What are Bitcoins & How to Invest in Bitcoins

in #bitcoin7 years ago (edited)

Future Currency BITCOIN ????  You can earn Billion from Bitcoins. Check the latest Price of 1 Bitcoins and starting price you gonna amaze .   Today we all use Coins, Notes to purchase things in the market  and it may probably possible that some of them are in your pocket right  now. Same as with Bitcoin, it is a currency which gonna be future currency for exchanging or in trading . But you can’t touch  it, feel it & can’t see it. It is a virtual currency which is also known as cryptocurrency. It can be  digitally stored or generate only. 

 You can purchase things by using  Bitcoin but it doesn’t have any physical appearance or dimension. In a simple  language, you can say it is just like   amazon pay in amazon shopping. 

 You can’t touch your  amazon pay money but you convert it into real or physical  currency and you can purchase things by using your  amazon shopping. Same as  with Bitcoins you can convert them into real currency like USD and you can  purchase or use them at only those places where they are accepted.  

 What are Bitcoins and its Origin?

 

As clear from above para that bitcoin is a digital currency which  doesn’t have any physical appearance. But if we talk about its category  it will fall in the category of cryptocurrency. Crypto means coding  which originates through cryptography (a type of coding  language).

Bitcoins was Launched as a currency in the year 2009  with the price of 0.004 USD per Bitcoin. It was founded by a person named  Satoshi Nakamoto. But no one knows where is that person and will he  actually exist. Upon some researches on the internet I found that  Satoshi Nakamoto was not a person, actually it is a group of 4 companies  name Samsung, Toshiba Nakamichi and Motorola. BUT yet a mysthery...

Bitcoin  fluctuate due to demand and supply. If demand rises the price of bitcoin  rises but if demand decreases the price of bitcoin decreases. As paisa  is smallest unit of Rupee same as the smallest unit of bitcoin is  Satoshi. One Bitcoin has 100000000 Satoshis. 

 Is it safe to invest in Bitcoin ?

 

Investment  in any crypto currency is niether risk free. But if you have some  knowledge about it then you can earn a very good profit from it.

It all depends on your  knowledge. If you think that in future bitcoins price will rise then you  should invest in them. But if your prediction becomes wrong then you  can bear a great loss..

So how you can know that is it right time  to invest in bitcoin. I will tell you.. The current average price of  bitcoin is nearly  2460$ to 2700$ ( only for 1-2 days). So if you  find the price is lower then 2460$ then you should buy it. If the price  is more then 2512$ then you should wait for its price fall.

(Note:-  the above price is for short term profit means you can earn 1000$-2000$ in 3-4 days if you follow above price range)but if you want profit  for long term then you can invest any time. Because some of its experts  told that in 2020 its price will be go far of 10000$.

 Do You Know : – The Person who invest only 100 dollars in bitcoins in 2009 is now 82 million dollar rich…… 


 

Conclusion

So,  at last, we only say that the investment in bitcoin is not risk free  but if you have some knowledge about it then you can earn huge profit.  And remember the above price rate i gave was just my assumption it can  different for different. You please invest at your own risk never  depends on our assumptions. For upcoming post on cryptocurrency keep  updated with us. 

Invest Bitcoins.   But after gaining some market knowledge. Start SLOWLY and play HARD....