Is worth investing in? This is the question many of us ask on a daily basis. However, the answer is a little bit more complex than the usual “yes” or “no” options. Let’s break down everything know about why should or shouldn’t you invest in and find out!
Should you invest in bitcoin?
If you are the person who finds investing is something so “vague” as dumb, think again. What makes so valuable for the investors? Well, coins have two features making them great for investments.
First of all, Bitcoins come in limited supply. There is only 21 million to ever exist. As time goes by, it becomes harder to mine new coins. Just as gold, becomes more valuable with time.
Secondly, provides a transparent monetary policy that can be verified by anyone. It is possible to see when new coins get created, how many Bitcoins are in circulation and where the transactions go. Besides transparency, has a great advantage as a payment method — the transfers can be sent from anywhere in the world and no third-party is allowed to block the payments, close accounts or reverse transactions. If the monetary policy of a government fails (take Venezuela as an example), can become a way to escape this failure and get access to unlimited cross-border transactions.
Taking all these factors into consideration, you get a great investment material in the form of .
BTC price — know before you invest in bitcoin
As you might already know if you are into , there is no fixed price for the majority of the coins (except for ). The price of is set by how many people are willing to buy/sell — you can pretty much monitor it no .
Many people are wondering whether there is a right time to buy . Well, not really. What you need to do is understand the charts well and know how to notice the market movements at the right point of time. Reading price predictions may help, too, but this is definitely not 100% trustworthy information. This of them more as extra help, not an action guide.
Where to buy bitcoin — How do I invest?
The difficulty of buying depends on the service you use. The general advice here would be sticking to trustworthy exchanges available in your country. If you are interested in checking more information on the exchange services we sure are working well, you can check Guarda Exchange Service selection .
How to store your BTC securely
is a valuable asset — various kinds of thieves and scammer might be after your coins. Hence, security is an essential part of your journey.
If you have some serious thoughts about investing in , you need to find a secure first.
When it comes to safe crypto storages, we know best. Here are the criteria you need to follow to have your coins stashed in the ultimate security:
- Non-custodial . Third-party interference often harms the coin holders — the personal information stored by the company might be hacked and used for some harmful actions. This is where non-custodial wallets step in. Custody-free services do not have access or any personal data of their users. Due to this, security levels drastically increase and the user remains the only person in charge of their funds.
- Rapidly developing wallets. When choosing a cryptocurrency storage service, check the company’s development pace — if a you are about to choose updates often, adds new features and looks for improvements, it is definitely a good sign.
- The team is open to communication. If you are new to the cryptocurrency space, you might have lots of questions along the way. If you are experienced, you might have some questions about the work. No matter how advanced your level is — you need to able to reach the developers of your . Check the social of the service, Telegram and the lines to see if your questions are addressed efficiently.
- The functionality of your . Depending on your needs, your needs to have various additional features. Great things your may include are — speedy exchanges with good rates, cryptocurrency purchases, different handy special features and so on. If you are planning on holding multiple currencies, it is better to turn to multi-currency wallets that work across various platforms.
Conclusion:
Before you invest in , you definitely need to know some basics of how the market works, how the coin prices change (and how to read them), very essential crypto security rules and so on.
in particular and , in general, are still relatively new phenomena, so it requires a lot of research done on the user side. Take some time, read some articles and understand before making your first investment.
Published at Wed, 15 May 2019 13:15:26 +0000
