*BITCOIN The "Best" article on what you need to know and is it too late to invest in BitCoins in 2017?

This article is meant to be as Lay as possible for the benefits of "Newer" investors who wants to understand the surface to the Bitcoin industry. This article is written from scratch and is not supported by any media,investment company or advertisements. An Opinion is of one's choice and im just sharing mine. So go figure yours.

Before we were to answer that question.

We have to ask the natural purpose to these investments,
like,
Are you investing for trade?
Are you interested in mining with rigs or cloud mining contracts?
or
Are you just a collector who is waiting for the "BigBang" coming 2024 for the last Bitcoin available for mining and decide for what comes out of it then?

First of, let us see what pumps up the graphs and raises the prices of Bitcoins and what dips it to its lows.

The fluctuation of price for Bitcoins have 2 key factors that determines if it were to rise or fall.
Please find below for the screeshot off Bitstamp [A credible source to determine the average Bitcoin price this is what i use, you can also try Poloniex,Bitrix,bitcoinaverage.com[one of the best but requires subscription if you want more info] and plenty other sources from google to draw references].

If you look closer to the right of the screengrab,
You can see the Bidding[Buying] and Asking[Selling] of the transactions of Bitcoins.

The more Bidding involved in the global market for transactions against the Asking involved Bitcoin's price will increase in value vice-versa.

Let us first discuss the possibilities for trade at the current era for Crypto-currencies in particular for Bitcoins.
Please find below for the screengrab off Coinbase [A very popular US based Wallet]

This screengrab is a graph that dictates the past year's progression of the price for Bitcoin.
17th May 2016 0800AM Singapore Time the price registered under coinbase was USD$457.09.
15th May 2017 0800AM Singapore Time the price registered under coinbase was USD$1,77704.
The market price for bitcoin has grew more then $1,000.00.
We are now in a very important ERA where the price of Bitcoins is heavily dependent on it's transactions.
The fluctuations will depend on,

Traders who buys and dumps <--- the primary plausible reason for the hikes and dips of the chart.

The continual expansion of the Bitcoin community, i.e, Miners, Businesses adoption to BitCoin payments, fintech towards
BitCoin's Blockchain etc. <--- the growth and gradual increase of price to Upwards of USD$2,000.00 according to Expert Analysis and i am not one of them i am just a believer.PEACE

Now this leads us to the next screengrab from crytocoinsnews.com [Does what it says it does :)]

Japanese are now heavily invested in Bitcoins for a few reasons,

"Japan’s legal classification of bitcoin as a payment method is set to trigger a bitcoin boom in adoption as retailers make haste to accept the world’s most popular cryptocurrency.

Late last year, Japanese officials took the formal decision to end the 8% consumption tax rate imposed on bitcoin buying through digital currency exchanges. On April 1, 2017, Japan officially recognized bitcoin as a method of payment.

The tax relief and regulatory oversight have helped foster confidence in Japan’s digital currency industry. There were over 4,200 bitcoin-accepting merchants and storefronts in Japan by 2016’s end, a number that had quadrupled from 2015. The marked growth occurred in a year when Japan’s cabinet passed bills to recognize bitcoin and digital currencies as the equivalent of money, in March 2016."
-QUOTED FROM CRYPTOCOINSNEWS.COM

"Furthermore, Japan will play host to the 2020 summer Olympics, an occasion that will encourage visiting foreigners to adopt and make payments in bitcoin if the cryptocurrency continues to expand aggressively as a method of payment in the country. With winds in its sails after gaining legal status as a payment method this month, bitcoin could soon be accepted in over a quarter of a million storefronts and retail locations this year."
-QUOTED FROM CRYPTOCOINSNEWS.COM

Special thanks to Cryptocurrencies.com [If you happen to stumble upon this article for reasons unknown. Yeah, Thanks! Incase you are wondering why, i quoted you word for word. Cheers!.

