Want to Buy Bitcoin, Find a Location in Los Angeles
While there are many Bitcoin enthusiasts in Los Angeles, some are still on the fence and aren’t sure if it’s the right thing for them. It takes a bit to learn about it and figure out what to do with it; you may want to buy Bitcoin in 2018 because it’s an excellent alternative to traditional currency. However, if you’re just not sure, it can help to learn a bit more about it and why you should be doing it.
In 2017, Bitcoins peaked at an all-time high. About $19,500 per Bitcoin was made before things were corrected. While the price has dropped about 70 percent recently, the value of the Bitcoin has still settled higher than before the price rise.
Bitcoin growth is usually cyclical in nature, meaning it goes in cycles. The best time to buy or invest is when it’s lower, and then you can see exponential growth as it raises to the 200-day average price. Currently, it’s well below the 200-day averages, which means it’s the perfect time to buy.
Reliability and Scalability
The trouble with most cryptocurrencies and legacy systems is that they have reliability issues. Things may work well one day and completely crash the next. Along with such, security issues are a real threat that not only produces downtime but can also take away your currency. With all the mess of newer systems being less reliable, Bitcoin is still highly reliable. For five strong years, nothing major has happened, making it an excellent choice for those who are just starting their cryptocurrency adventure.