How much to Invest in Bitcoin- Five Factors to keep in mind.

  • March 20, 2020

The key to any good investment is to know and understand all the aspects of it. If you dive in blindly, you might sink. So it’s best to go through all the factors of investing. When it comes to newly emerged ideas like cryptocurrency, you definitely need to be extra careful. There are are variousgthings you should consider before deciding how much you should invest in Bitcoin, considering it’s unstable prices. Let’s discuss some of these below: 

 

  • The Timing. 

 

Needless to say, the investors became attracted to Bitcoin during its peak time. It was an air of change and adoption of digital currency globally. It’s only logical that people will follow the media which always highlights the latest trends. Timing becomes a crucial factor to be considered for investment because every market haba a cycle of rise and fall. If you analyse the data and study it closely, you’ll observe a repiting pattern, although the exact values keep changing, the phases maybe predictable. Thus, you should check the current market status in order to be sure about the possibile profit you are eligible to receive. 

 

  • Flexible Mindset

 

Trust me on this, the major reason why so many people are in dilemma about investing is because they cannot stick what they say due to fear or hesitation. The very first step to invest in Bitcoin is to to firmly decide that you actually want to invest in Bitcoin. That being said, you must also have an open mind so that you can be flexible in your approach- Let’s say you want to invest $10,000 over the next 12 months. But the market is currently close to its peak Instead of investing $830 every month, you can adjust the amount to start with $300 per month and invest more to compensate when the prices go down. 

 

  • The Risks:

 

The Bitcoin market is very volatile. The value of Bitcoin despite being at it’s peak in 2017, plummeted down to its 80% in less than a year. 2018 was not a great year for Bitcoin but 2019 averaged around $8000 per Bitcoin. 2020 is predicted to be a good year, with experts saying perhaps this is when the Bitcoin zenith with re-write itself.   But in the end, it’s unpredictable and you’re still hanging on a cliff of “What it’s” again. Think of an amount that you won’t regret losing entirely. That’s how well proepared you should be while investing in a cryptocurrency like Bitcoin. 

 

  • The Profits:

 

The uncertainty of Bitcoin value can be a blessing. It may enable you to get  200% return as a result of which you might become digitally very, very rich. When Bitcoin was soaring up high in 2017, a large number of investors became millionaires, no kidding! And in they had invested a large amount of their savings for this purpose. If they took the risk, and turned it into their profit. So can you. But I won’t encourage you to invest your entire life’s saving here, it’s unadvisable. A reasonable amount is how much you need to invest..

  • Diversification

Many people might think that if they invest everything in cryptocurrency, they will become rich some day for sure. That’s not true. It’s unwise to put all your money at one place. That’s why it is better if you invest in stock like gold, stock or even real estate. That way, your money is invested in a diversified manner and you are not susceptible to more loss. Afterall, your portfolio needs to have minimal amount of risk attacked and that is only possible by including more than one asset. 

Therefore, keeping these five factors in mind, you should be able to decide what amount of investment will be best for you. And remember, don’t ever invest more than what you are willing to lose. 

How to get started with altcoin Investments

  • March 20, 2020

If you are new to the cryptocurrencies world you first need to know what exactly a crypto currency is. Crypto currency is an internet based medium of exchange. This uses cryptographical functions to conduct financial transaction. Built on the blockchain technology this is a booming market and many countries around the world are emerging as hotspots for crypto enthusiasts. 

The exchanges are where you can sell and buy cryptocurrencies in exchange for fiat currency such as USD. If a coin has total market cap more than 1 million dollar it is the idea altcoin to invest in. Effect coin shows low volume it indicates the lack of interest from buyers of sellers. It is true that the prices of the coin are not going to jump from month to month but it is important to remember that crypto currency is a very volatile market.

Therefore you should be very careful before you make any decisions. Crypto traders often gather in groups to decide the best and most popular cryptocurrencies exchange. However when it comes to trading altcoins, it is a whole different game to play. You also need to know exactly how to spot the right altcoin so that it can take you a long way. The BTC has dropped a great amount over the years but it has also reason at some point.

