Why Bitcoin and what is so special about it?

Out of so many different types of cryptocurrencies that are used, Bitcoin is one of the most popular ones. There are many reasons that are made Bitcoin System the most popular of different types of cryptocurrencies to be used. It not only offers a very solid and robust technology that is capable of protecting your money from frauds and thefts but besides, when it comes to ease in the transaction, Bitcoin is regarded to be one of the best. Besides, in terms of market value, out of so many different types of cryptocurrencies available, Bitcoin is listed right at the top of the ranks. According to the experts, for those who are planning to trade with cryptocurrencies, Bitcoin with the best option. Blockchain technology which is used as a backbone for Bitcoin, allows the users to keep track of all the transactions and modifications that are being made with the help of a common Ledger. Therefore, when it comes to maintaining transparency, Bitcoin has everything to offer. Are you already trading in Bitcoin? If not, and you are contemplating the right trading platform, then BitcoinEra would be the best option for you. The platform is used by many crypto investors. You also have the option of choosing from the list of other crypto exchange platforms, but make sure that you do the research and find the right platform.

What makes Bitcoin so special?

There are more than 10,000 cryptocurrencies in the market, but what makes Bitcoin so special? There are a couple of striking features of Bitcoin that make you stand out from so many other different types of crypt currencies available. There as follows. 

• Bitcoin is untraceable. This essentially means that there is no other second copy of it is available other than the original. Therefore, if you own a certain amount of Bitcoin, in that case, nobody else would be able to have any idea about its value of it. Besides, the fact that it uses Blockchain technology leaves no history of previous transactions. 
• Ease of transaction is another major benefit of Bitcoin. It happens for two-way communication, where one party initiates the transaction the other one receives it. There is no other third-party intermediary who can overlook what is going on. 
• Security is one of the main concerns. However, as far as Bitcoin is concerned, the fact that it is run on Blockchain technology offers it an optimum level of security. Therefore, as a user, if you're planning to transfer funds or trade using Bitcoin, in that case, you are safe from all hackers and intruders. 
• Bitcoin transactions are free since one doesn't have to pay a third party; Bitcoin transactions are gaining popularity. However, since Bitcoin and other cryptocurrencies are not being regulated by any bank or other government operators, in that case, no transaction fees are involved. 

There's one thing that you need to be aware of in the full story the fact that Bitcoin is very volatile in nature, and there's no assurance that you will end up receiving the profit that you had forecasted. Volatility and frequent price change is one of the key drawbacks of cryptocurrency. Therefore, before investing in them, you need to make sure that you have a very thorough and in-depth knowledge of the cryptocurrency stock market. 

How Popular is Bitcoin? 

Over the last couple of years, Bitcoin has gained tremendous popularity as opposed to some other kinds of cryptocurrencies that are used. There are many big investors who are showing a keen interest in Bitcoin. These companies have triggered the pace of growth of Bitcoin across the industry, and so we are witnessing mass acceptance and use cases of Bitcoin.  With its increasing popularity, Bitcoin has started collaborating with companies like Visa and MasterCard, so that is it payment processing can be facilitated.  

Wrapping it up !!!

The supporters of Bitcoin firmly believe that Bitcoin has the potential to transform the industry globally and change the way financial transactions are executed. The stock value of Bitcoin is gradually increasing, and within the next couple of years, it is expected that Bitcoin will be approved by most countries as a legal currency.