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Bitcoin Investment in 2017. Is It Worth It?

Bitcoin-Investment_2017
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In this calendar year, Bitcoin has appreciated significantly and it has already doubled once. It started the year at a valuation of $1,000 and since then it has increased to $2,600. The more the Bitcoin appreciates, the more attention it gets.

People all over the world are ruing over the missed investing opportunity in Bitcoins. Owing to this very reason, professional investors as well as normal people are contemplating to invest in Bitcoins. That is why a lot of people are thinking to invest in Bitcoins. However, there is an equal number of people who think that it is already appreciated a lot and that is why it would not appreciate more in 2017. Some people are downright skeptical of the value which is currently attached to bitcoins.

We would today share some light on Bitcoins investment in 2017.

Bitcoin-Investment_2017

Bitcoin Investment in 2017 (Source)

Bitcoin investment in 2017:

One of the main things which you have to keep in mind is that the acceptance of Bitcoin is increasing more and more. These days, prominent online retailers, as well as off-line retailers, are accepting Bitcoins. That is why it is not just a passing trend as was initially assumed. It is becoming more and more mainstream by the day. The question which arises is then should you invest in Bitcoin at the current cost.

The answer to that is dependent on your risk profile since Bitcoin is pretty volatile.

Bitcoin is in its infancy.Due to this very reason, it is pretty volatile. The problem with volatile assets is that you can lose a significant amount of money in a relatively short period of time. Also, Bitcoin has had its own setbacks over the last few years with one of the largest Bitcoin exchanges collapsing. Even though you might be attracted by the increase in prices of Bitcoins but you have to factor in all of these risks. Even after factoring in all of these risks, you can only think about investing in a certain percentage of your total portfolio in Bitcoins.

Sure enough, due to the increasing acceptance and increasing value, it would make perfect sense for you to invest in Bitcoins in 2017.


Fun fact:
Bitcoin processes more transactions in a year than Paypal. Bitcoin is just 1/10th in age as compared to Paypal. Thus you can be sure that the acceptance of Bitcoin is certainly increasing.

Reasons to invest in Bitcoin:

Apart from the wide acceptance of Bitcoins all over the world, there are a few more reasons as well as to why you should invest in Bitcoins even in 2017.

Limited Supply:

One of the main reasons why Bitcoin is rising in value consistently is because of limited supply.

After a certain period of time, it would not be economically viable to mine Bitcoins. That is why the supply cannot keep on increasing for ever.

When assets are in limited supply, you can be sure that their value would increase.

Value increases with acceptability:

As more and more businesses, as well as countries, start accepting Bitcoins, its value is only going to go up.

Pioneer in Crypto currency:

Bitcoin is the 1st Crypto currency. That is why the trust in this particular currency is more as compared to other options.

Increasing trust in block chain technology:

For any currency to go mainstream, it is important to have trust in that currency. The block chain technology which is behind Bitcoin is being used by banks as well as other financial institutions as well. Owing to this very reason, the trust in the crypto currency is also increasing. This is further raising the value of the Bitcoin.

Portfolio investors:

Owing to the ever increasing value of Bitcoins, more and more portfolio investors are investing in Bitcoins. This not only increases the credibility of Bitcoins but also the price of Bitcoins.

Tips to invest in bitcoins in 2017:

Since investing in Bitcoins is a new concept, many investors are entirely confused regarding how they can go about it. We would share with you a few tips which would help you in investing in Bitcoins in 2017.

1. Buy from reputed exchanges:
The number of exchanges which are trading in Bitcoins is going up significantly. Instead of trying out a new exchange, you have to try out tried and tested exchanges.

We at CoinsIQ have done the research for you. You can open an account with VirWoX. It is one of the oldest exchanges in the world.

After the account has been activated, deposit the money and go to VirWoX Bitcoin Exchange and buy Bitcoins.

2. Use a private wallet:
Instead of keeping your Bitcoins in exchange-based wallets, you have to opt for a private wallet. You can even opt for a hardware wallet. If you’re not able to afford that, you have to opt for paper wallets.

Hardware wallets are traditionally believed to be safer. TREZOR is one such hardware device, designed to do secure bitcoin transactions.

3. Buying and holding strategy:
Instead of trading in Bitcoins, one of the best options which you have is to buy Bitcoins and hold them for a longer period of time. This would ensure that you are able to capture most of the gains of Bitcoin in your portfolio.

4. Do not invest with Cloud Bitcoin mining websites:
Not each and every person is able to buy the hardware by themselves to mine the Bitcoins. That is why a lot of people are looking at the cloud Bitcoin mining websites. The problem with these is that either they are completely scam or they would be able to offer you a negative return on investment. That is why you have to avoid these and you should buy the Bitcoins directly or by your own mining rig.

5. Invest amount which you’re comfortable in losing:
Like with any other kind of risky investment, it is always necessary to invest only a smaller portion of your entire portfolio. Also, you should only invest the amount of money which you can afford to lose. This would ensure that you are able to invest in the safest way possible.

One thing which you have to, however, keep in mind is that the pricing at which you invest in Bitcoin is pretty important. If you’re able to invest at the right levels, you would be able to reap rich dividends.

6. Trading Bitcoins for profit

There are several Bitcoin trading platforms out there. If you are able to trade stocks or commodities, you would be able to trade bitcoins.

AvaTrade is a trading platform, that allows user to trade wide verity of financial instruments. Bitcoin trading can be profitable if you know what you are doing. With AvaTrade you can easily trade bitcoin CFDs in 4 simple steps along with some amazing bonuses.

  • Open a bitcoin trading account with AvaTrade.
  • Add funds to your account.
  • Choose a Bitcoin contract.
  • Start the trade.

How to invest in bitcoins in 2017?

Investing in Bitcoins can be pretty confusing for the person who has not dealt in crypto currencies before. That is why we would share with you a few ways in which you would be able to invest in Bitcoins easily.

1. Buying through exchanges:

There are plenty of Bitcoin exchanges operating online. You have to just check the reviews of these exchanges and thereafter, you would be able to decide whether they are trustworthy or not. Through the exchanges, you would be able to pay through your bank wire transfer or you would be able to pay through debit cards and credit cards and buy the Bitcoins.

2. Wallets:

You also have the option of buying through the wallets and they would allow you bank wire transfer as well as credit cards and debit cards.

3. Mining Bitcoins:

You can also get a mining rig and you can start mining Bitcoins which would help you earn them.

These 3 are the most common ways to invest in Bitcoins in 2017.

So, investing in Bitcoins still makes sense if you’re able to invest at the right levels.

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