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Share 28 shares Glen Goodman, an expert and author of the book The Crypto Trader, called the news 'a really significant vindication of Bitcoin from mainstream finance. While many investors continue to see bitcoin simply as a speculative asset to try and make money on, crypto enthusiasts were likely buoyed to see more possible instances where it could actually be used as a payment method in the future. Bitcoin's price is always volatile but it has been on an upward trajectory since a mass sell-off in global stock markets in mid-March Analysts at JP Morgan suggested a fortnight ago on the back of the news from PayPal and Square that the 'potential long-term upside for bitcoin is considerable', and that it could even compete 'more intensely with gold as an alternative currency' due to its greater popularity among younger users.
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It is considered by many to be one of the most successful digital currencies ever created. Of course, nobody knew it at the time - indeed it was, and still is, a risky asset class to get involved in - although a few in the list below were not only early adopters but also predicted its economic opportunity.
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Trading digital currencies can be an intimidating process for newbies, and not all new blockchain investors are willing to invest their hard-earned cash in Bitcoin right away or any other crypto coin for that matter. These platforms are a simplified and free way for new crypto users to accumulate bitcoins while learning more about investing in the industry. Think of them as the perfect method to taste the waters of the crypto business before making an educated decision to go all in. What are Bitcoin Faucets?
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Investors understand that "buying Bitcoin and putting it in their portfolio is meant to be a store of value, inflation hedge, a digital gold, a digital form of money," Sonnenshein told Business Insider. Investors should not get hung up over the fact that there are only 21 million Bitcoin that will ever exist, because each coin has a million units. Investors like the fact they can buy a fraction of the coin and add to their position over time, the crypto asset manager pointed out.
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While buying cryptocurrencies directly from an exchange or the seller through the Exchange is the best-known way to get Bitcoins, there are alternatives that are not only cheap but easy too. As you already know that earning profits from crypto trading or long term investment is not a game of kids. You will not only need proper knowledge but also need to be cautious about crypto frauds and schemes before jumping into trading.
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