Bitcoin (BTC) is still a relatively new asset class, but is quickly gaining interest among retail and institutional investors alike. Investing in bitcoin is easy, though a little background research is useful before you get started.
What is Bitcoin?
Bitcoin is becoming an increasingly popular investment, for a number of reasons, but dipping your toes into the cryptocurrency world can be quite different to conventional investing.
Why invest in bitcoin?
Bitcoin has only been around since 2009 but the currency has a unique collection of properties.
Bitcoins are useful
Most people invest in bitcoin as just that: an investment. In other words, they hope and expect the value of the BTC they buy to go up over time.
When is the right time to buy bitcoin?
Even the very best professional traders cannot call the market perfectly, buying the very bottom of a market cycle and selling the very top
If you are looking to trade or invest in bitcoin for the long term, there are several ways to go about it. Services like LocalBitcoins are suitable for peer-to-peer purchases almost anywhere in the world. Depending on your location, Bitcoin ATMs also provide a facility for smaller purchases.
For larger, regular, and more efficient crypto trading, a regulated exchange is a better option. Coinbase provides facilities for customers in many countries around the world. Meanwhile, for Australian users, TimeX offers a secure, user-friendly and compliant way to buy and sell cryptocurrencies.
Do you have some questions? Find answers below!
Understanding Risk if You Invest in Bitcoin
Over the past decade, multiple ways to invest in Bitcoin have popped up, including Bitcoin trusts and ETFs comprised of Bitcoin-related companies.
Guide to Bitcoin Guide
How to add a link to a certain spot in theproject
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