Guide To Bitcoin Investment
Well, as with almost anything else in life-if not everything-you’ve got to buy it before you can invest in it. It can be very challenging to invest in Bitcoin, see post and that is if you don’t have the step set before you.
First you need to know that Bitcoin is a type of cryptocurrency that was invented, designed and developed by Satoshi Nakamoto, one of the very first digital currencies, and was released to the public in 2009.
So from there, a network of very seasoned developers rendered patches as well as enhancements and the software was partly supported by the Bitcoin Foundation.
As bitcoin has been a hot topic of concern and a lot of people are investing in it, if you just have any digital money, there’s no hurt. Interesting to note, Bitcoin companies were able to raise just $2.2 million back in 2012.
Despite this year’s price drop, the crypto-currency continues to rise in both consumers and retailers that embrace it as payment.
And how can you feel part of the action? It can be easy to invest in Bitcoin for the ordinary Joe if he only buys outright some.
Buying it today was rendered easy, with several companies engaged in the buying and sale industry in the United States and abroad.
The easiest solution for US investors is Coin Base, a company that sells BTC to people at a markup that is usually about 1 per cent higher than the current market price.
When you want conventional trade, Bit Stamp might be a safer choice since you’ll be exchanging with customers, not only with the service.
The company functions mainly as a middleman. Liquidity is stronger, so you will almost often find someone willing to carry the exchange on the other side.
The payments start at 0.5% and go all the way down to 0.2% if you’ve sold in $150,000 over the past 30 days. Both these are now mediums of investing in their own forms, and the more you buy BTC, the more benefit you can make because you want to store it or resell it to other conventional customers at a better price than the one you bought from the actual firms.
You can purchase bitcoins by trading that way too. Local Bitcoins, which is a website that pairs you up with prospective buyers and sellers, is one of the more common routes for it offline. Once buying, the coins are placed in the escrow from the retailer, from which they can only be issued to purchasers.
But it should be done with some extra precautions to purchase bitcoins offline, which are still normal, as you will when meeting a stranger. Meet at a public place during the afternoon, and carry a companion if necessary.
Right now Bitcoin is about the hottest online thing. Investors and venture capital companies are betting it’s here to stay. There are several avenues to ease around Bitcoin trading and purchasing for the ordinary Joe.