HFM information and reviews
HFM
96%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%
MultiBank Group information and reviews
MultiBank Group
84%

Is the time ripe for a bitcoin investment?


Investing in cryptocurrency such as making a bitcoin investment has been possible for some time, but it took a long time to gain traction by the masses for several reasons – bitcoin was new, it was technical and, for many, it was hard to understand. Additionally, it was unregulated and decentralised, tax implications were unknown, and for many investors, bitcoin was too different and too untested.

In fact, the inventor or founder of bitcoin was even unknown! Though recognised as Satoshi Nakamoto, it is not clear if that is a person, a group of people or something else altogether! Even some 10 years since its founding, its creator has still not been identified, which, for some investors, might be another reason to stay clear, at least for now.

Bitcoin drew the attention very quickly. It was an intriguing payment method for millions of investors, and it promised a revolution for finance. The most exciting thing about bitcoin is that payment transactions do not require to go through the intermediary. Thus, it eliminates the bank role, making all transactions processed directly from one user to another. Another significant benefit of this digital currency is that all the transactions are verified through cryptography. It ensures bank-level security (since banks also use cryptography) and does not give anybody access to funds of other users.

Thanks to security, transparency, and distributed model, bitcoin has become a valuable asset. People get bitcoins by mining – the process when the hardware is programmed to do calculations for the Bitcoin network. This process allows miners to receive digital coins as rewards. At the same time, it increases security. However, it is a complex way to receive bitcoins. But more and more traders prefer a more accessible option – bitcoin investments.

During its 10-year history, the idea of a bitcoin investment has become more widely accepted, especially by less risk-adverse, more technical-leaning traders.. At the tail end of 2017, when the price of the cryptocurrency climbed higher and higher, investors were investing! The crypto coin reached a high on 20 December 2017 at $19,783.21, having bounded up quickly in the preceding months.

But that is the way it often is: when prices are going where you want them, whether up or down, it can look like a great time to invest. And it might be: but choosing when to invest, when to buy and when to sell, should be based on many factors. These include a lot of analysis (fundamental analysis and technical) as well as thoughtful preparation and understanding of your trading goals – and not just rising (or lowering) value. You might want to ask yourself:

Recognising A Good Time to Invest in Bitcoin

Whatever your answers, many people do choose to make a bitcoin investment based on emotion, which experts generally recommend against. So, when would be a good time to invest in Bitcoin? When you’ve evaluated the data, understand the technology and perhaps the alternatives, and after careful study have a good sense that the time is right based on, largely, analysis.

Is The Time Right for Investing in Cryptocurrency

Bitcoin and the other cryptocurrencies – and there are scores of them – are considered quite volatile, with prices changing often, sometimes modestly, sometimes more wildly. As we know, volatility can be a useful tool for certain investors, such as day traders. But if you considering making a bitcoin investment or are thinking of investing in cryptocurrency in general (or any other asset, actually), it makes sense to study, read, talk to experts, analyse, and then decide if investing in a crypto is right for you. Because while investing in bitcoin might be a great move, it might not be. Better to have as much info as possible before you decide to jump into a bitcoin investment.

How to Invest in Bitcoin

When you’ve decided bitcoin investment is right for you, you have a few choices. You can open a cryptocurrency wallet or buy a mining rig, or you can choose to invest in bitcoin via a CFD. CFDs let you trade on the price of an asset without being bound by having bought the asset, and CFDs also provide traders with the added benefit of being able to trade on a rising or falling asset.

Investing in cryptocurrency or making a bitcoin investment might be right for some traders. It’s cool and it sets out to do something that would change the world. It makes sense that some people are going to want to invest in it.

If you think you might be one of them, do you research, learn all you can, and then decide if a bitcoin investment is right for you. If it’s a go, check out the bitcoin CFD offering here at ROInvesting, where you can trade bitcoin via CFDs with leverage and other benefits including not needing to worry about those pesky bitcoin wallets.


