HOW TO INVEST IN CRYPTOCURRENCY
This tutorial is for those that want to know how to invest in cryptocurrency but having problems in understanding how to get started.
This tutorial will cover :-
(1)While you need to invest in cryptocurrency
(2) Which cryprocurrency should you invest into.
(3) How to get cryptocurrency
(4) Where can you buy cryptocurrency
(5) How can you store the cryptocurry
WHY INVEST IN CRYPTOCURRENCY
BIG COMPANIES AND GIANT BUSINESS ARE CONSIDERING IT IMPORTANT
Since it inception 8 year ago many have predicted that bitcoin will soon loose value.Yet, eight years after its inception, they’ve been joined by a growing number of Big companies and giant business like:-
Overstock.com
DISH NETWORK
Microsoft
Intuit
paypal
who see bitcoin—and other digital currencies—as a legitimate asset class such as stocks, bonds, or commodities.
MORE AND MORE PEOPLE ARE USING BITCOIN EVERYDAY
In 2010 less than 50,000 people are using bitcoin on daily basis but today more than 350,000 people are using it for daily transaction.
VOLATALITY IS TRENDING REDUCING
On top of increasing number of vendors accepting bitcoin,price volatality is trending down and for long time investors, that's is certainly a good thing
n 2011 the volatality is 15% but in 2017 the volatality is less than 5%.This mean that day to day fluatautions in the price of bitcoin are decreasing and the price of bitcoin is more stable.And for a form of currency this is more important, it means consumer's, money is more reliable.
WHICH CRYPTOCURRENCY SHOULD YOU INVEST INTO
With many new coins launching picking the correct one is a matter of research and investigation to determine potential worth in the short to medium term while longer term olds are perhaps riskier and one should always be risking with funds you can afford to lose rather than being “all-in” with nothing to fall back on. So here are places to make your research about the currency to invest into:
https://bitcointalk.org
https://bitcointalk.org
https://cryptonaire.com/
http://www.pulse.ng
Warning:Do not make your choice base on future performance
HOW TO GET CRYPTOCURRENCY TO INVEST
Investing into cryptocurrency required getting the currency before you can decide what to do with it.either to store it or to trade it with another cryptocurrency for profit.
You will need to buy from a reliable exchangers with your real currency.Here a few reputable website to buy cryptocurrency from:
CREATE AN ACCOUNT IN COINBASE
After creating your account, click on your name.Click setting at the l.eft hand side,then payment method,after add payment method click on the payment method you prefer.
Enter the amount you want to buy, and click "Buy Bitcoin Instantly". Your coins will then be delivered to your Coinbase wallet!