7 key points to remember before Bitcoin Investment ( updated 2020 )
Sunny Jain July 6, 2020
How to go for the Bitcoin investment?
Bitcoin investment is a complicated process. If you are in the mood of investing in it, then you don’t have to understand computer programming. Instead, you all need to understand the risks and other things that you may face when going to invest in it. Many things come to your mind when you are thinking about investment. The guide here will help you with it and make it look easy for you.
Why go for Bitcoin investment?
The reasons for investing in the Bitcoins are as follows.
a) They are scarce.
Data analyzing in exchange stock market: the candle chars on display. Analytics price change cryptocurrency BTC to USD (Bitcoin / US Dollar), the most popular pair in the world.
If you look at it, then you must know that these coins are rare. In the whole world, there will be only 21 million Bitcoins, and for that, it will become hard and hard to mine. As time passes and more coins are mined, the price of the coins will start to rise dramatically. For all that reason, it is best to say that they are suitable for investment.
b) Bitcoins are useful.
When you are heading for the investment, then you all can find that they are very much good in it. The predictions of price and other monetary things are very much predictable. Apart from that all, there are new bitcoins as well which you all create it and transaction is done in the right way.
The best part of investing in it is that you can send it anywhere in the world. To do that all, you don’t need any bank permissions or other documents as well. It is the cross border money and can is valid in all countries.
c) Price of the cryptocurrency.
As of now, there is nobody who fixes the cost of the coins. If you are wondering about is bitcoin a good investment? Then for you, it is a huge Yes. The price of the coins depends on the demand and supply, and it keeps on changing rapidly. It may be volatile, but still, it is the best one for you that you can have for yourself.
If you look at the current status, then the price of 1 bitcoin in India is around 8 lakhs. But yes, when you are reading it, it may go up or even come down as well. So, always keep on checking the price of it at regular intervals.
Steps to start investing in Bitcoins:
For the users who all are ready to invest in, it needs to know about other things as well. For all these things, it is always the best idea for you all to get in touch with these steps. It is the easiest way to invest in it.
Step 1: Create a Bitcoin wallet.
For all users who all are ready for it needs to create the wallet. It is called a Bitcoin wallet, and it is the very first step. You can open your wallet by registering with any top cryptocurrency store and registering yourself in their app. After doing that you will be getting your wallet from where you can store and sell your coins quickly.
Step 2: Connect your wallet with a bank account.
After creating a wallet, you need to connect your bank account with it. In such a scenario, it is always the best method for you to handle these things in the right way, and it can be done in this way. As you connect the bank account, now you can easily buy the coins directly from your credit cards and debit cards. Apart from that all, when you sell it, your money will be credited to your account quickly. So, for all these things, it is best for you to connect the bank account before bitcoin investment plans.
Step 3: Get to BitXmi Exchange.
The next thing that you all need to head for BITXmi exchange centre. It is one of the most popular platform for you. When you will visit, you can find best currency exchange rates and it comes with other options as well. Apart from that all, you can get best discounts as well.
Step 4: Order your BTC.
After doing all the above three steps correctly, now you are all set for placing your order. It is the crucial steps, and for that, you need to spend thousands or lakhs of money. When you are buying any BTC, always check the current market value and proceed as per it.
For all of you, you can get the best option for bitcoin investment in India. So, these are the different steps that you need to follow to start with the BTC investment in India. But there are some users who all want to mine the BTC for free.
Is it really easy to mine it for free?
For all the users who all are in the mood of free bitcoin mining without investment must follow these ways:
Airdrops are the free distribution of the BTC. They are rare and are done usually for the marketing purpose of the new crypto project. To do that all, you need to complete some other things as well. To get a free BTC, you need to download the wallet of the app, invite a friend and then sign up via email. After doing that
Share it in social media, and you may get the BTC.
Most of the time, free giveaways happen in referral programs. It is the most popular way of giving the BTC for free and for that all, it can easily promote the services for you all. It is seen that it will provide you with the referral link and you can easily share with the friends and in your social media accounts.
The next best way to get the tokens is by browsing in the Brave browsers. This browser is like standard web browsers, but it is fast and fully secure. When you browse in it, it provides you with BAT tokens which you will get by clicking their ads. By that way, they all promote it for you all.