Sun. Nov 17th, 2019

Here’s What You Need to Know Before Investing in Bitcoin in 2019

3 min read
cryptosine

Interested in investing in digital assets? Then you must know about “Bitcoin”.

In today’s article, we will discuss the most important things you need to know before investing in bitcoin in 2019. We will also talk about a certified bitcoin investment company later in this post. So, take some time to go through the rest of the article properly before you invest in bitcoin.

What is Bitcoin?

Bitcoin is the first cryptocurrency. It was created in 2009. This digital currency was created by an unknown person or group of people using the name Satoshi Nakamoto. The main difference between the physical currency and the cryptocurrency is that unlike the traditional monetary system, there is no central bank or single administrator controlling the cryptocurrency transactions or cash flow. Transactions are recorded in a public distributed ledger known as “Blockchain”. Since its inception, it has drawn the attention of many investors.

bitcoin investment

Some Important Stats about Bitcoin

Here are some important statistics regarding bitcoin:

  • The price was $0.30 per bitcoin in the beginning of 2011. It rose to $5.27 by 2012.
  • Bitcoin prices started at $5.27 in 2012 and rose to $13.30 for the year.
  • Prices started at $13.30 in 2013 and rose to $770 by 1st January’ 2014.
  • In 2014, bitcoin prices started at $770 falling to $314 by 2015.
  • Prices started at $314 in 2015 rising to $434 for the year.
  • Prices rose to $998 by 1st January’ 2017.
  • Bitcoin prices started at $998 in 2017 growing to $13,412.44 on 1st January’ 2018.

[Source: https://en.wikipedia.org/wiki/Bitcoin]

Why has Bitcoin become Popular?

More and more people are becoming reliant on the internet with each passing day. This is actually the main reason why people are becoming interested in cryptocurrencies such as Bitcoin.

Bitcoin is a secure and global digital currency. Cryptocurrencies are not tied to any country. Therefore, international payments are cheap. Many businesses use bitcoins. Many people take bitcoins as an investment opportunity.

Things you need to know about buying Bitcoin

You can buy bitcoins using the traditional currencies. You can use bitcoin exchanges to buy and sell bitcoins. Nevertheless, security is always an issue when it comes to buying and selling bitcoins using these marketplaces. Bitcoins can be transferred using mobile applications or computers.

invest in bitcoin

Bitcoin Wallet

A bitcoin wallet is a digital wallet where you can store your bitcoins. The bitcoin wallet allows bitcoin users to receive or send bitcoins. You can use your bitcoin wallet to pay for goods as well.

Bitcoin wallets can be of two types:

  • A wallet that exists in the cloud
  • A wallet that exists on the computer of the user

I hope this article helped you know the basic things about bitcoin. However, you are advised to learn about the blockchain technology and other things associated with bitcoin investment before making a decision.

Contact a Bitcoin Investment Company

So, are you looking for experts who can help you with bitcoin investing? Then you can contact ‘Cryptosine’. It’s a leading and certified bitcoin investment company. You can find detailed information about their program on their website. Thus, log on to cryptosine.com. Also, feel free to contact them directly to know more.

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