Tread carefully when investing in bitcoin, as past performance of bitcoin is not a prediction of future results either! Once again, nobody knows what the price will be in the future.
People buy gold as an investment for the future, and similarly investors also buy bitcoin, in the belief that it will appreciate in value in the future. For centuries gold has been seen as valuable all around the world and now that bitcoin is around, it too is starting to be seen as a store of value due to its usefulness and scarcity.
Like gold, to invest in bitcoin, usually means to buy bitcoin and store it safely and securely, in order to sell it at a future date for a profit.
Some people might keep Kruger Rands in a safe as an investment, while other keep bitcoin wallets. The simplest way that the average person can invest in Bitcoin is to buy some on a bitcoin exchange.
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Bitcoin works the same way…you do not need to buy a whole entire bitcoin, you can buy bitcoin to the value of the amount you would like to spend. If you want to buy bitcoin to the value of R, R, or even R1 million, you can do that. What is the minimum investment amount? There is no real minimum amount when it comes to bitcoin, but to see any real return on your investment, you should invest enough to make it worth your while.
Since the price of bitcoin is volatile, it is not recommended to invest money that you will need desperately in the foreseeable future. Most people agree that to see the best benefits, a bitcoin investment should be considered a long term investment. Buying bitcoin over time The bitcoin price volatility has been steadily decreasing over the last few years, but even so, a single large investment into bitcoin is not always the best choice, often it can be wiser to invest a smaller amount at regular intervals.
They do this by buying fixed amounts of bitcoin on a regular schedule, regardless of what the price is on the day. So as an example, you might buy R worth of bitcoin, regardless of price of bitcoin, on the first day of every month. This would mean that you would purchase more bitcoin when the price goes lower and less bitcoin when the price goes high, but always the same fixed currency amount that you have decided on.
How much money will you make? Nobody can predict the future, and since bitcoin trades like a commodity, it is possible for you to make a great profit, or a huge loss, depending on when you buy and sell your bitcoin.
Trading successfully requires knowledge and practice. The trading market is occupied by very large players who are just waiting for newbies to come in and throw their money away by trading aimlessly.