Bitcoin has recently experienced an almost unprecedented boom in the fields of finance, technology, and even popular culture. The price of Bitcoin has risen astronomically to reach $18 440 on December 16th, 2017. This is great news for Bitcoin users who were at one point delighted with the idea of their currency reaching only a few hundred dollars per Bitcoin. Today, people are excited about seeing Bitcoin’s price rise above three digits again. For those not already involved in Bitcoin, these are exciting times that are sure to bring plenty of opportunities to buy or mine Bitcoin for relatively cheap prices before it reaches new highs again. However, most new users don’t understand how quickly the value of Bitcoin can multiply if you invest wisely. Bitcoin Up is one of the most authentic bitcoin trading platforms which can provide you with complete details about bitcoin trading.
Bitcoin Investment Tips Bitcoin is a hot commodity, but Bitcoin’s success hasn’t been an easy ride. Bitcoin was created in 2009 by Satoshi Nakamoto, a pseudonym who we still know nothing about today. Bitcoin started out as a small experiment and managed to become a global phenomenon over the course of a few years before it truly exploded in value in 2017. Bitcoin’s journey has included many ups and downs. Bitcoin had some major issues regarding slow transaction speeds and high transaction fees at one point back in early 2017, which resulted in Bitcoin splitting into Bitcoin Cash (BCH), Bitcoin Gold (BTG), Bitcoin Private (BTCP), and several other forks of Bitcoin that were smaller than Bitcoin Cash.
Bitcoin Investment Tips Today though these problems seem like a distant memory as Bitcoin’s price has grown from under $1 000 to over $18 000. Bitcoin has proven that it is a safe and reliable option for investors who want to use a decentralized currency instead of a fiat currency for their financial needs. Bitcoin’s success has inspired many imitators, but Bitcoin remains the most dominant player in the cryptocurrency market with thousands of new Bitcoin users joining every day.
1. Bitcoin Investment Tip: Bitcoin is better than gold!
When Bitcoin first came out, it was worth less than $0.01. Since then Bitcoin has seen its value increase to over $4,000 per Bitcoin. The best part about investing in Bitcoin is that there are no minimums; you can buy as much Bitcoin as you want. Even though the price of Bitcoin fluctuates every day, it has still increased massively since it started in 2009. For example, if someone bought just 3 bitcoins at $100 each when they came out, that person would have well over $3 million now. However if someone bought just 3 bitcoins at $4000 each recently, their investment would be around $12000 (minus fees).
2. Bitcoin Investment Tips: Bitcoin has no fees!
When people buy Bitcoin they do not have to pay any fees. The fee to transfer Bitcoin is a tiny fraction of a cent and can be found on the blockchain. People who use PayPal, Venmo, Cash App, or other apps to transfer money have to think about how much it will cost them before transferring money to someone else. Bitcoin doesn’t care if you are sending $100 or $1 million, your transaction won’t cost you anything extra as long as you aren’t trying to spam the network with unnecessary transactions.
This allows Bitcoin users to invest more freely without having to worry about hidden fees that may eat up their investment. For example, people investing in stocks may have less money after trading fees than they should have. Bitcoin has no trading fee so Bitcoin users can be sure that they are getting the full amount of Bitcoin that they earned or bought.
3. Bitcoin Investment Tips: Bitcoin is the most secure currency on Earth!
When you think of digital currencies, Bitcoin probably comes to mind first. This is because Bitcoin has more security than any other cryptocurrency. Bitcoin started as an open-sourced project and since then hackers have tried to hack into Bitcoin’s code multiple times, but every time the developers patched up any bugs found in the system allowing it to become more and more secure over time, so much so that now Bitcoin would take supercomputer millions of years to hack through all of its encryption. Some Bitcoins even have a special encrypting chip embedded in them that makes them even more secure. Bitcoin has become so secure, in fact, that many banks and governments are using Bitcoin’s blockchain technology to make their own currencies more secure.
