Is bitcoin worth investing in?

Yes it is advisable and the below article will give you insights as to why we should invest in Bitcoin.

Bitcoin and its Future Implications on Economy

Bitcoin is a digital addition to the currency that was created in 2009 by Satoshi Nakamoto. The Bitcoin eliminates the concept of middle men i.e. transactions are made without banks interference. One can transfer funds anonymously free of cost and the acceptance of bitcoin in the market has been rising with the gradual passing of days.

Bitcoins were introduced to buy merchandise, to make international payments, to make investments and do many more things anonymously. International payments are easy and cheap as bitcoins are not tied to any country or subject to regulation. Small businesses and medium enterprises are in favour of bitcoins as there are no credit card fees or any transaction charges involved. The recent trend shows a spike in individual buying of bitcoins as an option of investment only by looking into the graph of cost of a bitcoin which has increased in folds in the past 4 years. Few mediums of trading bitcoins are:

Buy Bitcoins on an Exchange
 There are several marketplaces which are called “Bitcoin Exchanges” that allow people to buy or sell bitcoins using different currencies. Mt. Gox is the largest bitcoin exchange and many others follow.

Transferring of Bitcoins
 There are mobile and computer applications which allow people to transfer bitcoins which resembles to the transfer of digital cash or currency.

Over the past few years, bitcoin has been gaining significant importance throughout the world and the highlight is that it has become the world’s leading cryptocurrency which ended 2015 as the year’s best-performing currency after gaining a staggering 35 percent across the 12 months. Every transaction of bitcoin is recorded in a public log but the names of buyers and sellers are never disclosed however their wallet identity is mentioned in the log. While this anonymity helps prevent the identity of the buyers and sellers at the same time the privilege of buying or selling anything without getting traced or tracked is also provided. That is people can buy or sell anything without revealing their own identity. That’s why it has become the currency of choice for people online buying drugs or other illicit activities. Few benefits of bitcoin are:

  • No freezing of money by third party
  • No taxes are to be paid for transactions
  • No tracking of payments or personal identity
  • No transaction costs while performing any transactions
  • Bitcoins can never be stolen

However, bitcoin has also gained some bad image as its association with crime such as money laundering and narcotics has created a different perception in the market. Most of the money laundering and narcotics are done through the online black-market. Some of the demerits of Bitcoins are:

  • People are not aware about the functionality of the cryptocurrency
  • The risk and volatility associated with the currency can never be estimated as there are no policies and framework to support any crisis.
  • Bitcoin is still in the initial phase and there will be further development which might restrict the facilities that are at offer now.

In one circular, issued in November 2013, it warned “the users, holders and traders of Virtual currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to”. The other hazards listed in the document included hacking, dramatic losses due to speculation, and financial disputes that could not be mediated by any third-party authority.

Despite the ban in several countries such as Russia, bitcoin seems to be doing brisk business in India and with bitcoin hitting fresh highs, recent high being $5,846 in the month of October 2017, speculations are there that the price of bitcoin is predicted to rise further in the next 12 months, causing a huge amount of unrest in the mindset of the central banking systems. In the global context the cryptocurrency circulation valuation stands more than the capital valuation of IBM and in future as predicted by the Guardian, the cryptocurrency market along with the addition of blockchain in the mainstream will value more than USD 300-400 billions of annual economic value by the year 2027.

The price of a single bitcoin surged from about $583 a year ago to the current price of above $5000, an increase of 1000 per cent. Its price in June 2013 was about $100. That’s again a phenomenal rise of 5,000 per cent. Bitcoin surpassed the price of gold, which hovers around the $1,200-mark. Data collected from over 100 cryptocurrency companies spread across 38 nations, which makes up for about 75 percent of the crypto-industry. The market size of bitcoin has reduced from 86% to 73% after the Chinese boycotted the use of cryptocurrency, yet the number of users is approaching the million figures.

In Indian, the number of bitcoin users stand at around 100,000 which is a not yet a match to the world financial powerhouses like USA and China. The number of bitcoins in circulations in India stands at around 400,000 which stamps a staggering market value of $500 million. In recent times several cryptocurrency players have popped up in the Indian market as well like Unocoin, Zebpay, BTCXIndia and Coinsecure. Among these Unocoin has bagged major tie ups with popular brands and generates 200-250 trades per day while offering several options to trade in.

To address this hovering issue, one solution that seems possible in every country is that the government should intervene and draft a framework along with amending the existing framework to carve restrictions on the use of cryptocurrency. The government along with the central banks should draft out policies to regulate the growing use of cryptocurrencies which will help in preventing the cases of money laundering and other black money dealings. Special regulations for the start-ups should be in place so that they restrict themselves from trading in bitcoins.

The current picture looks bright to the business world but when considered the banks and other central banking systems, the losses that are being incurred is huge and that in turn is affecting the whole economy. The turmoil is in reckoning in case the issue of cryptocurrency is not dealt with seriously.

19 Replies to “Is bitcoin worth investing in?”

  1. I would not purchase cryptocurrency if i were you. I would purchase the power to generate/mine any cryptocurrency by yourself. Just see my table down there how much profit investments can make you. Think twice.

    What is Bitcoin Cloud Mining and Bitcoin Lending?

    Cloud mining or cloud hashing enables users to purchase mining capacity that of hardware in data centres.

    So far there have only been 2 trusted companies around

    • Hashflare -<< BEST Offer >> Limited to 1 year per contract
    • There are also others around but only a very few are trusted like this one, below i added a picture from a different network.

    Some examples:

    1. $500 Investment can bring about $229.26 per month.
    2. $1,500 Investment can bring about $694.71 per month.
    3. $5,000 Investment can bring about $2,292.56 per month.
    4. $10,000 Investment can bring about $4,654.59 per month.
    5. $15,000 Investment can bring about $6,947.14 per month.

    You may join Hashflare at any time.

    Bitcoin cloud mining enables people to earn Bitcoins without bitcoin mining hardware, bitcoin mining software, electricity, bandwidth or other offline issues.

    Bitcoin cloud mining, sometimes called cloud hashing, enables users to buy the output of Bitcoin mining power from Bitcoin mining hardware placed in remote data centres.

    Then all Bitcoin mining is done remotely in the cloud. This enables the owners to not deal with any of the hassles usually encountered when mining bitcoins such as electricity, hosting issues, heat, installation or upkeep trouble.

    What are Bitcoin Cloud Mining Advantages?

    • No excess heat to deal with
    • Quiet because of no constantly humming fans
    • No electricity costs
    • No bitcoin mining equipment to sell when bitcoin mining is no longer profitable
    • No ventilation problems with hot equipment
    • No preordered bitcoin mining hardware that may not be delivered on time by bitcoin mining equipment suppliers

    What are Bitcoin Cloud Mining Disadvantages?

