I heard of Bitcoin a while back. And for a while, I’ve asked myself: should I buy Bitcoin? Is Bitcoin a good investment?
I couldn’t just hear about it and jump in. Nope, I kept debating, questioning, putting it off. Perhaps you’re in the same boat.
Okay, back to business.
You’ve heard of Bitcoin for a while now, and the profits early investors made, but you still can’t make a decision, right?
Since Bitcoin was created in 2009, the price has kept going up, from $0.01 to $20,000 per coin.
Fun fact: The average growth over 9 years would have been 28% per month.
So, is Bitcoin worth buying in 2020? Is it safe? Should you buy Bitcoin right now, or wait? And how much Bitcoin should you buy?
So…. Should I buy Bitcoin? 4 Reasons Why You Should
So, is Bitcoin a good investment? I get that question a lot. It needs a little patience to develop and understand, especially because you want to make an informed decision, right?
1) Permanent Rules
Although new coins are mined and added to the circulating supply regularly, Bitcoin will never cross over its 21 million coin supply cap. This rule is in contrast to all world governments, who print more money every day.
2) Bitcoin is and will always be scarce
One of the main reasons Bitcoin has risen in value so dramatically is its scarcity.
If all the Bitcoin supply in existence were to be distributed evenly across the people of the earth, then there would only be 0.0023 BTC for each person.
If you own more than 0.0023, you will own more than most people will be able to own.
3) Transferring BTC incurs low fees
International payments can be time-consuming and surprisingly expensive (No, I’m lying. It’s not surprising at all). Fees can range from 3.5% to above 10%, and take days to process.
Bitcoin has fees too. And to be fair, the fees can go quite high as the value of Bitcoin rises or the Bitcoin blockchain experiences heavy use. However it’s faster and cheaper.
Trading fees at ChainEX however, are beyond reasonable.
4) ChainEX makes it easy to get started
ChainEX is a proudly South African private company, and currently, a South African digital asset exchange that provides a platform for South Africans to buy, sell or trade over 20 different digital assets using the South African rand as the default fiat-buying currency for some.
ChainEX provides you with a secure, online platform from which you can purchase and trade with different digital currencies and assets.
But wait…… There’s MORE! ChainEX also offers a referral program! Earn more by referring your people to the platform too!
Q: “So, wait… I can make money from trading AND referring?!”
A: “Yes, yes you can :)”