10 Reasons to Invest in Bitcoin, Even If You Don’t Understand It.
Opportunities to invest early on something as impactful as what Bitcoin entails, does not happen very often. It’s a good idea to own a small portion even if you don’t fully understand what it’s capable of.
Why?
Well, if you’re wrong — you don’t lose out on much, only what you invested.
But if you’re right? The upside is exponential.
So why should you consider investing in Bitcoin in2020?
1. Digital Gold — Bitcoin is very desirable and scarce and since it is an uncorrelated asset class to fiat, your portfolio is better hedged to be a safer way of finding alpha.
2/ Timestamping — When you share information that can be copyright sensitive. Timestamping lets you easily validate whether something was originally yours before someone else. Tweetstamp, and OpenTimeStamps are useful timestamping tools
3/ Insurance — If your bank account or credit cards get lost or stolen, Bitcoin is a great alternative to store value and trade among others.
4/Censorship Resistance — Allows you to make donations to organizations like Alex Jobnes or wikileaks even if their payment processors and banks are shutoff due to unethical political pressure. #Bitcoin :)
5/ Sovereignty — As a Business, you can accept value even if you become deplatformed by Google search results or banned from banking.
6/Micro Transactions — Micro transactions that are less than $0.01 are simply not possible with fiat, but it is possible using Bitcoin’s Lightning Network.
7/ Security — SSS and multisig with CLTV and other scripts allow for novel methods to secure ones wealth.
8/Privacy — With electronic fiat , you have no privacy unlike with Bitcoin. Each transaction gives you a choice between privacy or transparency with each wallet.
9/ Global — You can travel the world , rent hotels and buy plane tickets and withdraw local currency easily without fears of credit card fraud or conversion rates. You can send payments to family in foreign countries easily.
10/ Interesting and Fun — It is fascinating mixture of technology, game theory, security, mathematics, politics, and economics that never bores! :)
