• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About
    • Secure360
    • UMSA
    • Get Involved
  • Events
    • Secure360 2021
    • Student360
    • Past Events
      • 2020 Secure360 Twin Cities
      • 2020 Student360
      • 2019 Secure360 Twin Cities
      • 2019 Student360
      • 2018 Secure360 Twin Cities
      • 2018 Secure360 Wisconsin
      • 2018 Student360
      • 2017 Secure360 Twin Cities
      • 2017 Student360
      • 2016 TC Secure360 Conference
      • 2015 Secure360 Conference
      • 2014 Secure360 Conference
      • 2013 Secure360 Conference
        • 2013 Secure360 Conference Speaker Presentations
      • 2012 Secure360 Conference
  • For Sponsors
    • Secure360 Twin Cities
    • Student360 Sponsors
  • For Speakers
    • Secure360 Speaker Details
    • Student360 Speaker Details
  • Blog
  • Nav Social Menu

    • Facebook
    • LinkedIn
    • Twitter
    • Vimeo

Secure360

Variable values: Is Bitcoin an investment boon or bubble?

February 9, 2018 by Secure360 and UMSA

Smartphone folded in half to form wallet that holds Bitcoins on circuit background

Copyright: Konstantin Shaklein/123rf

Last year, Bitcoin gained traction and popularity in the digital marketplace world of investing in cryptocurrency. At its record high, the value of one Bitcoin hit $19,783 in mid-December. Despite its recent popularity and waves of Internet headlines though, Bitcoin is not brand new to the world of cryptocurrency. It has actually been around for nearly a decade, and its value has varied greatly over its life span.

So, what does Bitcoin’s fluctuating value as a cryptocurrency mean for investors? It translates to multiple caveats on a need-to-know basis. Here are some things to consider:

Know what you’re getting into: This may seem like an obvious point, but in reality, there are many facets of buying and investing in cryptocurrency, such as the changing value of Bitcoin. In fact, for the first time since November 24th, Bitcoin has dropped below $8,000.  In other words, it is important to remember that since Bitcoin’s value is unstable, it’s possible you could quickly lose all the money you put towards your investments in cryptocurrency.

Additionally, it is important to stay current on attempts to regulate the digital trade of Bitcoin. At present, Bitcoin does not have many limitations on where it can be sent from or to, and therefore it can be used in exchange of many goods and services. Some of these activities include the perpetuation of illegal activity since Bitcoin can be (and is) used to pay for darker goods and services.

Know the risks: Bitcoin is a digitally exchanged currency (though you can obtain physical Bitcoins) and as such, it is at high risk, not just as a product of technology but as a form of investment. Bitcoin can be susceptible to hacks and other technological issues, like viruses for example, that can damage your Bitcoin stockpiles if they’re not properly secured or stored. Be sure to also be aware of any scams and fraudulent exchanges of cryptocurrency.

Realize reasons behind the hype: As mentioned previously, one of the reasons behind the Bitcoin hype is that it can be profitable, such as when its value was estimated at nearly $20,000 back in December. It is important, however, to consider that one of its pricing factors comes from its scarcity. In a world of connectivity and easy access to the World Wide Web and a plethora of technology, it may seem like an oxymoron to say that there’s a limited amount of Bitcoin cryptocurrency – but it’s quite true.

There is a maximum of 21 million Bitcoins that will ever be in circulation and only 4.3 million remain to be digitally mined, according to Coin Central in early January 2018. Every Bitcoin has its own private key to be discovered, if it hasn’t already, through digital mining which involves completing blockchains.

In other words, just as with any other non-renewable resource, such as precious metals, oil, etc., the less there is available left for people to claim, the more valuable they become as a result of the difficulty in finding the remaining sources.

Have further questions about cryptocurrency or online security? Contact us here and let us answer your security needs.

Filed Under: News and Events, Cybersecurity Tagged With: The rising value of bitcoin, bitcoin value increase, bitcoin value, cryptocurrency, investing

About Secure360 and UMSA

The Secure360 and UMSA team is made up of professionals in the security and risk management industries. Topics of expertise range from physical security, IT, risk management, cybersecurity, cloud, information security and records management.

Reader Interactions

Comments

  1. Panda says

    March 13, 2018 at 6:05 pm

    The most pressing problem of the internet age would seem not to be the need to transfer funds without corporate or governmental control. We are under constant threat from hackers, and none of our institutions can seem to effectively protect themselves. On a daily basis, our most corporations are hacked, releasing massive data breaches. Viruses, worms, and the like hold our computers for ransom (will cryptocurrencies enable or deter the info-knappers?).

    In the face of this, I find trump’s fixation on a border wall to be absurd. Perhaps it’s the only tangible fix to national security an old man can envision. Instead of wasting billions on a wall, we need a Manhattan-scale project for protecting cybersecurity.

    Perhaps block chain technology is that project, albeit decentralized. Which would be great, because our politicians seem not to care.

    Reply
  2. Hannah Flack says

    September 8, 2020 at 3:47 am

    Excellent blog here! Also your site loads up very fast! What web host are you using? Can I get your affiliate link to your host? I wish my site loaded up as fast as yours lol

    Reply
  3. Alisha Ross says

    December 4, 2020 at 2:44 am

    Thank you for any other wonderful post. The place else may anybody get that type of information in such an ideal way of writing? I’ve a presentation next week, and I am at the look for such info.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Categories

  • Uncategorized
  • Guest Posts
  • Business Continuity Management
  • News and Events
  • Physical Security
  • Cybersecurity
  • Professional Development
  • Risk and Compliance

latest tweets

  1. Secure360 Conference
    Secure360 Conference: We are honored to be listed on the Top 20 Cyber Conferences for 2021 -> https://t.co/MnrQ3E5ifw
    about 6 hours ago

  2. Secure360 Conference
    Secure360 Conference: Fascinating stuff about the shift from brick & mortar to e-commerce, from Diamond Sponsor @cisco! https://t.co/4GaYGQKZ1a
    about 2 days ago

  3. Secure360 Conference
    Secure360 Conference: Seize the opportunity in the post-covid world to create a DevSecOps culture. Read how in a blog post by #Sec360 Gol… https://t.co/Hk5HrDRtcP
    about 2 days ago

Footer

Contact

For more information about UMSA events, contact: Marie Strawser

Email List Signup

Join our email list for monthly Secure360 news and updates!




Join our tradeshow email list for updates on sponsorship opportunities and upcoming exhibitor deadlines.

Sponsored by:
© 2021 Secure360. All rights reserved.