Why is Bitcoin so profitable today?

The unique digital currency Bitcoin appeared not so long ago, but any other traditional national currency can envy its popularity. What is the reason for such a rapid rise in demand? Of course, in its high rate against the US dollar. When this cryptocurrency appeared in 2009, it had a value equivalent to a few cents. Its creator - the brilliant Satoshi Nakamoto (or someone else under that name) released it, not at all knowing what course she would reach.

It rose at a rapid pace, and by 2013 had soared to $ 1,000. And it doesnt matter that after that a fall followed. In 2015, it dropped to $ 200. This was the moment after which a period of stabilization began. Over the next years, Bitcoin has increased its rate and as of May 18 of this year is 454 dollars.

Many are frightened by the excessive volatility of this currency. People are wondering if using Bitcoin is profitable, or maybe risky. It is necessary to understand all the nuances of the behavior of this cryptocurrency.

Its high volatility can be beneficial in the Forex market. Traders make money on the difference between buying and selling currencies. In this regard, there is no need to doubt whether Bitcoin is profitable. With him, you can get the desired profit, only you need to correctly predict his future behavior.

In order not to make mistakes in assumptions, experienced traders take into account that in recent years, sharp jumps in the rate have stopped. It should be noted that despite the fall immediately after the highest mark of $ 1,000, the Bitcoin rate did not fall to the initial minimum. This means that it has become more reliable. All this confirms that the benefits in Bitcoin are undeniable.

Experts are predicting a significant rise this year. And this is not an artificially created opinion, it has specific justifications. There are tendencies for an increase in demand for Bitcoin, consisting in the interest in this cryptocurrency not only from ordinary users. Once the exchange rate begins to rise, governments in many countries may be eager to participate in the overall profit-making process. It is possible that government financial structures do not doubt whether it is profitable to perceive Bitcoin as a real commodity asset. And they intend to get some of it. It can be assumed that, for example, China will be one of the first to rush to purchase Bitcoins in large quantities. The rest of the states will not passively watch and follow the example of the Chinese. Such a surge in demand will have obvious consequences. And the question of whether it is profitable to acquire Bitcoins today becomes clear without experts.

Bitcoin this year may rise to its highest level in the past - $ 1,000. This limit was typical for 2013. And the current situation has more prerequisites for a strong takeoff. To believe or not to believe analysts - everyone decides independently, but it makes sense to listen to them. For 2017, the Bitcoin exchange rate is predicted at $ 3,000. So is Bitcoin profitable, of course, yes. In any case, even if the forecasts are not exactly fulfilled, and the margin of error is 50%, the rate of $ 1,500 is impressive. Businessmen and traders are now just rubbing their hands.

Benefits of Bitcoin not only in the high rate

As you know, a centralized management system has nothing to do with Bitcoin, it does not reflect political squabbles, international conflicts. Whatever happens in the world: wars, revolutions, rampant terrorism, Bitcoin lives its usual virtual life. But the benefits in Bitcoin are real. You just need to overcome doubts, learn how to use cryptocurrency, and no special technical training is needed. You just need to accept this new phenomenon, created to improve the quality of our life.

New doesnt mean complicated

Everything is learned by comparison, and the digital currency is also worth comparing to get a clearer idea of it. Bitcoin is often compared to gold, and 99% of the similarity is found, because besides the fact that gold, a synonym for financial well-being, can be touched and admired, Bitcoin has all its other properties and characteristics. It can be compared to oil, which is also produced by labor and has limited reserves and a high price.

But, of course, one cannot help but take ordinary paper money for comparison. The fact that Bitcoins cannot be picked up and put into an ordinary wallet is not a disadvantage, but in a sense, an advantage. They will not be stolen, bills will not burst, and the wallet will not be lost. By the way, those who have paper money sometimes complain how tedious it is to count them. But money loves an account, otherwise it will float out of your hands and you will not notice. Digital money in an electronic Bitcoin wallet is automatically recalculated. It also stores the history of money transfers made. With them there is no need to keep separate records of expenses and income, all this is in the electronic wallet. And what can we say now, is it profitable to have Bitcoins? The answer is clear without unnecessary comments.

The fewer there are, the more priceless they are.

The limited number of Bitcoins scheduled to be released by 1240 is confusing for some. What is this currency, if it is in such quantity? The answer is immediately ready: first, based on the rate - 1 Bitcoin is $ 454, you need to multiply 21 million by this number. And if the predictions come true and the cost of Bitcoin rises to $ 3,000, it will be a pretty impressive amount. And then it is already clear whether Bitcoin is more profitable than another currency. And to make them enough for everyone, each crypto coin is divided into one hundred million digital kopecks - satoshi.

Many conservative governments of some states do not share the opinions of those who are optimistic about the prospects for the development of this cryptocurrency. But after all, the benefits of Bitcoin cannot be denied, although this does not always play into the hands of governments, which are used to subordinating everything to their vigilant control. After all, the state is essentially an apparatus of violence. And any innovations introduced from the outside, without the participation of the government, are most often ignored or prohibited by it. An example is Russia, where Bitcoin is banned and cryptocurrency cannot be used in business.