Investing in Cryptocurrencies; Bitcoin and Litecoin
If you don't already know, Bitcoin is a virtual currency (also known as a cryptocurrency). Bitcoin is like the gold coin in cryptocurrencies. The exchange rate for Bitcoin is so high and is worht a lot of money and will always go up. Btc-Usd=$2330.05 and Btc-Aud=$3007.54. Investing in Bitcoin is a lot more difficult and complex than you think.
Before investing in Bitcoin you must first create a Bitcoin Wallet. Bitcoin wallets is what essentially keeps your bitcoins in it safely. Now I know what you're probably thinking "Whats the point in investing in Bitcoin if your can't use it anywhere", well actually, you can make money of it buy letting a small amount of bitcoin sit in your wallet for a couple of years and the worht of the bitcoin would have tripled making you profit than you would sell it at the site Coin Base https://www.coinbase.com/join I recommend the site Blockchain at https://www.blockchain.com/.
There are two methods in investing in Bitcoin, the first, buying a certain amount of a bitcoin (e.g. $500=0.15 of a Bitcoin) than let it sit in your Bitcoin wallet for a couple of years and the amount of money you invested in it would have trippled due to the fact that bitcoin will never be worth less than $2000 and Bitcoin is frequently rising. The second method in investing in Bitcoin is Bitcoin Mining. The ways you can make money just by buying and holding Bitcoin for a 2-3 year duration is the worth of Bitcoin goes causing the amount of Bitcoin you invested $500 in is now worth $1000. Bitcoin Mining is were your computer solves a bunch of mathamatical problems and gets rewarded with Bitcoin. Of Course you need to download Bitcoin Mining software but you can't just download and install Bitcoin Mining software on you local PC because you need to know that the PC your using is recieving enough Bitcoins to pay for electricity and pay for the internet. So I recommend you just to go on a website and pay someone to do it for you. So in other words, you pay for the software and they will start mining for you, they will pay for the electricity cost using your Bitcoin, Take a certain percent of the profit and the rest goes to you.
Now this might sound doggy, con and weird that they would just give away free bitcoin like that but the more that people use Bitcoin the higher the worth of it is. You might think that Bitcoin could just collapse and be worth nothing, but like I said before Bitcoin will never reach the worth below $2000 Aud, and Bitcoin is a self-sustainable economy, in other words it doesn't need support to sustain and it will be less likely for the worth of the currency to go down.
I hope that you've learned a bit today about Bitcoin and the best way to invest in. Please upvote and like, Thank you.
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