Fancy yourself as a Bitcoin trader in 2021? With each and every coin now worth upwards of $60,000, and the value still climbing, you could do a lot worse than jump aboard this burgeoning investment trend this year – and could stand to make yourself quite the fortune in the long-run.
Bitcoin trading has become a very popular ‘occupation’ over the past decade, with millions of people around the world joining the network in the quest to make some serious money. In fact, some reports have stated there are now over 100,000 millionaires in the world who have managed to amass their fortunes by trading this cryptocurrency alone, with some becoming wealthy overnight after investing early on in the currency’s infancy. Although Bitcoin trading is becoming known as a great way to turn a sizable profit, its appeal now extends beyond that alone, and as the luxury sector catches on, it is gradually becoming more widely accepted as a payment method at many companies around the world. Here, we take a look at all of the options currently available to you when it comes to trading and spending your digital nest-egg – from Bitcoin ATMs to luxury travel companies.
Traders and experts alike had been talking up the prospects of Bitcoin long before the Covid-19 crisis paralysed economies the world over
Bitcoin ATMs were established just a few years ago, when this cryptocurrency was quickly gaining massive popularity worldwide. These days, they can be found in most countries around the world, allowing traders to easily connect to the trading world and sell their Bitcoins with ease from just about anywhere. Up until fairly recently, they were very popular amongst investors and traders alike, allowing them to sell on their assets quickly and easily But, with the rise of trading sites, there are now better and more accessible options out there, which means Bitcoin ATMs are no longer as sought-after as they once were..
Bitcoin trading has become a very popular ‘occupation’ over the past decade, with millions of people around the world joining the network in the quest to make some serious money
Trading sites have quickly proved to be far more superior to Bitcoin ATMs, with lower fees, greater accessibility and the provision of an extra level of service that helps investors and traders to maximise their profits when selling Bitcoins. Bitcoin value comes with a very high volatility rate, meaning that its value can change dramatically with each passing day, so it is very hard for traders to determine when is the best time to sell them without this additional technology. But, thanks to this handy AI intervention and the results it shares with traders, they now know exactly when they should sell their assets to generate the highest revenue, and on the contrary, when they should sit tight.
The list of companies now accepting this innovative digital currency now includes numerous big-name global brands, including Tesla, Wikipedia, Expedia, Shopify, Starbucks, Whole Foods, Overstock, and Microsoft
Bitcoin as a payment method
If visiting trading sites and selling Bitcoin isn’t really your forte, but you’ve managed to amass yourself crypto-fortune nonetheless, then the good news is that there are now plenty of other ways to make it work for you. Despite the fact that the use of Bitcoin is still opposed by governments worldwide, many companies have decided to start accepting it as a payment method in a bid to better cater to their high-net-worth clients’ needs.
The list of companies now accepting this innovative digital currency now includes numerous big-name global brands, including Tesla, Wikipedia, Expedia, Shopify, Starbucks, Whole Foods, Overstock, and Microsoft. Bitcoin offers various advantages over traditional payment methods; as it’s a digital currency, it is fully optimised for online use and facilitates instant and very secure transactions for its users. To make things even better, users can also avoid all fees because banks are excluded from the payment process, and thus cannot impose any added expense when it is used for online transactions.
Disclaimer: Investing money carries risk, do so at your own risk and we advise people to never invest more money than they can afford to lose and to seek professional advice before doing so.