A reference for everyone, why Bitcoin will rise even more.
Firstly, we all know that the fiat economy is not in the healthiest shape right now. Greece is broke, many currencies are dropping in value while Bitcoin is rising.
You may ask... but the same thing can happen to Bitcoin!
No! ... well technically Yes, but it is anti inflationary by design! The software is programmed like that. Every other fiat(Eur, USD...) is deflationary. Meaning, you actually loose value over time! Bitcoin to me is like digital Gold. It is a true store of value which cannot be lost unless people don't trust it anymore. In the early days mostly techies were playing with Bitcoin and trusting it. Nowadays more and more people get to know cryptocurrencies in general and use cases popping up everywhere.
Examples:
- On the swiss train ticket machine, its possible to pay with Bitcoin!
- More and more Bitcoin ATM's are getting installed! (just google it)
- Food delivery services like https://news.bitcoin.com/polands-largest-food-delivery-website-restaurants-starts-accepting-bitcoin/
Some more reasons:
1 https://trends.google.de/trends/explore?q=bitcoin
This graphic shows the search interest of the word "Bitcoin" in the search engine Google over time.
2 https://coin.dance/volume
Those graphics are showing the volume(amount of money) on various major Bitcoin buying/selling sites.
3 Financial instability -> Bitcoin rises
We all know whats going on these days with Greece, Venezuela and Nigeria. The currencies are either dropping or people simply cannot access that much money anymore since the banks are disabling access to it like in Greece. Strange that in exactly those countries, when times are bad, the interest of Bitcoin rises right?
So as a tip from my side, even if you are kind of a broke college student like me. Save some 100$-200$ for Bitcoin and either buy if you want to be safe, or do margin trading if you want it to be more risky like me. Below you see a chart from the site http://plus500.com, which is an online broker allowing leveraged trading with Bitcoin. If you have 200$, you can trade as if you own a full Bitcoin on the current price. Meaning, that if the Bitcoin price rises +100$, you will gain +100$. But also, if the price drops about -100$, you will loose those 100$. Right now we had a correction and i am more than positive, that the price will recover in the following days / weeks.
Cheers!
