It depends on what you want to do.
You have two options:
- Invest in bitcoin (buying)
- bitcoin trading
They are not the same. In actuality, there are two options that are rather unlike. I explain them to you:
How to invest in bitcoin?
As I told you, we are going to see the following ways that exist to invest in bitcoin:
1 – Buy Bitcoin
2 – Trading with Bitcoin
3 – Mining Bitcoin
4 – Bitcoin Stuff
Let's see one by one with their respective risks.
- Buy Bitcoin
You need to purchase bitcoin in order to maintain it. It is not to speculate, it is to have money from the future. Money that is shielded from Big Brother's abusive and confiscatory, corrupt hands, which are all around us.
Logically, you would invest with the idea that your money grows because you will be signing up for a long-term upward trend , but without caring too much if a specific year the price of your bitcoins is above or below that of the previous year. This is also known as holding.
In this case, you'll want to buy with the intention of accumulating. But you will not have a special interest in selling when the price rises.
Here, the logical and efficient thing is to take advantage of the contacts with the relevant supports to accumulate bitcoin. Stronger the lower the price falls. It has no mystery.
Can you go lower?
Of course.
But, as an investor, you don't care; you even like it: because you know that the underlying trend is bullish and because that gives you opportunities to accumulate more and at a better price.
Anyway, here's an in-depth analysis and bitcoin chart forecast, so you don't miss a thing.
- Bitcoin Trading
Trading with bitcoin is already much more delicate and carries more risk: It consists of buying and selling, taking advantage of price changes. You can even make money on the dips by going short. It is usually much more beneficial than buying bitcoin if you know how to do it well and with a head.
But beware, that trading, even with cryptocurrencies, is not a game and you must train yourself to do it in an effective and profitable way. Everything else will only lead you to waste time and money in indecent amounts. The money can be recovered, but the time lost cannot, and that is very frustrating.
Therefore, if you want to learn how to do it correctly and not get discouraged along the way, I leave you here our complete trading course, if this is what interests you.
If you want bitcoin buy and sell signals, I'm not going to give them to you in a blog post, because it's not their mission. But you will find them in the Trading Circle, where we constantly trade cryptocurrencies (and stocks and other products, of course).
- Mining Bitcoin
It consists of grouping a set of transactions in a block, which will later be validated by the nodes.
To mine bitcoin, you will need a very powerful computer to be able to form a block, pass the proof of work and thus obtain a reward.
The payout for mining Bitcoin is in BTC.
Cryptocurrencies can be subject to large price fluctuations. This means that your reward can be good, but also bad.
To use bitcoin mining, you must have extensive knowledge on the subject. In addition, you must be able to tolerate risks.
- Bitcoin Stuff
It is not a step to follow, rather it is a solution.
This physical bitcoin wallet to store bitcoin is revolutionizing the Cryptocurrency market. And because?
If money costs less than yesterday, and each day that passes, it loses value, the important thing is to save it as if it were gold.
This is where Bitcoin Material plays a key role. Bitcoin has proven to be one of the most profitable investments in the world today, but most people still don't know how it is safely stored long-term.
With this wallet, your bitcoins will be safe, since it is a very secure wallet, which is not connected to the Internet: it resists hackers, fires and floods.