Why is Bitcoin so profitable today?

Despite its young age, Bitcoin has skyrocketed in popularity among its peers. There are legends about her, but they are based on real facts. Since its inception in 2009, 1 Bitcoin has been the equivalent of five cents, and by 2013 its value has increased to $ 1,000. No other currency in the world can boast of a similar rate to the US dollar, even if it did not last long.

After a sharp drop to $ 400, literally in one day, further decline was observed, and until 2015 1 Bitcoin was already worth about $ 200. From that moment on, the rise began again and today it is kept within the range of 440-460 dollars. Such a fickle Bitcoin, whether it is profitable to deal with it or not, can be found out by studying its behavior in more detail.

On the one hand, many reproach him with high volatility and are more right, but he is very attractive in the Forex market. Indeed, it is on the fluctuations of the rate that the broker earns his profit. So you need to think about whether Bitcoin is profitable or it is better not to mess with it. It should be noted that, firstly, the volatility has somewhat subsided recently.

Secondly, Bitcoin stopped in the fall, moreover, it has never rolled back to its original mark of a few cents. Observing the change in its rate, you can see that it does not fall below $ 170, this is its lowest position after sharp drops. Is it possible to deny that the benefits in Bitcoin are obvious, because even the lowest rate of $ 170 is significantly higher compared to the rates of other types of currencies.

As a result of close observation, it can be argued that a scenario with a very positive development is expected in the near future. Analysts predict a rapid rise in the rate soon. Now it is in the golden mean, and the rate is experiencing minor fluctuations.

Experienced cryptocurrency traders advise to buy Bitcoins with a relatively declining exchange rate, in order to then get a colossal gain after the growth of quotations. Moreover, there is an assumption that it will grow significantly, which means that its owners will expect a good increase in digital capital. According to the most conservative forecasts, Bitcoin is currently undervalued by at least $ 200 per virtual coin.

Bitcoin is out of politics

Users of the Bitcoin cryptocurrency do not worry about the impact of politics or economics on the fate of their savings, which cannot be said about national currencies. What guarantees can the Russian ruble, Ukrainian hryvnia and other fiduciary monetary units give today? Even European and American currencies cannot be sure. They are too dependent on politics, which interferes with the economy and as a result we have what we have.

So, is it profitable to be a Bitcoin user today? This is already a rhetorical question, and the answer is clear "like Gods day." This digital currency, which has captured the hearts and minds of thousands of users, continues to rapidly conquer more and more people who want to recognize it. Doubt as to whether Bitcoin is profitable can only be with an incorrigible skeptic or a person who does not understand anything about innovative technologies, who is ruled by fear of novelty.

Bitcoin is not only outside of politics, it is also independent of the location of its user, state regulatory functions have no relation to it, it does not reflect the escalation of terrorism or the start of various-scale hostilities in a particular country. With such overwhelming advantages, the benefits of Bitcoin are confirmed once again. 

Gold, Oil or Bitcoin?

If we consider Bitcoin through the prism of perceiving it as a commodity, even if it is virtual, and delve into its basic qualities, we will draw amazing conclusions. And also we will get an answer to the question why it is compared with gold and oil. So, Bitcoin is mined with enormous intellectual work through the most complex algorithms known and understandable only to professional programmers. It is also difficult to extract oil and "yellow" metal. Like minerals (oil and gold), Bitcoin is limited in volume, with only 21 million worth of Bitcoin. The high rate of Bitcoin against the dollar speaks of its value, which can be said about comparable oil and gold. The answer was formulated by itself: Bitcoins are virtual gold, and are the same commodity, having a quantity, price and method of production.

Same money, but not quite

As you know, Bitcoins have almost all the main features of ordinary money, except that they cannot be touched. If the previous comparisons were crowned with a complete analogy, then comparing this digital currency with paper money, it begs for a compliment for the fact that it has much more advantages than the subject of comparison. Perhaps the most advantageous feature that can be called a trump card is the ability to withstand inflation. To figure out whether it is profitable to have Bitcoins, you can again return to drawing an analogy with gold, the production of which is consonant with the production of cryptocoins. In this regard, one can even say that Bitcoin is stronger than gold, of course, in a figurative sense.

A limited supply of Bitcoins will always play to increase their value. Whether Bitcoin is profitable is anyones guess. Today, it is a very successful investment tool.

The innovative technologies, with the help of which this unique cryptocurrency was created, made it possible to combine what seemed to be exactly the opposite qualities. All transactions are available to every user, but at the same time, complete confidentiality of transaction data and user confidentiality is respected.
 

Bitcoin is an alternative to the state financial system

It is not surprising that the government structures of many states in every possible way denigrate and try to discredit the digital currency in the eyes of citizens. The reason is clear even to a schoolchild, because the state is a mechanism of violence, whether we like it or not, and it is inherent in it to keep everything under control, including finances.

In fact, this system represents a model for the perfection of the financial structure of the future. And the benefits in Bitcoin do not require proof.