Post
Topic
Board Bitcoin Discussion
Re: Investment advice backed by real experience
by
Charles-Tim
on 23/08/2020, 21:20:07 UTC
Nice article, and I hope people that are novice will start to liking bitcoin as soon as possible. Some people call bitcoin ponzi, while some people are so ignorant to call bitcoin scam, it will be better for them to wake up and know the real ways bitcoin can make them rich. Also, I like the fact you mentioned that people should know about it very well before investing so they can make profit from it.

1- Why is Bitcoin's value rising
It is not surprising that Bitcoin, the global and safe currency that does not recognize borders, has caught the attention of investors
Bitcoin and cryptocurrencies are available to everyone and a great opportunity to be included in the new asset class that deserves to be given a degree of attention
Many consider investing in Bitcoin scary because the potential for growth is great with great risk as well, but it takes time and effort to understand how Bitcoin works.
It will be good if you can edit and add bitcoin as a deflationary currency. That is why its price is increasing with the limited supply and increasing demands.

Bitcoin price:
There is no official price for Bitcoin, its price is set by people willing to pay. The CoinDesk Bitcoin Dollar Exchange Rate Index is a good resource for the coin's value.
Bitcoin price indicators generally show the value of one bitcoin against any currency, but you can buy and trade less than one bitcoin on bitcoin and cryptocurrency trading platforms and sites.
This is why I like bitcoin, it is not regulated by any central body, it is completely decentralized and its price is determined by total number of people that buy and sell it.

4- How to invest in Bitcoins and where to buy it
The difficulty of buying Bitcoin depends on the country in which you live. Developed countries have more options to buy it and more liquidity.
CoinBaise is currently the world's largest Bitcoin buying platform and is only available in the US, UK, Canada, Singapore and most of Europe.
You can use this tool to find someone selling Bitcoin in your country
There are many other ways to buy bitcoin, as for me, I prefer p2p exchanges, and I like exchanges that require no kyc, you can check the link below.
https://bitcointalk.org/index.php?topic=5224711.msg54697812#msg54697812

Also is the use of bitcoin ATM to buy bitcoin, but not yet so common, but the rate of its adoption is increasing.