Bitcoin is, without a doubt, the first and most famous digital currency the world has ever seen. It was created not long ago, in 2009, by an anonymous person or group of people, using the pseudonym “Satoshi Nakamoto”. What fascinated people in the beginning was that the transactions made in this new cryptocurrency were made completely anonymous, directly from one person to another, without having to use any sort of intermediateries or banks, like with the normal currencies.
Many people tried, without success, to find out the real identity of the people behind “Satoshi Nakamoto”. To this day, it still remains a mystery, and it’s possible that it will remain so, at least for a very long time.
One of the most important factors that led to Bitcoin’s overwhelming success was the introduction of Blockchain technology. All transactions done in Bitcoin are anonymous, transparent, and stored in a public “record book” called blockchain. This eliminates all the security risks associated to storing data centrally and provides a secure, encrypted environment for the transactions.
Since its launch, Bitcoin has been continuously attracting the interest of millions of investors who saw in it an amazing opportunity to get rich. Complete transparency, fast transactions and extremely high volatility were just a few of the reasons that helped so many people achieve fortunes trading this new currency.
At its all-time high, Bitcoin reached the astonishing price of $20,000, something that many people who doubted the future of the coin wouldn’t have dreamed of. As a comparison, around February 2011 it was priced at just $1, which means for every dollar you would have spent back then, you would’ve had $20,000 in January 2018.
One thing that makes digital currencies so profitable is the fact that they are not yet regulated. This causes the markets to be extremely volatile, which leads to enormous profit opportunities. We all know the saying “Buy low, sell high” – this couldn’t be truer when it comes to investing in digital currencies. The huge price fluctuations create amazing opportunities for investors very frequently.
Market analysts have been observing a rather strange occurring: many stocks and commodities traders have been slowly, but steadily, shifting their attention to the cryptocurrency markets. And that’s because of the real potential that traders see in the digital currency scene.
We’ve all probably heard stories about stock trading. For example, we have companies such as Apple or Google, whose stock prices easily exceed a few hundred dollars. With Bitcoin, or any other altcoins, a user can purchase even extremely small fractions, as low as the 100th million of a coin. This makes it ridiculously easy for anybody to get in and make some amazing profits, regardless of their capital and investment skills.
Bitcoin has no boundaries and no connection to any governments whatsoever. With normal currencies, a failure of the government can quickly lead to the collapsing of the entire currency, whereas with Bitcoin this risk is simply nonexistent.
If you’re considering to jump on the crypto train, now would be a very good time to do so. You wouldn’t want to miss out on the chance of joining the hundreds of thousands of people who have already made millions investing in cryptocurrencies!