    • FRAUD!!!
    • Unverifiable or otherwise shady Bitcoin cloud mining operations
    • No fun! If you like building your own Bitcoin hashing systems.
    • Lower profits – Bitcoin cloud mining services or mining company will have expenses
    • Bitcoin mining contracts may have the ability to cease operations or payouts in the contracts if the Bitcoin price is too low
    • Lack of possession of the Bitcoin mining hardware
    • Lack of ability to change the Bitcoin mining software

    Best Bitcoin Cloud Hashing Services

    Being listed in this section is NOT an endorsement of these services and is to serve merely as a Bitcoin cloud mining comparison. There have been a tremendous amount of Bitcoin cloud mining scams.

    Hashflare Review: Hashflare offers SHA-256 mining contracts and more profitable SHA-256 coins can be mined while automatic payouts are still in BTC. Customers must purchase at least 10 GH/s.

    Best Bitcoin Cloud Mining Contracts and Comparisons

    Bitcoin cloud mining contracts are usually sold for bitcoins on a per hash basis for a particular period of time and there are several factors that impact Bitcoin cloud mining contract profitability with the primary factor being the Bitcoin price.

    For example, Pay per GHash/s would be 0.0012 BTC / GHs for a 24 month contract.

    Contracts vary from hourly to multiple years. The major factor that is unknown to both parties is the Bitcoin network difficulty and it drastically determines the profitability of the bitcoin cloud hashing contracts.

    Bitcoin network difficulty is a measure of how difficult it is to find a hash below a given target.

    The Bitcoin network has a global block difficulty. Valid blocks must have a hash below this target. Bitcoin mining pools also have a pool-specific share difficulty setting a lower limit for shares.

    The Bitcoin network difficulty changes roughly every two weeks or 2,016 blocks.

    There are all types of cloud mining options for other forms of blockchain technology.

    Best Litecoin Cloud Mining Services and Comparisons

    There are limited options for Litecoin cloud mining contracts. If nothing on the list below meets your needs, you can buy Bitcoin cloud mining contracts (listed above) and simply convert the bitcoins you earn to litecoin.

    Hashflare Review: Hashflare offers scrypt mining contracts with a minimum purchase of 1 MH/s.

    Bitcoin Cloud Services (BCS) Review: Appears to have been a $500,000 Ponzi scam fraud.

    Review: Based on user reports they appear to have halted payouts.

  2. POP.

    Look at this bubble popping.

    the lightest touch of an outside force and this once glorious little vision of rainbow water and soap — ceases to exist.

    Where did the bubble go? It popped and now it’s gone. No trace remains. It’s vanished. Can’t find it, can’t bring it back, certainly can’t re-inflate it.

    Is this about to happen to Bitcoin?

    Will the Bitcoin bubble pop and Bitcoin will cease to exist? Will it be no more?

    I discuss this deeply in my book: Bitcoin vs the 2018 Recession. But for now let’s take a quick look at the answer:

    If bubbles pop and cease to exist — why did we call the Dot-com era a ‘bubble’? When it popped did we stop using the internet? Was the internet gone forever? Or the 2008 mortgage crisis — why did we call it the ‘housing bubble’? When it popped did we stop living in houses? Forever?

    I take issue with the term ‘Bitcoin bubble.’ It causes panic. It implies Bitcoin may ‘pop’ and cease to exist — forever. This fear paralyzes the mind. You see your hard earned money popping — vanishing in an instant — and all further thinking instantly stops. The visual is so simple, so powerful, we accept it as true. But what if it’s false? What if Bitcoin isn’t a bubble? What if Bitcoin is something else — and our minds are too paralyzed to see it?

    To illustrate imagine yourself as a hard working farmer in some dusty little village sleeping on the far flung outskirts of civilization. Each month you go to your village’s market. You trade bushels of wheat for shoes, for nails, for little sweets for your kids. Each trade is unique and the value of your wheat for your neighbors cows is always fluctuating based on crops, seasons and needs. That’s how you’ve always done it. That’s how your grandfather’s grandfather did it — and as far as you’re concerned that’s how your grandchildren’s grandchildren will do it. Then one day a merchant arrives.

    This merchant hails from a “city” — a place you’ve never been to but know from tall tales and strange stories. The stories paint a picture of squalor, rampant violence, brothels, and drugs. Naturally you eye this merchant with a healthy dose of suspicion. Your suspicion doubles as he approaches you.

    “I’d like to buy your entire harvest of wheat,” he says, a foreign twang to his tongue.

    “I see,” you say, eyeing the merchant and his completely empty wagon. “And what do you offer in trade?”

    “Trade?” he repeats apologetically. “No no, my good man. I will buy it from you — with these.” At that he pulls a leather sack from his satchel. Onto his palm he pours shiny round bits of metal. Each bit is stamped with the profile of the monarch or king or whoever it is that claims to rule your lands — though you’ve never seen this king in person, just the wars he’s caused.

    “Excuse me?” you say, blinking in disbelief. “I’ve worked quite hard for this harvest, thank you very much. I won’t be trading my year’s work for shiny bits and baubles.”

    “They’re called ‘coins’,” he replies patiently. “When you go to the city you trade them for food, drink, pleasurable company, anything your heart desires. Soon enough you and your neighbors will be using them to trade between yourselves!”

    The words ‘soon enough’ sound like a threat to you, your neighbors, and the way you’ve all been conducting business for centuries. A stout group of yeomen promptly run the merchant out of town — with a proper coating of tar and feathers for good measure.

    And that’s how money started — more or less. It had a rocky road. People feared money. They feared putting trust in it. What if they slaved all year long raising their cattle and chucking their wheat — then traded it for round metal disks — only to go to a city and find the metal wasn’t accepted for anything.

    Bitcoin sits in a similar predicament. It comes from the internet, a place of both tremendous civilization and harmful vice. It’s associated with tall tales of drug lords and strange stories of hitmen-for-hire. The merchants peddling it are often ‘foreigners’ — geeks and nerds who speak with strange words like ‘decentralization, hashpower, nodes, DDoS, and HODL.’ And then they try to convince you to accept this ‘magic internet money’ created by a king — Satoshi Nakamoto — who you’ve never seen. No wonder you’re skeptical.

    Bitcoin hasn’t gained trust yet. It’s still exotic, strange, and fairly difficult to wrap your head around. But dispelling these misconceptions is only a matter of time.

    Bitcoin will gain trust.

    Perhaps when we start thinking we’ll push past the paralysis of thinking Bitcoin is a bubble. Perhaps then we will see Bitcoin for what it truly is: not a bubble — but a new Boom. Like the industrial boom. Like the tech boom. Bitcoin is the beginning of the financial boom.

