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How to Invest in Bitcoin: A Beginner’s Guide

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Bitcoin is a digital currency that operates independently of central banks. Its value fluctuates based on supply and demand. Unlike traditional currencies like dollars and euros, Bitcoins are not backed by anything physical, such as gold or silver. Instead, they’re generated digitally through a process called “mining.” Users mine bitcoins by running software programs on computers around the world. This generates blocks of data that are added to a public ledger known as a blockchain. When someone mines a block, they receive one bitcoin as reward. To prevent double spending, each transaction must include information about previous transactions.

The price of Bitcoin has increased dramatically over the course of 2017. In January, it was worth $1,000 per coin. By October, it had risen above $20,000. Now, it’s hovering just under $10,000.

As with any type of investment, it helps to understand what you’re getting yourself into. Here’s everything you need to know about how to invest in Bitcoin.

What is Bitcoin?

Bitcoin was created by a programmer named Satoshi Nakamoto in 2008. He published his white paper about the digital currency under the pseudonym Satoshi Nakamoto. In 2009, he sent the first bitcoin transaction to himself. Over the next decade, many people tried to claim credit for creating Bitcoin, but none could prove it.

In 2010, someone claiming to be Satoshi Nakamoto posted a note online saying that he had abandoned the project because of disagreements over how Bitcoin should evolve.

But in 2013, another person claimed to be Nakamoto and said he hadn’t given up on the project. And now, some experts believe there might be multiple people behind the creation of Bitcoin.

How Does Bitcoin Work?

Bitcoin uses a digital technology called blockchain, an advanced coding mechanism that spreads a single code over thousands or even millions of different computers. A blockchain is essentially a public ledger that keeps track of every transaction ever conducted within the system.

The concept behind blockchains is simple: no one person controls the network; everyone participates. This makes blockchains inherently resistant to fraud because there are multiple copies of each transaction stored throughout the network.

In addition to being decentralized, blockchains are also highly secure. Because there are multiple copies of transactions scattered around the network, hackers must attack hundreds or even thousands of computers simultaneously to alter information.

Blockchains are also transparent, meaning anyone can view what happens in the network. This transparency allows people to easily verify that transactions occur according to protocol.

What is Bitcoin used for?

Bitcoin isn’t like traditional currencies, such as dollars or euros. Instead of having one central authority, it uses cryptography to verify each individual exchange. This makes it decentralized, meaning no single person controls it.

This also makes it different from cryptocurrencies like Ethereum, where people build apps on top of the blockchain technology. With Bitcoin, you don’t buy anything; you just send someone else Bitcoins. You can even do this anonymously, without giving out personal information.

But what does this mean for consumers? Well, once you’ve purchased bitcoins, you can use them to pay for things online. Some merchants accept bitcoin payments directly, while others require you to convert your bitcoins into fiat currency.

You can also sell your bitcoins for regular money. They aren’t backed by any government, so they don’t necessarily have value. But because they’re digital, they can be transferred quickly and cheaply.

And since they’re unregulated, they’re subject to wild price swings. In December 2017, Bitcoin reached $20,000 per coin, but fell to less than $3,000 over the next few months.

What Do You Need to Invest in Bitcoin?

Bitcoin is one of those things where it seems like everyone wants to jump into investing in it. But what do you really need to start buying Bitcoins? Here are some quick tips to help you out.

You don’t need very much to invest. In fact, you could probably just use Coinbase and buy $100 worth of Bitcoin. If you want to go bigger, there are plenty of places online that allow you to purchase larger amounts of cryptocurrency. For example, Bitstamp allows you to purchase up to €250,000 ($300,000 USD).

The most important thing to keep in mind is that you don’t need to provide your personal information. This includes anything like your Social Security number, birth date, or even your address. Your bank account information isn’t necessary either. Some brokers like Robinhood don’t require any of that information. However, many others do. So check with each individual broker to see what they require.

If you’re thinking about getting involved with cryptocurrencies, you might be wondering how safe it is. There are certain risks associated with investing in digital currencies, but they aren’t nearly as high as they seem. One of the biggest issues people face when deciding whether or not to invest in Bitcoin is security. After all, hackers have been known to steal millions of dollars worth of Bitcoin over the course of a few months. Even though that hasn’t happened recently, it still makes investors nervous. Fortunately, there are ways to make sure that doesn’t happen to you.

