What is bitcoin currency ?
Bitcoin is a cryptocurrency that allows users to transfer money anonymously. It’s also the first decentralized digital currency which means it doesn’t require a central bank or middleman in order to operate.
The more people use Bitcoin, the more valuable it becomes. Bitcoins have reached over $7000 per coin in 2017 and they’re worth nearly $20,000 as of December 12th, 2017 and $50,000 in 2021.
It’s market cap is over 275 billion dollars at the time of this post. Bitcoin was created by Satoshi Nakamoto to replace fiat money systems, which are highly unstable and are often centralized by banks or governments. Another popular cryptocurrency is Ethereum, which can only be mined through GPU rigs instead of ASICs like bitcoin.
Many people are afraid of investing in bitcoin because they think that it can’t be regulated, but as time goes on bitcoin is being regulated by many countries around the world including China, India and Japan.
Why people don’t believe in crypto.
Bitcoin and other Crypto coins are highly volatile with a high risk of loss, which is why many investors have chosen to stay away. However, this should not discourage anyone from investing in Bitcoin or other Crypto coins. But the opportunity for high returns on investment is huge if right btc price prediction you knows.
Cryptocurrency trading is the act of buying and selling cryptocurrency tokens, such as Bitcoin. It’s like trading stocks or bonds, but without a middleman like a broker. With Bitcoin mining, you don’t need to buy and spend hundreds of dollars on electricity to mine for Bitcoins anymore.
Benefits of crypto investment
Cryptocurrencies are the future of currency. They will give you more control over your money, and due to its revolutionary nature, cryptocurrencies are simply the next step in the evolution of money.
Not only that, but they are a much safer alternative to stocks. If you have worked for a company for 5 years and your stock drops 50% one day. It doesn’t matter anymore because you won’t be needing it anymore.
The safest way to invest in cryptocurrencies is through a bitcoin trading. You know that I am telling you the truth because I am not making any commissions for this recommendation.
How to invest in bitcoin ?
When you invest in Bitcoin, you’re actually investing in a digital currency. When you buy Bitcoin, you are purchasing its value at a specific time making it an investment. You can purchase Bitcoin on exchanges like Coinbase and other websites that specialize in these transactions. You will need to create a digital wallet before purchasing Bitcoin so that it can be stored securely while not being accessed by unauthorized individuals.
Investing in bitcoin isn’t as simple as investing in the stock market. There are risks to consider when you invest in bitcoin such as lack of regulation, high volatility, and slower transaction time. Investing with a reputable bitcoin exchange will prevent you from being scammed or hacked.
The first step is to register with a Bitcoin exchange. Some popular exchanges are Coinbase and Gemini. Next, you will need to submit identification information and set up two-factor authentication. Once the wallet is set up, you can purchase bitcoins either with a credit card or through an exchange that converts your traditional currency into cryptocurrency.
If you want to trade Bitcoins without going through the complicated process of buying them outright, then you should use a brokerage service like CoinBase Pro or Circle Invest. These services allow you to buy and sell Bitcoin from your phone, instantly and securely. Lastly, if you want to store bitcoins for long term purposes then it’s recommended that you use cold storage wallets like Ledger Nano S or Trezor One.
Before invest in bitcoin and other crypto coins, Must take advise from your financial advisor. Because its very risky and high volatile market. Also the fees and exchanges is high on exchange platform.