Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 began with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very plain question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, witness this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to reaction this question the very first thing you need to response is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just kicking off, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to stir them into your own private wallet and never leave them at the exchange. My private recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a immobilized amount every month, week or even day across the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for beginners to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free violet wand. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are accomplish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will very likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Eventually, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of sophisticated and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comebacks. They will then begin off by paying these comebacks through money they get from fresh sign ups and create a big hum around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is most likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test contraption. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can most likely see that the response isn’t that elementary. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, embark by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to reaction this question. Recall – only you can response this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 began with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very ordinary question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, witness this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to reaction this question the very first thing you need to reaction is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just commencing, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to stir them into your own individual wallet and never leave them at the exchange. My private recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a stationary amount every month, week or even day via the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for new-comers to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electric current. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are finish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Eventually, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of elaborate and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comebacks. They will then begin off by paying these comes back through money they get from fresh sign ups and create a big hum around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is very likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test instrument. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can most likely see that the reaction isn’t that plain. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, embark by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to reaction this question. Recall – only you can reaction this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 began with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very plain question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, observe this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to response this question the very first thing you need to reaction is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just commencing, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to stir them into your own individual wallet and never leave them at the exchange. My individual recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a immobile amount every month, week or even day via the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for newcomers to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free tens unit. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are accomplish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Eventually, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of elaborate and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comebacks. They will then commence off by paying these comes back through money they get from fresh sign ups and create a big hum around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is very likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test device. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can very likely see that the response isn’t that plain. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, begin by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to response this question. Reminisce – only you can response this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 commenced with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very elementary question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, observe this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to reaction this question the very first thing you need to response is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just beginning, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to budge them into your own individual wallet and never leave them at the exchange. My private recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a immovable amount every month, week or even day via the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for beginners to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free violet wand. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are finish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Eventually, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of elaborate and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comebacks. They will then embark off by paying these comes back through money they get from fresh sign ups and create a big hum around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is most likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test instrument. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can most likely see that the reaction isn’t that ordinary. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, commence by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to response this question. Reminisce – only you can response this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 began with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very plain question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, witness this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to reaction this question the very first thing you need to response is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just beginning, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to budge them into your own private wallet and never leave them at the exchange. My private recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a motionless amount every month, week or even day across the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for new-comers to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electrical play. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are finish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Eventually, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of sophisticated and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comes back. They will then begin off by paying these comes back through money they get from fresh sign ups and create a big hum around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is very likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test implement. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can very likely see that the response isn’t that elementary. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, begin by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to response this question. Recall – only you can response this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 began with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very plain question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, observe this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to response this question the very first thing you need to reaction is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just commencing, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to budge them into your own individual wallet and never leave them at the exchange. My individual recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a immobile amount every month, week or even day across the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for newcomers to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electro-therapy. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are accomplish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Ultimately, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of elaborate and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comes back. They will then embark off by paying these comebacks through money they get from fresh sign ups and create a big whirr around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is most likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test implement. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can very likely see that the response isn’t that elementary. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, commence by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to response this question. Recall – only you can reaction this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 began with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very ordinary question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, observe this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to reaction this question the very first thing you need to response is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just beginning, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to budge them into your own private wallet and never leave them at the exchange. My individual recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a immobilized amount every month, week or even day across the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for newcomers to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free tens unit. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are finish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Eventually, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of elaborate and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comes back. They will then commence off by paying these comes back through money they get from fresh sign ups and create a big hum around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is very likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test instrument. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can very likely see that the reaction isn’t that ordinary. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, commence by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to response this question. Reminisce – only you can response this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 began with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very plain question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, observe this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to response this question the very first thing you need to response is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just embarking, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to budge them into your own individual wallet and never leave them at the exchange. My private recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a immobilized amount every month, week or even day via the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for newcomers to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free violet wand. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are accomplish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Eventually, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of sophisticated and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comes back. They will then embark off by paying these comes back through money they get from fresh sign ups and create a big hum around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is very likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test device. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can most likely see that the response isn’t that plain. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, commence by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to response this question. Reminisce – only you can response this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 embarked with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very elementary question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, witness this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to reaction this question the very first thing you need to reaction is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just embarking, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to stir them into your own private wallet and never leave them at the exchange. My private recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a immovable amount every month, week or even day across the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for rookies to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free tens unit. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are finish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Ultimately, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of complicated and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comes back. They will then commence off by paying these comebacks through money they get from fresh sign ups and create a big whirr around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is very likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test device. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can most likely see that the reaction isn’t that elementary. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, embark by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to reaction this question. Recall – only you can response this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 embarked with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very plain question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, observe this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to response this question the very first thing you need to reaction is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just commencing, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to stir them into your own private wallet and never leave them at the exchange. My private recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a motionless amount every month, week or even day across the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for rookies to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electro-stimulation. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are finish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Ultimately, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of sophisticated and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comes back. They will then embark off by paying these comes back through money they get from fresh sign ups and create a big whirr around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is most likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test implement. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can very likely see that the reaction isn’t that elementary. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, commence by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to response this question. Recall – only you can reaction this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 commenced with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very plain question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, see this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to response this question the very first thing you need to reaction is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just kicking off, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to stir them into your own individual wallet and never leave them at the exchange. My private recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a immobilized amount every month, week or even day across the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for new-comers to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electrical play. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are accomplish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Eventually, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of sophisticated and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comebacks. They will then commence off by paying these comes back through money they get from fresh sign ups and create a big whirr around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is very likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test instrument. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can very likely see that the response isn’t that plain. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, embark by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to reaction this question. Recall – only you can response this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 commenced with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very plain question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, witness this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to reaction this question the very first thing you need to response is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just beginning, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to stir them into your own private wallet and never leave them at the exchange. My private recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a immobile amount every month, week or even day across the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for beginners to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electrical play. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are accomplish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Ultimately, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of complicated and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comes back. They will then begin off by paying these comebacks through money they get from fresh sign ups and create a big whirr around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is most likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test contraption. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can very likely see that the response isn’t that elementary. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, commence by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to response this question. Reminisce – only you can reaction this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 began with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very elementary question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, witness this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to response this question the very first thing you need to response is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just embarking, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to budge them into your own private wallet and never leave them at the exchange. My individual recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a immobile amount every month, week or even day via the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for rookies to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electro-therapy. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are accomplish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Eventually, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of sophisticated and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comes back. They will then begin off by paying these comebacks through money they get from fresh sign ups and create a big whirr around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is very likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test contraption. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can most likely see that the reaction isn’t that plain. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, begin by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to response this question. Reminisce – only you can response this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 embarked with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very ordinary question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, see this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to response this question the very first thing you need to response is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just embarking, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to budge them into your own private wallet and never leave them at the exchange. My private recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a immovable amount every month, week or even day via the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for beginners to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free violet wand. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are accomplish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Eventually, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of sophisticated and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comebacks. They will then embark off by paying these comes back through money they get from fresh sign ups and create a big whirr around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is most likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test device. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can very likely see that the response isn’t that ordinary. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, commence by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to response this question. Reminisce – only you can response this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 began with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very plain question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, see this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to response this question the very first thing you need to response is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just commencing, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to stir them into your own private wallet and never leave them at the exchange. My individual recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a immobilized amount every month, week or even day via the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for new-comers to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free tens unit. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are accomplish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Eventually, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of sophisticated and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comes back. They will then commence off by paying these comebacks through money they get from fresh sign ups and create a big hum around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is very likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test implement. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can very likely see that the reaction isn’t that elementary. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, begin by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to reaction this question. Recall – only you can reaction this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 began with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very plain question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, see this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to response this question the very first thing you need to response is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just beginning, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to budge them into your own private wallet and never leave them at the exchange. My private recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a immobile amount every month, week or even day via the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for rookies to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free tens unit. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are finish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Eventually, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of complicated and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comebacks. They will then embark off by paying these comes back through money they get from fresh sign ups and create a big whirr around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is very likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test instrument. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can most likely see that the response isn’t that elementary. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, begin by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to reaction this question. Reminisce – only you can response this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 commenced with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very plain question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, see this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to response this question the very first thing you need to reaction is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just kicking off, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to budge them into your own private wallet and never leave them at the exchange. My individual recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a immovable amount every month, week or even day via the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for new-comers to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free tens unit. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are finish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Eventually, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of sophisticated and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comebacks. They will then begin off by paying these comes back through money they get from fresh sign ups and create a big whirr around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is most likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test instrument. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can very likely see that the reaction isn’t that ordinary. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, begin by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to response this question. Recall – only you can reaction this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 began with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very ordinary question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, see this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to reaction this question the very first thing you need to response is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just kicking off, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to budge them into your own private wallet and never leave them at the exchange. My private recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a immobile amount every month, week or even day across the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for new-comers to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electrical play. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are finish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will very likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Ultimately, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of sophisticated and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comebacks. They will then begin off by paying these comes back through money they get from fresh sign ups and create a big hum around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is very likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test instrument. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can very likely see that the reaction isn’t that ordinary. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, embark by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to reaction this question. Recall – only you can reaction this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 embarked with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very elementary question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, observe this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to reaction this question the very first thing you need to reaction is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just beginning, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to stir them into your own private wallet and never leave them at the exchange. My private recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a immovable amount every month, week or even day across the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for new-comers to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electro-therapy. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are accomplish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will very likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Ultimately, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of elaborate and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comes back. They will then begin off by paying these comes back through money they get from fresh sign ups and create a big whirr around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is most likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test implement. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can most likely see that the reaction isn’t that plain. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, embark by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to reaction this question. Recall – only you can response this. You can consult others and read online but never go after someone’s advice blindly.

