When you hear people talk about cryptocurrencies and their meteoric rise, one of the biggest pushbacks you will hear is that cryptocurrencies are speculative and have no real value. However, is that really the case? And even if it is the case, one has to evaluate how much of an impact the speculative nature of cryptocurrencies has on their ability to be a powerful investment tool.
When a person visits a Bitcoin ATM in Tampa, FL, and purchases Bitcoin, they are purchasing into a market that is dominated by speculative trading. Right now, the most prevalent use of Bitcoin and other cryptocurrencies is exchange trades. That accounts for more economic activity than is seen in ordinary trades and purchases. This has led some to warn that cryptocurrency could have a potential bubble.
This doesn’t mean that a person should be worried when they use a Bitcoin ATM in Tampa, FL. Cryptocurrencies are not unique in their speculative nature. There are tons of assets out there, ranging from technology stocks to real estate to precious metals, that are subject to speculation and have had bubbles that have ended badly for investors. However, just because the housing market crashed in 2008, this doesn’t mean that investing in real estate is not a good idea. The same principles could apply to cryptocurrencies.
Learn more about the value of Bitcoin and see how RockItCoin Bitcoin ATM is making cryptocurrencies available to people in Tampa through their network of kiosks and ATMs by visiting the website.