    That is not to say we have rosy cheeks and sunny skies ahead. Each revolution has its sensational successes with equally miserable depressions. The industrial revolution contributed to wars just as much as it contributed to global progress. The tech revolution caused trillions of dollars of economic loss just as much as it ushered in a fantastic digital world. Bitcoin likewise has many more hurdles to jump. Prices will skyrocket and sink and climb and fall. New financial innovations will allow anyone with a smartphone to be their own bank, lender, creditor — while traditional banks may collapse. Trust will fluctuate with alarming volatility.

    But make no mistake. Bitcoin is not a bubble. It will not pop and cease to exist. Instead it will be a new boom. A financial revolution.


    Enjoyed reading? You’ll enjoy my book: Bitcoin Vs. The 2018 Recession (Available in paperback and Kindle) Amazon.com: Bitcoin vs. The 2018 Recession eBook: R.R. Hauxley: Kindle Store

    If you're new and want to buy a little Bitcoin, Bitcoin Cash, Ethereum, or Litecoin — here is my personal referral link: Invite friends and get free bitcoin – Coinbase

  3. Instead of looking for mining equip, I would look for cryptomining websites.

    I have looked for the best and cheapest options and I will give you my opinion about it. All I can say is – it’s very profitable!

    Join hashflare if you want to get into cloud mining investing today!

    Cloud mining is very profitable and i highly suggest it everyone doing so. I do cloud investing since 1 1/2 years now, on many platforms. Mainly I use Hash Flare because it has given me the greatest returns for my deposits. On my 2 Bitcoin investment I get roughly about 0.4 BTC/month and I don’t have to hold onto them forever like on many other platforms! I choose the standard duration of 1 year and I get the results directly into my wallet!

    The results for my investments are great. Below you can find a list of it. They have 3–4 different contracts you can choose from right now. You can look at the page of this trader for example. If you were invested in any year avg:

    Some examples:

    1. $500 Investment can bring about $229.26 per month.
    2. $1,500 Investment can bring about $694.71 per month.
    3. $5,000 Investment can bring about $2,292.56 per month.
    4. $10,000 Investment can bring about $4,654.59 per month.
    5. $15,000 Investment can bring about $6,947.14 per month.

    You have to substract the investment amount from it to get the real results, because they count your deposit as well, just minus it from the number above.

    It means like you invest $15,000 it would need you somewhere 2 months and xx days to earn the money back. After that, its all profit for 1 whole year.

    December is a very special month for me. I have made alot of bitcoins online and anyone else can do it too!

    If I just get 30–40% every month, I am happy with that. Who wouldn’t?

    Friends & Affiliate Commissions:

    You can recommend and invite friends also. You will receive an easy 10% for the whole amount your friends or clients will make. This only has pro’s and no con’s. Since you can referr friends and then invest so you wont have to make an

    Think about it. It does not sound like much, but it is. If you have a friend that just invests 1 Bitcoin, you instantly get 0.10 Bitcoin. Your friend probably earns much more % on his 1 Bitcoin, depending on the contract he choosed.

  4. The current market cap of BTC is around $200 Billion. Even if BTC market cap were to rise to a mind boggling $2 Trillion, you would have only 10xd your investment. Hence I would not encourage anyone to invest in BTC (Bitcoin) at this point in time.

    Honestly in my opinion, 2018 is going to be the year of ALT COINS and 1 such Alt Coin that I am betting 75% of my crypto money on is Nebulas (NAS).

    Why Nebulas (NAS) :

    1. Well for starters, it is its own blockchain. This is the most misunderstood factor Im coming across. Nebulas is a 3rd generation block chain, similar to a Cardano or NEO, hence why the CEO left NEO to start Nebulas. It is very scalable, similar to the Cardano idea.
    2. It is adaptable. You can adapt code in the future to avoid the need to hard fork the tech if their is a problem that arrises during scaling. Think how large bitcoin's market share would be if it did not fork several times into bitcoin cash, bitcoin platinum, and so forth. It also allows you to adapt code on other platforms based off of Nebulas. So if you had an erc20(ethereum platform) built on Nebulas, you would be able to adapt the code in the future to avoid the same problem. I see this leading to mass adoption from other platforms.
    3. It makes the blockchain searchable. I know everyone keeps saying "like google," but the reference is more to show that the relationships between blockchains, developers, and users. With Nebulas, the blockchain will be measured to determine ranks for ease of use as well as the strength of the community behind it. At the current moment you cant even search the blockchain. With Nebulas you could not only search it, but you would be able to weed out the less developed blockchains and join ones that have strong communities.
    4. It rewards developers. This means if you develop on Nebulas, you get PROOF OF WORK(PoW). Developers will prefer to work on nebulas not only because of its capabilities and tech, but because they will be rewarded with tokens. Everyone likes to get paid for doing things they already do.
    5. It has master nodes rewards. Now this may not be for everyone, but as an early investor, I hope to receive master node rewards. That means they will pay me a percentage to merely hold my Nebulas in my wallet. Something a lot of large traders are looking for. If this project grows like I think it will, I wont be selling my Nebulas at all. But the fact they will pay me to hold it, means I will be even more motivated to hold. What does this mean for the market cap? Well, it means larger traders/funds will be less likely to day trade and as the market fluctuates, Nebulas may have less fluctuation than most coins, creating a safer investments for large funds and investors to hold their money during market corrections.

    Lastly, they have already launched their testnet and will launch their mainnet (an actual working product) by March. That means they will be the first gen-3 on the blockchain. They will get first mover advantage, mass adaption, and most likely become a top 5 coin by market cap. So to go back to the original question, "why isn't anyone talking about them?" Well I think the team is more worried about being the first to market and flying a little under the radar, than they are marketing the project. The implications of being the first gen-3 to the market will be more than enough to launch them to the too of the crypto market. On top of that, they are not on binance, bitrex, or gdax. This leads to less awareness and trading as well. I hate to be lame, but everyone knows talk is cheap and you always watch out for the quiet ones.

    I hope this helps everyone. Also feel free to correct me if I read something wrong or anyone has any input to add. For now, Nebulas is my largest position in crypto and I will be adding to the stack as much as I can.

  5. Well there are risks, but I am making HUGE money by just BUY and HOLD for years.

    Bitcoin surged through $11,000 less than 24 hours after topping $10,000

    There is alot of investor interest in bitcoin around the Thanksgiving holiday and the U.S. launch of the world's largest bitcoin exchange by trading volume, Tokyo-based bitFlyer.

    Digital currency ethereum also hit a record high Wednesday of $519.85.

    This is a volatile wold, but buying dips is a good practise if you are going to get into BTC and the BTC WOLD of investing.

    There will be wild swings coming.

    Remember Parabolic rallies are inherently unsustainable, otherwise bitcoin's value would surpass all the wealth of the world within a few years, pace of the rally is unsustainable and there will inevitably be corrections and crashes over time so you must be aware of that, but over time this might be a darling investment.

    Since bitcoin's market capitalization is less than $200 billion, I must point out the digital currency could rise dramatically if it draws even a tiny fraction of the world's $200 trillion in traditional financial market assets.

