Bitcoin

in #bitcoin6 years ago

For those who know nothing about Bitcoin, there are basically 4 ways of investing:

  • Buy, hold and sell
    It's the most common method that every day all around is using. Basically, you buy in cheap, hold than sell of course when the price is higher to your prior position. Unfortunately, the price of a single Bitcoin is too high now for most of us but there is good news; you can a small fraction or portion of one Bitcoin. That makes you automatically in game.

  • Mining
    Mining is basically didding for Gold or in this case, mining algorithms. Bitcoin mining is often thought of as the way to create new bitcoins. But that's really just a secondary purpose. The primary importance of mining is to ensure that all participants have a consistent view of the Bitcoin data. Because Bitcoin is a distributed peer-to-peer system, there is no central database that keeps track of who owns bitcoins. Instead, the log of all transactions is distributed across the network.

  • Trading
    You can trade Bitcoins and a thousand coins more 24/7 and the market does not close never but the rate fluctuates a lot. Sometimes the system can not handle the massive overload of the unconfirmed transaction from time to time.
    ICO stands for Initial Coin Offering might be another alternate choice as the price usually rises very fast after launch in the market as the stocks sometimes behave. Besides, we even have since last December Bitcoin Futures!

  • Mining Contract
    It just means buying into Bitcoins investment plans from companies which mined or trade Bitcoins. In return, the company will pay you an average or porcentage on the funds you buy into. You can also compound and reinvest the daily % earned to grow your investment faster!

PS : contra to popular believe, a lot of people thought that you need a lot of money to star investing in Bitcoin. The answer is No!!!

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