Friday, 26 May 2017

First step to be a bitcoin billionare...

Image result for bitcoin


Bitcoin, world's leading currency or cryptocurrency, known for its hi fi exchange rates of over 2,700$ per Bitcoin, is the one of the fastest growing markets around the world.

According to Investopedia, Since birth in 2009, Bitcoins first two years were a bit fizzy with not much hike but from 2011 to 2013 a growth of over 300% was registered, along with a record 500% increase in value in 2016.

Businesses are curiously marching ahead to adopt this new baby in finance world, most of the venture capitalists have accepted its existence with a whopping 500 million$ investment in bitcoin last year.

Don't get excited too much.

Its just the beginning..........Just wait & watch !

Image result for investment chart in bitcoin 2017

So the quesion arises, while most of the giant & small businesses are going for bitcoin, how can you be a part of it?

The most common & basic site to opt for, while starting to invest as a newbie in bitcoins, is the Coinbase, where you can simply buy bitcoins at your favorite rates & sell them later or vice versa.

You can also opt for auto exchange where everything is automatic, just set a date with time & buying, selling of Bitcoins will take place on auto pilot based on your selected time schedule.

For example, you can set your wallet to buy 100 bitcoins on 1 June, 2017 at 1 PM & sell the same on your lucky day of the week, at a preferred time.

But i won't recommend this option cause you can loose big time, here rates changes color like a lizard, sometimes things go really bizarre.

There are some things, i would personally recommend:

  • Open an account with Coinbase for hustle free investment.
  • Or go for the Local Bitcoin for offline exchange, if you are a victim of busy schedule.
  • Make sure to connect your wallet to your bank account.

Better to link your bank account with Coinbase wallet & enjoy the ride with payments directly into your account, if you sell 100 bitcoins, a bank msg will make you go crazy, "2,70,000$ credited".

Local bitcoin is a site for potential buyer & seller with huge pockets, who even buy & sell offline, its a bit cheeky cause sometimes problem can occur.

Wrapping it up

First of all, i would like to congratulate you on entering the world of bitcoin & talking about your bitcoin investment partner wallet, you can choose either Coinbase or Local Bitcoin.

But my recommendation would be KISS....Keep it sweet & simple.

Go with Coinbase.