    All told, it's been an exponential ascent from 6 cents seven years ago and less than $1,000 at the start of this year. We have never seen anything like this.

    Bitcoin jumped above $9,000 over the weekend — just about a week after topping $8,000 — as about 300,000 users joined Coinbase, the leading U.S. platform for buying and selling bitcoin, around the Thanksgiving holiday.

    I see people posting all over quora, but they are missing the fact that people are joining coinbase, and searching google “how to buy bitcoin with my credit card”

    So demand is increasing for the average joe and from wall st.

    "We are experienc[ing] all-time high traffic at the moment," Coinbase's director of communications, David Farmer, said in an email Wednesday. This is huge news, and I can tell you most of the global population have not caught on yet.

    U.S. dollar-bitcoin trading volume only made up about 21 percent of the total Wednesday, according to CryptoCompare. Japanese yen trading in bitcoin dominates at about 64 percent, while trading in South Korean won accounts for about 8 percent, according to CryptoCompare. Asia is going nuts over BITCOIN. That will not change.

    Eventually I will make a prediction that is going to really be a global phenomenon, not just a U.S. phenomenon … which probably pulls the [bitcoin] price higher over time, but do not expect it to make you fast money. You must be patient. Buying and holding over time has made me Hundreds of thousands of dollars.

    In another move toward establishing bitcoin's legitimacy as an asset class, the world's largest futures exchange, CME, is planning to launch bitcoin futures in the second week of December. So that will make thing interesting, I was expecting wall st to adopt this asset in 2020, but they are doing it in 2017. WOW!

    If you think this is just a fad, you might want to do some research. This crypto currency trend "is going to be the biggest bubble of our lifetimes by a longshot." and it is not going anywhere.

    Most Wall st traders are calling this digital currency a "fraud" and BlackRock CEO Larry Fink has said bitcoin is an "index of money laundering." yet they all are getting involved at the same time!! Well is that an oxy-moron if I had ever heard one.

  6. The quick answer for your question from my point of view is : yes.I believe the price of Bitcoin will continue to rise because of the recent popularity of the Blockchain and cryptocurrencies. There’s a lot of cryptocurrencies being launched and actually backed by investors with a lot of money.

    If you are interested in making serious money while investing in Bitcoin, click here, this is the best guide available for you at the moment.

    The Current Situation

    If you look at the current situation of the Bitcoin, it is currently going bad. The price recently crashed. Its coin market capitalisation is now hovering around the $190billion mark, which is far below its December peak of nearly $335billion.This latest rocky patch for bitcoin is thought to have been triggered by rumours that the Tether cryptocurrency has been artificially raising its value.

    Owned by trading company Bitfinex, Tether has been criticised by financial bloggers who claim it has been plucked from thin air to boost the value of bitcoin.

    Another reason for bitcoin’s woes could be a spate of recent hacks and threats from a number of governments that crypto trading could soon be heavily regulated. You shouldn’t worry about this because there’s no way for governments to stop Bitcoin.

    The Future of Bitcoin

    The future of Bitcoin is currently bright, there’s no other way. The price is currently recovering from the recent crash. I personally didn’t even sell any of my Bitcoin during that crash because I believe it’s value will slowly grow to 25,000$ over 2018.

    Like I said earlier, cryptocurrencies are mainstream. Even your grandmother has probably seen an advertisement for an alt-coin like Tether or Etherum. ICOs are getting launched left and right.Every time Bitcoin crashed, it recovered. It will keep doing this while cryptocurrencies are getting even more popular. Every time Bitcoin crashes, it gets news time, so people are interested in investing in it.

    The Price of Bitcoin

    Without people to use Bitcoin as a currency, Bitcoin wouldn’t serve any purpose as currency. When people pay for things with Bitcoin, they are adding to its credibility and showing the world that there are people who would like to use Bitcoin to pay for things.

    Bitcoin mining is what makes Bitcoin transactions possible. The more miners, the more secure the network as long as no one owns 51% or more of the network. A 51% attack is possible when one entity owns at least 51% of the mining power on the network. This is impossible to happen since so many new miners appear every day

    .The Bitcoin price factor of the news is that it provides articles where people will buy or sell Bitcoin depending on it’s content, sending its value higher or lower accordingly.

    When a trader sells Bitcoin on an exchange, but at a very low amount, the price usually will not change, or will change very little. If a trader is a whale, that is, someone with a large number of Bitcoins around 1,000+ BTC, the price of a bitcoin will go down due to his large sale.The number one thing that influences the value of a Bitcoin is how much someone is willing to pay for one Bitcoin, of course.

    When you place an order on an exchange in order to buy Bitcoin, you decide what the value of a Bitcoin is to you. The more people who are willing to buy Bitcoins, the greater the chance for an increase in the overall value of a Bitcoin. Sellers sell to the highest bid price first, so whoever is the highest bidder at the moment, is the one who decides the value of a Bitcoin at the moment.

    Conclusion

    You should really invest in Bitcoin right now, if you miss the boat, you will buy-in at the top of the bubble and when it will burst, you will loose all your money. I have made a lot of money over the years by simply making simple trades. I would buy at the bottom of a crash then I just held the bitcoin I had and now, I have over 7 millions.

  7. Usually people say that it’s way too late to invest into crypto and specifically Bitcoin. But then, it’s really never too late.

    Especially right now, when we’re at the dip of Bitcoin price, we can only expand our crypto portfolios, not sell them or say that it’s all going down.

    It’s not anyones’ place to tell you where to put your money, apart from yourself, really. You need to do your research, look though the analytics and what their opinions are and then form your own. It should be based on a whole tendency with crypto (being quite unstable and with ups/downs), different opinions and your understanding on how those thing work.

    For 2018 it was a prediction that it’s going to be $40K: Novogratz: Rubbishes Bitcoin Bubble, $40,000 In December 2018

    The most recent ones are claiming that 2018 is going to be a good year for Bitcoin:

    Bitcoin Boasting Strong Recovery After Post-Dip Volatility

    2018 Prediction: TenX Co-Founder Sees More Shocking Highs And Lows For Bitcoin

    Bitcoin Destined For $28,000 In 2018 – Moas

    You can look at price points of different currencies (it’s not a must to invest strictly into Bitcoin). Then just do your research on how it works, what is Bitcoin and Blockchain and decide if you really believe this is going to be your thing.

    Be safe and smart about it.

    10 Bitcoin Winners and Losers of 2017

    The Highs and Lows of Cryptocurrency Investing

  8. I just received a Whatsapp message from my sis-in-law’s brother.

    • He has absolutely no idea about financial markets.
    • He works in some apparel company. Never owned a single share of any company.
    • Hell, he doesn’t even have a brokerage/trading account.
    • Probably won’t even know how to open one.

