Need to Buy Bitcoin?

As the world’s number one crypto currency market, Bitcoin has made some serious headlines and ups and downs in the last 6 months. Almost everyone has heard of them, and almost everyone has an opinion. Some may not understand the idea that a currency of any value can be created out of nowhere, and others love that something without government control can be traded as a valuable entity.

Where are you sitting “Should I buy Bitcoin?” the barrier probably boils down to the question: Can I make money with Bitcoin?

Can You Make Money With Bitcoin?

In the last 6 months, the price has gone from $ 20 a coin in February to $ 260 a coin in April, down from $ 60 in March to $ 130 in May. The price is now set at around $ 100 for a Bitcoin, but then what happens is anyone can guess.

The future of Bitcoin is ultimately based on two main variables: the adoption by the general public as a currency and the non-prohibition of government intervention.

The Bitcoin community is growing rapidly, interest in crypto currency has spread tremendously online, and new services are increasingly supporting Bitcoin payments. The blogging giant, WordPress, supports Bitcoin payments, and African mobile app provider Kipochik has developed a Bitcoin wallet that will allow Bitcoin payments in developing countries.

We’ve already seen people make millions with money. We are seeing more and more people who are experiencing living alone in Bitcoin for months on end, while recording the experience of watching documentaries.

You can also buy food in Boston, coffee in London and some cars on Craigslist using Bitcoin. Bitcoin search has risen in 2013 with a rise in April and then a drop in the price of Bitcoin. Last week, SatoshiDice made the first major purchase of a Bitcoin company for an online gaming site for 126,315 BTC (about $ 11.47 million) by an unknown buyer.

This rapid growth in awareness and exploitation seems likely to continue if it remains strong in confidence in the currency. This leads to a second addiction. Government regulations.

Although it is specifically designed to work independently of government control, Bitcoin will inevitably be affected by governments in some way. That must be the case for two reasons.

First, to achieve high levels of adoption, Bitcoin needs to be accessible to a wide range of people, which means expanding beyond the realm of hidden transactions to ordinary day-to-day transactions for individuals and businesses alike. Second, these Bitcoin transactions could become a trivial part of people’s tax wealth so that they can be declared and regulated along with any other type of wealth.

The European Union has already stated that Bitcoin is not classified as a Fiat currency or currency, and therefore will not be regulated by itself. In the US, 50 state systems and the number of bureaucratic bodies involved have inevitably hampered decisions without reaching a consensus so far. Bitcoin is not considered money, but it is considered to be money.

A thriving U.S. Bitcoin market has a more secure future for now, and any crucial U.S. legislation could have a very positive or very negative impact on the future of Bitcoin.

So, Should You Buy Bitcoin?

The answer largely depends on your anti-risk attitude. Bitcoin will certainly not be a smooth investment, but the potential of this currency is great.