Bitcoin Broker Advantages

Benefits of Hiring a Bitcoin Broker

Bitcoin is a payment system that is gaining prominence in the financial market. It is gaining popularity because it is person-to-person payment system powered by users but without intermediaries or centralized authority. Payments are facilitated digitally. From users' standpoint, it is similar to cash payment system via the internet. In other words, it is cash for the internet. Furthermore, it can be advanced as a prominent triple-entry bookkeeping system. Ideally, investors are encouraged to know how to use its charts and calculator. However, this requirement can be eliminated by engaging the services of professional Bitcoin brokers.

The value

It is common knowledge it is improving the way transactions are

Well this is exactly the opposite of inflation, and it is the biggest nightmare for our central banks, let's see why. We have deflation when overall the prices of goods fall. This would be caused by an increase of the value of money. First of all, it would hurt spending as consumers will be incentivized to save money because their value will increase over time. On the other hand, merchants will be under constant pressure. They will need to sell their goods quick otherwise they will lose money as the price they will charge for their services will drop over time. But if there is something we learned in these years is that central banks and governments do not care much about consumers or merchants, what they care the most is DEBT!!. In a deflationary environment, debt will become a real burden as it will only get bigger over time. Because our economies are based on debt, you can imagine what will be the consequences of

They are limited in number, and we will never have more than 21 million bitcoins around. Therefore they are designed to be deflationary. Now we have all seen what the consequences of deflation are. However, in a bitcoin-based future, it would still be possible for businesses to thrive. The way to go will be to switch from a debt-based economy to a share-based economy. In fact, because contracting debts in bitcoins would be very expensive business can still obtain the capital they need by issuing shares of their company. This could be an interesting alternative as it will offer many investment opportunities and the wealth generated will be distributed more evenly among people. However, just for clarity, I have to say that part of the costs of borrowing capital will be reduced under bitcoins because the fees would be extremely low and there won't be intermediaries between transactions (banks rip people off, both borrowers and lenders). This would buffer some of the negative sides of deflation. Nevertheless, bitcoins will face many problems, unfortunately, as governments still need fiat money to pay back the huge debts that we inherited from the past