To you who want to invest on the Bitcoin : Here are some tips !

The Bitcoin has aroused in a very short time, the interest of many people. Yet investing in this fictitious currency is not so simple.

A few days ago, the value of the Bitcoin exceeded the 2,700 dollar. The price of the digital currency has been increasing almost constant since the beginning of the year 2017. As a result, it is attracting more and more investors : Confirmed as novices of the stock market, all eager to embark on the adventure Bitcoin. Only investing on this crypto-currency is nothing classic. Some warnings and advice are necessary.

Understanding this currency unlike any other

In addition to being virtual and being used in peer to peer purchases (which is already hard enough to view), the Bitcoin has very special features. "It has in particular the same peculiarity as the precious metals: a limited quantity. It is becoming a safe haven, just like gold. There will never be more than 21 million bitcoins in circulation. So far, 16.2 million have been created. This limit was established at its inception in order not to replicate the subprime crisis of 2008. No one can manipulate this quantity, it makes it a rare and stable product.

Study its unstable course

"The Bitcoin is a highly speculative product. When investing in the NASDAQ, we know that the price falls or increases according to the evolution of the companies. This digital currency, on the other hand, is not backed by fundamentals or an economic reality. Investing now on, is tantamount to trying a poker shot.
It is however possible to make forecasts on its price. The latter is closely linked to financial and geopolitical events. "When there is instability linked to elections or economic measures of a country for example, Bitcoin's courses soar".
It is therefore important to keep abreast of current events that might affect its course, but also to study the past course of the Bitcoin. Over the past six months, or even over the past few years.

Neophytes, do not start alone

For those who do not know anything about the stock market, it is better to start with classics and stable products without great risk-taking. This makes it possible to understand the mechanisms. There are also sites and blogs where people offer their analysis on the evolution of the Bitcoin course. There are quite a few opinions that are given on the discussion thread of the famous eToro trading website (https://www.etoro.com/markets/btc) for example "
To buy or sell Bitcoins, one can go through an online platform that functions exactly like a currency exchange platform. The problem is that interfaces are often complex with graphics and many buttons. For those who do not know anything about it, it is best to go to a specialized physical exchange office. Even though the commission will be higher than on an online platform, office agents, will be able to give you advice.

Beware of scams

And yes, internet says hacker, scam of the world and piracy. There are a thousand crypto currencies like the Bitcoin. Some are very well built and have I think a future like Ethereun or Litecoin. Others are scams. Very well made sites try with very tempting messages to make you buy them, but behind there is nothing. In general you should be wary of platforms that promise you huge profits with zero risk.
It is also important to know that there is no guarantee that transaction platforms will show the right values. Think about doing a little tour on different of them to compare rates.

Being aware of the risk

"The Bitcoin is not regulated, so you can fall on platforms allowing you to invest that are unreliable. If your Bitcoin platform goes bankrupt you will never be refunded.
The logic would be to fix for each purchase a limit: you never invest more than what you are willing to lose ...

Have a vision for the future

If today the market is not regulated, it could well be in the years to come. Many institutions are currently working on it, but it will not be in place for a few years. More than investing in Bitcoin, I would advise putting your money in startups working on the blockchain, the technology used by virtual currency, or to do both.