5 things you should know before investing in Bitcoin

Are you thinking of investing in Bitcoin?

This article will give you some advice beforehand You buy and invest.
In this post, we will explain the following:

  • The investment basics that you must know before investing in Bitcoin
  • Why should you take seriously as an investor?
  • How to buy bitcoins (with a credit card or bank account)
  • Lessons learned from successful investors

Note: If you don’t need the details and just want to buy, it’s platform Coinbase It is the easiest way to buy if you live in the United States, Canada or Europe.

Why Bitcoin is rising

It is not surprising that Bitcoin, the global and safe currency that does not recognize borders, has caught the attention of investors
Bitcoin and cryptocurrencies are available to everyone and a great opportunity to be included in the new asset class that deserves to be given a degree of attention
Many consider that Investing in bitcoin Scary because the potential for growth is great with great risk as well, but it takes time and effort to understand how Bitcoin works.

Why invest in Bitcoin?

It seems silly to some people that one Bitcoin is worth hundreds of dollars
What makes Bitcoin valuable?
Bitcoin is rare and useful
Let’s take gold as a currency, for example. There is a limited amount of gold on Earth.
The more gold is excavated and extracted, the less it is in the ground, and the task of extracting it becomes more difficult and more expensive.
The same goes with Bitcoin.
There are only 21 million Bitcoins, and over time the mining process becomes increasingly difficult.
Take a look at Bitcoin’s inflation and supply rate:

 Inflation rate and bid rate for Bitcoin:

 

Bitcoin monetary policy is transparent and neutral, and anyone can verify it.
Bitcoin’s transparency is one of its most important features. We can see when a new Bitcoin has been created or how many Bitcoins are in circulation in the market.
Bitcoin can be sent from anywhere in the world to anywhere else in the world. No bank, entity or country can block transfers and payments or close your account. Bitcoin is anti-censorship money.
Bitcoin does not recognize geographic boundaries, and it also provides an opportunity to shake off states’ failed monetary policies.
The Internet has made information available to everyone and easy to access. Bitcoin and digital currencies will have the same impact on the financial lives of individuals and the global economy.
If you understand the goal behind creating Bitcoin, it shouldn’t be difficult for you to understand that investing in it might be a good idea.

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Bitcoin price

There is no official price for Bitcoin, its price is determined by people willing to pay. It is the index of the Bitcoin exchange rate against the dollar CoinDesk A good resource for valuable currency.
Bitcoin price indicators generally show the value of one bitcoin against any currency, but you can buy and trade less than one bitcoin on bitcoin and cryptocurrency trading platforms and sites. Here is a chart showing Bitcoin’s price history:

A chart showing Bitcoin's price history

 

How do you choose the right time to buy?

As with any other investment, nothing is certain.
In order to be able to buy a certain amount of Bitcoin, someone must be willing to sell it. And in every commercial transaction on trading platforms, the bitcoin seller bets on the possibility of the Bitcoin price falling or at least not rising, and the buyer betting on an increase in its price, and in this sense every buyer and seller bets on his knowledge. That is why do not take the information mentioned in this article as investment advice. You should do your own research before buying Bitcoin.
In general, since the creation of Bitcoin in 2009, whenever its price increased, it rose at a very fast pace, and whenever the price decreased, it decreased slowly and steadily until it stabilized.
Use tools like Bitcoin Wisdom or CryptoWatch Analyze charts and understand Bitcoin’s price history.
Bitcoin is global and is not affected by any country’s financial condition.
When thinking about how the economy and country policy will affect the Bitcoin price, it is important to think on a global scale and not just about what is happening in one country.

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How to invest in Bitcoins and where to buy it

The difficulty of buying Bitcoin depends on the country in which you live. Developed countries have more options to buy it and more liquidity.
platform CoinBaise It is currently the largest Bitcoin buying platform in the world and is only available in the United States, United Kingdom, Canada, Singapore, and most of Europe.
You can use this the tool To find someone selling Bitcoin in your country.

Important Tips:
It is important to understand how Bitcoin works before you invest any money.
Bitcoin and cryptocurrencies are still a new technology, and it can take you months to understand the real impact they can have on the world.
Take the time to understand Bitcoin, how it works, and how it differs from regular money.

 

Lessons learned from successful investors

I have read several articles about successful investors in an attempt to discover the so-called secrets behind their success. Here are some of my findings:

First: If you don’t have even a little bit of anxiety over your investment, then you aren’t risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.
Second: Get the profit as quickly as possible “Beat the Greed”
Third: Beware anyone who predicts the future, as all financial results are both right and wrong. This means that investing in Bitcoin is a gamble of sorts. No one can tell you precisely what will happen in the future regarding bitcoin, cryptocurrencies, or any other investment. In fact, everyone guesses the best way to invest.
Fourthly: Don’t get emotionally involved with anything you buy, many people fall in love and become tightly attached to their investments. As a result, these investments push them into a precipice.

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As Warran Buffett, the greatest of all time successful investors, said: A smart investor is a realist who sells to optimists and buys from pessimists

Finally, do not invest unless you are financially secure enough and have a lot of savings saved to cover your expenses from three to six months. From this well-established site, you can look to invest your money in Bitcoin and grow it.

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7 Best Bitcoin Storage Wallets | You must use it

Greetings to you, I hope that you will benefit from the study, and help others to share the topic

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