WHERE TO BUY BITCOIN IN 2018: THE EASY GUIDE ON HOW TO BUY BITCOINBitcoin is dominating the financial world breaking records every month throughout 2017.
Ever had a case where you wished you had bought something in the past that eventually went up significantly in value? Perhaps a plot in a low-value district which is now worth ten times more? Well, then you need to see how well Bitcoin investors have done in the past few months alone.
In January 2017, Bitcoin hit $1000 and the world took notice. 5 months later Bitcoin doubled its value to $2000, and the media started filling up with stories of self-made millionaires who made their money from investing small amounts in Bitcoin. Another two months after that, Bitcoin shocked the world by tripling its value to $6000, only to increase one month after that to the staggering value of $8000.
At the time of writing these lines, Bitcoin has already reached the $ mark, and it seems Bitcoin is hitting new highs even more frequently now.
In part, it’s simple math: the jump from $1,000 to $2,000 is much steeper in percentage terms than from $ to $. Still, as Bitcoin surpasses each new symbolic value, it attracts more attention, and with more attention comes more demand, and so its value continues to rise.
Billionaires such as PayPal’s founder Wenses Caseres confidently say Bitcoin can reach as high as $1,000,000 in the coming years, while software giant John McAfee publically predicted Bitcoin prices to reach as high as $500,000 by 2020, That would require an 800% increase per year, and with 2017 exceeding all predictions for Bitcoin value, their forecast for 2018 and the years to come for Bitcoin does not seem farfetched anymore.
THE ADVANTAGE: BITCOIN HAS LIMITED SUPPLY
The main idea behind Bitcoin and why it makes so much sense is very simple. Normal currencies are controlled by governments, who are able to print money when they need it. By doing so, they can cause the value of their own currency to go down overnight, for example, when they need to repay a debt. Bitcoin is solving this issue by completely removing the government’s control from this equation – meaning, there’s no central bank or government which can print Bitcoin. Moreover, Bitcoin was created with a mathematical limitation to the number of Bitcoins that can be created, and so it creates an economy where no government can intervene. With limited supply and a constantly rising demand, the more people buying Bitcoin, the more its value is going to rise.
How to invest wisely in Bitcoin?
Wences Casares has been called Bitcoin’s “patient zero” by the Silicon Valley elite. He introduced Reid Hoffman and countless other luminaries to Bitcoin at gatherings of the rich and famous such as Sun Valley.
The formula, according to Casares? Take 1% or less of what you own, invest in Bitcoin with it. You either lose one percent of your net worth, which most people can take, or your investment could parallel Bitcoin’s forecasted rise and generate returns of up to 15,000% or higher, and Judging from the increase in recent months, there is no telling where Bitcoin will be a year from now.
Casares has an interesting reply for those people who believe they have already “missed out” on the Bitcoin train and are afraid that they are joining too late. He said even those who bought Bitcoin at high prices as recently as a month ago have done “spectacularly well.”
The Argentinian-born Casares has founded an internet service provider, a video game company, and a bank, plus he sits on the board of PayPal, but it’s Bitcoin that Casares says he’s dedicating the rest of his life to, and he now runs a startup called Xapo that stores Bitcoin. At a dinner organized by the cryptocurrency group “Coin Center” in New York, Casares delivered the keynote speech, including some advice about how investors can get into Bitcoin.
With Bitcoin value doubling on a month-by-month basis, and world financial luminaries like Richard Branson and other huge name billionaires expecting massive increases over the next ten years, it’s no wonder Bitcoin is fast becoming one of the hottest investments of all time.
Just until recently, people who wanted to invest a small amount in Bitcoin found themselves dealing with complicated “wallets” that took hours to set up, alpha-numeric codes sent to their emails, or complicated installations of mining software.
Fortunately, there are now easier, more secure and fully regulated ways to invest in Bitcoin, and we at CryptMarkets have put together an easy step-by-step guide that will show you how with just a few clicks of a button, you too can become a Bitcoin investor.
If you’re still thinking about it, and that is perfectly understandable, just keep in mind the following fact: The original version of the article you just read was first published in May, when the price of Bitcoin was only $1400.
Click this link to register for a free account with 24option.
Make the minimum deposit of 200 £ $ € or more, depending on the amount you wish to invest
Once you’ve made your deposit, Use the search bar on the top of the page in order to search for “BTCUSD.m”. What does BTCUSD.m mean? Since the Bitcoin price is very high nowadays, it’s difficult for most people to buy a whole Bitcoin since it requires a large investment. With this in mind, 24option came up with an innovative solution which allows you to invest as little as €100 in a “mini Bitcoin” contract. Instead of investing in 1 whole Bitcoin, you can simply invest in a Bitcoin fraction that suits your budget
After you’ve selected the “BTCUSD.m” line on the left side of the screen, simply input the fraction of the Bitcoin you are interested to invest in on the right side of the screen. Then click the “Buy” Button marked with the green arrow, and then the “trade” button marked with the orange arrow. Note that the number shown on the Buy screen is the US-dollar value of Bitcoin, but if you look at the red arrow marked on the picture, you can always see the Euro amount you are investing.
In the example screenshot below, we invested only 10% of the Bitcoin value, so if a whole Bitcoin is now worth €3805, we are required to place only 10% of that value which is €380.50.
After you’ve clicked on the "Trade" button, a “successful” popup will appear on your screen.
On the screen below marked with a green circle, you can see a few example trades:
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