Here are some basics you need to know about Bitcoin in general.
What is bitcoin?
Bitcoin is a secure, digital currency which is open to all investors and non-investors,to dive in.
Here are some keypoints:
-Basics of bitcoin investments.
-Why we should be serious about it.
-Most importantly, how to protect and secure your bitcoins.
First of all I want to add, that the fastest ways to buy bitcoins right now is at coinbase.com and coinmama.com .
First question we all ask ourselves is "why bitcoin is so much attraction ":
Well, the world as we know it is becoming more dependant on the Internet, so we shouldn't be amazed to see that bitcoin has gotten the interests of investors.
Most people are scared when it comes to investing in bitcoins. I want to assure you that though it may take a little time to master the market,you would profit from it massively.
The best way to protect your bitcoin is through a bitcoin wallet.
Why you should invest in bitcoin?
Some people find it ridiculous that 1 bitcoin is worth thousands of dollars. What makes it that much valuable is due to the fact that though they are scarce like materials like gold and silver which on a long run will be extinguished, they are useful.
Here's a pic of its inflation rate:
One of #bitcoin most important features is it's sound monetary policy. You can see when they are created and how they are created. They can be sent from anywhere in the world also and no bank can block or close your account or trace your bitcoin transaction.
Just as the Internet has made information access easier, bitcoin will make a similar impact like the internet to finance in our economy.
I would advice to start investing in Bitcoin Mining as soon as you can.
What is the Price of bitcoin?
Bitcoin doesn't have an official price. It rises and reduces in the market. But be test assured that even though it goes low, it always rises back higher that before. Which is a good trait people see and invest in.
As you can see below, bitcoin price only shows you to the price of 1 bitcoin. But you can buy less than 1 bitcoin for lesser amounts.
Bitcoins price history is illustrated below:
The right time to buy bitcoins?
With the aid of tools like Bitcoin Wisdom and Cryptowatch, you can analyze charts and understand the price history better. Bitcoin usually increases due to the demand it acquires. Then reduces when the demand is less. The best time to buy is when the market price is low, and then sell when it's high, then keep repeating.
Now that you know all these information, I advice you to make up your mind and invest in bitcoin today. This is the new form of banking.