The Bitcoin Buzz
With all the buzz about bitcoin the last few years many people are asking, “is bitcoin a good investment?”
Disclaimer…Before I answer that question I want to say that I am not a financial adviser and the information on this site is informational only and not to be used as investment advice..
Hans here again with Recession Proof For Life. I want to talk about investing in Bitcoin Today. On this page I am going to show you how you can purchase bitcoin, trade bitcoin and earn bitcoin.
A Brief Bitcoin History
Bitcoin is a Crypto-Currency that has been around since 2008. In the beginning bitcoin was worth less than one cent USD. Over the years the price of bitcoin has fluctuated with great volatility. In 2017 Bitcoin reached an all-time high of nearly $20,000 USD. How would you like to have bought in 2008 and sold in 2017?! Over the last few years bitcoin has proven to be a real contender in the online world.
So, is Bitcoin a good investment? I suppose it depends on how you look at it. The good thing about bitcoin is that many companies are accepting it as payment now. Also, there are different ways to invest in bitcoin other than just buying bitcoin and relying only on the price to fluctuate.
How To Buy Bitcoin
Because Bitcoin is not a physical currency it can be difficult to understand and some people dismiss it as something they are incapable of understanding. However, if you can look at it as a valuable commodity that you can own, trade and earn, it may be easier to understand.
In order to buy bitcoin you need to have a Bitcoin wallet. There are many bitcoin wallets available. For this example, I’m going to be using CoinBase. I will be showing you step by step how to buy Bitcoin.
First, Go to Coinbase website to create your Bitcoin Wallet.
Next log into your account and go to settings. Once you login it will look like this….
Click on the profile picture and you will see a drop down menu. Choose settings…
From there You can click on Linked accounts. Than click on Link New Account….
You will see several options for the type of account you want to add. Choose whether you would like to add a bank account, a paypal account or a debit card. Please note that if you choose a bank account you will need to verify that account and you may not be able to purchase bitcoin immediately. There can be a waiting period to verify that account.
Once you have linked a payment account you are ready to purchase your first bitcoin!
You should be on the same screen you were when you linked your account. Now you can click the trade button up by your profile picture. You will see options for buy, sell or trade.
Now you will see you can choose different options of crypto – currency. Bitcoin should be chosen already. You can also choose the payment option you would like to use. Enter the dollar amount you would like to buy. You must purchase a minimum of $2.00 worth of bitcoin.
You will then click Buy Now.
The site will take you through a verification process where you will confirm the purchase via email. Once confirmed you have successfully purchased your first Bitcoin!
Now that you have your Bitcoin you can watch the price fluctuate and see your profile increase and decrease with the fluctuating price of Bitcoin.
Once the price gets to a point you would like to sell it you can do that in a similar fashion.
How To Sell Bitcoin
Since we are looking at whether or not Bitcoin is a good investment you will want to be able to sell your bitcoin when the price is right. This is part of finding out if Bitcoin is a good investment. Over the past few years the volatility of Bitcoin has made it a potentially great investment. If you can manipulate the price where you buy low and sell high than you can make an excellent return on your investment.
When using CoinBase you can sell your bitcoin using the same method you used to buy it. Simply click trade and click on sell instead of buy. Enter the amount you wish to sell or choose sell all. Again, Coinbase will send you an email confirmation. Once you have confirmed it, you will have the money available to you.
The funds will be in your USD wallet in Coinbase. You than choose the linked account you want to transfer your money to, and within a few days you have the funds back into your bank account or whichever account you choose.
There are other ways to earn money with bitcoin.
How To Trade Bitcoin
Trading Bitcoin can be a profitable way to earn money online. Using C0inbase you can trade your bitcoin in 2 different way.
One way to trade bitcoin is to buy at a low price and sell when the price increases. You can do this within Coinbase the way I showed you above. However, keep in mind Coinbase does charge a fee for buying and selling.
The other way you can trade bitcoin is to convert it to other Crypto-currency. Coinbase does not charge for converting your bitcoin to other Crypto – Currency. Sometimes you can earn by trading other currencies.
Other Ways To Earn Bitcoin
You still may not know if Bitcoin is a good investment. Let me show you another way you can earn with Bitcoin. There are several Bitcoin programs available online. Many promise great returns for your bitcoin investment. Please be cautious. Many of these sites are scams.
Today I’m going to show you one that is doing well and offers honest returns. The company is Hashfinders. Hashfinders specializes in blockchain, cryptography and mining algorithms. In laymen’s terms that means the creators of Hashfinders are very smart when it comes to how bitcoin works.
In my humble opinion this makes Hashfinders a very good investment. As I stated earlier I am not a financial advisor and this information should be taken as information only. Having said that, I would highly recommend looking into the earnings available at Hashfinders.
If you are looking for a way to earn Bitcoin, you can start by purchasing a hash package from hashfinders. It’s very simple to start earning bitcoin with Hashfinders. I can show you 3 simple steps.
Step 1: Create your own bitcoin wallet account and purchase Some bitcoin.
Step 2: Create Your Hashfinders Account. This is free to sign up and you will be able to start buying hash packages which will produce daily bitcoin for you.
Step 3: Buy Hash Packages and start earning 0.5% upto 1.5% everyday on your packages. If you purchase a minimum of $1,000.00 package you will earn daily bitcoin automatically. The lower cost packages earn also, but you must perform a simple task each day.
Through their extensive research and understanding of the bitcoin network, Hashfinders has developed a software that allows them to speed up the bitcoin network. The popularity of bitcoin has caused transactions to slow down. Each transaction must be verified and the verification process takes time. Some Bitcoin processors will pay a premium to accelerate their transactions. This is one way Hashfinders earns a profit.
Hashfinders shares their profits with their members. As a member you put money into the company in the form of bitcoin. You receive packages that pay you out 200% of your purchase. In essence you will double your money once the package fully matures.
Along with daily earning, Hashfinders also offers commission for any new members you refer to the company.
For more information see my Hashfinders review.
Hopefully you found this article helpful. If you are looking to start a bitcoin account or even earn some extra money using bitcoin, the opportunities are virtually endless. Please, be advised there are many bitcoin scams and the only program I can recommend without hesitation is Hashfinders.com.
Please comment below to let me know what you think of my writing and any experiences you have had with Bitcoin. Feel free to contact me with any questions as well. By now, you should be able to give an educated answer to the question, “is bitcoin a good investment?”
call or text: 682.593.3366