Doing so has ensured every transaction is completely private, meaning you can buy and sell whatever you want without anybody ever knowing about it. The system itself is completely secure as it is protected by encryption and complex mathematical data. This means that it is also legal, which is equally important.
The bitcoin system and the overall market control the number of bitcoin that are out there. The system also adjusts the mathematical equation so that it becomes increasingly difficult to solve. At one point, all the bitcoin will have been mined and they can only then be traded between those who hold them. What the impact of this will be on the currency’s value is unknown.
Bitcoin, clearly, is more than a currency. For many, it is an investment. They see in it the future of finances and they believe that the finite nature if the currency will make it more valuable as well.
This article has been republished with permission from The Invest Blog.