Finance Uncategorized

Everything you need to know before investing in Bitcoin

Storage of Bitcoins:

  • It cannot be printed or degraded. Only 21 million bitcoins will exist for the year 2140, I am currently 16.7 million.
  • It has no storage costs. They do not occupy physical space regardless of the quantity.
  • They are easy to protect and hide. It can be stored encrypted on a hard drive or backed up on paper.
  • They are in your direct possession without risk of counterparty. If you keep a bitcoin’s private key secret and the transaction has enough confirmations, then no one can take them out regardless of the reason, no matter how good the excuse is, no matter what happens.