10 Reasons You Should Buy Btc In Dip

Bitcoin is a favorite amongst crypto enthusiasts. Therefore, they would like to keep in touch with the coin always, regardless of bullish/bearish runs. It is also why they strive to gain as much information as possible by perusing Bitcoin smart. This investment and trading platform has much to convey. Read  more  Pros and Cons of Crypto

However, it will not be able to explain why investors should buy Bitcoins during a dip. Here are ten reasons for doing so. 

1. It is a Scarce Commodity

Only 21 million Bitcoins are in circulation. The figure is not expected to rise. In other words, its supply is scarce. In the event of the distribution of Bitcoins among the global populace, each individual would gain just 0.0023 BTC. Thus, scarcity increases value. 

2. It is the Best Alternative to Gold

Gold is a hot favorite across the globe! However, gold bars, and even gold jewelry, are weighty. Additionally, it is vital to provide sufficient protection, especially against theft! 

In contrast, Bitcoins are weightless. It is easy to transfer, purchase, and sell them over blockchain networks. Furthermore, transactions can go through in seconds. 

3. Transaction Fees are Affordable

All kinds of local and international transactions demand a fee. Additionally, the transaction fees tend to rise when the price of Bitcoin rises. Nonetheless, the charges are much lower for deals conducted overseas, unlike the fees demanded by other international banks and financial institutions.

4. It is a New Asset Class

Considering the attention being given to the crypto world, virtual currencies may be viewed as new asset classes. Bitcoin still reigns as the King of Cryptocurrencies. Therefore, it is the ideal alternative to gold, equities, bonds, etc. After all, Bitcoin always promises superior performance, along with low correlation.

5. Investors May Expect Potential Profits 

Bitcoin was launched in 2009. Since then, its value has been on a parabolic upswing. Along the way, the digital asset has experienced peaks and plunges. Regardless, the cryptocurrency has stood firm, confronting all adversities with confidence. The vast difference between the earliest pricing of less than $0.01, and the current price, is sufficient proof.

6. The Company’s Actions are Transparent

Yes, anyone and everyone has access to news about past and present activities involving Bitcoin. In other words, Bitcoin always promises and implements transparency. Note that transparency is something that not even the Federal Reserve, the printer and circulator of notes, can promise. 

7. The Rules are Permanent

Bitcoin has a supply cap in place. Miners unearth new coins and add them to the existing supply. Nevertheless, the figure will always remain at 21 million BTC. It is a permanent rule that is always on public display. 

8. There is no Censorship

Bitcoin operates on a decentralized platform. There is no single authority monitoring the operations. Therefore, no one needs to fear interference from governmental agents, financial institutions, or banks. For instance, the Chinese Government had banned the operations of mining farms and cryptocurrencies in 2017. Regardless, the blockchain network survived. 

9. Healthy Regulations are Being Set in Place

With no regulations in place, Bitcoin began to experience victimization. Governments went in for banning it. However, there were no swindles or cyber crimes involving Bitcoin. Furthermore, investments tended to yield good returns. It made the authorities rethink the situation. 

They have set up policies to create win-win situations. In other words, regulations are coming into place, especially for granting Bitcoin legal status. This way, investors may engage in online transactions and store the coin in their wallets as something of great value.

10. There is an Ethos Linked to Bitcoin

To the earliest of investors and even new entrants, Bitcoin has become akin to a movement. It is not simply a means to hoard wealth, but a means to do good for society. Wealthy investors are keen to set up charities, or fund existing ones. Of course, it helps that the Bitcoin network is decentralized, transparent, secure, and immutable. For instance, the Pineapple Fund has already donated $55 million in Bitcoins to different charities. However, the main donor prefers to remain anonymous.