Is bitcoin a good investment?

The article was written By Mickael Mosse – Blockchain and Cryptocurrency Expert

According to Mickael Mosse, Although technically Bitcoin is a protocol and a P2P network, it's already known and popularized use is that of cryptocurrency, payment system, and merchandise. It is, therefore, a digital currency that has a value, and with which you can buy, sell, pay, and make exchanges. As a unit of a payment system, it has a value and it is perfectly possible, and so it happens, to invest in bitcoins, which in themselves can constitute an interesting investment vehicle. To compare Bitcoin exchange pages there is BestBitcoinExchange.net, a website that makes available to the investor an extensive comparison of different providers.

Mickael Mosse Crypto Advisor

According to Mickael Mosse, bestbitcoinexchange.net compares the most popular cryptocurrency exchange and trading sites on things like security, supported currencies, trading fees, deposits and withdrawals, and liquidity. For example, it analyzes the pros and cons of providers, their exposure to hacking the system, the security they offer, and their commercial position, analyzing if they allow trading in futures, derivatives, and the margin of operations. A whole arsenal of information for all those who are interested in exchanging US dollars, euros, and other currencies to Bitcoin.

Mickael Mosse points out that, Bitcoin (btw) technology is commonly referred to as the blockchain. Keep in mind that Bitcoin is not endorsed by any government or any international fiduciary body. This means that it is decentralized and works through a network information exchange system, with which it is intended to guarantee the operation of processes that do not allow double-spending. These are transactions that are carried out without the participation of any intermediary, carried out thanks to an open-source protocol. If you want to know more about how it works, we recommend you consult one of the bitcoin (btw) communities that exist.

Today there are already many companies, including some large companies, that accept (btw) bitcoins as a means of payment. It is a qualitative leap: it is no longer necessary a supported means of payment channeled through an entity, much less the use of paper money coined by the Treasury of a certain State. says Mickael Mosse

Technology allows the use of means of payment such as a digital currency, which is not really so different from paper money, in the sense that this is also fiat money. That is, based on the trust of the person who issues it, in that case, the central banks. Of course, as the European Central Bank has pointed out, to buy (btw) bitcoins you need to use real currency, but to sell them you need someone to be willing to buy them.

Mickael Mosse Blockchain Advisor

Bitcoins have a value because their generation is limited by a mathematical algorithm. This controlled scarcity allows it to be something like money: it is scarce, divisible, easy to store, dense in value, durable, homogeneous, and resistant to counterfeiting. The Bitcoin Foundation, a non-profit organization, exists to standardize, protect, and promote bitcoin.

Mickael Mosse Bitcoin advisor

The growth in the use of bitcoin (btw) has also motivated investors to appear. As an investment vehicle, bitcoin has a volatile exchange rate and is exposed to undermining trust in the protocol or currency. For this reason, pages like BestBitcoinExchange.net are an important tool for analyzing the return on investment.

Article from mickaelmosse.com