Is It Safe to Invest in Bitcoin in 2019?

Obviously, the world is going digital. Now, more and more people from all over the world can access the Internet, and various companies are making money online.

As the world becomes more and more dependent on the Internet, the demand for global, security and digital currency has become a breeze. This is exactly what Bitcoin and other cryptocurrencies provide. Bitcoin is open to anyone willing to invest.

However, unlike traditional investment opportunities that are simple and easy to understand, investing in Bitcoin requires time and effort to understand how it works and make it right. Due to the lack of knowledge and a large amount of conflicting information on the Internet, investing in Bitcoin is frightening for many people.

This article will make you think about whether it is really safe to invest in Bitcoin before 2019, but before that”

Why invest in Bitcoin?

Only 21 million Bitcoins are available worldwide. As people continue to mine, coins become more and more rare. Therefore, in essence, this means that Bitcoin is valuable. Take gold as an example. The amount of gold available is limited; as more mined, it becomes scarce and therefore more valuable.

The same is true for Bitcoin. Anyone can verify the value of Bitcoin. You can know when new bitcoins were created and how many bitcoins are in circulation. You can send Bitcoin to the world, and no bank, government or financial institution can freeze them.

Bitcoin has an impact on the global economy; as more and more people go online, its usefulness continues to improve.

How to protect your Bitcoin

Investing in Bitcoin is a serious risk and should be treated as such. Hackers and scammers are common on the Internet, they try to obtain valuable information and cryptocurrency from unsuspecting people.

Since this investment is online and the most valuable investment on the Internet, it faces many risks. It is prudent to take measures to ensure investment safety.

In the past, there have been cases of hackers hacking into Bitcoin wallets. There are several best practices you can follow to ensure your Bitcoin is safe. Here are some things you should do:

  • Only a small amount of bitcoins are stored in each wallet

  • Encrypt your Bitcoin wallet for added security

  • Use a password that is difficult to figure out even for people who know you

  • Always keep the software up to date

  • Back up your wallet and store it in a different safe location

  • Use an offline wallet to save your bitcoins

Before investing in Bitcoin, please take some time to understand how it works, how to protect your Bitcoin, how it differs from traditional currencies, and how Bitcoin affects the world. With all of this in mind, you will be able to make the right decision on whether it is suitable to invest in Bitcoin.

Step by Step Guide to Bitcoin Investment

Well, like almost everything else in life (if not all), you have to buy it before you can invest in it. Investing in Bitcoin can be very challenging, that is, if you don’t have the steps ahead.

First of all, you need to know that Bitcoin is a cryptocurrency, one of the earliest digital currencies invented, designed and developed by Satoshi Nakamoto and released to the public in 2009.

Since then, the network of experienced developers has been updated and improved, and part of the funding for the platform is provided by the Bitcoin Foundation.

Since Bitcoin has become a hot topic of people’s attention, and many people are investing, if you can also obtain some digital wealth, it will not cause harm. Interestingly, as early as 2012, Bitcoin companies could only raise $2.2 million.

Despite the price drop this year, the cryptocurrency of users and merchants who accept its payments continues to grow.

So how can you be part of the action? For ordinary Joe, investing in Bitcoin is easy because he bought some directly.

Nowadays, buying has become very simple, and many companies in the United States and many countries have participated in the business of buying and selling.

For American investors, the simplest solution is Coin Base, a company that sells BTC to people at a mark-up price that is about 1% higher than the usual price.

If you want to conduct traditional exchanges, Bit Stamp may be a better choice because users will not only trade with the company, but also with users.

The company only acts as an intermediary. With high liquidity, you can almost always find another person to take on the other side of your transaction.

If your transaction volume exceeds $150,000 in the past 30 days, the fee starts at 0.5% and goes all the way down to 0.2%. All of these have been used as investment methods in their own way, because the more BTC you buy, if you choose to store it or resell it to other traditional buyers at a higher price than buying with BTC, you will accumulate more profit. The real company.

