A few Reasons to buy Bitcoins
If you are thinking to purchase bitcoins but there may be something revolves in your minds and in order to get rid of these weird thoughts, go through the following points.
Several essential reasons to buy bitcoins:
The following are a few points that will answer why you need to purchase cryptocurrencies now.
- Permanent rule – There are only limited number of bitcoins, though these cryptocurrencies are mined every day and supplied regularly. They will not cross over 21 million coin supply cap and this rule is permanent and nobody can change it.
- Scarcity – The important reason why bitcoin price has been increasing is due to its scarcity. Though gold is also scarce but we do not know when it will come to an end.
- Transparent – Bitcoins are more transparent than physical money that is Federal Reserve. These currencies have another important feature that is it does not have any central authority.
- Uncensorable – Due to its decentralization, it cannot be censored and banned by the government of any country. Though a country may think that there is no bitcoins circulation but the network may remain alive.
- No transaction fee – Payments across countries can be costly and it may consume several days to complete the process. But in case of bitcoin transaction, there are no fees involved and it will process within seconds.
- Alternative to gold – These crypto currencies are compared to gold but it has more benefits like easily portable, non-confiscatable, accepted as payment and transferred easily.