First off, make sure you use a reputable exchange. Don’t use something like Localbitcoins.com. Many scammers operate on sites like this and try to take advantage of individuals looking to invest in Bitcoin. Instead, use a site like Coinbase. They offer simple interfaces and are easy to navigate. Plus, they have multiple verification methods including phone calls and text messages.

Another way to ensure that you don’ t lose money to fraudsters is to avoid giving away too much personal information. When signing up for an account, you shouldn’t give out any sensitive information such as your email address, full name, home address, etc. Be careful about sharing your credit card information. Remember, you never know who else might be able to access your data.

Finally, always pay attention to your transaction history. Make sure you review everything carefully before making a final decision. If you notice any suspicious activity, contact customer support immediately.

How to Invest in Bitcoin in 5 Steps

Bitcoin is one of the most popular cryptocurrencies out there today. With a market cap of over $150 billion, it’s no surprise why people are interested in investing in this digital currency. But while it’s possible to buy Bitcoin directly from exchanges like Coinbase, it’s much easier to use an exchange that already offers Bitcoin trading pairs. There are several ways to purchase Bitcoin, including opening up a bank account and transferring funds from another wallet, getting a prepaid debit card, or even joining a Bitcoin mining pool.

1. Join a Bitcoin Exchange

First, you’ll need to choose where you want to make your Bitcoin purchase. You could go directly to a wallet provider, such as Coinbase or Blockchain, and pay someone directly for the coins. But that might take too long depending on how much money you’re trying to move.

Alternatively, you could join one of many online exchanges, which act as brokers. They allow people to trade cryptocurrencies for fiat currency (like dollars). For example, Bitstamp allows you to buy bitcoin for euros.

Once you’ve chosen an exchange, you’ll need to find out what fees apply. Some charge transaction fees while others don’t. Fees vary based on the type of payment method used.

2. Choose Your Wallet Provider

Next, you’ll need to select a wallet provider. A “wallet” is software that stores your digital assets safely offline. Wallets allow you to send and receive bitcoins without exposing your identity.

You can store your Bitcoins on a desktop computer or mobile device. However, some wallets require you to install software onto your computer. Others work via apps on your phone.

3. Buy Your Coins

Now that you’ve selected your wallet provider, you’ll need to decide how much Bitcoin you want to buy. This will depend on whether you’re buying with cash or using a credit card.

If you’re paying with a credit card, you’ll need to sign up for a virtual prepaid debit card. These cards usually come with a monthly fee attached. The amount charged varies by company, but they typically range between 1% and 3%.

If you’re paying with cash, you’ll need to transfer funds into your wallet provider’s account. Once you have enough money, you can then withdraw them to your own wallet.

4. Transfer Funds Into Your Account

After you’ve purchased your coins, you’ll need to deposit the funds into your wallet provider. Depending on your wallet provider, this may be done through a web page or app.

5. Send Your Coins

Finally, you’ll need to send your newly-purchased coins to your desired destination. To do so, simply enter the address of the person who sent you the coins.

This process should only take a few minutes. Once complete, you’ll have successfully bought your first Bitcoin!

2. Get a Bitcoin Wallet

A bitcoin wallet is a place where you store your bitcoins. You can use a web browser or mobile app to interact with your wallet. Once you’re ready, here are some ways to buy bitcoin.

3. Connect Your Wallet to a Bank Account

The next step is to connect your wallet to your bank account. Once you do this, you’ll be able to buy and sell cryptocurrencies. You will need to enter your email address and password into the app. Then, you’ll need to verify your identity by uploading a government-issued ID like a passport or driver’s license. Finally, you’ll need to confirm that you’re over 18 years old.

Once you’ve done this, you’ll be ready to start buying and selling coins. To begin, select how much money you want to spend. Next, type in what coin you’d like to buy or sell. Then, choose whether you’d like to pay with fiat currency or crypto. Fiat currencies are the ones backed by the US dollar such as the euro, British pound, Canadian dollars, Australian dollars, etc. Crypto currencies are those that aren’t backed by governments or banks. They rely on cryptography to secure transactions.

You can now add funds to your wallet. If you’re paying with fiat currency, you’ll see a screen asking you to scan the QR code on your card. Otherwise, you’ll just tap “Add Funds.” After you’ve added the funds, you’ll see a confirmation screen. Tap “Confirm” to continue.

