By Ofir Beigel 2018 updated on January 2, at As a result I get about 2 emails a day from people around the world who are asking one very simple question: So when you want to invest in Bitcoin you are basically buying the currency.
Unstoppable Bitcoin Headed Back to $15,000?
However, there are also some other forms of investing in Bitcoin. What does it mean to invest in Bitcoin? In order to answer this question the first thing you need to answer is what do you mean when you say you want to invest 2018 Bitcoin.
Do you want to buy the currency in hopes invest will appreciate it value? Do you want to invest in Bitcoin related companies?
Are you looking to day trade with Bitcoins? If this is the case then 2018 need to decide for yourself if you think this is a good time to buy.
Meaning, do you think the price will continue to rise. A few pointers invest buying and holding Bitcoins: My personal recommendation is to use a hardware wallet to store your Bitcoins. Make sure to buy Bitcoins bitcoin from exchanges that 2018 proven their reputation. This way you average the price over the course of a whole invest.
Trading in Bitcoins Bitcoin trading is different than buying and 2018.
THE WALL STREET OF BITCOIN TRADING
Trading bitcoin requires knowledge and practice. The trading market is occupied by very large players who are just waiting for bitcoin to come in and throw their money away by trading aimlessly. Investing in Bitcoin mining Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large invest. This means you will need to get expensive mining equipment and hopefully have access to free electricity.
Some of you may have heard of all sorts of sites that bitcoin you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories: If you want to learn more about my take on cloud mining read this post.
What does it mean to invest in Bitcoin?
These sites can be categorized mostly as bitcoin or HYIPs high yield investment programs. What these sites usually do is they take money from people around the web and promise to give them good returns.
They will then start off by paying these returns through money they get from new sign ups and create a big buzz around the site. Usually they will also have some sort of referral program so that users can bring in their friends. No more payments will be made and a lot of people will get mad that they got scammed. I have reviewed many Bitcoin investment sites in the past 3 years e.