Over the years we have seen bitcoins steadily climbing up the ladder. It is important to make the distinction between speculative and true utility projects of cryptocurrency exchange. Investors have two options it is either learn the number of the current statistics or make their own assessments. The crypto space moves in a fast manner. It is an extremely volatile market. Digitex futures are one of the latest altcoin partners with Changelly. You have to keep an eye for the achievements. It will certainly take some time to do some research. 

As for buying Ethereum futures or any alt coins first you have to buy Bitcoin or ETH from one of the exchanges. You have to go to the page on the website and not your address. After you have copied the address you go to the withdraw option in your exchange where you have your bitcoins are Ethereum and transfer it. Once you are done select the currency pair you would buy from the exchange tab. after you have selected the number of coins you want to buy, the corresponding prices will be shown in total BTC. You can put up a sell order and get back your ETH or BTC if you have decided to sell the tokens later. As a source of capital for startup companies initial coin offerings or ICO is an unregulated and controversial means of crowdfunding we are the use of cryptocurrency.

Cryptocurrencies sold to investors in exchange for other cryptocurrencies such as Bitcoin or legal tender. It is recommended to look into potential or coin investments if you plan to hold your investments for a longer period of time. The other tokenomics factors can play a role in determining a coins true value. Many methods which can be used for finding undervalued altcoins. As for some traders they might look for cryptos with master nodes which are much undervalued. It is to be remembered that investing and holding a masternode gives you a passive income. It can also become very lucrative.

Investing in altcoin and cryptocurrencies can be very demanding and stressful but at the same time it can be worth your time. However getting started is not enough to get you through the market. You need to you do your own research and studies properly for committing to an investment or purchase.

BEST EXCHANGES TO BUY ETHEREUM

  • March 20, 2020

Ethereum differs from most of cryptocurrency. The currency in itself has been enhanced by installing a feature known as ‘smart contract feature’ which has become one of the most selling and an essential factor for its increasing popularity. 

A smart contract is an algorithm which supports other commercial contracts within the blockchain networks. Ethereum keeps launching different programs which are decentralized in nature. They cant be changed or manipulated.  It has improved the supply management of the cryptocurrency world. 

  • Bitmex

Now, this exchange has been made, and is run by professional algorithm traders and developers. It is used extensively by economists as well. Hence, it is one of the crowded exchanges. The site has all the tools and techniques you wish to analyse a cryptocurriency. There are certain tools for beginners to experiment and use too. The registration process is also quite simple on this site. 

  • CMC Markets

CMC markets is known as a multi asset broker. The market has attained experience over 30 years of trading. It is regulated by the strict policies of UK’s Financial Conduct Authority (FCA). The funds are safe here and are segregated. There is high level security and safety is guaranteed. It is a publicly-traded company on the London Stock Exchange.
Ethereums can be traded in the CMC markets with the use of spread bets or CFD account. The account offers trade on more than 9,000+ trading instruments covering Forex, Cryptocurrencies, Commodities, Shares etc.
PROS-

  • It is regulated and publically traded on the London Stock exchange
  • 9000+ trading assets and instruments.
  • Feature-rich proprietary Next Generation trading platform
  • News and analysis from experts and analysts.
  • Binance

Binance has been known to rule the crypto world and the markets. The market is very comfortable for beginners and excellent for advance users. The beginners will find the site very user friendly. Binance has been ranked in the top 5 exchanges time and again by the CMC. Binance also gives you a feature where you can use BNB tokens to trade. Users will receive 50% discount on their trading fees which is quiet an amount. Binance is one of the easiest apps to use on phones as well. 

  • Coinbase

Another well known and a popular trading site when it comes to cryptocurrencies. You can deposit currencies in the form of USD, EUR. GBP etc. and the app will cash in the cryptocurrencies in your wallet. Coinbase is a very handy app and allows you to by currencies in the most simplest ways. 

  • Bitfinex

This exchange is one of the oldest sites which offers entry into the trading world of cryptocurrencies. The volume of cryptocurrencies in this site is quiet high. The exchange always ranks among the top 10 on the CMC hence it is definitely reputed. Users are guided by the instructions given by time at every point. Registering on Bitfinex will take time as they make sure to verify your ID and authenticate you as a user. The process as a whole will take up to 10-15 days. It is also available as a mobile app on android and IOS. It is accessible to all countries with an exception of some. 

