Bitcoin is a decentralised currency otherwise knowned as a cryptocurrency. The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren't printed, like dollars or euros - they're produced by computers all around the world, using free software.
It was the first example of what we today call cryptocurrencies, a growing asset class that shares some characteristics of traditional currencies, with verification based on cryptography.
So why should you invest in Bitcoin?
1)Storing value
Firstly, there is a limited amount of Bitcoins that can be mined. The maximum amount of Bitcoins that can be produced is 21 million Bitcoins. This means that once that limit is reached, there will be no more mine-able Bitcoins. This will cause a great surge in Bitcoin prices.
2)Supply
The reward for mining Bitcoin halves about every four years and it is currently valued at 12.5 Bitcoins. This makes it harder and harder to mine thus causing its price to increase over time as it gets rarer and rarer.
3)Potential
Currently, a Bitcoin is worth over 9000$ and its market is capped at over 160 billion US dollars and that isn't a small figure but it hasn't always been like that. 5 years ago its price was only 100$, that is a seriously high rate of return.
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I'm just looking to establish a position in the Steemit community, and would appreciate to find some people like me, so we can mutually support one another. subscribe @coinlocket
I'm interested. Maybe you could create a discord channel for that? That would make communicating so much easier.