Bitcoin has been all the craze as enthusiasts and investors alike dream of getting rich and becoming a bitcoin trader. With so many cryptos on offer, it can be confusing to choose the right one.
One of the reasons that Bitcoin is the optimal choice is longevity. Whereas other cryptocurrencies have ridden the trend as prices rise across the board, they tend to drop in value as interest dies out. However, Bitcoin is the one cryptocurrency that remains valuable against all odds.
The reason for this is mainstream and enthusiast investors think of Bitcoin as the “OG” coin. To casuals, it’s immediately what they envision when “crypto” or “blockchain” is mentioned.
But before deciding to quit your day to become a bitcoin trader and potentially getting into something that may end up costing you your entire life savings, you should assess what the benefits and disadvantages are.
Bitcoin can be transacted between two countries with little to no restriction. Only a handful of countries have chosen to outlaw it outright.