21st era money Bitcoin

Hi,

In this post I'm going through few articles that I have saved about between and investments

Investment Stratefy

a) Buy Bitcoin, and keep them for a relatively long-time

[+] Bitcoin is only a good store of value, at the moment very much like gold.

[+] Bitcoin is electronic gold that how I like to call it. Let's look at gold as an example currency, There is a limited amount of gold on earth.

As new hold is mine, there is always less and less gold left and it becomes harder and more expensive to find and mine.

The same is true with Bitcoin.

There are only 21 Million Bitcoin, and as time goes they become harder and harder to mine

• When is the right time to buy ?

As with any market, nothing is for sure throughout its history, bitcoin has generally increased in value at a very fast pace, followed by a slow, steady downfall until it stabilises.

• Bitcoin is global and not affected by any single country's financial situation or stability, like we experience in stock market whenever there is a trade war between countries and stock market to start getting worse .

For example, speculation about Chinese Yuan devaluating has, in the past, caused more demand from China, which also pulled up the exchange rate on US and Europe based exchanges.

Global chaos is generally beneficial to Bitcoins price since Bitcoin is a political and sits outside the control or influence of any particulate government.

When thinking about how economics and politics will affect Bitcoins price, it's important to think on a global scale and not just about what's happening is a single country.

[+] How to secure Bitcoins. [+]

As with anything valuable, hackers, thieves, scammers, will all be after your bitcoins.

-- Ledger Nano S - is a bitcoin security company that offers a wide range of secure Bitcoin Storage devices.

-- Trezor - is a hardware wallet that was built to secure Btitcoins , it generates Bitcoin private keys offline.

[+] Several Reasons to invest in Bitcoin [+]

• The first reason is that Bitcoin, since it inception in 2008, Bitcoin has greatly surpassed the 3 tests of trustworthy financial system:

1- Undergo a price bubble
2- Survive a price crash
3- Survive a big scandal (MT.Gox)

Despite these 3 very problematic events, bitcoin didn't die but still thriving with millions of dollars being invested in companies making cases revolving bitcoin as a result, this make bitcoin a currency that is here to stay.

• The second reason is it's potential of high price increases when you read in the internet about the possible future price of bitcoin, you can find predictions that look too good to be true. There are even people claiming the bitcoin price could one day reach 1 million dollar.

In theory it could be possible, but I doubt this will be the case but I do believe that during times of crises, bitcoin can reach extreme price increases. Bitcoin is considered a safe haven asset and its market cap is incredibly small to other assets.

-- A third reason to invest in bitcoin is the devaluation of the Chinese Yuan. China is carrying out a systematic devaluation of the Yuan. China's currency basket has been sliding at an annual pace 12 pc since the start of the year. In order to not lose purchasing power due to these devaluations, Chinese investors are diversifying in bitcoin. And it doesn't look like China will stop devaluating it's currency which is positive for the bitcoin price.

-- A fourth reasons is the economic turn-oil i n the world. Many economists even claim that due to the quilter easing by central banks all currencies are being inflated.

Some warn that all fiat currencies are heading towards hyper inflations, there by generating a massive wealth destruction.

Everyone interested in saving its wealth should at least diversify part of his fiat money into save heaven like precious metals or bitcoin.

Peace