You can also buy Bitcoin through other methods than exchange. One of the most popular routes to be so offline is local Bitcoin, the site pairs you with potential buyers and sellers. At the time of purchase, the tokens are locked in the seller’s escrow, and can only be issued to the buyer from the escrow.

However, buying Bitcoin offline should take some extra precautions, just like when meeting a stranger, which is usually very common. Gather in public places during the day and invite friends if possible.

Bitcoin is currently the hottest thing online. Investors and venture capital companies are betting that this situation will continue. For ordinary Joe, there are many ways to invest and buy Bitcoin.

In the United States, the most popular channels are coin vaults, bit stamps and local bitcoins. Each method has its advantages and disadvantages, so please do your research to find the best method for you.

Bitcoin – A Secure Investment for the Future

Bitcoin is an online digital currency, just like the US dollar or the British pound, but there are some exceptions. Satoshi Nakamoto launched Bitcoin in 2009. It uses a peer-to-peer payment system that does not have any intermediaries and can safely transfer goods between any two people on the planet. It is associated with a huge computer network, and the currency unit of the Bitcoin system (appropriately called Bitcoin) can be obtained simply by joining the huge network. Bitcoin provides a fast, cheap, and secure transaction option, but few people are willing to change jobs for this. Therefore, the one million dollar question still exists, is Bitcoin a safe investment?

Bitcoin is only a few years old. This is an interesting creation. It has been sought after by many people, and there are records showing that it has been ranked among the top financial charts. Its popularity has surpassed and has led some top companies like Virgin Galactic to see it as an acceptable source of payment. Bitcoin prices have risen by as much as 10% and continue to dominate the market, which makes many people interested in investing in Bitcoin.

Another characteristic of Bitcoin is that it does not have a central bank and the central government does not control it. It is a global currency. Behind its creation and existence is a complicated and annoying mathematical algorithm that enables it to cover up unfortunate events related to the government. There will be no cases of political turmoil and government absurdity in the cryptocurrency system, which put the economy into shame and led to a significant reduction in investment in Bitcoin over the years. This creates safe and friendly investment opportunities with low inflation risk.

Shortcomings

With amazing room for upside, cryptocurrency also has a downward trend. As mentioned earlier, this matter is still taking the first step. With that comes huge uncertainty. The price of Bitcoin fluctuates greatly; it is currently increasing sharply and can fluctuate at a rate of 30% to 40% within a month. The world is still surprised by its appearance, and there are almost no Bitcoin holders and Bitcoin. This leads to unanswerable questions and indifferent fear, because investing in new unpredictable “gold mines” can have devastating effects. Its novelty has led to a lack of regulations and scared away potential investors.

The mystery surrounding the Bitcoin system is the main factor to consider. Anything can happen, and everyone involved in the Bitcoin market is on high alert. In December 2013, China cancelled the use of Bitcoin, which caused its value to drop sharply from US$1,240 to US$576 in just three weeks. The programmers also determined the function of this global currency, and many people questioned the idea of ​​risking financial planning for certain groups of geeks. This prevents many people from entering the system and greatly increases the risk of Bitcoin investment.

6 Benefits of Investing in Cryptocurrencies

Bitcoin was born in 2009, opening the door to investment opportunities for a new asset class-cryptocurrency. Many people entered space early.

The huge potential of these emerging but promising assets attracted them, and they bought cryptocurrencies at a bargain price. Therefore, in the 2017 bull market, they became millionaires/billionaires. Even those who don’t invest much can make considerable profits.

After three years, cryptocurrencies will remain profitable and the market will remain unchanged. You may already be an investor/dealer or are considering trying your luck. In both cases, it makes sense to understand the benefits of investing in cryptocurrencies.

Cryptocurrency has a bright future

According to a report entitled “Imagine 2030” released by Deutsche Bank, credit and debit cards will become obsolete. Smartphones and other electronic devices will replace them.