If you’re planning to trade, you’ll need to set up an exchange account. There are many exchanges out there, but Coinbase is one of the most popular. Simply log in to your existing Coinbase account or sign up for a free one here. Then, follow the prompts to link your bank account.

Now that you’ve got everything set up, you can start trading. First, you’ll need to pick a pair of assets. Assets are cryptocurrencies that are paired together. For example, Bitcoin and Ethereum are often traded together because they both use blockchain technology. Other pairs include Ripple XRP/Ethereum, Litecoin LTC/Bitcoin, Dash DASH/Bitcoin and Monero XMR/Bitcoin.

Next, you’ll need to decide whether you’d like to buy the asset or sell the asset. Buying is when you send funds to another person’s wallet. Selling is when someone sends you funds. In either case, you’ll need to specify how much you want to buy or sell.

Finally, you’ll need to choose how fast you’d like to receive payment. Some exchanges offer instant transfers, while others take several days. Instant transfers are ideal for small purchases, while larger trades usually require longer wait times.

4. Place Your Bitcoin Order

The most popular way to invest in cryptocurrencies is through buying Bitcoin directly. This is called “direct investing.” You’ll find many reputable sites where you can do this.

You might want to start off small, however, and test out different types of investments. For example, you could try purchasing just one fraction of a Bitcoin. If you like what you see, you can always increase your investment later.

If you decide to invest in Bitcoin, make sure you know exactly what you are doing. There are plenty of scams online, and some people even use fake accounts to steal money from unsuspecting investors.

Before you place your order, take a look at this list of things you should consider.

1. Understand How Cryptocurrencies Work

Cryptocurrency is digital currency that uses cryptography to secure transactions and verify ownership. Think of it like cash on the Internet. Unlike traditional currencies such as the dollar, Bitcoin doesn’t rely on central banks or governments to issue or regulate it. Instead, it relies on a distributed network of computers around the world to record bitcoin transfers.

2. Decide What Type Of Investment Strategy You Want To Use

There are two main ways to invest in cryptocurrency: long-term and short-term. Long-term means holding onto your coins for months or years. Short-term means using them immediately.

3. Choose A Wallet That Suits Your Needs

A wallet is software that stores your private keys and allows you to access your coins. It also helps protect against theft by generating new addresses for every transaction.

Most wallets work similarly. They allow you to create a public address (like a bank account) and a private key. The private key lets you spend your bitcoins, while the public address makes it easy to transfer them to other people.

Is Bitcoin a Good Investment?

Bitcoin isn’t quite like traditional investments. There are many different ways to invest money into Bitcoin, but there’s no guarantee that it’ll go up in value. In fact, it could fall dramatically. So how do you know whether investing in Bitcoin is a smart move?

The short answer is “it depends.” What does that mean? Is Bitcoin a good investment? Depends on what you’re looking to achieve with your investment activity.

Do you want to build a passive income stream?

If you’re looking to make a long-term, low-risk investment that generates consistent monthly returns, Bitcoin might not be the best choice. On the other hand, if you’re willing to take on some extra risks, Bitcoin could provide significant upside potential.

Become a full-time investor

Investing part-time doesn’t work well because you don’t have enough time to monitor your portfolio properly. If you want to become a full-time investor, you need to commit yourself to learning about finance, investing, and managing your wealth.

Save for retirement

Bitcoin vs. Other Investments

Investing has become extremely popular over the last few decades. Whether you’re looking to build long term wealth or just make quick cash, there are plenty of options out there. One of the most talked about trends right now is cryptocurrency. What exactly is Bitcoin? And how do cryptocurrencies work? Is it worth investing in? We’ll break down everything you need to know about Bitcoin and other crypto assets.

The Pros of Bitcoin Investing

Bitcoin is one of the most volatile assets out there. Its prices fluctuate wildly throughout the day, week, month, quarter, and even year. This makes it difficult to predict whether or not it will continue to rise in value over time. However, some people believe that Bitcoin will eventually become a widely accepted form of payment. And if that happens, Bitcoin investors stand to reap the benefits of a massive increase in value.

In fact, many experts say that Bitcoin is likely to reach $100,000 per coin within the next decade. While the chances of this happening are slim, there are still ways to make money off of Bitcoin. Here are three tips for those looking to invest in Bitcoin.