The Chinese in particularly this company Bitmain Technologies pretty much owns the mining industry,
They build ASIC cards for mining and also owns Hashnest for cloud mining contracts.
See screenshot below

They are the biggest in the industry and am heavily invested for the interest of China.
Let us understand China what use does BitCoin have in China.

A Chinese citizen today based on the Law of china.

China law forbids anyone from sending out of China more than USD$50,000 in any given year without government approval and it is virtually impossible to get this approval to buy a house overseas. So the odds are overwhelming that we will not be successfully in helping this person get more than $50,000 out of China and we are not going to help in getting the money out illegally. There are sometimes some legal workarounds, but for us to know if there are any in this case, we would need to be retained and we would need to know a lot more facts.

Because of this,
The truth is that there are exchanges operating in china even though there are some that has been taken down,
newly opened exchanges are in trend now and this will continue to happen drawing reference from past findings about the Chinese.
If they are determined they will.
Heard of Chinese owned companies or investors?
How do you think they transfer their funds across boarders? you go figure.

The other main driver are also Chinese miners who are generally hackers from china, and they themselves believe that one day,
BitCoin will be the global currency for them to participate in the global network/market/investments and it strength and value will be more prominent then the local YUAN itself.

See video snipet from VICE News on youtube. [The only true independent journalist team i digest my global affairs and news from, You should too www.vice.com

The first portion of the video explains what mining is all about.
So if are interested in mining with rigs please watch the clip and digest then do a little research on mining with rigs or just buy Hashnest's Antminers.

3.24 minutes on-wards till 4.20 it explains the importance and significance of BitCoin against the Chinese Yuan and that the government has nothing against it.

Please be mindful before playing the video that this video was published on the 6th of February 2015.
These are the visions those hackers in Chain had even then and prices for BitCoins were way lower compared to now.
They most probably had multiplied since they last spoke to Vice.

Please enjoy the Video.

With that video being said,
This are all driving factors that will continue to expand the BitCoin network.

My very straight forward advice is...
At this current time it is a no brainer to trade BitCoins now more so if you understand Ethereum,LiteCoins,Dash,Monero and recently Steem :) but only if you know what you are dealing with at the least that is what i am into now.

Now let us do a quick understanding about mining.
To drive it to detail you must first understand the blockchain but that will be for another time.

So i will give you my take on Mining.

I have had my opportunity to mine with rigs in my days.
Unfortunately the experience was not really a good one.

Primarily due to the reasons below,
NOISE.
HEAT .
ELECTRICITY COSTS.
INITIAL INVESTMENT.
ESPECIALLY MAINTENANCE WHEN IT STOPS MINING OR NOT GETTING THE RIGHT HASHRATE.

So if you ask me i say NO to personally owning your own rig.
However,
That is not the end.

You can start mining through WWW.GENESIS-MINING.COM please use the promo code Ryn5FE and you will get 3% off instantly on your contract purchase and you will receive loads of Karma and Love in return from the Karma God :) and ofcourse for supporting me. Thanks in advance! Cheers!
The dashboard looks something like this,

And here is where you key in the promo code Ryn5FE to enjoy 3% Off.

The reason why it is still fresh is course i am still pondering if i should do my first Youtube Video on my first HashPower Upgrade. So i can walk you in step by step.

So what this contract is,
Like what you see in the vice video, you are buying hashpower from the company who will continue to invest money to expand their hashpower in hopes to one day control the mining market. :)
We are just earning off through buying portions of it.
I will explain a little more in depth through my video in youtube.

These are also the ways i am currently investing my money in on other than trading cryptos to mine and collect BitCoins till 2024.

Hope you guys can catch this wave as the difficulty for mining will increase every year.

If there was a stern push for an answer to this article, then it will definitely be NO! It is never too late till its 2024!

Till next time!
Dnonomos
Cheers!
LOVE = PEACE
Share the LOVE guys!