Cryptocurrency will no longer be seen as abandonment, but a substitute for the existing currency system. Their benefits, such as security, speed, lowest transaction fees, ease of storage, and relevance in the digital age, will be recognized.

Specific regulatory guidelines will popularize cryptocurrency and promote the adoption of cryptocurrency. The report predicts that there will be 200 million cryptocurrency wallet users by 2030 and nearly 350 million by 2035.

Opportunity to be part of a growing community

#IndiaWantsCrypto by WazirX The campaign was recently completed for 600 days. It has become a large-scale movement to support the adoption of cryptocurrency and blockchain in India.

Similarly, the recent decision of the Supreme Court lifted the Reserve Bank of India’s crypto banking ban starting in 2018, which has injected new confidence among Indian Bitcoin and cryptocurrency investors.

The 2020 “Edelman Trust Barometer” also pointed out people’s growing confidence in cryptocurrency and blockchain technology. According to the survey results, 73% of Indians trust cryptocurrency and blockchain technology. 60% said that the impact of cryptocurrency/blockchain will be positive.

By becoming a cryptocurrency investor, you will become part of a thriving and rapidly growing community.

Potential profit increase

Diversification is an essential investment rule of thumb. Especially during this period, most assets suffered severe losses due to the economic difficulties caused by the COVID-19 pandemic.

Since the beginning of the year, the investment in Bitcoin has achieved a return of 26%, while gold has achieved a return of 16%. The ROI of many other cryptocurrencies has reached triple digits. As we all know, the stock market has performed poorly. As we all know, crude oil prices plummeted below zero in April.

In this uncertain global market situation, including Bitcoin or any other cryptocurrency in your investment portfolio will protect the value of your fund. Billionaire macro hedge fund manager Paul Tudor Jones was also impressed by this fact when he announced plans to invest in Bitcoin a month ago.

The cryptocurrency market is on 24X7X365

Contrary to the usual market, the cryptocurrency market operates uninterrupted throughout the day and season. This is because the digital currency system is essentially designed using software code segments protected by a password.

The operational blueprint does not involve human interference. Therefore, you can freely trade cryptocurrency or invest in digital assets anytime, anywhere. This is a great benefit! In this way, the cryptocurrency market is very efficient.

For example, since its inception in 2009, Bitcoin has successfully processed 99.98% of uptime transactions.

tweet: https://twitter.com/fernandoulrich/status/11853682775576​​20736

No paperwork or form required

You can invest in Bitcoin or any other cryptocurrency anytime, anywhere without any unnecessary terms and conditions.

Unlike traditional investment options, traditional investment options require a large number of documents to prove that they are “qualified investors”, and crypto investment is free for everyone. In fact, this is the expected goal behind the creation of cryptocurrency. Democratization of finance/money.

Used to buy any cryptocurrency WazirX, You need to open an account, just provide some basic details, including your bank account information. Once verified, you can start using it within a few hours.

Sole investment

When you buy Bitcoin or any other cryptocurrency, you will become the sole owner of that particular digital asset. Transactions are conducted in a peer-to-peer manner.

Unlike bonds, mutual funds, and stockbrokers, no third party can “manage your investment” for you. You can buy and sell at any time.

User autonomy is the greatest benefit of the cryptocurrency system. It provides incredible opportunities to invest the principal and establish entities “independently”.

These are some of the benefits of investing in cryptocurrencies. We hope you find them useful and convincing enough to start your cryptocurrency investment journey.

Thinking of Investing? Think the Bitcoin Way

What is Bitcoin?

If you are here, you have heard of Bitcoin. In the past year or so, it has been one of the biggest news headlines-as a get rich quick plan, the end of finance, the birth of a truly international currency, the end of the world or the technologically advanced world. But what is Bitcoin?

In short, you can say that Bitcoin was the first decentralized currency system for online transactions, but it might be useful to study it in more depth.

