There have been flotsams and jetsoms of data, both true and unverified, regarding bitcoin investing. And more recently, Bitcoin Up. Cryptocurrency is relatively new, which is probably why it warrants much speculation from the watching world.
But since it was released as open-source in 2009, analysts have been all-hands-on-deck to check its validity as a non-traditional asset. Scrutiny upon the type of security involved in the trading and investment process that criss-cross therewith has also been taking place.
So far, the findings have been beyond “good.” In fact, “exceptional” is the right word to use in this instance. More on this below.
What about Bitcoin Up? Another comparatively new software program that claims to increase the likelihood of allowing bitcoin investments to gain profit faster than any human mind can process and compute. Here’s an Insidebitcoins review of the Bitcoin Up app, and other bitcoin facts that will get you hyped about trading and investment.
Bitcoin Investment 101
The first question every Bitcoin user asks in the context of investment is this: “What exactly is Bitcoin investing?” This buying, trading, and selling of cryptocurrency is the new wave of deflationary currency. It’s an asset that holds its own in spite of inflation and/ or hyperinflation.
These very reasons are probably why the Bitcoin price has suddenly gone up to at least $20,000 this year alone. With calculations done through the Equation Of Exchange, an increase to $400,000 after 10 years is foreseeable. And if that number isn’t staggering enough, we don’t know what is.
Advantages Of Bitcoin Investment
There is no paperwork and other authorizing requirements needed before you can sign up for bitcoin trading. There aren’t any qualifying procedures and fees to get you into the investing scheme. Bitcoin users can begin investing whenever they choose to.
Bitcoin is independent in the sense that there are no single-agencies (i.e. governments, traditional financial institutions, etc.) that will act as mediators. This function, often, is what causes delays in conventional investment and trading.
No Currency Exchange
In relation to bitcoins being decentralized in general, currency exchange will not be an issue. Count that as another nuisance to cross off your list. Considered as a private, digital currency, it’s a lone ranger in this category. No matter where the senders and receivers are located across the globe, they can transact bitcoin exchanges without complications.
Bitcoin Up FAQs
How about a bot that can get through the nooks and crannies of bitcoin investment difficulties, and help raise your profit by way more than half of what you’d averagely earn? That’s what Bitcoin Up is. An AI-powered, Machine Learning-equipped software program that will serve as the investing bot that will make the calculations in the trading environment for you.
There have been a lot of doubts and scepticism surrounding Bitcoin Up as to its authenticity and accuracy. But its algorithms are clear. It’s an aid for bitcoin investors to get the most out of their investments. It can follow BTC trends and news so that when sudden price shifts occur (and they occur erratically 24/7), you won’t have to manually log in and purse said trend shift. And if it happens during the wee hours of the evening, the bot will be up and running even when you’re counting sheep.
Other Benefits Of Paying Through Bitcoin
- Autonomy In User Transactions
Here’s one of the main tenets for why Bitcoin has become popular with the Individual User— user autonomy. You have full control over your digital currencies. When, on the other hand, fiat currencies (government-regulated currencies) go through several channels or mediating bodies like central banks, etc.
The advantage of user autonomy is the absence of fees set upon by said intermediary organizations. At the same time, it’s your self-assurance that nobody else has access to your virtual money. This applies to the Bitcoin wallet as well. Unless you willingly release your private key to anybody else but yourself, nobody can access your Bitcoin wallet.
- No Banking Fees
The second reason for why the idea for bitcoins is attractive— banking fees are completely eliminated from any transaction. Many aren’t aware (or don’t mind) that there are tiny “hidden” charges with banking proceedings. They’re not outrightly extravagant, which is why customers often don’t pay attention to them. However, add up all of those fees over time and you’ll be surprised at how much you’ve paid a third party simply for “holding” what’s your money in the first place.
You should know that with regards to international transfers, you will be charged for international fees. Still, those fees are laid upon by the entity that will conduct said transmission. Even then, these exchange costs are relatively low in comparison to that of traditional banking systems.
If you’re one to travel a lot, you’ll find this to be a very helpful feature as it will lower costs for international payments and lessen the need for authorization requirements, etc.
Gone are the days when queueing for your turn at the bank was the norm. With bitcoins, you won’t ever have to go through this hassle again. Bitcoins can be sent and received via mobile phone or computer, as long as you have the app installed.
This equates to being able to conduct transactions virtually, and literally anywhere. A stable internet connection is all you’ll need and you’re good to go.
- Transaction Monitoring
Another benefit of choosing cryptocurrency exchanging and trading. We’ve mentioned “user autonomy” earlier. This ties in with that. Whenever you make a transaction, whether in receiving bitcoins, sending them out, or investing them, it’s so easy to track where bitcoins end up. If you have Bitcoin Up and other BTC apps installed, with a simple click, you can check your transaction history in no time.
Have you experienced being in a conundrum because your bank history and transactions were so difficult to oversee, you had to keep calling bank tellers (or visit the bank itself) just to verify that the undertakings have been authorized and cleared. Skip that through Bitcoin’s effortless virtual cash user-supervision.