    **Here’s the conversation (slightly modified). But the gist is here. **

    He: Is it safe to invest in digital currencies like Bitcoin or Ripple?

    Me (amused and thinking that the mania is catching-up wildly): Bitcoin is extremely risky to get in now. I have no idea about Ripple

    He: Ripple is a digital currency and its price is expected to go up

    Me: Ok. Thanks for telling me. But if you do ‘invest’, do not put a big amount. Just take it as a small play

    He: Thanks bro

    Me: 😐


    That’s it. This is the whole narrative of people: “The price is expected to go up”

    Be careful. The times look ripe for a healthy crash!

    Simran Jeet Singh

  9. Is Bitcoin worth Investing in?

    Disclaimer– the contents of this article do not represent professional advice whether to buy or sell Bitcoins, kindly do your own research and form own hypotheses prior to buying or selling any cryptocurrency.

    Bitcoin is one of the greatest technological breakthroughs since the Internet. It also has been called “a black hole” into which a consumer’s money could just disappear. In 2009, 1 Bitcoin was 0.08 $ and now it is 9025 $. The growth was massive in 2017 as Bitcoin prices hiked to $20,000 per coin and many investors did cash out their stakes, resulting to high profits. But, as the year came to an end Bitcoin prices started to plunge, The price of Bitcoin has plunged by almost half since the beginning of January in a ‘bloodbath’ which has seen the total value of the market plummet by about £31 billion. Now it’s been claimed that the huge price rises of last year may have been artificially ‘propped up’ by a cryptocurrency firm.

    In December 2017, Bitcoin reached a historic high of almost $20,000 before slumping to its current value of roughly $9,025.

    So, the question is whether Bitcoin is worth investing in anymore?

    Let us go through a few facts in this article.

    2017, started with a bang as Bitcoin shot through the $1000; with no signs of slowing down Bitcoin is not a company or a stock, it’s a currency. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

    What does investing in Bitcoin mean?

    Investing in Bitcoin simply means to buy the currency in hopes that it will appreciate in value. Moreover, there are more than one ways of investing, you can invest in Bitcoin related companies or trade with Bitcoins.

    ·

    Buying and holding Bitcoins- The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also known as “holding”), if this is the case then you 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. Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and; come to a conclusion.

    Ø

    Never invest more than you are willing to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.

    Ø

    After buying Bitcoins make sure to move them into your own personal wallet and never leave them at the exchange.

    Ø

    Use a Bitcoin wallet that uses a physical piece of hardware in order to operate and keep it more secure. Examples of hardware wallets are TREZOR and Ledger Wallet. A hardware wallet is usually more secure since it's considered to be a form of cold storage to store your Bitcoins. If you can’t afford a hardware wallet, try -secure-Bitcoin-paper-wallet, a type of physical Bitcoin wallet. Instead of keeping the private keys on a piece of hardware, it is written down on a piece of paper.

    Ø

    Make sure to buy Bitcoins only from best-Bitcoin-exchanges, exchanges that have proven their reputation Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a fixed amount every month, week or even day throughout the year. This way you average the price over the course of a whole year.

    ·

    Trading in Bitcoins- Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively trying to buy Bitcoins at a low price and sell them back at a higher price in relatively short time interval. Trading successfully requires trading-Bitcoins knowledge and practice. The trading market is occupied by very large players who are just waiting for newbies 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. Mining Bitcoin is only profitable if done at large scales. This means you will need to get best-Bitcoin-miners and hopefully have access to free electricity. Some of you may have heard of all sorts of sites that allow you to mine Bitcoins through them. This is known as cloud mining. Some websites may be scams and may run away with your invested money, so do good research on them.

    HYIPs (High Yield Investment Programs)

    Some sites or companies that claim to double your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of complex and obscure scheme. These sites can be categorized mostly as scams 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. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

    STAY AWAY FROM SITES THAT CLAIM THEY WILL DOUBLE YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM

    Conclusion

    It’s not just a matter of should you invest, but also a matter of how to invest. Start by doing research and creating hypothesis, learn about the currency, what affects it, what are its advantages and disadvantages, etc.

  10. Bitcoin is a great investment for a long term investor/hodler.

    HOWEVER

    If you have been waiting on the sidelines with fiat to purchase Bitcoin at the optimal time, I suggest you keep your finger off the trigger a little longer. This is a more technical answer as many others have done well to explain the positive fundamentals that underly Bitcoin and cryptocurrency as a whole.

    On to the technical analysis. (Valid for the week of January 22nd 2018)

    https://www.tradingview.com/x/9p… kB)

    Bitcoin seems to be breaking down out of a bear flag. If this breakdown continues I expect a measured move will send Bitcoin down to retest previous supports with an estimated bottom of 8k.

    Based on the technicals we see MACD about to cross bearish while also struggling to remain above the center line. Furthermore, RSI is very weak and is looking quite tired.

    However we still have not tested support of the 850 EMA. Currently at 8,965, this level should hold and effectively create a double bottom. If this occurs we can expect a massive bounce followed by a newfound bull run to test 13k and make our way back to 15k and beyond.

    Optimal Entry: 8.5k

    Likely Range: 8.9k – 10k

    Stop/Loss: 7.4k

    Resistance: 13k

    Target: 15k+

    Happy trading!

    If you enjoyed my answer and you too want to become a crypto expert, consider signing up for the Crypto Insiders Community! You can also find us on Slack here

    Disclaimer: I am not a financial adviser and don’t pretend to play one. Answers are not to be misconstrued as financial advice. Always do your own research and never invest more than you can afford to lose.

  11. I read below message on Internet, just sharing:

    *BITCOIN* How it works?

    A lot of monkeys lived near a village

    One day a merchggant came to the village to buy these monkeys!

    He announced that he will buy the monkeys @ $100 each.

    The villagers thought that this man is mad

    They thought how can somebody buy stray monkeys at $100 each?

    Still, some people caught some monkeys and gave it to this merchant and he gave $100 for each monkey.

    This news spread like wildfire and people caught monkeys and sold it to the merchant

    After a few days, the merchant announced that he will buy monkeys @ 200 each

    The lazy villagers also ran around to catch the remaining monkeys!

    They sold the remaining monkeys @ 200 each.

    Then the merchant announced that he will buy monkeys @ 500 each!

    The villagers start to lose sleep! … They caught six or seven monkeys, which was all that was left and got 500 each.

    The villagers were waiting anxiously for the next announcement

    Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @ 1000 each!

    He asked his employee to take care of the monkeys he bought. He was alone taking care of all the monkeys in a cage.

    The merchant went home.

    The villagers were very sad as there were no more monkeys left for them to sell it at $1000 each

    Then the employee told them that he will sell some monkeys @ 700 each secretly.

    This news spread like fire. Since the merchant buys monkey @ 1000 each, there is a 300 profit for each monkey.

    The next day, villagers made a queue near the monkey cage.