In general, we all know what “money” is and what its purpose is. Before the advent of Bitcoin, the most important issue witnessed in the use of currency was related to its centralization and control by an entity-a centralized banking system. Bitcoin was invented in 2008/2009 by an unknown creator, who was named after Satoshi Nakamoto (Satoshi Nakamoto), aiming to bring decentralization into currency on a global scale. The idea is that the currency can be traded on an international scale without any difficulties or fees, the checks and balances will spread all over the world (not just on the ledger of private companies or governments), and the currency will become more democratic and owned People get equal access.

How did Bitcoin start?

The concept of Bitcoin and cryptocurrency in general were proposed by an unknown researcher Satoshi Nakamoto in 2009. The purpose of its invention is to solve the problem of centralization of currency use that relies on banks and computers. Many computer scientists are not satisfied with this. Since the late 90s, attempts have been made to achieve decentralization, but have been unsuccessful, so when Satoshi published a paper providing solutions in 2008, it was greatly welcomed. Today, Bitcoin has become a familiar currency for Internet users, and thousands of “altcoins” (non-bitcoin cryptocurrencies) have been produced.

How is Bitcoin made?

Bitcoin is made through a process called mining. Just like making money through printing and mining gold from the ground, Bitcoin is also created through “mining”. Mining involves using a computer to solve complex mathematical problems about blocks and adding them to the public ledger. In the beginning, only a simple CPU (such as the CPU in a home computer) was needed to mine, but the difficulty has been greatly increased. Now you will need dedicated hardware (including high-end graphics processing units (GPU)) to mine. Withdraw bitcoins.

How should I invest?

First, you must open an account on the trading platform and create a wallet; you can find some examples by searching for “Bitcoin trading platform” on Google-their names usually refer to “coins” or “markets”. After joining one of these platforms, you click on assets and then click on encryption to select the desired currency. There are many very important indicators on each platform, and you should make sure to observe them before investing.

Just buy and hold

Although mining is the most reliable and easiest way to earn Bitcoin, the work involved is too cumbersome, and the cost of electricity and dedicated computer hardware prevents most of us from using Bitcoin. To avoid these troubles, please rest assured, enter the amount you want directly from the bank, then click “Buy”, and then sit down and observe whether your investment increases according to price changes. This is called an exchange, which takes place in many transactions. Today’s available trading platforms can be carried out between many different fiat currencies (USD, AUD, GBP, etc.) and different cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.) transaction.

Trading Bitcoin

If you are familiar with stocks, bonds or foreign exchange exchanges, then you will easily understand crypto trading. There are bitcoin brokers such as electronic social trading, FXTMmarkets.com, and many other brokers for you to choose from. The platform provides you with bitcoin fiat currency or fiat bitcoin currency pairs. For example, BTC-USD means trading bitcoin with U.S. dollars. Pay close attention to price changes to find the ideal currency pair based on price changes; the platform provides prices and other indicators to provide you with appropriate trading tips.

Bitcoin as a share

Organizations have also been established that allow you to buy shares in companies that invest in Bitcoin-these companies trade back and forth, you only invest in them, and then wait for monthly returns. These companies just bring together digital currencies from different investors and invest on their behalf.

Why invest in Bitcoin?

As you can see, investing in Bitcoin requires you to have a basic knowledge of a certain currency, as described above. Like all investments, it also involves risks! The question of whether to invest depends entirely on the individual. However, if I provide advice, I recommend investing in Bitcoin on the grounds that Bitcoin continues to grow-despite an important period of prosperity and depression, the entire cryptocurrency is likely to continue to grow in value over the next ten years. Bitcoin is the largest and most widely known of all current cryptocurrencies, so it is a good starting point and the safest choice at the moment. Despite the volatility in the short term, I doubt that you will find Bitcoin trading more profitable than most other venture capital investments.

Simple Ways to Buy and Invest in Bitcoin

What is Bitcoin?

