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Essay On Bitcoins

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7 Reasons Why Investing in Bitcoins in 2018 is a Wise Idea Most financially successful people have invested in bitcoins. According to a recent survey that was published byLendEDU in December 2017, about 78% of the investors believe that bitcoin returns in 2018 will be more than those of 2017. 75% of the investors intend to increase their bitcoin investments in 2018. What is making these investors very optimistic about bitcoins? The article looks at 7 reasons why you should invest in bitcoins in 2018. The entry of hedge and banks into bitcoin investing has increased the popularity of cryptocurrencies. No other asset in the financial sector history has ever offered such crazy returns. Until the crazy returns stop, the boom will continue. …show more content…

Decentralization means that all transactions remain anonymous. Transacting parties in bitcoins only share their wallet address and nothing more. This ensures that the personal details of the transacting parties are never known. Decentralization also prevents governments from levying taxes on cryptocurrency transactions. Most countries do not tax gains from cryptocurrencies. This lack of taxation makes transactions very cheap as compared to traditional forms of payment. The decentralized nature of bitcoins make them immune to geopolitics and happenings in the international financial arena. The value of bitcoins is not dependent on oil prices, the dollar or even Euros. 3. Transactions are Effected Immediately Traditional means of payment usually take a lot of time. Let us take an example, assume that you want to send your friend some money via his bank account and it happens that he belongs to a different bank. Normally, this would take about 2 days before he is able to access the money. This results in the wastage of precious time and delays many other things. Transacting using bitcoins offers instant solutions. You are able to transfer any amount of money within seconds. The most a transaction can take is just a few hours. This is a more effective way of making and receiving payments in business. Within a few minutes, you are able to receive or send payments using bitcoins. You do

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