Overall guide to investing in this specific cryptocurrency; pros, cons, investment strategies,
Why Invest in Bitcoin?
- It seems silly to some people that one bitcoin can be worth hundreds of dollars.
- What makes bitcoins valuable?
- Let’s look to gold as an example currency. There is a limited amount of gold on earth.
When is the right time to buy?
- Bitcoin is global and not affected by any single country’s financial situation or stability.
- For example, speculation about the Chinese Yuan devaluating has, in the past, caused more demand from China, which also pulled up the exchange rate on U.S. and Europe based exchanges.
How to Secure Bitcoins
As with anything valuable, hackers,thieves, and scammers will all be after your bitcoins, so securing your bitcoins is necessary.
If you’re serious about investing in bitcoin and see yourself buying a significant amount, we recommend using Bitcoin wallets that were built with security in mind.
- Ledger Nano S – Ledger is a Bitcoin security company that offers a wide range of secure Bitcoin storage devices. We currently see the Ledger Nano S as Ledger’s most secure wallet. Read more about the Ledger Nano or buy one.
- TREZOR – TREZOR is a hardware wallet that was built to secure bitcoins. It generates your Bitcoin private keys offline. Read more about TREZER or buy one.