Bitcoin is a decentralized, peer-to-peer digital currency system designed to enable online users to process transactions through a digital exchange unit called Bitcoin. In other words, it is a virtual currency.

The Bitcoin system was created in 2009 by an undisclosed programmer. Since then, Bitcoin has won widespread attention and controversy as a substitute for the U.S. dollar, euro, and gold, silver and other commodity currencies.

Rising popularity

Bitcoin did not attract much attention in business and finance before 2009. It has grown by more than 300% between 2011 and 2012, and it stands out as a result. Since August last year, the value of Bitcoin has increased by 400%. As a result, venture capital companies and investors around the world continue to value this cryptocurrency.

In the first half of 2014, venture capital firms invested 57 million US dollars in Bitcoin in the first quarter, and then invested 73 million US dollars in the second quarter for a total of 130 million US dollars, an increase of 50% from last year’s total of 88 million US dollars. . This is in sharp contrast to the situation in 2012, when the Bitcoin company accumulated a relatively insignificant $2.2 million.

These statistics undoubtedly prove that Bitcoin is worth your investment, which begs the question, that is, how do you buy and invest in Bitcoin?

A beginner’s guide to Bitcoin investors

The easiest and easiest way to invest in Bitcoin is to buy Bitcoin. There are many mature companies, mainly in the United States and abroad, engaged in the business of buying and selling Bitcoin (abbreviated as BTC).

Coin Bank

If you live in the United States, then Coinbase is the place you are looking for. The price at which Coinbase provides BTC to its customers is estimated to be 1% higher than the current market price. U.S. residents can choose to synchronize their Coinbase wallet with their bank account. In this way, future payment transfers become hassle-free. The company also provides you with the option to automatically buy Bitcoin from time to time. For example, if you are interested in buying $50 in Bitcoin at the beginning of each month, Coinbase allows you to set up an automatic purchase for that amount.

Please keep the terms and conditions in mind before you start using this service. If you have subscribed to the automatic bitcoin service, then you will not be able to control the price of buying BTC each month. Please note that Coinbase cannot be used as a Bitcoin exchange, that is, you buy and sell coins directly from the company. Since the company must purchase coins from other buyers, you may face delays or interruptions when placing orders in rapid market movements.

Bit stamp

BitStamp is suitable for the requirements of regular Bitcoin exchanges. Bitcoin acts as an intermediary, allowing you to transact with other users instead of the company itself. The liquidity here is high, and you always have a good chance to find someone who is willing to trade with you. The initial fee is 0.5%, if you trade $150,000 within 30 days, it can be reduced to 0.2%.

Alternative ways to buy Bitcoin

Local Bitcoin

Exchange is not the only way to invest in Bitcoin. Local Bitcoin is usually used to buy BTC offline. The site is designed to link potential buyers and sellers. Bitcoin is a locker provided by the seller under escrow and can only be released to the buyer.

Buying Bitcoin offline is not always reliable or safe. Therefore, it is best to meet with the seller during the day and have a friend mark with you, just in case things develop to the south.

Bitcoin is not just a modern trend. In the long run, venture capital companies believe that Bitcoin can be a good alternative to traditional currencies. You can enter the Bitcoin investment field in many ways. As mentioned earlier, Coinbase, BitStamp and local Bitcoin are the most popular Bitcoin investment channels in the United States. Do your homework and find out which way ticked all your boxes.

5 Tips to Consider Before Investing in Bitcoin

In 2017, Bitcoin experienced a lot of growth, and people made a lot of money in the process. Even today, Bitcoin is still one of the most profitable markets. If you are just a beginner, you may need to do your homework before investing your money in Bitcoin. Here are 5 expert tips that can help you avoid some common mistakes when trading Bitcoin.

1. Learn the basics first

First, you may want to learn the basics in order to better understand how to buy and sell Bitcoin. In addition, you may want to read reviews of popular Bitcoin exchanges to find the best platform.