#1 – Buy When Prices Are Low

If you want to maximize profits, you should always look to buy Bitcoin when it’s at its lowest value. Buying during times of extreme volatility will allow you to take advantage of short term trends without worrying about losing too much money. You might think that buying Bitcoin now is risky because it could go down in value later. But remember that Bitcoin is extremely unlikely to lose value over time.

#2 – Buy Large Amounts

Another way to make big bucks is to buy a lot of Bitcoin. Buying a large quantity of Bitcoin allows you to capitalize on increases in demand and decreases in supply. For example, consider what happened in 2017. At the beginning of the year, Bitcoin was trading around $3,500. By the end of the year, the price had increased to nearly $20,000. So if you bought 10 Bitcoins for just $10,000, you’d have been sitting on a cool $19 million dollars worth of cryptocurrency.

#3 – Sell High

Finally, you may want to sell high by selling all of your Bitcoin at once. Selling high means that you get paid more than you would’ve otherwise. The problem with this strategy is that you risk missing out on huge gains if the market goes up while you’re waiting to sell. That said, if you’re patient, you can make a ton of money from Bitcoin.

The Cons of Bitcoin Investing

Bitcoin is a type of digital currency that allows people to send each other payments online without having to go through a financial institution. Because of this, there are many benefits to investing in Bitcoin. However, there are also risks involved.

One of the biggest risks is pump-and-dump scams. These fraudsters prey on naive investors looking to make quick cash. They target people who don’t know much about cryptocurrencies and tell them that they can make a fortune by purchasing Bitcoin. In reality, however, most of those people end up losing money because the price drops once the scammer sells his shares.

Another risk is that Bitcoin prices can fluctuate wildly. This makes it difficult to predict what the future holds for the market.

Lastly, some experts say that Bitcoin isn’t a secure way to store wealth. If hackers ever gain access to someone’s account, that person loses everything.

How to Invest in Bitcoin: Different Methods

Bitcoin isn’t just a currency; it’s a decentralized digital ledger system that records transactions across multiple computers around the world. Because of this, there are many different ways to invest in bitcoin. Some people buy bitcoins directly from exchanges, while others purchase stock in companies that use the technology behind the virtual currency. Still others invest in exchange traded funds (ETFs), which track specific cryptocurrencies or even entire markets.

Purchasing Standalone Bitcoin

Bitcoin is one of those assets that people love to hate. There are many reasons why some people don’t want to invest in Bitcoin — it’s too complicated, too risky, or just plain confusing. But there are plenty of ways to purchase Bitcoin without having to understand how blockchain technology works. One of the easiest ways to do this is via an app called Coinbase.

Coinbase offers investors the ability to purchase Bitcoin and other cryptocurrencies directly from within an app. Investors can choose to either deposit fiat money into their account or link bank accounts to the app. Once that’s done, you’re ready to start buying cryptocurrency.

The process couldn’t be easier. You simply select what type of cryptocurrency you’d like to purchase, enter the amount, and tap “Buy.” Then, you’ll receive your digital wallet address where you can send your newly purchased crypto.

Once you’ve sent your funds, you’ll see a confirmation screen showing you the transaction ID number. This is a unique identifier that lets you track the progress of the transaction. After the exchange completes, you can withdraw your funds to your bank account, credit card, or any other financial institution.

Greyscale’s Bitcoin Investment Trust (GBTC)

Bitcoin is one of the most exciting innovations since the Internet. But it’s also notoriously difficult to use — especially for those without technical knowledge. To address this problem, Greyscale is building a trust product designed to make investing in bitcoin easy for anyone. With GBTC, investors can buy shares of a publicly traded fund that tracks the price of BTC/USD. This allows ordinary folks to invest in something they understand.

Amplify Transformational Data Sharing ETF (BLOK)

The Amplify Transformational Data Share ETF is an exchange-trade fund traded on the stock markets. Investors may purchase shares of the fund on the secondary market and gain exposure to Bitcoin.

More specifically, BLOK is an active managed ETF that specializes in Blockchain technology.

That means fund managers constantly seek opportunities to invest in blockchain technology companies.

Therefore, anyone investing in BLOCK is invested in a basket or blockchain technology companies.

While BLOK may not give individual investors access to standalone Bitcoin investments, it does provide them with access to the companies that are using blockchain and its transformational technologies.

Bitwise 10 Private Index Fund (BITW)

An investor in the Bitwise 10 large cap crypto index fund is actually investing in the performance of the 10 largest cryptocurrencies on the market. This is important because there are many different types of digital currencies out there, including Bitcoin, Ethereum, Ripple, Litecoin, Monero, Dash, Stellar Lumens, NEO and IOTA.