    The employee sold all the monkeys at 700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys!

    The villagers took care of their monkeys & waited for the merchant to return.

    But nobody came! … Then they ran to the employee…

    But he has already left too !

    The villagers then realised that they have bought the useless stray monkeys @ 700 each and unable to sell them!

    The Bitcoin will be the next monkey business

    It will make a lot of people bankrupt and a few people filthy rich in this monkey business.

    That' how it will work

  12. IS BITCOIN WORTH INVESTING IN?

    I think the right question is ‘IS THIS SCAMMY BITCOIN WORTH INVESTING IN?

    Before that,

    SEE HOW

    Back to the issue,

    You know,

    Most People that have openly criticized Bitcoin have bought their own HackProof Wallets and bought Some Bitcoin – (theirs to keep) in case the prediction of reaching $10,000 is leveled.

    But what does an average bitconer do?

    He is busy fighting against the same Mediocrity as always by asking, should I wait a little longer before I invest in Bitcoin?

    or when the price will come down..

    if you are in that race, then you need to see this –

    Let’s look at it this way.

    The surprising thing or say the funny thing is that out of hundreds if not thousands of Top Bitcoin exchanges making rounds in the world, people are buying this scammy digital currency without bound.

    Are they trying to be funny or they have nothing really to do with their money?

    Well, that is the question I keep asking myself as well.

    But going away from this positive truth we hold about bitcoin,

    A bitcoin enthusiast actually made a vital point I quote “the time will come where the financial system of the world is collapsing, where people are giving up faith in government, where the inflation rate is crazy”.

    Come to think of it. Not long ago, the inflation rate of Japan shown a negative prime while that of the United States showed a positive .5 national interest rate percent.

    Could it be there is a little truth or viability in this scammy coin?

    Away from that, let me affirm that 1 bitcoin may be sold at the rate of $17,000 in 2015.

    If you have not seen this, then you need it now. see image under.

    To answer your question analytically,

    The answer is : When are you going to buy at 1 Bitcoin?

    I mean yours to keep?

    Some times I wonder why we feel reluctant to lose sight of the sore, beat negligence, comfort zone, and take a risk that can change our selves.

    Ok,

    I know you have read that Bitcoin is a bubble, scam, scaler quantity and any name to qualify it and you have concluded to play safe.

    Here is the big deal,

    Since 2016 to 2017 presently, how much have WE lost through investing in ungrounded platforms like PONZI, CASSINO, LOSSEN HEADED TRADING, FLOYD MAYWEATHER FIGHT BETTING and so much more?

    Let’s say it is $500 – just to keep it simple.

    Imaging if you had invested $500 last year when bitcoin was selling at $560,

    what you have been you gain today?

    I will leave you to do the calculation, but see a quick view

    $500 : $4600 = $4100 untouched – more than Bear money right?

    I Believe with those words of mine, I have been able to motivate you?

    If yes, what must you do to be saved?

    Well said, Join the Bitcoin millionaire community and regard your self as one because that is what you are if you decide to fear the fear and do it anyway!.

    I hope my words made sense.

    Even though IT does not, don’t believe me, just join the Millionaire De Bitcoin Community, after all, what do you have to lose if you decide to buy $500 Bitcoin now and sell it off in 20 days’ time, you will still make profit, hope you see the big picture?

    So, you now see, it is a WIN-WIN combat.

    MAY I TAKE A BOW HERE.

    Alas! To you success.

    QUICK UPDATE :

    PEOPLE ARE ASKING HOW TO INVEST IN CRYTOCURRENCY – BITCOIN,

    Let me answer it with a quick hack below.

    Ge full access

    If this makes sense to you, then you can upvote still. Thanks.

    Isuamfon Offiong is Value Placed Contributor @ Bizdynamicx & also on Quora. He esteems his readers on these topics: How-to-Productivity, Cryptocurrency, Small Business and Income Ritual.

  13. Before investing in anything, you should understand what it is & how it works—most people have no idea what Bitcoin actually is. So let’s answer that question first.

    What is Bitcoin?

    Bitcoin bills itself as a true digital currency, a medium of exchange with which people from around the world can buy and sell things—without the pesky, and sometimes expensive, mediation of banks. Its primary selling points are twofold:

    1. The very nature of Blockchain technology ensures that Bitcoins can never be counterfeited, hacked, or stolen.

    2. Bitcoins cannot be “printed” arbitrarily by a central bank like US Dollars or British Pound Sterling can, and it is therefore immune to the inflationary crises that plague fiat currencies. Furthermore, the number of Bitcoins that can ever be generated (by “mining” them using computing power) is finite—there is a maximum number of Bitcoins.

    There are a number of other features which are touched on in the below video on Bitcoins. It’s short and worth the watch:

    Essentially, Bitcoin works like digital gold: it can be used to settle debts, and it has a finite limit. But Bitcoin differs from gold in one key respect: it has no intrinsic value.

    Bitcoin as an Investment

    Bitcoin isn’t a currency, and hasn’t been one since 2014 when the Internal Revenue Service deemed Bitcoin to be an asset rather than a currency with Notice 2014-21.

    Ergo, every time a Bitcoin changes hands a capital gains disposition is triggered for US tax purposes—the same thing happens whenever someone sells a stock or a house. This means that Bitcoin (in the US at least) cannot function as a currency. Bitcoin is an asset.

    Many people don’t know this, and they will be sorely disappointed when the Internal Revenue Service audits them. And those that do know are now bidding up Bitcoin’s price with the intention of flipping it for a profit, as they would any other non-yielding asset.

    For this reason, Bitcoin should be thought of not as a store of value, but as a speculative asset, like a house or a lump of gold—its price is therefore subject to the whims of traders.

    So, don’t buy Bitcoin unless you can stomach a potential loss, and have a steady hand to avoid panic selling. Likewise, don’t buy at the heights of market euphoria—only jump in when people are scared.

    You can read more in this article:

    Bitcoin Is A Speculative Asset, Not A Currency—This Explains The Volatility

  14. Yes it is worth investing in bitcoin.

    But the real question now is how to buy bitcoin and invest your hard earned money for some triple benefit?

    Talking about the best place to buy Bitcoins and not including CEX.IO just can’t happen. Being one of the oldest Bitcoin exchange platforms in the industry, it has built up quite the reputation for itself.

    a). Privacy

    As already stated, most Bitcoin exchanges require some kind of verification these days in order to prevent money –laundering and fraud transactions.

    So ultimate privacy is somewhat of a rare delicacy. But as its universal, there’s no one single platform you can blame or count this as a “negative factor”.

    CEX.IO too requires identity verification via a national Identity card as well as they might ask for a picture of the credit/debit card which you use for your transactions.

    b). Fee

    There are two kind of fee and you need to pay just one of them based on the type of purchase you’ve made.