No matter what, Ethereum is an excellent choice for investment. The company has a strong team of developers and partnerships which has helped forming powerful alliances. Keep your risk appetite in control and increase it gradually with small bits and pieces. It is a very attractive investment option, make the best out of it!

Bitcoins: New Age Investment Avenue

  • March 20, 2020

Almost every sphere of business, commerce, economy, and even our everyday life is dependent on the Internet. There should be a little surprise for anyone to notice that Bitcoin has claimed the interest of investors globally. Secure, global, and digital; this currency is open for everyone. It is an exciting new asset class; however, investing in Bitcoin demands time and effort. 

Why invest here?

Before answering this question, we need to understand that what makes Bitcoins valuable? Gold, for instance, is in limited quantities on earth. Even when gold is mined continuously, there is always less and less gold available for buyers. It gets more expensive for buyers, and so does mining. 

The same applies to Bitcoins. The number of Bitcoins is limited to 21 million, and with time and a limited supply rate, it’s bound to get costlier. 

There is only 21 million Bitcoin, and as time goes on, they become harder and harder to mine. Take a look at Bitcoin’s inflation rate and supply rate. It has a sound monetary policy, and you can see whenever new Bitcoins are created or even know how many Bitcoins are in circulation. 

You can digitally transfer Bitcoins anywhere across the world. Payments here are never blocked, and it is censorship-resistant. It also provides safeguard against failed governments or sunk economies. This currency practically remains isolated from any global recession too. 

The Internet made information global and easy to access. A sound, global currency like Bitcoin will have the same impact on finance and the global economy.

If you understand the potential impact of Bitcoin, it won’t be hard to comprehend hard why investing in Bitcoin may be a good idea.

Its price

There is no official price of Bitcoins. It’s set by whatever people are willing to pay. An apparent game of demand and supply is applicable here. For further information, a price index can be referred to. Bitcoin price means the cost of a single Bitcoin. Some exchanges let you buy Bitcoin for any amount. You can even buy less than one Bitcoin. 

The right time to buy

Like any other investment venue, there are no guarantees here. Throughout its brief history, the value of Bitcoin has increased at an accelerated pace. The downfalls were slow, and market stabilization was fast. There are several tools that one can use to perform analysis and research. This currency never gets affected by an individual country’s economic situation. This currency is global. 

It is noticed that the global economic or other chaos generally benefits the Bitcoins in terms of pricing. Apolitical in nature, this digital currency remains free from any influence of a government or trade blocs. 

Therefore, investing in Bitcoins requires you to think in a global perspective. 

Bitcoin investment: How and Where

Depending on your country, the ease or difficulty of buying Bitcoins will vary. However, developed countries offer more liquidity and options. This digital currency being global can be easily purchased from anywhere in the world. 

You can use various exchange finders to find a place where you can buy Bitcoins in your country. 

Security

It is an asset, and like anything valuable, there will thieves, hackers, and scammers will be after your Bitcoins. Hence, security is a prime concern here. It would be best if you considered buying Bitcoins wallets. These are specially built with safety in mind, and one should always keep the Bitcoins in these wallets. 

You are dealing with a currency that is on the Internet. It means that stealing from any corner of the world is easy. Bitcoins in isolation are secure; however, they are only as reliable as the digital wallet in which you have stored it. 

When dealing with Bitcoins, security needs to be your prime priority. 

Does investment in Bitcoin Mining make sense?

The Bitcoin mining industry has grown at a rapid pace. Earlier mining was possible to conduct on any computer that we use at home or office. However, today it costs a lot- nearly millions of dollars. Hence, now it is done in specialized data centers only and yes, profitably. 

Consider these data centers as warehouses. It’s a warehouse full of computers that are created with the sole purpose of mining Bitcoins. It’s a costly business to conduct. It will cost millions of dollars even to start a profitable mining operation. 

It is, therefore, suggested that for new entrants in Bitcoins business, they should avoid Bitcoin mining. Given the level of investment it requires, it can never be a profitable business for anyone. 

For learning purposes or any reason else, you can start a small mine and play around with it. However, this home mining business can never turn profitable. You cannot expect to get a satisfactory return from it.