RELATED

Analyzing Cryptocurrencies: Key Notions

Today few professionals can boast of an impeccable trading process with cryptocurrencies - there are many nuances. In our article...

What is a Decentralised Autonomous Organisation (DAO)?

DAO is the new buzzword in the array of crypto offerings aiming to disrupt the traditional models of collaboration and organisation. A DAO can be used to create...

A Deep Dive into Long and Short Positions: Empowering the Modern Investor

In the ever-fluctuating world of trading, a multifaceted comprehension of long and short positions stands paramount. This profound understanding enables investors...

What Is A Crypto Airdrop And How Does It Work?

You might have heard about crypto token airdrops as a popular way to get free cryptocurrency with little to no effort involved. In most cases, the offer of something free...

All About Forex Day Trading

Day trading refers to the speculation on buying and selling a financial instrument within a single trading day and it is actually a very popular short-term trading strategy...

Advantages and disadvantages of forex rebate

If you are really concerned about your profit on the forex market you should definitely use one of the mayor forex rebate providers...

NFTs vs. cryptocurrency vs. digital currency: What’s the difference?

Non-fungible tokens, or NFTs, are rapidly evolving digital assets that can represent real, authentic items and can be in the form of music, fashion, art, sports and more...

HotForex Grand Seminar 2018

Our webinars are designed to improve your FX knowledge and help you hone your trading skills to give you the confidence you need to trade the markets...

What Factors Influence Tezos (XTZ) Token Price?

Cryptocurrency continues to gain more and more attention with time. The systemic worries that accompany traditional assets, including stock fiat currencies...

Smart contracts explained: What is a smart contract?

Smart contracts play an integral role in the blockchain ecosystem, enabling the creation of decentralised applications (DApps) and programmable payments. In this guide, we will explain...

Pros and cons of trading Forex with Bitcoin

Cryptocurrencies are gaining popularity again. It's the perfect opportunity to use them for your trading portfolio, especially the ever-popular Bitcoin. Here's a short...

IOTA: Will It Transform IoT and Rise?

From smartwatches and home appliances to self-driving cars, the ecosystem IoT (Internet of Things) has grown to cover all kinds of devices. That said, we expect...

Banking Forex: advantages and disadvantages

Without exaggeration, currency pairs can be called the most popular financial instrument. The instability of the exchange rate, combined with the high threshold of credit...

Margin and leverage. What exactly is margin trading?

Margin trading refers to trading with leverage, therefore opening up the possibility of a higher ROI. Leverage is a key forex trading term and is explained in the next section...

Libertex: Tesla Stocks. Should You Buy and Trade?

Tesla is a well-known company. It's famous for its outstanding, high-tech products. When people hear Tesla, they think about something modern, going to the future...

What Is Cosmos Crypto?

Scalability and interoperability have been two significant problems for the blockchain world. There are a handful of options for interoperable blockchain networks...

Dogecoin: Has the Hype Faded?

Dogecoin (DOGE) has been enjoying the newfound attention this year. So far, it has accumulated a market capitalization of more than $40 billion and ranks #6 largest digital currency...

Forget About Sweating Over Trading Charts And Earn Passive Income With Cryptocurrencies

No one is going to argue the fact that cryptocurrencies are among the most profit-bearing assets on the contemporary financial market while also being designed to be easily...

Deep Dive into the Crypto Lexicon: NGMI vs WAGMI

The world of cryptocurrency is not just about trading and investing; it's also about a culture that has its unique language. Terms like HODL, which is shorthand...

Bitcoin Cash: Will It Reach Great Heights Again?

All financial markets have ups and downs, and Bitcoin Cash fits this rule just like any other cryptocurrency. But due to the novelty, these cycles of increase or decrease...

XM information and reviews
XM
82%
FP Markets information and reviews
FP Markets
81%
FXTM information and reviews
FXTM
80%
AMarkets information and reviews
AMarkets
79%
Octa information and reviews
Octa
79%
BlackBull information and reviews
BlackBull
78%

© 2006-2024 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.