Financialcentre Broker Questions; Is Bitcoin A Safe Way To Invest In The Future?

London, UK, 12th August 2021, ZEXPRWIRE – Joe Delaney, a broker from Financialcentre says, the Bitcoin protocol was created on the heels of the 2008 financial crisis as a response to these economic calamities. The world now has access to an alternative asset class, not just new digital currency – which is great for those who are looking for more stability and less risk in their investment portfolio. In 2009 there were only 12 cryptocurrencies available but that number had grown exponentially with thousands being offered by 2018; each one having varying specialties and utility depending on current market conditions so it’s up to investors like you whether this offers any advantages over traditional stocks or bonds

A dozen years after its creation, cryptocurrency benefits from increased adoption among consumers seeking alternatives investments outside of stocks & bonds while also providing opportunities through speculation trading (buying/selling at different prices). In the exciting and ever-growing cryptocurrency market, where now over $1.3 trillion is traded on an average day across exchanges in different countries, it’s not always easy to pick out which of these cryptocurrencies are going to have a bright future ahead. Here at Crypto Newswire we’ve picked seven promising coins that you should invest in if you’re looking for more than just financial gains; they offer something new with their innovative ideas or technology that will make them stand out from other currencies available today. However before jumping into any investment opportunities like this be sure only invest what you can afford lose as even blue chip cryptos who seem stable may experience wild fluctuations due to changes within markets and international governments’ policies towards blockchain tech such as hard forks (intentional splits from original blockchain) and legal battles.

Firstly, we’ll examine the cryptocurrency market valuation as it currently stands. Then we’ll cover 5 cryptocurrencies to buy from a pool of more than 1000 options. And lastly, we’ll wrap it up by discussing the final two altcoins to invest in right now.

Also note that crypto prices are directly affected by government legislation and international news so be sure to check out recent events on each coins’ subreddit for any major updates.

Bitcoin (BTC):

Bitcoin, a cryptocurrency that was created in 2009 by the pseudonymous Satoshi Nakamoto, has dominated its field since its inception and is now growing rapidly. There are many opinions about Bitcoin but there can be no denying that retail investors have shown interest as institutions show continued investment into cryptocurrencies with Bitcoin being their first choice.

To start if you’re just looking to dip your toes into the cryptocurrency pool, BTC is a good place to start as it now has a market capital of >$100billion and is being used by millions around the world as an easy way to transfer money between peers. With that said its value changed quite drastically early 2018 due to speculation driven by international governments and its technology being affected by different forks. Despite this, it has been adopted by many industries such as the hospitality industry where you can use Bitcoins to book hotels or flights through their respective websites.

The CEO of Twitter and Square, Jack Dorsey is predicting the future with digital gold. He says that he doesn’t think there’s anything more important in his lifetime to work on than this technology-driven financial innovation. It allows poor countries a chance for economic stability against currency depreciation as well as providing faster, cheaper funds transfers across borders thanks to its borderless properties and low fees which are one hundred times less expensive when compared to traditional wire services such as Western Union or MoneyGram International Inc (MGI).

Bitcoin prices have been on a rollercoaster ride this year, going from all-time highs of $65,000 to current lows of about $3200 in just two months. One interesting thing that happened during the price rise was Tesla Inc.’s decision to put Bitcoin on its balance sheet earlier this year. It’s unclear what motivated their move and whether it will help or hurt them over time but one can’t deny how unprecedentedly innovative they are for considering such an idea!

If you want to have a good ROI (return on investment) with Bitcoin then there are a few things to take into account. First, keep in mind that Bitcoin isn’t for the faint of heart as it can experience extreme volatility at any time due to different reasons such as government legislation towards cryptocurrencies and even market speculation. Another thing to consider is where you will store your BTC as there have been many services hacked throughout the years and if your funds aren’t stored on a desktop that has been consistently backed up, you may lose it forever.

Another thing to consider is buying Bitcoin through a cryptocurrency exchange such as Coinbase. Another way of purchasing BTC is through peer-to-peer trading or “over the counter” (OTC) but this is usually for experienced traders due to the lack of technical analysis factors that are present when using a cryptocurrency exchange.

If you want to get more involved in the financial side of Bitcoin, mining is also a good option. It’s not for everyone as it requires high upfront capital and specialized hardware called ASIC miners but there are many people who have made fortunes through getting into Bitcoin early and taking advantage of its exponential growth over the last few years.

Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.