As with other types of financial investments, you may want to find a way to protect your investment. Ensure that your assets are safe from fraud and cyber attacks. After all, security is the most important aspect of any type of investment.

2. Consider market value

It is not a good idea to make such a decision based solely on the price of the token. However, the value of cryptocurrency is only valid when you consider the existing supply in circulation.

If you want to buy Bitcoin, please don’t pay too much attention to the current value of the currency. Instead, you may need to consider the total market value.

3. Invest in Bitcion instead of mining Bitcoin

The Bitcoin mining industry is rapidly gaining popularity. Initially, it was not difficult to earn Bitcoin by cracking the password puzzle. Later, it is possible to mine bitcoins only in special data centers.

These centers are full of machines designed specifically to mine Bitcoin. Today, if you want to build a home-based mining center, it may cost millions of dollars. Therefore, it is best to invest in Bitcoin.

4. Diversify your investment

New Bitcoin investors often have a short-lived passion for cryptocurrencies. In fact, with Bitcoin, you can diversify investment risks. If you invest in cryptocurrency wisely, you can enjoy the same rewards as investing in foreign exchange. All you need to do is develop a reliable risk management strategy.

In other words, you may not want to put all your eggs in the same basket. Therefore, you may also want to invest in other cryptocurrencies.

5. Set clear goals

Since Bitcoin is a new market, you may find it difficult to know the right time to trade your Bitcoin. The value of Bitcoin is volatile, which means you should have clear goals in terms of profit and loss.

You may not want to make mistakes and be unable to make investment decisions based on your emotions. Taking wise actions can help you minimize losses and make good progress.

In short, if you plan to invest in Bitcoin, we recommend that you follow the tips given in this article. This will help you make an informed decision while staying safe. Just make sure that you avoid common mistakes when starting this business.

5 Benefits of Investing in Bitcoin

If you are interested in investing in Bitcoin, we recommend that you read about the benefits of the currency in this article. According to many studies, Bitcoin investors are the most successful investors in the world. For example, Richard Branson, the founders of eBay, PayPal and Yahoo have invested huge sums of money in this currency. Although your financial success depends on many factors, this digital currency has become popular worldwide. Keep reading to learn more.

Unlike other currencies in the world, cryptocurrencies have many advantages. Most currencies are susceptible to a series of challenges that affect their value and purchasing power. On the other hand, the good thing about cryptocurrencies is that they don’t have too many challenges to face, because their purchasing power is not controlled by any authority. Let’s take a look at some of the benefits of this investment.

Reduce the risk of inflation

We know that conventional currencies are regulated by the governments of their issuing countries. Sometimes, because the government tends to print money continuously, this causes the value of the currency to rise or fall sharply. As the value of currency falls, so does its purchasing power. Therefore, more money is needed to buy the same things.

Therefore, it is like taxing the funds you already have. For Bitcoin, there is a different system. According to experts, one unit of this currency is enough to meet the needs of 500 people around the world. This is a very interesting message.

Reduce the risk of falls

According to investors, unlike conventional alternative currencies, the currency has a lower downside risk. The reason is that it has a global circulation and is not affected by government policies. In other words, even if conventional currencies collapse or hyperinflate, Bitcoin will not lose its value.

Transaction is very simple

Another advantage of this currency is that it allows simple, cheap and simple transactions. Since buyers do not have the right to request a refund of funds after shopping, sellers can send products without worrying about losing money.

portability

Existing major currencies are difficult to carry, especially in large quantities. In addition, carrying millions of dollars to meet your buying needs is quite risky. On the other hand, Bitcoin provides portability, which means you don’t need to carry a dollar with you.

No tracking

Cryptocurrency cannot be traced back to the source, which is another advantage of investing in Bitcoin. Once the seller receives the coin, it will not be returned to the buyer in any way. Therefore, no government can track the source of funding.

To make a long story short, if you plan to invest in Bitcoin, we recommend that you consider the benefits described in this article. This will help you make the best decision to meet your needs. Hope this helps.