Litecoin is one of the first open-source altcoins based on the original Bitcoin code. It was initially a strong competitor to the first cryptocurrency. However, as the cryptocurrency market expanded, Litecoin’s popularity gradually declined.
Is it worth investing in bitcoin?
This issue worries not only traders, but also newcomers who want to increase their wealth on the main cryptocurrency. "Digital gold" is becoming popular in every corner of the planet, and the greater the demand, the more expensive it is. But the risk of a fall in the exchange rate slows down many investors.
At the beginning of 2018, we observed a rapid jump in the rate of the main cryptocurrency. Bitcoin has reached the $20,000 mark. But the blockchain was not at all ready for such an influx of users, which led to low scalability and weak ability to carry out transactions in a distributed network. As a result, the volume of the domestic bitcoin market collapsed. Now the exchange rate is 7,713.01 US dollars.
Is there any prospects for bitcoin in 2019? Some experts predict a complete collapse of bitcoin, the rest assume that as a result of the issue approaching the maximum number of bits (21 million), the rate will move up.
Why is it worth investing?
- Bitcoin is considered a promising currency among many investors. Every day more and more large investors show their interest in this asset. And this will lead to the fact that in the future the rate will increase significantly. Therefore, experts recommend making a contribution to Bitcoin in 2019.
- The question of bitcoin legalization makes us think about its advantages. Today, blockchain is the technology of the future, which is already being implemented in various sectors of the economy. In some countries, the digital asset has already been legalized and accepted as payment. That's all, further increases the demand for this asset.
- We already know that bitcoin has a limited supply. Today, users already have 16.8 million BTC. By the time it approaches the very maximum and due to insufficient supply in the market, the price of the crypto will skyrocket. That is, the smaller the coins become, the more expensive they will cost.
Why is it not worth investing?
- There are skeptics in this area. They believe that scammers are most interested in bitcoin and it is unlikely that the crypto will become equal to real money.
- Due to the fact that the BTC rate is very volatile and unpredictable, this can bring not only income, but also large material losses. You can both easily earn and lose.
- In fact, bitcoin does not look like anything, only in the form of computer code. And if suddenly you have a problem with selling it, no one will help you. BTC has no connection with the real world.
We recommend you to read: How to start earning on cryptocurrency?
