Safe and Profitable Bitcoin Investment

Nafa Lightyani

Safe and Profitable Bitcoin Investment
Safe and Profitable Bitcoin Investment

Rancakmedia.com  – If you want to invest in Bitcoin, this is how to invest in Bitcoin safely and profitably, read this article until the end.

Bitcoin investment, which continues to increase, might be the best choice for those of you who want to invest in the digital world.

Many people have become interested in Bitcoin in a short time. There are also people in Indonesia who are worried about Bitcoin investment, apart from other countries.

In Indonesia, Bitcoin prices are greatly influenced by market conditions. For example, in 2013, Bitcoin was not yet widely known, so demand for Bitcoin was still relatively limited.

A less price per piece is the result of this. A substantial price increase, to $1.100 USD, occurred towards the end of 2013.

The annual growth rate of this investment exceeded 2000% in 2017. (20 times). This may be interesting, but it certainly demands a deeper understanding when playing Bitcoin investment.

Knowing Safe and Profitable Bitcoin Investments

You must learn how to invest in Bitcoin in a safe and beneficial way, especially for those who are just starting out, including the following:

1. Join Bitcoin

You need to make a decision about where to buy bitcoin. Bitcoin does not have an official company that expressly offers this crypto asset, because Bitcoin is an open source technology, but there are various alternative exchanges that allow Bitcoin transactions.

Just like investment banks, exchanges act as intermediaries for cryptocurrency transactions. To buy from a market, you first have to choose which market you want to buy from. These two possibilities are rather common:

Coinbase: A very popular crypto exchange that guarantees losses in the event of a security breach or fraudulent transfer.

For experienced investors and lenders, there is no better place to trade than Bitfinex, the oldest cryptocurrency exchange.

2. Get a Bitcoin Wallet

A digital wallet is where you store your coins after you buy them. “Hot wallets” and “cold wallets” are the two types of wallets available.

Cryptocurrency exchanges or wallets operated by service providers are referred to as “hot wallets.” Because you can access your coins online or through software, hot wallets are very convenient.

Cold wallets are the safest method for storing coins. A cold wallet is the actual hardware that stores coins, generally a portable device similar to a flash drive. The price of most cold wallets is between 60 – 100 US dollars.

3. Connect Bitcoin to Bank Account

We have to link the wallet to our bank account once we get it. you can now buy and trade coins easily. We can also connect our account directly to a cryptocurrency exchange account.

4. Start Shopping for Bitcoin

We will be able to buy Bitcoin after all three processes are completed. Some coins are worth hundreds of dollars, but exchanges usually allow you to buy fractions of a single coin. We can start investing with as little as $25.

Investing in Bitcoin is quite dangerous. Make sure to thoroughly evaluate your risk tolerance and check out our investment plan before purchasing any Bitcoin.

5. Manage Bitcoin Investments

After purchasing Bitcoin, you can use Bitcoin for online transactions or hold it for a certain period of time, in the hope that Bitcoin's value will grow.

Conclusion

Perform day trading by buying and selling coins with other Bitcoin holders, which can be done on cryptocurrency exchanges.

That's the article about Safe and Profitable Bitcoin Investment, hopefully the article above can be useful and help you in investing in Bitcoin.

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Nafa Lightyani

I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends.