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Bitcoin has changed the very nature of finance and trading as we know it. Economics has never been the same since that faithful night in 2017, but it’s all for the better.
Bitcoin may have shaken up the global market, but it’s done so with a solution that promises to prolong the dwindling economies of the world’s major countries.
For years now, the dollar and the US economy has been on a decline. The value of a single dollar continues to diminish while the poverty line stays the same. Over the next 10, 20, or even 30 years, one single dollar isn’t going to be worth anything.
That’s because so many new dollars are printed every year. The more that’s produced, the less it’s worth. This is where Bitcoin Profit, and Bitcoin comes in.
With Bitcoin, there are no concerns about supply affecting price. It doesn’t have the same creation procedures as currencies like the dollar, pound, or euro.
There’s little doubt about Bitcoin being the future, and with Bitcoin Profit you have a chance to invest in that future.
At Bitcoin Profit, we’ve dedicated ourselves to excellence. Everything about our platform has been built from the ground up to ensure that you’re getting a trading experience worthy of Bitcoin investing.
Our systems flow effectively, our servers are stable and secure, and our security measures are world-class.
When you trade Bitcoin with us, the only thing you have to think about is how much of it you want to buy. We’ve taken as much of the complication out of the process as possible, leaving you with a seamless and enjoyable experience.
Trading Bitcoin with us shouldn’t be like the suits sweating over minute-to-minute price changes on Wall Street. Bitcoin isn’t meant to be a short-term game, although it certainly can be.
Instead, you should be playing Bitcoin with the future in mind. The more time passes, the more Bitcoin is going to be worth, putting a ticking clock on your investment.
Buying today to sell tomorrow might make you a bit of profit, but it’s shortsighted in the long run.
Every single day, more governments and corporations are discussing and regulating Bitcoin for use in mainstream systems.
It’s gotten to the stage where even the European Union is attempting to replicate its own version of Bitcoin. This is an effort that is ultimately going to be in vain, but it speaks volumes as to how much power Bitcoin holds.
Bitcoin is often referred to as “digital gold,” and for a good reason. The nickname doesn’t just come from the fact that Bitcoin is valuable, which it certainly is, but because of the similarities it has with physical gold itself.
It’s important to remember that gold was once the definitive currency of much of the world. Gold still powers the global economy today, serving as the backing for almost every major currency.
Gold is so effective at this because it’s a scarce resource. There is only so much of it to go around, and lots of people want it, giving it inherent value.
Bitcoin is much of the same. There is only so much of it to go around, people can’t decide to make more of it like they can with the dollar, and many people want it.
The similarities between the two are striking and highlight just how useful Bitcoin is going to be in restabilizing the global economy in the future.
The biggest difference between the two is that gold is physical, and Bitcoin is digital. In this regard, Bitcoin has a massive advantage over gold.
Being digital means that storage and transportation isn’t an issue, nor is the idea that more people own gold than actual gold exists, which is a very real phenomenon.
This isn’t just us speculating; this fact was on display when the markets crashed in 2020 due to the Coronavirus.
When the global economy died, for lack of a better term, everything crashed. This included Bitcoin. However, Bitcoin recovered far faster than every other market.
Why? Well, the big investors saw how risky investing in shares was at the time. A business can run out of money and file for bankruptcy if its trade is badly disrupted by something like a pandemic. Bitcoin, on the other hand, cannot file for bankruptcy.
That’s why Bitcoin did better than companies, but what about currencies?
As a result of the hit businesses took worldwide, each of those respective country’s currencies also took a hit. The worse the effect of the virus, the lower the currency went. Bitcoin doesn’t belong to any single country or economy, protecting it from this.
Lastly, why did it do better than gold? The answer to this is surprisingly simple: ownership.
Very few people who invest in gold house that gold themselves. This is left up to reserves and banks.
However, in the event of a total societal collapse thanks to something like a pandemic, how are they meant to get access to their gold? They can’t. All they have is a bill of sale. With Bitcoin, that currency is on hand at all times and doesn’t need special arrangements made to store and transport.
If you’re not excited about Bitcoin, you really should be. Not only is it a great tool for you to use to bolster your portfolio, but it’s actively going to save the human race from complete economic disaster.
You don’t have to take our word for it; look at the news. There’s more information about different institutions investing in Bitcoin every single day.
If you want to be a part of what is less of a growing revolution than it is a full-on global phenomenon, then you’re going to want to sign up for a Bitcoin Profit account.
We’ve done everything that we can to make sure that your signup process is quick and easy. Our registration form only takes a few minutes to fill in. We only need basic information like your email address and phone number. There’s no identity verification on Bitcoin Profit.
The only verification we need you to do is with your email. Once that’s done, and you’ve made your first deposit, you’re ready to start trading.
We aim to have you capable of making trades the very same day you sign up for an account in the first place, so don’t waste any more time!
Trading Bitcoin should be a fun experience, but the clock is very much ticking on your ability to invest. In 2021, major regulations and adaptations are coming to Bitcoin. In particular, there is major talk in the US regarding how the government can use the currency.
Once those regulations are put into place, the value of Bitcoin is going predicted to skyrocket. You’re still going to be able to invest at this point, but your investments aren’t going to be nearly as effective as they would be if you invested now.
The longer you wait, the more you’re letting the opportunity pass you by. There’s no pressure to jump in headfirst, but you at least want to get your feet wet as soon as you can.
This is one of our priorities at Bitcoin Profit. We want to provide our users with a fast and safe experience that allows them to quickly experiment with Bitcoin without diving headfirst into a market they know nothing about.
