BITCOIN

ABOUT BITCOIN

What is Bitcoin?

Bitcoin is the first cryptocurrency ever invented and is currently the most popular among traders. It was released in 2009 by Satoshi Nakamoto. Bitcoin transactions are secured with cryptography and recorded in a distributed public ledger known as the blockchain.

Why trade Bitcoin?

There are a number of reasons people choose to trade Bitcoin. Some of them are as follows:

  • It is more widely accepted as a form of payment for goods and services than other cryptos.
  • It is decentralised and therefore not affected by political unrest.
  • Bitcoin transactions are more secure than transactions made with credit or debit cards.
  • As Bitcoin transactions are subject to few regulatory oversights, they are quick and easy.
  • Transaction fees are relatively cheap.
  • Most of the major crypto trading platforms handle Bitcoin.
  • It is likely to become more relevant, along with other cryptos, as societies move away from cash and towards electronic payments.
  • Transactions are private.

What we offer?

Nascent Assets will advise you on the know-how of Bitcoin trading. You will be guided through the steps taken in buying Bitcoins, managing your capital and giving you an idea of how much should you choose to trade. Contact us if you would like to receive more information.

What are the risks in Bitcoin trading?

Inexperienced traders should always seek the guidance of experts before trading Bitcoin. Some of the risks associated with trading Bitcoin are as follows:

  • The price is volatile, meaning you could lose money if you trade at the wrong time.
  • Digital currency exchanges can be hacked.
  • If the government of a major economy decides to ban or impose tough regulations on Bitcoin, the price will be adversely affected.
  • The long-term value of Bitcoin depends on how widely blockchain technology is used.
  • Bitcoin could be rendered obsolete in the future if a technology emerges that allows for quicker and more secure digital transactions.

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