For most of them in Steemit, it might sound weird why I'm Proposing Bitcoin today. The reason I'm writing this article is because I found a bunch of people around me confused by the advent of so many coins that are they don't see a point to start. Also, they have the fear of losing the capital if they were to invest in a wrong coin.
Having said that, my proposition to them is since they have been fine with generating 10% returns each year, why not take a portion of their Total investment and buy some Bitcoins. Bitcoin is currently priced at $4000, You might see few correction in the price of Bitcoin but if you look at it in a long term it is expected to go 2x - 5x in the next 2–5 years. The following are the reason I have to justify myself
- Philippines accepted Bitcoin Remittance - Philippines is the fastest growing remittance market in the world. Bitcoins make up 60% of the remittance market.
- Bitcoin is Argentina’s primary source of Remittance - The locals residents in Argentina use Bitcoin for their day to day transaction due to the high inflation.
- Latin America is turning towards Bitcoin
- SMS service for Bitcoin transfers - Right now Bitcoins are used by only people who have access to the internet which is only 30% of the population. With the SMS service starting up, lot of African countries would get onboard to use Bitcoin.
- Atomic swap for Bitcoin - Bitcoin and Litecoin are going to be integrated, making it easier for transacting.
- Transaction speed improvement - right now Bitcoin has a transaction speed of 5–7 transactions per second. Once the transaction speed is increased, the number of merchants adopting it would increase.
This part is for beginners: You need a Wallet to invest in Bitcoins. Coinbase can be used to buy only Bitcoin in exchange of USD.
You can use credit/debit card or Bank Transfer to buy Bitcoins
The interface is quite intuitive and easy to use.
You can also wire transfer the money for same day transaction.