At Whitelabel ITSolutions we are concern about the choices that you are making when it comes to investing in Bitcoin. That’s why we are wondering: crypto currency is this the future or just a gamble? Bit coin has been around since 2008 but it made appearance on the news in early 2013, it is intangible, virtual money and a system of payment. Its value has increased rapidly and is increasing by the minute. Some may use it as payment others as an investment for the future. Due to its untraceable nature, lately it has been linked to drug dealing and money laundry.
Now there are bit coin ATMs that allow the crypto currency to be exchanged for cash, and an increasing number of businesses accept it. While some may be attracted by the massive rises last year, others will be wary of the volatility of its worth. Those working in the area advise anyone planning on buying the currency to only invest as much as they are prepared to lose. If you have $100 to spare, for instance, buy a tiny amount and track its price. If something goes wrong the $100 can be written off and it can be considered a learning experience. If you own bit coin, you need to make sure you know how to buy, sell and store it properly or you risk losing your entire investment.
Who knows what is going to happen with crypto currency in the future, if it’s just a gamble we still have a long way to go to figure it out. All we can do is wait and hope for the best.