Home Cryptocurrency News Bitcoin 5 Effects Bitcoin will have on your life

5 Effects Bitcoin will have on your life

7 min read
0
11

Will Bitcoin really change your life? Yes absolutely. Just like the internet changed so much about our lives… Bitcoin is being called “The Future of money”.

The global money game is changing. And the power is now with the people.

If you’ve ever given charity, or ever tried to save money, or ever wanted to make a good investment, or been frustrated with banks or governments, then you’re going to LOVE what bitcoin can do for you, your loved ones, everyone.

Bitcoin is more than just ‘digital money’. It’s about equality, access, and a more open framework for society.

Let’s take a quick look at five big impacts that bitcoin will have on our lives in the coming months and years.

Fairness

Certain banks, governments and financial service companies have taken full advantage of their monopoly on money. Citizens of Greece, Africa and Venezuela, for example, have been trapped in recent times by political corruption and economic experiments that have devastated their economies.

With bitcoin in the global picture, governments and financial companies must act more fairly and more responsibly, for two key reasons:

  1. The money transfer costs are relatively low as compared to international bank transfers. And the transaction of cryptocurrency can be done without using the bank.
  2. Bitcoin cannot be createdordevalued by national governments and is therefore immune from inflation. Bitcoin is levelling the playing field for everyone.

Wealth

In the stock market even the best investor is considered successful if he can make 20% profit on his money in a year. But banks pay us how much interest? 0.5% per year?

Bitcoin has rocketed over 53000% since 2009. And the future of Bitcoin is very bright. Only 21 million Bitcoins can ever be produced and 16 million are already in circulation, so this the right time to buy Bitcoins and now there are 100 of different ways by which you can purchase it, even you can buy Bitcoins with the help of Amazon gift cards. So purchasing of Bitcoin is not a difficult process now.

If you’ve ever wanted a lucky break, or a way to invest in a world changing idea, look into bitcoin.

Access

Bitcoin has the potential to make personal finance easy for everyone. Available 24/7 at your fingertips via your mobile phone.

It’s even changing the lives of 2 billion people around the world that are unable to get a bank account because they don’t live near one, Or they don’t earn enough money to be considered ‘eligible’ for banking. Or various other reasons.

But now they can do business transactions across the border easily with zero cost, all of this is possible due to Bitcoins.

Ease

Bitcoin is more than just ‘here to stay’.

It’s here to re-shape the economic fabric of modern society. Moving us from obsolete banking practices, inferior security measures, and a lack of empowerment for common people — into an era where you become your own central bank with multiple currency accounts right on your mobile device:

  • responding to fluctuations in currency prices to profit from changes in exchange rates
  • controlling your own financial wellbeing, security and privacy
  • benefiting from the latest trends in cybersecurity
  • while being part of a more open, fair and prosperous future for all

Choice

Those who get familiar with bitcoin today will give themselves savvy lifestyle choices for the future:

  • Manage your digital money
  • Save and invest
  • Spend smart
  • Be your own ‘central bank’
  • Support global innovation of finance in impoverished regions
  • Learn about new lifestyle options available to bitcoin savvy consumers
  • And more

Photo via Shutterstock.

loading…

Let’s block ads! (Why?)


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

The Central Banks’ Bank (BIS) Hates Bitcoin — Which is Reassuring

Allen Scott · June 18, 2018 · 7:00 am <!– Excerpt The Bank for Inte…