• Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions
Wednesday, January 20, 2021
No Result
View All Result
ABC Money
PR Fire Press Release Distribution
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
ABC Money
No Result
View All Result
Home Business

Deciding Whether to Use Bitcoin as A Tool or An Investment

by Jim Bevin
17/06/2020

RelatedPosts

Seven Easy Cost-Cutting Tips For Your Business During The Pandemic

Hiring Help – 5 Tips To Help You Streamline The Onboarding Process For New Employees

Make a Living with Forex in 2021

Price of the Allianz shares on the stock market

Load More

One of the factors that have driven the value of Bitcoin, the world’s most popular cryptocurrency, through the roof is its versatility. On the one hand, it is a simple way to make and receive payments from people from all over the globe with great speed, privacy, and convenience. On the other hand, there is the fact that the value of Bitcoin fluctuates, often dramatically, within a relatively short period of time. That makes for something of an uptown problem for Bitcoin adopters. Although no one says that they must choose between one or the other, it seems like a good idea to decide whether their stash of Bitcoin is going to be used as a payment method or investment property.

Ultimately, this decision will come down to your own personal needs, and those needs can easily change over time, which means that you should be flexible about it. Investing in Bitcoin comes with the risks inherent in all investments, but it also carries the opportunity for mammoth rewards especially if you use a trading platform such as Bitcoin Up.  Should you decide to go this route, having a crypto robot along the lines of Bitcoin Trader at your side can be an extremely useful resource. On the other hand, simply using Bitcoin to make and receive payments might be all that you need out of the coins. Here are some of the factors that should enter your decision.

  1. Your Financial Situation

If you are at a point where you are stable in terms of your finances, meaning that you have not only enough to pay your bills in a comfortable manner but also enough that you have some that you can save, you can probably afford to simply play fast and loose with Bitcoin as an investment property. It is a luxury for you, something that can really be a windfall down the road. By the same token, it also wouldn’t hurt you too much if the value took a great dip, which is always a possibility due to how volatile the coins are.

  1. Your Daily Needs

If you run your own business, having Bitcoin capability can be an extreme boon for you. First, it allows you to accept payments from anywhere in the world without having to worry about fees or restrictions put in by banks or financial institutions. In addition, you can be assured that payments to your business will arrive in a timely manner, leaving you some leeway in terms of monthly cash flow.

  1. Your Personality

Some people have the stomach for risks while others like to play it safe. Neither one of these sides is wrong; it’s just a difference in temperament. If you fall distinctly into one of these two categories, you will likely view Bitcoin through that perspective and it will guide your use of it.

Perhaps the best way to think of Bitcoin is as something that can fill a lot of different needs for you in your life. Those needs may change from time to time, but Bitcoin can likely come in handy in any scenario.

Tags: BitcoincryptocurrencyFinancial SituationInvesting in Bitcoin
Previous Post

How to Avoid Unpleasant Moments on Your Moving Day

Next Post

Three Things You Can Do with Bitcoin

Related Posts

Seven Easy Cost-Cutting Tips For Your Business During The Pandemic
Business

Seven Easy Cost-Cutting Tips For Your Business During The Pandemic

19/01/2021
Hiring Help – 5 Tips To Help You Streamline The Onboarding Process For New Employees
Business

Hiring Help – 5 Tips To Help You Streamline The Onboarding Process For New Employees

19/01/2021
Make a Living with Forex in 2021
Finance

Make a Living with Forex in 2021

18/01/2021
Next Post
Three Things You Can Do with Bitcoin

Three Things You Can Do with Bitcoin

What Might Happen If Bitcoin Becomes Regulated

What Might Happen If Bitcoin Becomes Regulated

Using Trailing Stops to Protect Your Bitcoin Profits

Using Trailing Stops to Protect Your Bitcoin Profits

Latest News

Ways to Improve Your Property During the Pandemic

Ways to Improve Your Property During the Pandemic

19/01/2021
The Benefits of Double Sink Bathtubs For Your Home

The Benefits of Double Sink Bathtubs For Your Home

19/01/2021
10 Facts About Vasectomy Procedures that You Should Know

10 Facts About Vasectomy Procedures that You Should Know

19/01/2021
Seven Easy Cost-Cutting Tips For Your Business During The Pandemic

Seven Easy Cost-Cutting Tips For Your Business During The Pandemic

19/01/2021
Top Four YouTube Music Downloader Apps

Top Four YouTube Music Downloader Apps

19/01/2021
Pandemic Fills The Supermarket Checkout

Pandemic Fills The Supermarket Checkout

17/01/2021

Social

Contact

For editorial enquiries:

editorials@abcmoney.co.uk

For advertising enquiries:

advertise@abcmoney.co.uk

Top Topics

  • News
  • Business
  • Finance
  • Property
  • Technology
  • Investment

Guides

  • Best UK Bridging Loans
  • Best UK Secured Loans
  • Best UK Commercial Mortgages
  • Best UK Business Loans
  • Best UK Payday Loans
  • Best Sites for International Money Transfers
  • Best Press Release Distribution Service

Social

  • Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions

© 2020 ABC Money

No Result
View All Result
  • Write for us
  • Contact
  • About Us
    • Authors
  • News Desk
    • Business
    • Finance
    • Property
    • Technology
    • Investment

© 2020 ABC Money

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.