bitcoin as the investment tool offers you with following pros over the traditional investments, but before investing in this currency, check out the current BTC price.
Pros
- New opportunities. Bitcoin & cryptocurrency trading is young — and new coins are getting mainstream on the daily basis. The newness brings some unpredictable swings in the price & volatility that might create opportunities for the huge gains.
- Minimalistic trading. The stock trading wants you to hold the certificate and license. You should go through the broker for trading the company’s shares. However, Bitcoin trading is quite minimalistic: just buy and sell Bitcoin from the exchanges and put it in the wallet. The Bitcoin transactions are instant — not like settlement of the stock trading orders that can take days and weeks.
- Bitcoin is the liquid investment assets because of the establishment of the trading platforms, online brokerages and exchanges. You may easily trade BTC for cash and assets such as gold instantly with amazing low fees. High liquidity linked with Bitcoin actually makes it the best investment vessel if you are looking for the short-term profit. The digital currencies can be the long-term investment because of the high market demand.
- Lesser inflation risk. Not like world currencies that are been regulated by the governments — BTC is immune to the inflation. Blockchain system is totally infinite and there is not any need to think about the cryptos losing its value.
Cons
BTC might be our future of the monetary exchange, but it’s very important you’re aware about the concerns surrounding the cryptocurrency investing.
- Volatility – The Bitcoin price is rippling back and forth.
- Threat of hacking online. Hacking is one big threat that the Bitcoin investors are facing.
- No regulation – The BTC market operates without any major regulations.