Early retirement has become a dream of the past for many Americans approaching retirement age. Poor financial decisions, a lack of investment knowledge, and failure to take proper financial action sooner have led to many people working well into their 70s to afford their current lifestyle. Being well informed of the choices you need to make to ensure financial stability in your golden years is paramount to enjoying the retirement you deserve. There is a new monetary vehicle for the future and it is called Bitcoin. Those who invest in bitcoin guarantee a proper retirement for themselves and reduce the stress you might experience in your later years.
A Few Reasons Why Bitcoin Is An Investment In The Future
When the cryptocurrency known as Bitcoin first hit the market and started garnering attention, people were intrigued. The value of the newly minted currency quickly rose from almost nothing to more than $1,000 apiece.
A number of influences have combined to create a strong bitcoin investment strategy, and the new digital currency has a lot of advantages to offer consumers and investors around the world. One of the biggest reasons Cryptocurrency is still considered the retirement wave of the future has to do with the need for increased security measures. Identity theft has been on the rise, with entire databases full of credit card numbers and other personal information being stolen and used for nefarious purposes. The new PIN-and-chip credit cards banks are issuing have helped to some extent, but there is still plenty of room for fraud.
Bitcoin Investment Strategy
Bitcoin offers nervous consumers a more secure alternative to the more traditional payment methods. Since the transactions are entirely anonymous, the security is built in from the start. Make an investment in Bitcoin and benefit not only from the privacy and security of the transactions but from other retirement investment advantages that go far beyond financial security. Those living in repressive regimes have been turning to Bitcoin to make purchases, transfer funds, and live their lives far from the prying eyes of their governments. Like Twitter, Facebook, and other social media platforms, Bitcoin has a powerful role to play in spreading democracy and helping nascent freedom movements grow and thrive. The decentralized nature of the cryptocurrency and the fact that transactions cannot be traced back to individuals make Bitcoin a natural fit for those concerned about government spying and repression.
Blockchain technology consists of two parts, a ledger and a crowd of third parties. A block in a blockchain is a group of transactions, recording the parties involved, the amount, and the time. In the bitcoin system, it is reconciled every ten minutes. Each block is then identified with a unique identification (hash) and chained to the blocks that have been previously reconciled. An important note is that the identities of the parties involved in the transactions are represented only as private keys, which are cryptographically secured and are not identifiable.
Should you invest in Bitcoin? Other benefits
Bitcoin also has a number of benefits that government-issued and government-backed currencies simply cannot offer. Many people are worried about their retirement and the future of traditional currencies such as the Euro and the U.S. dollar. If those currencies were to fall or get into serious trouble, the retirement financial implications would be enormous. Many people see Cryptocurrency as a natural hedge against the risk of traditional currencies, as well as a valuable safe haven should a crisis occur.
Freedom from financial interference is another valuable benefit of Cryptocurrency. Governments, tax agencies, and even private businesses can freeze traditional bank accounts with the touch of a button, putting individual retirement wealth at serious risk.
Paying with Bitcoin and maintaining a Cryptocurrency account offers protection from the risk of asset seizures and bank account freezes. Even individuals who have no reason to think their assets would be frozen have been using Bitcoin to protect themselves from this unlikely scenario. Those who have been struck by previous asset and bank account seizures are even more enamored of Bitcoin and even more likely to turn to the currency.
Some may think that turning to a Bitcoin Investment Strategy in an attempt to avoid asset seizures and bank account forfeitures seems a bit paranoid, but there are other, more practical, reasons to opt for the cryptocurrency in lieu of credit cards as a form of payment.
One of those more practical reasons is the relatively low transaction fee charged by retailers who accept Cryptocurrency as payment. The transaction fees associated with wire transfers and foreign purchases can be extremely high, as anyone who has traveled overseas recently can attest. Cryptocurrency fees are typically much lower, making the cryptocurrency an excellent choice for all kinds of purchases.
Another big practical benefit of paying with Cryptocurrency is the easy availability of mobile payments. On-the-go payments allow consumers to make Bitcoin purchases with the touch of a button on any smartphone. There is no need to travel to a bank or pull money from an ATM.
Retirement Bitcoin Investment Strategy
Despite some recent setbacks and questions about its long-term viability, there are many reasons to think that Cryptocurrency is still the retirement wave of the future. This cryptocurrency is tailor-made for the digital age, and many 21st-century consumers continue to use it. Whether you are looking for an anonymous way to pay, want freedom from high transaction fees, or are just curious about this new currency, now is the perfect time to join the Cryptocurrency revolution and invest in Bitcoin.
If an online exchange is nothing more than sending digits back and forth, then why couldn’t a crooked participant in a system send the same digits more than one time? He could. It would actually be very easy to do so, and it would produce unlimited digital fraud, resulting in the downfall of the system.
Any system of online exchange must solve this challenge. The obvious solution is to use a trusted third-party who is responsible for keeping track of all transactions. The third-party creates a ledger, reconciles it, and is the voice of truth in the system-the more reason to Invest in Bitcoin.
Did you enjoy this article? Check out our official Bitcoin documentary list if you want to gain more in-depth knowledge on the subject.