The Bitwise 10 large cap cryptos index fund is designed to track the return of the 10 biggest digital currencies on the market, based on free float market capitalization. Because each asset is represented by one share in the fund, an investor buying shares in the fund is essentially buying into the performance of the entire group of 10 cryptocurrencies.

When the assets perform well, shareholders will see gains proportional to the number of shares they hold. However, if the assets underperform, shareholders will lose money.

Tips For Investing In Bitcoin

Bitcoin is one of the most exciting financial innovations of our time, and it’s easy to see why people are so excited about it. But there are many different ways to make money off of Bitcoin, and some of those methods might not be appropriate for every investor.

If you’re thinking about getting into Bitcoin, here are a few things to keep in mind:

1. You Should Be Willing To Take A Lot Of Risk

When buying Bitcoin, you’ll face a lot of volatility. Prices can skyrocket — sometimes dramatically — and you could lose a significant amount of money. Because of this, you should understand how much risk you’re willing to take.

2. Don’t Get Too Comfortable With Your Investment

You shouldn’t let your Bitcoin sit around without doing anything with it. While it’s true that Bitcoin prices tend to rise over time, they can also fall very quickly. So while you might think you’ve got a good idea what price you’d like to sell your Bitcoins at, it’s important to monitor what happens to the market and adjust accordingly.

3. Consider Other Options Before Getting Into Bitcoin

There are other options available to you besides just holding Bitcoin as an investment. If you want to diversify your portfolio, consider putting some money into stocks, bonds, commodities, real estate, or any other type of investment.

4. Keep Track Of What Happened To Your Money

It’s important to know where your money went when you buy Bitcoin. That way, you can ensure that you get your money back if the price drops too low.

5. Understand The Risks Involved

While Bitcoin has been growing in popularity, it hasn’t always been a safe bet. There have been several high-profile hacks and scams involving Bitcoin exchanges, which means that you need to do your research before jumping into the world of cryptocurrency.

6. Know How Much Time You Have Before Selling

One of the best parts of owning Bitcoin is being able to cash out whenever you want. But if you don’t plan ahead, you may find yourself stuck with a bunch of coins you no longer want.

7. Make Sure You Can Sell At Any Price

Some investors prefer to wait until their investments reach a certain price point before selling them. Others prefer to sell immediately after purchasing. Either approach works, but you need to be aware of what kind of risks you’re taking.

8. Think About Taxes When Buying Bitcoin

Depending on where you live, taxes can play a big role in whether you decide to purchase Bitcoin. If you’re planning on cashing out soon, you may want to avoid paying taxes on your profits. On the other hand, if you plan on keeping your Bitcoin long term, you’ll want to pay attention to tax laws.

9. Watch Out For Scams And Hacks

Bitcoin isn’t immune from fraud and hacking. In fact, it’s probably more vulnerable than traditional currencies because it’s decentralized. This means that hackers can access your account information without having to hack into a bank or exchange first.

10. Learn More About Cryptocurrency Investing

If you’re interested in learning more about investing in cryptocurrencies, there are plenty of resources available online. Read up on different types of trading strategies, learn about new ICOs (initial coin offerings), and read news stories about the industry.

11. Be Patient

The last thing you want to do is rush into a decision about whether or not to invest in Bitcoin. It takes time for things to develop, so it’s better to take your time and make sure you’re making the right choice.

12. Don’t Get Too Greedy

You should never try to make a profit off of Bitcoin by buying it only to sell it later at a higher price. Instead, focus on building a healthy balance between buying and selling.

13. Use A Decentralized Exchange

Decentralized exchanges like LocalBitcoins.com allow you to trade directly with people who are willing to sell Bitcoins to you. These sites aren’t regulated by governments or banks, so they offer an alternative option for those who want to avoid fees associated with centralized exchanges.

14. Consider Using Paper Wallets

Paper wallets let you store your private keys offline. They’re stored in a paper wallet rather than on a computer, mobile device, or server. This makes it harder for someone else to get access to your money.

15. Keep Your Wallet Safe

It’s important to keep your private key secure. That way, even if your hard drive crashes, your funds will still be protected.

