The factors behind Bitcoin’s rise

 Another part of the infographic is dedicated to explaining why Bitcoin’s value is increasing, and it cites limited supply, increased mining difficulty, and that it is used as a medium of exchange and anti-inflation safe haven.

 This is in line with the remarks recently made by Morgan Creek Digital Assets co-founder Anthony Pompliano, who said that the European Central Bank’s expected dovish turn will provide “rocket fuel” for Bitcoin.

 Furthermore, the infographic does also mention the infamous Mt. Gox hack, the risk of speculation, and stories of lost funds. According to the image, Bitcoin’s main use case is international settlements since its fees are low compared to legacy system while transactions are faster.

 As Cointelegraph reported yesterday, the CEO of Chinese tech giant Huawei thinks that China can compete with Facebook for market share by issuing its own digital currency.

 Earlier this month, Chinese media reported that China’s central bank, the People’s Bank of China, is developing its own digital currency in response to Facebook’s Libra as the latter could purportedly pose a risk to the country’s financial system.poted on victor333

Bitcoin being used as an investment tool is a good decision, but if it is used to store money it is not good. We all know that the market is volatile, which makes bitcoin less secure when it comes to storing your money. Although Bitcoin has a high level of trust from some of its users, we must still be careful because Bitcoin is digital and difficult to control. So we better be more vigilant not to be careless and make mistakes.

Investing in Bitcoin is like keeping money in a bank. However, banks offer profits at fixed rates after a certain period of time, but if you invest in Bitcoin, you have two possibilities.If you don't get profit overnight, you will lose. However, if you invest for a long time, you are more likely to get a big profit.

Investment must be long term. if it's not an investment and you just want to make a quick profit it's more accurately called trading. Because investment takes a long time with a predetermined target. people who panic will not be able to survive because bitcoin's volatility is very high. Bitcoin is not a safe place for those with untrained psychology. Investing in bitcoin will only give you losses if it is not done patiently.

If you want to use Bitcoin as a haven for your assets, the risk is very high, and no one can guarantee that tomorrow’s price will be stable. Anything with value or a market will fluctuate in price. The price of Bitcoin will fluctuate due to many reasons. Investment requires rational analysis!

Bitcoin is a safe haven. Anyone can invest without fearing about the future growth, but before investing it is a must to learn and know about its market. Because, there are lot many people who just believe in making money without understanding the market. It is possible, but at the proper time we need to make the proper trade execution to make money or we need the ability to hold.

It has been serving in multiple ways and this being a safe haven isn't a big thing. Because when something gets an increase in value, it means it has been growing with time. So is our bitcoin and same indicates it being a safe haven.

This can be a heavily debatable topic because there is nothing like a safe heaven in any financial market. Everything works in a sine wave, you have the highs and you have the lows. The person who is able to manage these market movements will make money.

Lets say before the halving everyone had the opportunity to invest and it was certain that the market would go high and it was not rocket science either and if you invested well before that it was a safe heaven but right now you cannot invest and claim it to be a safe heaven as the entry is more important in any financial market.

When it comes to hackers, the hackers are not going to breach the blockchain technology, they can only manipulate the end user or steal the funds from exchanges, have you heard about any hacker cracking a wallet. So this worry for hackers is unnecessary. All you need is to learn how to safe guard your cryptocurrency and you are good to go.

Bitcoin is a decentralized cryptocurrency. It will not be regulated and manipulated by government agencies and can provide a safe economic guarantee in the event of an economic recession.
But bitcoin is also risky. Its price is unstable and volatile, short-term transactions will have greater risks, long-term holding is profitable and can obtain high profits.

Bitcoin is not nominally a real safe haven.
Investing in Bitcoin is also risky.
Compared to gold, Bitcoin is easy to carry and trade. This is one of the advantages of Bitcoin.