(8) Protection From Economical Collapse
It is one of the most unbeatable reasons to know when buying Bitcoins. Global economy is not stronger forever. It may get weaken with time due to a lot of reasons.
During economical recession, cryptocurrencies like Bitcoins will just get stronger. It is mainly due to the fact that several people start looking towards digital currencies as a safety net at that time.
They may start investing even more in Bitcoins during economical instability. For example, Greece & Argentina suffered bank runs in the past years.
In such critical situation, Bitcoins can be a valuable solution to store their wealth outside of the traditional banking system. Thus, Bitcoins provide a great way to avoid people to panic when bank runs take place.
(9) Cheapest Payment Gateway Than Traditional Online Payments
It is one of the most cost-effective reasons to know when buying Bitcoins. Every traditional online payment system comes with some or the other forms of associated fees. Bitcoins come with almost no to negligible fees.
Additionally, all apps & services that have been built around Bitcoin ecosystem usually carry lower fees than other traditional systems. Several people feel much safer when dealing with Bitcoins.
So adding Bitcoin as a payment method can enliven all forms of businesses. Thus, more and more companies are starting to accept Bitcoin as a payment system.
- Reasons To Buy Bitcoins: Depositphotos