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

Should I Invest in Bitcoin in 2017? Here are four Things You Have to Know

2017 began with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about two emails a day from people around the world who are asking one very plain question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, witness this movie. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

Table of Contents

In order to response this question the very first thing you need to response is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to determine for yourself if you think this is a good time to buy. Meaning, do you think the price will proceed to rise.

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just beginning, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to budge them into your own individual wallet and never leave them at the exchange. My private recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, attempt a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a motionless amount every month, week or even day via the year. This way you average the price over the course of a entire year. Here’s a brief movie to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively attempting to buy Bitcoins at a low price and sell them back at a higher price in relatively brief time interval. Trading successfully requires skill and practice. The trading market is occupied by very large players who are just waiting for newcomers to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electrical play. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that permit you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are accomplish scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will most likely get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Eventually, every other day I get a question about a site or company that claims to dual your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of sophisticated and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good comes back. They will then embark off by paying these comebacks through money they get from fresh sign ups and create a big hum around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past three years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is very likely just a facade for scammers attempting to steal your coins.

How can you find out if a site is a scam for yourself? Effortless, use our Bitcoin scam test implement. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL Dual YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can most likely see that the reaction isn’t that plain. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, embark by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to response this question. Reminisce – only you can reaction this. You can consult others and read online but never go after someone’s advice blindly.

Related video:

Leave a Reply

Your email address will not be published. Required fields are marked *