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: This 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 a free account with 365Markets.com.
Enter your details to make the minimum deposit of £ $ € 250 or more, depending on the amount you wish to invest.
On the "Trading" page, type BTC into the search bar on the top left and select BTC/USD then click the green BUY button.
Enter the amount of investment you wish to make in Bitcoin (Marked in Green). In the example below, we invested €250, but as we all know, the price of Bitcoin is , so how is it?
That’s the great thing about 365Markets. Instead of having to deposit the full amount of to buy a whole Bitcoin, 365markets allows you to buy a “leveraged Bitcoin” contract. Leveraging allows you to extend your Bitcoin purchase without having to deposit the full amount. Using Leverage to invest in Bitcoin means you only need a fraction of the total value of Bitcoin you wish to purchase, the rest is effectively a “loan” that 365Markets is offering.
Example: In the image below, we chose to invest only €250 (see green circle), but the value of the Bitcoin contract we bought is effectively €1250 (orange circle). The effective amount you invest in Bitcoin depends on the amount of leverage you choose. This is the advantage and risk you take when using leverage. Your capital can increase in large multiples without having to invest them, but you can also lose your initial investment if the price of Bitcoin suddenly falls.
If you wish, you can use the “Stop Loss” option, and you can also set the “Take Profit” field to the amount of profit you want to make. Assuming the Bitcoin price rises as expected, the “Take Profit” function will automatically sell your Bitcoin back for cash at the rate you set. Of course, feel free to set it according to your own personal financial goals.
Click the "BUY" button when you’re ready.
You are now part of the Bitcoin community.Get Started Now