    CEX.IO has a pre-embedded fee of 7% which you need to pay if you buy Bitcoins directly from the CEX.IO official treasury. That 7% fee is the only fee required when buying Bitcoins from Bitcoin Exchange, Trading BTC USD, BTC EUR – CEX.IO

    While if you’re trading and buying Bitcoins from other traders, you’re charged 3.5%+0.25% if you deposit the trading amount via a VISA card.

    Although bank transfers, as you can see are free while Bank-withdrawals are charged at $50/transaction.

    And if you’re the “Taker” of the trade there’s an extra 0.2% fee you need to pay CEX.IO for making the trade happen.

    Bottomline, the fee is acceptable considering the professionalism and ease of buying Bitcoins you get with CEX.IO and hence it has earned its place as one of the best place to buy Bitcoins.

    c). Mode of Payment

    If “payment method” was the only factor I had to consider, I’d definitely place CEX.IO right next to LocalBitcoins.

    It supports a wide-range of payment methods, including the most common ones used in daily lives:-

    • Bank Transfer
    • Credit Card
    • Debit Card
    • SEPA
    • As well as Crypto Capital for some currencies.

    d). Speed

    The Bitcoins arrive instantly in your CEX.IO account. The same can be said for when you transfer them to a personalized wallet. Obviously all the platforms on this list offer instant deliverability or else they wouldn’t be on this list on “ best place to buy Bitcoins .”

    e). Buying Limits

    The buying limits on CEX.IO are influenced by your “verification level”. The better verified your profile is, the more coins you can spend or buy.

    There are four verification levels, and limits associated with them are:-

    • Basic – Daily limit $500, monthly $2000.
    • Verified – Daily limit $10,000 monthly $10,0000
    • Verified Plus – Unlimited
    • Verified Corporate – Unlimited

    The “Withdrawal” limits are the same as deposit limits on CEX.IO

    If you’re a bulk buyer, in that case unrestricted buying limits are exactly what you need. And it’s one of the reasons which convinced me of CEX.IO clearly being one of the best place to buy Bitcoins.

  15. No, Bitcoin is not worth investing in. It used to be a good investment – see my previous answer:

    Eric Nelson's answer to Is Bitcoin worth investing in as of December 18, 2013?

    The bitcoin development community has destroyed the utility of Bitcoin by limiting block size, which means slow expensive transactions. It is only a matter of time until Bitcoin loses the #1 spot in crypto market capitalization.

    Also there are existential threats to Bitcoin. Bitcoin does not have the ability to gracefully handle a large drop in hashpower – which could happen if China shuts down miners or the coming Segwit2x hard fork results in an even 50/50 hashpower split.

    For example – if the Chinese government shuts down the mining operations resident in China that will be a sudden loss of 60% of the Bitcoin hashpower. Bitcoin would drop from 6 blocks per hour to 2 blocks per hour for six weeks or so. A loss of that much transaction processing capability would probably be enough to knock Bitcoin out of the #1 spot, and the only advantage that Bitcoin has over Ethereum or other altcoins is market cap.

    I would not own Bitcoin at this time (Sept 24/2017) – and instead would buy Bitcoin Cash, Ethereum, Monero and ARK crypto currencies.

  16. Original question: Is Bitcoin a good investment now?

    So let’s see what the situation right now is.

    Now that SegWit2X was cancelled and all the plans for the November fork were stopped, Bitcoin lost over $800 within 30 minutes:

    However, it recovered some of the losses.

    People were investing too much in Bitcoin these days because they were hoping to get free B2X coins after the hard fork happens in the region of next week.

    But, a few hours ago, SegWit2x was suspended, which means there will be no B2X and no-one will get the corresponded amount of B2X coins – the fork will not take place:

    As fees rise on the blockchain, we believe it will eventually become obvious that on-chain capacity increases are necessary. When that happens, we hope the community will come together and find a solution, possibly with a blocksize increase. Until then, we are suspending our plans for the upcoming 2MB upgrade.

    [Bitcoin-segwit2x] Segwit2x Final Steps

    …says the message signed by people behind SegWit2X.

    So, what will happen with Bitcoin?

    Well, it would be great to see its price drop for a few days, so that you could have great entry point for BUY. Anyway, even in these conditions, Bitcoin is a good long-term investment at any time, because it is expected to break the $10,000 and even $20,000 levels in the coming months-years.

    Bitcoin is a good investment for those who are not afraid of volatility and of losing their money.

    Those who invest in Bitcoin for the long-term are winners if they know when to leave the market. The ones who need consolation now are those who invested in SegWit2x futures…on November 3 they had to pay over $2500 per unit, and today the price collapsed below $190, and it will end even lower.

    For Bitcoin investors, the long bearish trends should anticipate good market entries:

    For short-term traders, Bitcoin might never be a good investment.

    In the coming years, it will still go higher, so yes – it’s a good investment in the long-term.

    Hope this helps!

  17. Is bitcoin worth investing in? why invest in bitcoin?

    Earlier this year the U.S. Securities and Exchange Commission rejected a bid by Tyler and Cameron Winklevoss, the twins infamous for claiming that Mark Zuckerberg stole the idea of Facebook from them while they were undergrads at Harvard, to launch a bitcoin-based ETF (exchange-traded fund). The decision from the SEC came nearly four years after they filed for regulatory approval. In the immediate aftermath of this news, the price of bitcoins, which had nearly tripled over the last year, significantly dropped to less than $1,000.

    Although other bitcoin-based ETFs are awaiting approval, and this decision did not directly affect their status, the wording of the SEC ruling did not initially appear to bode well for the prospects of bitcoin-based exchanges anytime soon.

    The SEC determined that the proposed bitcoin ETF failed to meet these standards because the markets for bitcoins were unregulated. Of course, the primary problem for future bitcoin-based ETFs is that by their very nature, bitcoins will always trade on an unregulated market. It was surprising then, when just a couple of months later on April 24th, the SEC agreed to review its decision on the creation of a bitcoin ETF. In the four months since the SEC's decision to review its earlier rejection, bitcoin prices have rallied an amazing 163

    What is bitcoin?

    Bitcoin is a digital payment system with no intermediaries or banks; it was invented by a person or group using the alias Satoshi Nakamoto, and released as open-source software in 2009. The U.S. Treasury has categorized it as a decentralized virtual currency though some believe it is best described as a "cryptocurrency."helpfully defines cryptocurrency as "a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank."

    Bitcoin uses blockchain technology to record its transactions. Essentially, the blockchain is a publicly distributed ledger for certain financial transactions. It is currently mostly used for bitcoin, but many believe it could be used in a wide variety of financial applications in the future.

