Legal Insider Bot Or Trading Bitcoins – Which Is The Better Option?

binary options trading These days there are so many new and exciting options available for traders looking to play around with new investment vehicles and new markets in which to trade. Two of the most popular new trading arenas are Bitcoins and binary options.

The thing I like about binary options trading is that it is just so simple, and apparently there are cool new tools that let you trade options totally hands free, using  proprietary systems that figures out what direction the money is moving in before anybody else.

Meanwhile there are those who don’t even know about this because they have abandoned options trading and moved on to something many agree is even more groundbreaking, trading cryptocurrencies like bitcoins.

The great thing about Bitcoin, and the reason why it’s gaining in popularity these days, is that it can be transferred electronically without the need for an intermediary.  It offers complete freedom and control over one’s currency.  Another major benefit is that transfers can be completed without any personal identification markers.  Essentially, making the transfers completely anonymous.

The problem is that Bitcoin is still in its infancy stages and it has not yet fully matured to the point where it is a ubiquitous currency.  Anyone interested in investing with Bitcoin needs to understand some of the basics of this crypto currency before they jump in and start investing time and money.

Bitcoin is far from the ideal at its present stage. However, the benefits of using this new form of currency are many.  In today’s increasingly mobile, global economy, the need for a new form of currency that allows freedom, control and liquidity can only be regarded as a good thing not only for personal freedom of choice but also for economic development as a whole.  After all, why endure administrative fees of a financial institution intermediary or the arbitrary bureaucracy of an incompetent governmental institution, when you can simply cut them out and complete a transaction on your own?

The bottom line is that there are benefits and risks to everything we do in life.  The question any investor worth his salt needs to ask is whether, after conducting a thorough risks/benefit analysis, the risks are worth it.  In the coming years, Bitcoin and other alternative currencies will mature.  The fact remains that there is a demand for these new forms of currency.  It’s essentially the free market at work.  Now that technology is catching up with this need, we are seeing it increase in popularity.

My recommendation, if you have the time is to play around with both Bitcoins and binary options in order to see which one you like best. A trading software like the Legal Insider Bot will make getting started with binary options so quick you’ll have plenty of time to dedicate to getting the hang of making money with Bitcoins too!

Why has cryptocurrency become so popular?

bitcoin cryptocurrency

The recent rise of cryptocurrency has baffled a lot of economists. Many predicted cryptocurrencies represented nothing more than mini-micro-economic “bubbles” that would be sure to burst and create massive losses for those “foolish enough” to invest in such currencies. The problem is, at least for the conventional economists, is that they couldn’t be more wrong.

Entire sectors of the economy now exist solely on the internet. Just look at the rise of Amazon as an example. Indeed, many predict that within 50 years, brick and mortar businesses will be as quaint and inconsequential as the local “mom and pop” grocery stores of recent history. Heck, malls are shutting down across the country because no one needs to go to the mall anymore—just buy what you need online! If you had predicted the demise of malls just a few short years ago, you’d be considered a quack or even a kook!

Now, in addition to the growth of online economies, we’ve got the growth of entire underground online economies that value privacy above all else. Just look at the rise of Bitcoin as an example. One of the things people love about Bitcoin, is there is a greater emphasis on privacy protection. In fact, many think Bitcoin offers complete anonymity, or at least greater privacy protections, than conventional currency options. For this reason, many believed Bitcoin was the currency de jure for online criminals who wanted to transfer whatever illicit goods they were dealing in without the worry of being tracked.

There’s a flip side to this, of course. Take a look at the growth of Reddit and other online communities as an example. Many “redditors” are paid by other “redditors” in cryptocurrency such as Bitcoin for various services. Most “redditors” are under the age of 30. This certainly is becoming more and more the norm. And as the next generation ages, the idea of alternative cryptocurrencies will not seem fringe at all!