Today News Journal
    What's Hot

    Reduce risk for dementia by improving diet and activity levels, studies say

    July 30, 2022

    What is monkeypox, and how can you stay safe while it spreads?

    July 30, 2022

    Chips Act Skips US Leaders for Asian Winners

    July 30, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Today News Journal
    Contact Us
    • Home
    • Trending
    • Business
    • Health
    • Technology
      • Automobile
      • Gadgets
      • Mobiles
      • Robotics
    • Lifestyle
      • Culture
    • Sports
    • Travel
    • Editorials
    • News
      • Politics
    Today News Journal
    Home » Culture » Should You Buy Bitcoin?
    Culture

    Should You Buy Bitcoin?

    John SmithBy John SmithJuly 5, 2022No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    As the world’s current front runner in the Crypto Currency market, Bitcoin have been making some serious headlines, and some serious fluctuations in the last 6 months. Almost everyone has heard of them, and almost everyone has an opinion. Some can’t fathom the idea that a currency with any value can be created from nothing, whilst some love the idea that something without Government control can be traded as a valuable entity in its own right.

    Where you sit on the “Should I Buy Bitcoin?” fence probably ultimately boils down to one question: Can I Make Money from Bitcoin?

    Can You Make Money from Bitcoin?

    In just the last 6 months, we have seen the price go from $20 a coin in February, up to $260 a coin in April, back down to $60 in March, and back up to $130 in May. The price has now settled to around $100 a Bitcoin, but what happens next is anyone’s guess.

    Bitcoin’s future ultimately rests on two major variables: its adoption as a currency by a wide audience, and the absence of prohibitive Government intervention.

    The Bitcoin community is growing rapidly, interest in the Crypto currency has spread dramatically online, and new services are accepting Bitcoin payments increasingly. Blogging giant, WordPress, accepts Bitcoin payments, and African based mobile application provider, Kipochi, have developed a Bitcoin wallet that will allow Bitcoin payments on mobile phones in developing nations.

    We have already seen people make millions on the currency. We are seeing increasing numbers of people experimenting with living only on Bitcoin for months on end, whilst recording the experience for documentary viewing.

    You can buy a takeaway in Boston, coffee in London, and even a few cars on Craigslist using Bitcoin. Searches for Bitcoin have rocketed in 2013, with April’s hike and subsequent fall in the Bitcoin price. Last week the first large acquisition of a Bitcoin company was made for SatoshiDice, an online gambling site, for 126,315 BTC (about $11.47 million), by an undisclosed buyer.

    This rapid growth in awareness and uptake looks set to continue, if trust in the currency remains strong. Which leads to the second dependency. Government regulation.

    Although specifically designed to work independently from Government control, Bitcoin will inevitably be affected by Governments in some way. This must be the case for two reasons.

    Firstly, to achieve high levels of adoption, Bitcoin will have to be accessible to large numbers of people, and that means spreading beyond the realms of hidden transactions to normal everyday transactions for individuals and businesses. Secondly, these Bitcoin transactions could become a trackable part of people’s taxable wealth, to be declared and regulated alongside any other kind of wealth.

    The European Union has already declared that Bitcoin is not classed as a Fiat currency, or as money, and as such, will not be regulated in its own right. In the US, the 50 state system and number of bureaucratic bodies involved has inevitably made decisions more difficult, with no consensus reached thus far. Bitcoin is not considered to be money as such, but it is considered to act like money.

    A thriving Bitcoin market in the US has a more uncertain future for now, and any conclusive legislation in the US could either have a very positive, or a very negative effect on the future of Bitcoin.

    So, Should You Buy Bitcoin?

    The answer depends mostly on how risk averse you are. Bitcoin certainly isn’t going to be a smooth investment, but the potential of this currency is huge.



    Source by Paddy Estridge

    Related posts:

    1. Journal Review in Current Events and World Affairs
    2. TikTok for Recruiting? The Why’s, the Do’s, the Don’ts
    3. The Entrepreneur’s Beginner’s Guide to Hashtags
    4. Why Do People Buy Fortnite Accounts?
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticlePolice charge six over British Grand Prix track invasion
    Next Article England’s health service will use drones to deliver vital chemotherapy drugs
    John Smith
    • Website

    Related Posts

    Importance of Mobile Games

    July 29, 2022

    Cryptocurrency and Taxation Challenges

    July 29, 2022

    Bitcoin Trading and Business

    July 29, 2022

    Thinking of Investing? Think the Bitcoin Way

    July 29, 2022

    Leave A Reply Cancel Reply

    Search
    Categories
    • Automobile
    • Business
    • Coronavirus
    • Culture
    • Editorials
    • Finance
    • Gadgets
    • Health
    • Lifestyle
    • Mobiles
    • Money
    • News
    • Politics
    • Sports
    • Technology
    • Travel
    • Trending
    • World
    Latest Posts

    Reduce risk for dementia by improving diet and activity levels, studies say

    July 30, 2022

    What is monkeypox, and how can you stay safe while it spreads?

    July 30, 2022

    Chips Act Skips US Leaders for Asian Winners

    July 30, 2022

    An additional 786,000 monkeypox vaccine doses will soon be available in the United States

    July 30, 2022
    • Facebook
    • Twitter
    Don't Miss
    Health

    Reduce risk for dementia by improving diet and activity levels, studies say

    By James MartinJuly 30, 20220

    One study investigated how physical and mental activities such as household chores, exercise, and visiting…

    What is monkeypox, and how can you stay safe while it spreads?

    July 30, 2022

    Chips Act Skips US Leaders for Asian Winners

    July 30, 2022

    An additional 786,000 monkeypox vaccine doses will soon be available in the United States

    July 30, 2022
    • Facebook
    • Twitter
    About Us

    Hello friends, I am James Martin. Welcome to my blog todaynewsjournal.com. We are a team of experienced journalists who are passionate about delivering the latest news and current events to our readers. Our editorial team is dedicated to providing the most accurate and up-to-date information possible. We aim to be your go-to source for news and current events. Here on this site, You will get up to date information regarding all important categories like business ideas, health tips,... (Read More)

    Latest News

    Reduce risk for dementia by improving diet and activity levels, studies say

    July 30, 2022

    What is monkeypox, and how can you stay safe while it spreads?

    July 30, 2022

    Chips Act Skips US Leaders for Asian Winners

    July 30, 2022
    SIGN UP NEWSLETTER

    Join The Conversation sign up to receive emails for The Daily special tips general info.

      Facebook Twitter Instagram Pinterest
      • Home
      • Editorials
      • Get In Touch

      Copyright © 2021-2022 · Today News Journal Privacy Policy

      Type above and press Enter to search. Press Esc to cancel.

      We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
      Cookie SettingsAccept All
      Manage consent

      Privacy Overview

      This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
      Necessary
      Always Enabled
      Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
      CookieDurationDescription
      cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
      cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
      cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
      cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
      cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
      viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
      Functional
      Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
      Performance
      Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
      Analytics
      Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
      Advertisement
      Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
      Others
      Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
      SAVE & ACCEPT

      Sign In or Register

      Welcome Back!

      Login to your account below.

      Lost password?