    As used in bitcoin, blockchain is a public ledger of all bitcoin transactions that have ever been made. When a transaction is completed, it is recorded on a new "block." When the block is full of such transactions, it is added to the end of the "chain" in sequential order, and a new block is created. Full blocks are a part of the blockchain's permanent database. Each node — a computer connected to the bitcoin network for the purpose of verifying transactions — automatically gets a downloaded copy of the blockchain upon joining the network. The blockchain records information like the time and amount of each transaction, but it does not store any personal information on the parties involved.

    Even industry experts who believe that bitcoin is not a sustainable monetary unit think blockchain technology could radically change the way financial transactions are facilitated in the future. The benefits of this system are that it is transparent, secure, and streamlined, so that there are less parties involved in facilitating each and every transaction.

    Even as the existing payments system in developed countries becomes ever more convenient and secure, the space is still littered with middle parties taking a small amount from each transaction. These players include payment processors, payment networks, issuing banks, and acquiring banks. The dream of bitcoin and other monetary systems based on blockchain technology is for payers to be free of these inherent costs of exchanging currency for goods.

    For a much more detailed explanation of what bitcoin is, where bitcoins come from, and how they work, please check out fellow Fool Matthew Frankel's article on this subject from earlier this year, "What Is Bitcoin?"

    The potential problems with investing in bitcoin

    There are a few primary concerns surrounding bitcoin that potential investors should be aware of. First, it is not backed or regulated by the good faith of a government or other entity. This stands in stark contrast to the dollar, yuan, pound, and other forms of currency used around the globe. So, many people view bitcoin as something akin to Monopoly money, because it is neither a fiat currency nor is it based on something of tangible value like gold. In other words, a bitcoin is worth exactly what people perceive its worth to be. While, in a sense, this is true of any currency, the value of a bitcoin is much more fickle than other forms of currency because of its unregulated nature.

    Second, bitcoins are not traded on Wall Street. They cannot be bought or sold through a brokerage. Instead, one must set up a bitcoin "wallet," which can probably best be thought of as a bank account exclusively for bitcoins. Once this account is set up, its holder can link to a traditional banking account and use those funds in local currency to buy and sell bitcoins.

    If this process sounds a bit cumbersome, it is. This means bitcoin is much less liquid than traditional equities, creating more volatility and wild swings. For instance, in the past month alone, the value of one bitcoin fell from prices over $2,500 to under $2,000 before regaining all-time highs over $3,400. Those are incredibly volatile swings within one month — something virtually unheard of with any other type of currency!

    Finally, the unique way of buying and selling bitcoins not only contributes to its illiquid nature, but has also contributed to higher rates of fraud and theft through uninsured bitcoin exchanges. While these problems were far more prevalent in years past, it should still be mentioned that none of the bitcoin exchanges have yet established a long business track record.

    This brings us back to the SEC's review of the Winklevoss twins' proposal to launch a bitcoin-based ETF. Such an ETF would have solved at least some of these problems. It would have made trading bitcoin much more liquid, and assuaged many investors' fears of potential theft. Viewed in this light, bitcoin's massive sell-off on the initial news of the rejection and subsequent rise on the appeal of the decision makes a lot of sense.

    To develop "Wallet Investor" into a renowned and sustainable platform for accessing the latest trends in the world of cryptocurrencies please visit the website.

  18. As Mark Johnson Stated earlier, The best time to buy Bitcoin was 7–8 years ago when Bitcoin started. You would have a 100000x magnification of your investment if you had invested then.

    If you invest now, you wont have 100000x magnification, but you would have a 2x, 5x or 10x magnification in 2–5 years. The reason why there will be such magnification are listed below:

    1. Philippines has accepted Bitcoin as a mean of Remittance – This is a 21B dollar market and is expected to grow. Right now, Bitcon is used a 60% of the market cap.
    2. Argentina’s primary remittance mode is Bitcoin – Even the local in Argentina use Bitcoin since the inflation for their currency is very high.
    3. Latin America is turning towards Bitcoin
    4. Bitcoin is coming up with SMS service – Right now only 30% of the population have access to internet in the world, so Bitcoin is being used only by these people. With the SMS service starting up, lot of African countries would get onboard to use Bitcoin.
    5. Bitcoin is going to have atomic swap – Bitcoin and Litecoin are going to be integrated, making it easier for transacting.
    6. Bitcoin is working on improving the transaction speeds – right now Bitcoin has a transaction speed of 5–7 transactions per second. Once the transaction speed is increased, the number of merchants adopting it would increase.
    7. [Update 8/30] With the introduction of a U.S.-regulated options and futures market for bitcoin later this year, we believe bitcoin prices are headed much higher.

    In order to invest into Bitcoin you need to have a wallet. Coinbase can be used to buy only Bitcoin, Ethereum and LiteCoin using USD.

    • You can buy using credit/debit card or Bank Transfer.
    • Enable 2F authentication using GoogleAuthenticator or Authy.
    • Very easy interface and ideal for new comers.
    • You can also wire the money from you bank account for same day transaction.

    More information on Buying and storing Crypto Currencies can be found at: 4 Steps to getting into Crypto Currencies

    Sign up using my invitation link and get $10 free in Bitcoin while making a purchase of >=$100 in Bitcoins. Sign up here and enjoy free Bitcoins.

  19. Yes it is and it is not late to buy crypto currencies as crypto currencies are in their early stages and there is huge potential to grow. (It is said that Bitcoin will grow upto $ 50000 at the end of year 2018)

    If you are willing to take risk of your money then no problem. But as first time investor, start with small amount. Meanwhile do research about crpto-currencies, like what is crypto currencies exactly ? what is the future of it? How much in % it will grow or fall?

    I’ll share my strategy now, I have invested 20K in last 15 days and now it’s nearly about 24500. within 2 week it grows by 4500 INR means avg 300 INR per day. If this speed of growth of bitcoin continues then it will return 9K per month. After month withdraw 9K with keeping 20K as it is. In first month you will get almost complete your invested principle then you can continue with you profit in Bitcoin(Hoping my 20K will return 9K per month 🙂 ).

    Koinex and ZebPay are two main platforms to buy bitcoins in India. Koinex is multi crypto curency portal for buying such as Etherium, Ripple, LiteCoin etc. Other hand on ZebPay you can just buy Bitcoin.

    To buy Bitcoin use Zebpay app as it is very easy to use and recommended for Bitcoin buying. (Use http://link.zebpay.com/ref/REF94… Referal link to download and install zebpay app and get rewards of 100 INR given by Zebpay on your first transaction buy/sell.)

    Other hand Koinex is a direct exchange and multi currency platform, you will get the best market rates for your currency. No brokers in the middle. Use Koinex for other currencies like Ether, Ripple, Litecoin etc.

    Koinex is very simple to use. check below video for how it works,

    https://koinex.in/how_it_works

    You may use my referral link for Sign-up on Koinex

    Buy, Sell and Trade Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH) and other cryptocurrencies at best price in India

    Using above referral link you will get 100 INR(Referal rewards given by Koinex) on your first transaction.

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