Should I trade in Bitcoin?

Last Updated: 17 February 2024

The topic of how to keep your cryptocurrency save was discussed in Part 9 of the Bitcoin basics series. We will look at why you should invest in Bitcoin in Part 10.

Bitcoin is a significant step forward toward currency in the future.

Until now, peer-to-peer transactions have involved participants exchanging goods, precious metals, or fiat currency, which is regulated and managed by a central bank and subject to value peaks and troughs defined by geographic and political considerations.

For the first time, bitcoin provides a practical technique for transacting parties all over the world for exchanging value without needing a regulator’s intervention and with little time.

Bitcoin is interesting not just because it is a compelling way to pay others for products or services supplied but also because it is a hot topic for investors.

Bitcoin’s continuous price gains have been sparked by worldwide interest in cryptocurrency. While one’s losses can quickly outstrip one’s gains, investing in bitcoin represents a good investment vehicle through which one can be a part of the currency’s future and accumulate wealth.

Fundamentally, bitcoin represents a shift in a long-standing global framework, one that has captivated the interest of investors, commentators, and spectators alike. While the future is uncertain – as concerns about bubbles, international regulations, and new laws grow – bitcoin remains a fascinating discovery that has the potential to revolutionize the world as we know it.

Evolution of cryptocurrencies

We will be tracking the evolution of cryptocurrencies and their acceptance around the world at CoinInsider, not only through breaking news but also through insightful editorial articles that delve deeper into cryptocurrency markets, adoption, potential regulations, technology, and price spikes and drops.

If you are as enthralled as we are by the emergence of this new technology and its potential to change the world, we invite you to join us as we capture the first draught of this important moment in history.

You have reached the end of our Bitcoin basics series; you can start again with Part 1 “What is Bitcoin“.

 

Author
  • Luke Handt

    Luke Handt is a seasoned cryptocurrency investor and advisor with over 7 years of experience in the blockchain and digital asset space. His passion for crypto began while studying computer science and economics at Stanford University in the early 2010s.

    Since 2016, Luke has been an active cryptocurrency trader, strategically investing in major coins as well as up-and-coming altcoins. He is knowledgeable about advanced crypto trading strategies, market analysis, and the nuances of blockchain protocols.

    In addition to managing his own crypto portfolio, Luke shares his expertise with others as a crypto writer and analyst for leading finance publications. He enjoys educating retail traders about digital assets and is a sought-after voice at fintech conferences worldwide.

    When he's not glued to price charts or researching promising new projects, Luke enjoys surfing, travel, and fine wine. He currently resides in Newport Beach, California where he continues to follow crypto markets closely and connect with other industry leaders.

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