Investing in cryptocurrency is becoming more and more popular. The problem is that normal people are not that tech savvy to understand the entire concept of cryptocurrency. If you’re investing in the wrong way, you can lose a significant amount of money. Owing to this very reason, when you are trying to invest in crypto currency, it is important to 1st find out the basics of the same. Today we would share with you a complete guide to investing in cryptocurrency.
With the increase in popularity of digital cryptocurrencies, more and more people have flocked to bitcoin as a means to invest and make money. Bitcoins are even beginning to be accepted as a formal method of payment in many cases.
Parallel to the increase in demand for bitcoins is the fact that the number of bitcoins that can be mined goes down by half every four years. With the decrease in supply of bitcoins and the increased demand, the value of bitcoins is going steadily up, making now the perfect time to start investing in bitcoin.
Keep reading for a step by step guide on how you can easily start investing in bitcoin.
If you know a bit about bitcoin, you’ve seen the massive upwards trends of the cryptocurrencies market. Fortunes were made and unmade as speculation and investments poured into the market.
If you’re looking to get your share of the pie, keep reading to learn about the best bitcoin investment strategy.
Magnr is a website which pays you interest on the Bitcoin deposits which you make. It is like a savings account but only for Bitcoins. This is a new concept. As the popularity of Bitcoin increases more and more, there are newer and newer avenues of making a decent return on it. Instead of just holding the Bitcoins, you can easily deposit the Bitcoins with Magnr. Magnr enables you to earn bitcoins with bitcoin. You would be able to make a decent return on it. The interest rate which they offer is 2.35%.
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.