Bitcoin is a trending topic amongst top investors, traders, high-profile businessmen, celebrities, and every other famous influencer who are looking for high returns from their investment. Even investing in BTCs now can help you make huge profits in the long run.
If you are well familiar with the concepts of cryptocurrencies and have basic knowledge of trading, you can easily make daily profits by trading in bitcoins. Head on to www.techtimes.com to know more about cryptocurrencies and the global future it holds to widen your knowledge on cryptocurrencies.
Is it profitable to buy $100 of Bitcoins?
The value of bitcoins has shown an upward trend in recent times, and if you are thinking of buying BTC for long-term investment purposes, you can earn a handsome amount of profit in the coming future. The wide possibilities of cryptocurrencies make it a lucrative investment option, and even with little investment, you can get high returns in the future.
There are several multinational companies, influencers, and celebrities who are constantly promoting the use of BTCs and altcoins and motivating people to invest more in BTC leading to rising in their value. You can buy Bitcoins in small fractions, i.e., you don’t have to buy 1 BTC that would cost you thousands of dollars. This makes it easy for everyone to invest in bitcoins, even in small amounts.
With the increasing value of BTCs, even with a small investment as low as $100, you can become a millionaire if the value of BTC touches $100,000. Several analysts have even predicted the value of this crypto coin might rise to $100,000 by 2024. One thing assured with such benefits is that cryptocurrencies hold their value will not go down in coming years.
The increase in mass adoption has made bitcoin the most valuable digital currency, and more and more people have switched to making payments in BTC. Even companies like VISA and PayPal are providing crypto services. Peer-to-peer transfers and payments in BTCs have never been this easy. If you are buying $100 worth of BTCs, you can either keep it invested and wait for higher returns or make transactions in case of emergencies.
If you are considering buying $100 of BTCs, then do keep these things in mind:
- Ensure that you are aware of the current value of BTCs. Usually, the crypto exchange platforms charge additional fees when you buy or sell them.
- Don’t get demotivated if you see a decrease in the value of bitcoins. It is impossible to predict the price of BTCs in the short run, but you will earn enormous profits in the long run.
- These digital currencies are still under development process, so it is better to use them for investment purposes.
- Bitcoins provide user anonymity but are not completely anonymous. Interested parties can get access to the ledger where their transactions are recorded.
Benefits of buying Bitcoins in 2024
1. Profitable venture and high return potential
If you are considering buying BTCs, then you must know that bitcoin is a profitable venture, and it has the potential to provide you with high returns. There is no doubt Bitcoins are highly volatile, but still, there are plenty of investors who are investing in cryptocurrencies, making them the most lucrative investment portfolio.
Also, the growing number of investors is a clear indication that it is a profitable venture and it can help you make enormous profits. If you have some basic knowledge of trading and are familiar with the concept of cryptocurrency, you can earn high returns.
2. Lower risk of inflation
FIAT currencies are prone to inflation as they are regulated by the central authorities of different companies. But buying Bitcoins, you no longer have to worry about inflation as they are immune to inflation. Irrespective of the changes in the price of other commodities, the market value of BTCs solely depends on the crypto market.
This is the reason why people from several countries have converted their FIAT currency into Bitcoins, so they don’t have to worry about the decreasing value of respective FIAT currencies caused due to inflation. Due to the lower risk of inflation, many people are still buying Bitcoins and making huge opportunities to double their money daily.
3. Accessibility and liquidity
The easy accessibility and liquidity of bitcoins make it completely worth buying. Bitcoins are accessible in several major countries and remove all the barriers so that you can send BTCs to anyone across the globe. This versatile online currency can be used in several ways. Some people consider it beneficial as an alternative investment portfolio, while there are people who use BTCs to buy goods and services.
Also, the establishment of online trading platforms in several countries makes BTCs the most liquid investment asset that can help you earn enormous profits in the long run. There are plenty of crypto exchanges and online brokers who are ready to trade BTCs and sell them at a higher value.
Plenty of companies are allowing transactions in bitcoins as an alternative payment option. You can buy, invest, sell BTCs anytime at your choice.
4. Decentralised currency
Being a decentralized currency, BTCs are not regulated by any government or central authority. This gives you complete control over your money. It also implies that no government or central authority will be able to trace your transaction and ensure that there is no public tracking of funds. Also, there is no definite way to implement taxation on your funds.
The value of this crypto coin is not affected by changes in government policy or inflation. Since Bitcoins are not linked with any central banks, you don’t have to worry about the privacy of your personal information because no personal information is required to make transactions in BTCs. Considering all these advantages, bitcoins are worth buying in 2024.
Even the smallest fraction of bitcoin is worth buying in 2024. As you have seen, the upward trend in the value of BTCs, in the long run, has made this cryptocurrency the most valuable asset in the world. Hence, without a second thought, you must buy Bitcoins and invest in them for a long period.