Everyone is venturing into the bitcoin trading and people in Canada are not left behind. Bitcoin investment is sure to make you a lot of money if you know how to trade. The popularity of bitcoin is spreading like wildfire and it is a question of time before you make something really tangible out of it if you start trading today. You may not believe it, but you can find several bitcoin ATMs in several parts of Canada, like Alberta, British Columbia, Ontario and several other provinces. Even the Canadian government is insisting on its citizens paying tax on profit made from bitcoin trading.
What are the benefits of bitcoin trading?
Bitcoin investment is good and you should not hesitate to get involved in it. Bitcoin investment comes with big speculative gains and it can make you a millionaire. Even if you do not become a bitcoin billionaire overnight, you can become one over time if you are persistent and you also have a good trading or investment strategy. With bitcoin trading, your modest investment can grow to become something big. In fact, bitcoin is now more profitable than real estate and tech stock. The initial price of bitcoin as far back as July 2010 was $0.08. Today, the value is far higher than that.
One other benefit of making money via bitcoin trading is its anonymity. A bitcoin transaction is largely bellied to be untraceable. As a result, you can make transactions with bitcoin without revealing your identity to anybody. However, there are indications that bitcoin transactions are not entirely untraceable since each bitcoin transactions are recorded on a public blockchain. As a result, those who have the time and motivation to trace a bitcoin transaction can get it done using IP addresses and public key information.
Bitcoin Investment in Canada
One other thing that makes bitcoin trading a worthy investment is that it can prevent the effect of currency devaluation. The world can learn a lesson or two from Bolivians, who bought bitcoin using their local currency, the Bolivars when the local currency was undergoing very serious devaluation. This trading decision saved the day for many of them since it prevented further loss in value of their liquid assets.