Tuesday, November 28, 2017

Investing in Bitcoin: Is there still time or is it already too late?

It would not be Bitcoin without all the drama and unprecedented growth in particular. The question is whether this seemingly infinite growth could last forever. Probably not, although being a deflationary currency, there is some potential for it. 

In reality, the thing that sets the price of Bitcoin more than any technical factor is the demand. Neither forks nor fees matter. What does matter is the large number of people interested in Bitcoin, which can be illustrated by the daily Coinbase user growth of about 100 000 new accounts. Therefore, it is no wonder that Bitcoin’s value reaches $7000.

The rapid growth of Bitcoin

Many people think that the recent growth rate is at its peak. However, this perception is false. Bitcoin experienced the steepest increase in value in 2011 after being introduced to crypto exchanges. 

In a few months, its price skyrocketed 350 times (from $0,10 to $35) and later fell to $2. The second bubble swelled in 2013 when Bitcoin’s value soared 100 times (from $11 to $1100). The next year its price decreased by 80% to roughly $200.

And we are getting to the year of 2017. At the beginning of the year, the exchange rate fluctuated around $1000. Over the course of the year, it has risen “only” about ten times. Although the current situation brings about media and public attention, the past growth of Bitcoin was significantly steeper.

Traditional investment using Bitcoin exchange

The concept of investing in Bitcoin is simple. You make the purchase, wait until its value rises and finally sell the coins for profit. Bitcoins and other cryptocurrencies can be bought through bitcoinmats or Bitcoin exchanges. 

Coinmate is a popular trading platform in the many European countries that allows its users to buy and sell Bitcoins using Pound, dollar or euro. One of the foreign exchanges worth mentioning is Coinbase where you can get an additional $10 when your investment in Bitcoin, Ethereum or Litecoin exceeds $100.

Bitcoin keeps surpassing its own records. Though it is true that a growth has been repeatedly accompanied by a steep decline, Bitcoin has always found its way back and reached its all-time high. 

Accordingly, anyone in a long-term possession of Bitcoin has profited from this development. However, in times of decreasing value, many people panic and start selling their Bitcoins which they later regret.

Main disadvantages of a long-term investment

There are a few disadvantages of Bitcoin purchase and long-term possession. Firstly, you have to endure and get through the times when Bitcoin value drops. Secondly, you have to make sure your digital coins are safely stored to minimize the risk of cyber-theft. 

However, if you decide to trade cryptocurrencies using CFD, you do not have to be worried about any of that. Another great thing about CFD is that it allows you to make money even when the Bitcoin price is going down.

CFD is a trading tool offering the possibility to profit from cryptocurrencies without really buying them. CFD can be traded using digital platforms of CFD brokers. The licensed broker Plus500 enables you to trade ten different cryptocurrencies including Bitcoin. 

It supports the 21 languages and has very tight spreads. Furthermore, the broker provides a free demo account that you can access and try a risk-free trading.


  1. Keep your private key(s) private and never share with anyone. It is very important to backup your wallet’s private key and any other credentials for offline storage more. Failing to backup could result in the loss of your Bitcoin holdings if you should ever lose the device on which the wallet is installed.

  2. The fastest and the easiest way to purchase the coin are to find websites that allow you to buy Bitcoins using credit card. You simply register, choose the amount of Bitcoin (BTC) you want to buy and then click Buy. The website will charge to your credit card and you will have your Bitcoins, Fast and easy more on this here.

  3. These people contend to mine these bitcoins, by utilizing PC equipment to take care of troublesome math issues. Diggers put a great deal of cash in equipment.Hashkon ICO


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