16. Avoid Exchanges With Bad Reputations

There are many reputable cryptocurrency exchanges, but some have had bad reputations over the years. Some of these include Mt Gox, Bitfinex, and Poloniex.

17. Understand The Risks Of Trading Crypto

There are always risks involved when trading anything. Even though Bitcoin has been around since 2009, its value fluctuates quite frequently. As such, it’s important to understand how volatile this market can be before getting started.

18. Research Different Types Of Investments

Before deciding which type of investment you’d like to pursue, research all of them. You don’t want to pick something that doesn’t fit your needs.

19. Start Small

When you start investing, it’s best to start small. This helps you build confidence and gain experience as you go along.

20. Have Fun!

Investing in Bitcoin shouldn’t feel like work. If it does, then you’ll likely lose interest quickly. So enjoy yourself while you’re doing it!

Strategies For Investing In Bitcoin

Bitcoin is often compared to gold because it’s decentralized, digital, and scarce. But despite those attributes, it shares some fundamental characteristics with traditional investments.

In fact, the actual strategies that work best for investing in Bitcoin aren’t all that different from their equity counterparts. Investors may choose among three main strategies for investing in Bitcoin:

Buy and ‘Hodlr’ Bitcoin

Hold Bitcoin Long Term

Investment Timeframe

Buy and ‘Hodl’ Bitcoin

Bitcoin is one of the most volatile assets out there. This is why some people choose to invest in it while others choose to hodl. Hodling is a term used to describe holding onto something even though you know it might go down in value. In the case of Bitcoin, those who buy and hold it are called “buy and hodlers.”

According to Investopedia, “The idea behind buying and ‘hoding’ is simple: You purchase Bitcoins today knowing full well that the price could drop tomorrow. However, rather than sell off your coins once the price drops, you simply wait it out. When the price goes back up again, you’ll likely make a profit.”

Hold Bitcoin Long Term

vs “Hodl”: Investors See Different Futures for Cryptocurrency”

Bitcoin bulls see the cryptocurrency as a store of value, like gold, while others think it could become a medium of exchange. But regardless of whether you’re a hodler or a holder, there’s one thing everyone agrees on: Bitcoin needs to reach $10,000 again to be worth holding.

The latest round of Bitcoin volatility has caused some investors to question whether now is the best time to buy into the digital currency. While many people believe that Bitcoin will continue to rise in price, others say it’s too early to make such a big investment. Some investors even worry about losing money due to the recent drop in price.

But what do those who invest in Bitcoin for the long run think about the future of the cryptocurrency? In a survey conducted by CoinDesk Research, we asked participants how they feel about the current state of Bitcoin and where they think it will go next. Here’s what they had to say.

Trade Bitcoin On Short-Term Volatility

The cryptocurrency market has been incredibly volatile over the past few months, especially since December 2017. While some people are still holding onto Bitcoin, others are taking advantage of the wild price fluctuations to make money off of trading charts.

One of the most popular strategies is called swing trading. Swing trading involves identifying trends in the market and buying low and selling high. For example, if you notice that Bitcoin is steadily rising, you might buy up shares of the digital currency at $3,500 per coin and sell them for $4,000.

This works because you’re making money while the trend continues. However, there’s always a chance that prices could drop again, causing you to lose money. To avoid this, you’d have to keep reevaluating whether the trend is still valid.

Another way to trade Bitcoin is by analyzing its volatility. In general, the more volatile the market becomes, the better. When Bitcoin is down 20% from its peak value, that’s a good sign that the market is headed lower. Conversely, when Bitcoin is soaring 60%, that’s a great opportunity to jump into the market and profit.

Summary

Bitcoin is a popular type of currency that uses blockchain technology to connect buyers and sellers around the world. Unlike traditional currencies like dollars, bitcoins are decentralized, meaning there isn’t one central bank that controls supply. Instead, bitcoin transactions occur peer-to-peer without the involvement of financial institutions. This allows for instant payments worldwide, low transaction fees, and total privacy.

The price of a single coin fluctuates wildly, however, up to 20% per day. In addition, it takes several days to verify transactions and confirm new coins into circulation. As such, many investors prefer to hold onto their investments rather than sell immediately.

In this video, we’ll show you why Bitcoin is a good way to make money. We’ll cover some basic concepts about what cryptocurrencies are and how they work. Then we’ll dive into the pros and cons of purchasing Bitcoins directly versus buying shares of companies that produce goods using the power of blockchain technology.

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