Investing in bitcoin. Yes, we are talking about it more and more and more and more people are investing in cryptocurrencies, in general.
Many are interested in the idea of investing in bitcoin as the media have talked about the crazy stories of prices exploding. What is true. Indeed, who has not heard the incredible stories of these people who found themselves millionaires overnight thanks to bitcoin? And, yes, it’s a dream.
The arrival of bitcoin among the general public has allowed the cryptographic universe to develop massively. We have seen the enormous enthusiasm for ICOs as well as new projects based on blockchain technology are becoming more and more numerous. At the same time, multiple types of financing have also appeared: ICO, IPO, STO, etc.. If you still don't know what it is, read our article on the subject, here.
My point is that there are always more ways to invest in bitcoin and cryptocurrencies. We have more and more financial tools, more and more platforms as DeFi keeps getting bigger.
It may actually seem quite difficult today to find the right information. Hence the writing of this article; Helping you easily invest in bitcoin and cryptocurrencies.
If you know absolutely nothing about it and are still looking to invest a few kopecks in this currency of the future, rest assured, you are on exactly the right page.
In fact, we will decipher all the methods there are for investing in bitcoin. All you have to do is choose the method that suits you best.
First of all, should you really invest in bitcoin?
We can indeed ask ourselves the question. If you are on this site, it is because you already have an idea on the question. In fact, the price of Bitcoin has been relatively unstable since its creation. At first, we had to give 1000 bitcoins to buy a pizza. Now with 100 bitcoins you are the oil king. Its value has increased considerably. Some predict that bitcoin will reach even greater heights. Even the $20,000 mark in January 2018 is nothing compared to the millions it could be worth when all bitcoins have been issued on the market.
That said, the price of bitcoin can still fall. It is in this sense that it still remains a risky investment. It would be best to do some research and form your own opinion on the subject. The ideal would be to make small investments at the start. Likewise, it is recommended to make investments with capital that is surplus to you.
That said, if you want to invest in cryptocurrencies in general, it is still better to opt for Bitcoin. It is still a reference cryptocurrency.
So, if you are a beginner in the world of Bitcoin and cryptocurrencies, you need to be careful.
1. Invest for the long term or do “Hodling”
The biggest bitcoin connoisseurs opt for this strategy. It’s the one we call “Hodl”..yes, you read that right. Actually, the story behind it is quite funny. It's a user who on a specialized forum, ) made a typo and instead of writing “hold”, wrote “hodl”. He of course wanted to talk about the strategy of “holding” bitcoin, while waiting for its value to rise.
In fact, this consists of buying bitcoin and storing it until it reaches the expected high value.
To buy it, nothing could be simpler, for example, just go to a site like Bitpanda and simply buy some.
This can be a risk, but according to them, it is one of the best investment opportunities there is currently. The other big opportunity was the internet 20 years ago. So, according to them, bitcoin is the currency of the future, so they are investing heavily in bitcoin. The only goal here is speculative. They buy bitcoin like they buy gold bars. This remains a safe haven that will always have value over time.
To invest in bitcoin for the long term, you must first have a Bitcoin wallet.
If you want to store Bitcoin for long-term investment, the best method to protect your coins is to use a hardware wallet. The best wallets are Trezor and Ledger, and offer perfect security for your bitcoins.
You can also of course store your bitcoins in an online wallet like on Coinbase or BitPanda but this will never be as secure as on an external key.
For those who prefer to buy and sell bitcoin to make short-term capital gains, it's different. You can keep your bitcoins in online wallets like BitPanda, for example.
If you want to know which are the best cryptocurrencies to have for a good investment, read our article:
2. Invest by mining bitcoin
This is the second method widely used among crypto enthusiasts. At the beginning, of course, it was downright El Dorado. You could mine bitcoin on your computer and earn quite a bit of bitcoin. Today it's different, it's more difficult but it's still doable. As such, Bitcoin mining was one of the most lucrative investments of all time. More profitable than gold mining.
You can still mine bitcoin by purchasing the right mining hardware. THE best ASIC miners have truly become the only real way to mine bitcoin today. But, it is a significant investment which requires a few euros of initial capital. In addition, it is likely that the equipment you buy will no longer be worth much in the near future.
Cloud mining services are also interesting options. Mining farms allow you to rent mining power from them. You pay for a contract and you get back the bitcoins mined through them. This may be the best option if you don't want to invest large sums in bitcoin mining equipment. Hashflare, HashPro and Genesis mining are some of the most popular cloud mining services.
3. Invest in bitcoin via exchange platforms
Exchanges are the simplest and most widespread method of obtaining bitcoin. There are several platforms for buying bitcoin. The most important thing, in fact, is to choose reputable and solid platforms.
There are several types of platforms for buying cryptocurrencies:
- Direct purchasing platforms like Coinbase and Coinmama.
- Decentralized platforms
- P2P marketplaces like Paxful or LocalBitcoin
- Cryptocurrency conversion sites like Changelly.
The first step, you guessed it, is to learn about the difference between these platforms. To do this, I invite you to read our article on the subject: How to buy cryptocurrencies.
But, if you want to buy your first bitcoins easily, the ideal is to buy it by credit card on sites like BitPanda or Coinbase.
That said, to invest professionally, you will be required to trade different cryptocurrencies.
4. Invest in bitcoin via bitcoin ATMs
Bitcoin ATMs are a good way to invest in cryptocurrencies indirectly. You understand how it works. This involves purchasing bitcoin ATMs that you will need to place in a busy and strategic location. For $6000, you can buy them and earn commissions on each transaction.
According to CoinATMRadar, there are more than 4 bitcoin ATMs worldwide, spread across 000 countries.
This can be a good option if you want to invest in bitcoin, while earning euros or dollars.
Conclusion on investing in bitcoin.
Investing in Bitcoin has never been easier. Certainly, the methods have expanded and there is something for everyone.
That said, to invest in Bitcoin you still need to do your own research. Above all, you should always think about investing an amount that you can afford to lose.
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Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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