5 Signs Bitcoin Is Going Mainstream
Almost a decade ago, when cryptocurrency was introduced, many were skeptical of it. Bitcoin especially, being one of the earliest cryptocurrency to be issued, faced many controversies – some of which even prevailing to this day.
- Isn’t Bitcoin a scam?
- Why trust internet money?
- Aren’t you afraid the bubble will soon pop?
All these controversies can actually be answered with the information we have managed to gather through the years. Back then, people would shun the very mention of Bitcoin or other cryptocurrencies. Nowadays, a good portion of the population accepts the new online currency and more are considering the idea as the days go by. Cryptocurrency has indeed overcome many walls and obstacles that society encaged itself with. And it’s breaking down barriers everyday by proving skeptics wrong – one controversy at a time.
So if you’re someone who’s also thinking of investing in this online currency system but still hesitant to do so, I believe you’ll find your resolve after you read this article. From here on out, we are going to present obvious observations that will prove how Bitcoin is blending into the world’s economy quite nicely nowadays. So much so, that those who questioned its authenticity and feasibility a decade ago will be crying their eyes out of regret for not investing in this high-profit system sooner.
Here Are Five Signs That Can Tell You Bitcoin Is Going Mainstream:
1. More & More Online Shops Accept Bits For Purchase Payments
One very prominent sign which tells us that bitcoin is becoming more and more accepted in the market is the fact that several online and offline businesses are starting to accept bitcoin payments – usually through the service BitPay. If more markets begin to involve themselves with Bitcoin, we can only expect this development to ripple to larger and smaller companies. Sooner or later, we’ll find many – if not all – establishments accepting bitcoin. Regarding it just like real money. Mind you, there are many advantages to using online currency: Safety and convenience being two of the major ones. However, since this is not what we came to talk about today, I’ll leave it to this article to tell you more about the advantages of using Bitcoin.
2. There Are Now Plenty Of Ways To Convert Bits To Real Money
Aside from the one we mentioned a while ago, BitPay, there are many other applications and currency conversion systems that allow the processing of bits or bitcoins. Basically, more companies begin to realize that the number of people using Bitcoin is steadily increasing and thus, the need for a more efficient way to transfer, send, and exchange money is needed. This is quite a big opportunity for some of the world’s biggest business tycoons to pass up. Although trading in cryptocurrency for real cash is very much possible, still, you have to find a reliable platform to facilitate your exchanges. If you’re into bitcoin trading now or find that you may be in need of such programs in the future, here’s an article we believe you’ll find useful: https://worldcore.eu/blog/5-efficient-ways-convert-bitcoins-cash/
3. You Can Now Eat At Restaurants Using Bits
Yes, you read it right. The next time you find yourself a little low on cash and have no time to wait for your Bitcoin conversion request to get processed, several restaurants and fast-food chains already offer meals in exchange for bits. This is definitely a telltale sign that bitcoin is slowly progressing and penetrating the offline markets. Most of these food places are found in America (thank heavens) and some may even be near you. As we said earlier, the Bitcoin hype is getting real and hundreds – maybe even thousands – of people are accepting it as a new form of currency each and every day. For some people who remain dubious of cryptocurrency, I tell you this: More than worrying about when the bubble will pop, have you ever thought of how people can rid the world of cryptocurrency now that it has gone past its preliminary stages. Cryptocurrency may have had a rough start back in 2009 but I assure you, it would be twice more difficult to take it out of the market than putting it in. With the number of people supporting this new and completely online form of currency, no person has the authority to snap one finger and end all operations – or at least, not yet. Cryptocurrency is decentralized. This basically means that no government – or anyone entity for that matter – owns it. People have created it, and by people, it shall also end. But of course, you need the consensus of at least a third of the cryptocurrency user population to actually impact the future of the so-called “internet money.” One, two, or hundred people dropping out will not change the tide in which the world is heading – not even a little bit. We’re talking about hundreds of thousands, maybe millions, of users here. I’ll tell you right here and right now: There is absolutely no logical reason for the bubble to pop anytime soon. Not without obvious and observable changes.
By the way, if you’re looking for some fun, 100% bitcoin payable eats, you can use this website for directions!
4. A Little Low On Cash This Month? Pay Your Bills With Bitcoin!
So, now that you can shop online and dine offline using bitcoin, you’re probably wondering what else you can use it for. And what’s more important around the house than paying the bills – right? It’s one of the things that you really, really have to do on a monthly basis after all. However, going out, queuing in line, and ultimately spending the day doing nothing but paying bills can be such a hassle – especially when you could be doing other, more productive things. Well, Bitcoin just made your life easier. If you have an online wallet, a couple of websites allow you to pay your bills with bits. You can even set it automatically to help you keep your mind at ease every month. Thanks to the automation of most pesky errands, we are now able to make use of our time more productively and focus our attention to how we can get our bills paid rather than literally paying them.
5. Bitcoin’s Value Is Steadily Increasing
If you’ve been trading Bitcoin for a while now, you’ll notice how volatile its value is. Whenever more people start to sell their Bitcoin, its price will decrease. This is a real-life example of the “supply and demand” principle we so earnestly learned in all our marketing subjects back in college, really. It is also typically advantageous to purchase bits when the price is low. This way, you can hoard it and sell it when the time (or the price) is right. When the people investing in Bitcoin grow, so does the value of the cryptocurrency. So as long as there are people investing in Bitcoin, you can be sure that your investment remains safe – even if it is very volatile. Reading up on Bitcoin Profit’s review should help you get to know how Bitcoin systems work better and may even give you some good ideas on how cryptocurrency markets flow.