The Perks of the Blockchain Network and BTC Investments - Coindoo
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The Perks of the Blockchain Network and BTC Investments

Editorial Team Avatar
Apr 26, 2021
4 min reading time

Bitcoin is considered extremely valuable when it comes to BTC investments mainly because its price has exceeded $60,000 in March after a long and incredible bull market phase. But, also a lot of users first got interested in Bitcoin and the blockchain network due to its unique advantages. In this article, we provide an overview of what are the main perks of joining the blockchain network are, as well as BTC investments.

Blockchain Network

Blockchain technology is the underlying technology of Bitcoin. It is also one of the unique aspects of cryptocurrency that provides most of the benefits when it comes to BTC investments. It is defined as a decentralized, peer-to-peer cryptocurrency system created to provide its users with a safe option to send, receive BTC transactions through the network. 

When it comes to the technical aspects of the network, it is crucial to know that the blocks of transactions are linked via cryptography, and the network is distributed over a cluster of computers around the world, also known as nodes. 

When more nodes join the network, it makes it even more difficult for anyone to take control of the network, or to alter the transactional records. Otherwise, all of the transactions are irreversible, they are permanently recorded in the network, and everyone can see the real data entries, while every user can also see the data of every action that has happened in the system.

This complete transparency is not possible within other payment systems, especially for traditional currencies, and it was one of the appealing factors for new users even in the beginning. The second most appealing factor of joining the blockchain network is the anonymity it provides for its members. 

Furthermore, because the network is peer-to-peer-based, the processing time is very short; it takes 10 minutes for one block of transactions to be included in the network. When it comes to cross-border transactions, this also makes no difference, and it is also beneficial that the transaction fees are typically very low. 

Perks of BTC Investments

The main advantage of investing in Bitcoin is that it’s actually a lot more accessible to get BTC today, thanks to online trading sites. One example is the bitcoin circuit, which is a reputable and safe trading site, which offers consistent performance to its users. Furthermore, it is very accessible for beginners because this is an automated trading system; hence your experience and knowledge about Bitcoin aren’t that important in gaining high returns.

Also, you get a trading guide to help you every step of the way. In fact, you can earn here three times your investment in the first 8 hours of trading.  This is another factor that triggers the high price of Bitcoin because it is very accessible to the general public, but also institutional investors to make BTC investments. 

Future Bull Cycle

Otherwise, another benefit in investing in Bitcoin is obviously the high price. Today, the Bitcoin price is over $60,000, and there are many future predictions that expect an even higher value of Bitcoin in the future. For example, some supporters believe that the price will end at $100,000 by December 2021. Other supporters like the Winklevoss twins think the price will break $500,000 in 2030.  

The Bottom Line

In conclusion, Bitcoin is a very scarce asset. The total number of BTC is 21 million, and investors are treating it as a safe-haven asset, especially in times of uncertainty. Hence, even if you don’t agree with Bitcoin investors like the Winklevoss twins, for example, no one can deny that the demand is far greater than the available supply. Therefore, it is very probable that the price will continue to rise in the following years. Otherwise, blockchain networking itself offers a myriad of benefits not only for investors and miners, but also in the business and public sector. 

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* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
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