Our minimum deposit limit of $250 is set up to do just that. This amount is enough to give you a stable base to start investing with, without being too high that it locks certain people out of the platform or presents a massive risk.
Perhaps we’re getting a bit ahead of ourselves here. You might have only heard of Bitcoin recently, in which case a lot of what we’re saying is going to sound like gibberish. If you fall into this camp, don’t worry.
Bitcoin, in the simplest terms, is a currency. Despite its remarkable similarities to gold, it works as the dollar does. You can buy things with it depending on the retailer online, and you can accept it as a form of payment.
That’s where the similarities end, though.
That’s what Bitcoin is in a nutshell, though. It’s a digital currency.
Bitcoin is inflation-proof because of how new units are created. Rather than being printing on the demand of a group of executives, Bitcoin is made through an automated network process that is completely free from human interference.
Therefore, Bitcoin can never really be subject to any inflation. The rate at which it’s produced is automated and constantly diminishes with each passing year, making an oversupply impossible.
This process, the one through which Bitcoin is made, is called Bitcoin mining.
The Bitcoin that the network produces doesn’t just automatically get distributed into the market, though. This is another aspect of the coin that makes it safe from inflation.
Instead, new Bitcoin is used to pay “Bitcoin miners.” Bitcoin miners are the people that use their personal hardware to help support the Bitcoin network or blockchain.
These people spend thousands on cutting edge equipment and hardware only to download a software and leave the equipment sitting there, turning it into a glorified server. As well as this, these people monitor the network and authenticate the movement of coins. This makes sure that there are no issues with day-to-day operations.
Naturally, people aren’t going to do this for free, so the network pays them. They effectively work for Bitcoin, or at least the computer algorithm that makes up the Bitcoin blockchain.
The rate at which Bitcoin pays out to these miners decreases by half roughly every four years. It’s not based on time, rather on how many blocks are mined.
This allows Bitcoin to retain its value as time goes on and demand for the coin increases. By actively decreasing the supply of Bitcoin as demand goes up, the coin is only going to increase in price.
Read MoreAs well as that cut in production, the amount of Bitcoin that can ever be mined is capped at 21 million. Once that 21 million limit is reached, no more Bitcoin can ever be produced.
While this is undoubtedly going to have a massive impact on Bitcoin and its value, it’s not something that we need to consider at all.
This is because that 21 million limit reach isn’t going to be hit for another 120 years or so.
Despite how long that is away, it’s an important bit of information as it allows Bitcoin to act like gold as opposed to the dollar. It’s a scarce resource.
There’s little doubt that Bitcoin is the future. Humanity needs to come up with new economic solutions, and it needs to do so fast.
Bitcoin has already presented itself as the definitive fix to the inflation issue that many countries are currently facing, which is why it has increased so much in value.
While popularity isn’t the only defining factor of a good investment, it definitely is when it comes to crypto. People aren’t buying Bitcoin because of the hype or because it’s a trend. That happened in 2017, but it hasn’t happened since.
Instead, people are buying Bitcoin because they realize how valuable it is, as well as how valuable it’s going to become.
At Bitcoin Profit, you have a chance to make that investment yourself. We facilitate the platform; all you have to do is provide the funds and click the button.
Bitcoin trading has never been faster or easier than it is with us, and that’s something that we stand proud of.
Bitcoin is still a relatively new technology. It might have been around since 2009, but it’s only recently that people are starting to take any real notice of it.This means that people still have all kinds of questions about it. This is only to be expected given the technology and economic science involved.
To try and help you grasp Bitcoin a bit more solidly, we’ve put together a short FAQ for you to have a read of.
We briefly mentioned 2017 before, but let’s talk about it in a bit more detail.
First, know that Bitcoin came around in 2009. This is when it first appeared, but not when it gained popularity. The attention only came in 2017.
One particular trading whale made a sudden and very large investment in Bitcoin. This investment was so great that it drove the price up by a ludicrous amount overnight.
The increase in price caught the attention of other traders, who in turn invested. This then caught the media’s attention, which began running stories on Bitcoin, which in turn brought more investors.
This vicious cycle continued until even people that knew nothing about trading or cryptocurrency were investing thousands of dollars. It became a ludicrous idea of a get rich quick scheme. It wasn’t, obviously, and eventually, the bubble popped.
Yes and no. It’s impossible to say what Bitcoin is worth right this minute, but a safe guess is that it’s somewhere around this margin. However, that doesn’t mean that you need to cough up five digits to invest.
Instead, Bitcoin is actually broken down to the eighth decimal point. These smaller Bitcoin units are called Satoshi, after Bitcoin’s creator.
This allows you to buy as little as one dollar worth of Bitcoin, making it infinitely more accessible to the trading community.
Yes, the amount of money being poured into Bitcoin on a daily basis was enough to allow some investors to gain a rather significant profit. These investors sold, which started a downward trend of panic selling.
The price plummeted. Ironically, though, those who kept their Bitcoin even when that happened would now have made more earnings than those that sold even at the very peak of 2017. Bitcoin recently broke through its all-time high in 2021, reaching just past the resistance level of $30,000. In contrast, it only ever reached past $20,000 in 2017.
Satoshi Nakamoto is the alias used by the person or group that developed Bitcoin. Nobody actually knows who or what the alias belongs to. It disappeared from the web not too long after Bitcoin released, leaving it a total mystery.
Ultimately, though, it doesn’t matter. The point of using an alias in the first place was to demonstrate the anonymity of Bitcoin. It doesn’t matter who or what created it because it doesn’t belong to them. Bitcoin belongs to the world, not any individual or organization.