It is evident that the world is going digital. More people from around the world now have access to the internet and all kinds of businesses are going online to make money.
As the world becomes more reliant on the internet, need for a global, secure and digital currency becomes a no brainer buy. That is exactly what bitcoin and other cryptocurrencies offer. Bitcoin is open to anyone willing to invest in it.
However, unlike traditional investment opportunities that are straightforward and well understood, investing in bitcoin takes time and effort to understand how it works and get it right. Due to the lack of knowledge and lots of conflicting information on the internet, investing in bitcoin is scary for many people.
This article is going to put your mind to rest on whether it is really safe to invest in bitcoin in 2019 or not but before that”
Why Invest in Bitcoin?
There are only 21 million bitcoins available globally; and as people continue to mine, the coins become rarer. In essence, therefore, it means bitcoin is valuable. Take gold for example. There is limited amount of gold available; and as more of it is mined, it becomes scarce and hence more valuable.
The same is true for bitcoin. The value of bitcoin can be verified by anyone. You can tell when new bitcoins are created and how many they are in circulation. You can send your bitcoins globally and no bank, government or financial institution can freeze them.