Bitcoin is on the move. The cryptocurrency has seen a massive jump in price over the past few weeks, with one bitcoin now worth more than double its value at the beginning of 2017. So what’s behind this sudden surge? One word: China. Bitcoin has been on a wild ride. It’s now up to $2,000 per coin, and everyone is talking about it. Here’s how you can double your bitcoin value–Bitcoin price×2–Double your BTC moon: bitcoin live. You have questions, and we’ve got answers. Here are the most common things investors ask at CoinDesk so you can get all of your bitcoin knowledge straightened out in one place.
Outline for today’s Hot potato;
- Bitcoin is not a bubble
- The price of bitcoin has tripled in 2017
- It’s possible to double your bitcoins with the right strategy
- Bitcoin price history
- The Future of bitcoin and cryptocurrencies
1. Bitcoin is not a bubble
Bitcoin is not a bubble. There are many people out there who assume the price of bitcoin is in a drop. Many experts, financial heavyweights, and Wall Street investors have said that cryptocurrency has entered bubble territory. What do you think? Is there any credence to these claims?
Future of Bitcoin:
The certainty is that no one knows for sure what the future holds for bitcoin or the cryptocurrency market as a whole. In fact, some major financial players have said that they believe the price of bitcoin could go up to $100,000 per coin. So, while it’s hard to say with complete certainty what will happen over the next few weeks and months, it’s clear that no one really knows. That said, should the cryptocurrency market take a sudden nosedive. It’s true to say that you shouldn’t lose any sleep over your bitcoin investments because it would have been a temporary price fluctuation and nothing more.
2. The price of bitcoin has tripled in 2017
The value of one bitcoin reached a new high of $2,000 per coin on 28 May 2017. It was only worth $997 at the start of January and $742 on 28 April, so we can see that it’s had essential data in just three months. The double amount of bitcoin tripled in 2017. So, if you were to buy some bitcoins today and the price was to drop by half in the next few weeks or months, you’d make money. But this is not something most bitcoin investors are thinking about right now because they’re simply enjoying what’s happening here, which is the value of their portfolio increasing considerably. That said, it is always an excellent practice when investing any kind of capital into anything to attempt and take advantage of market volatility because that is just one way you can maximize your return on investment (ROI).
3. It’s possible to double your bitcoins with the right strategy–Bitcoin price×2–Double your BTC moon: bitcoin live
Of course, if you want to double your bitcoin, you can employ some specific strategies that will help you earn more of the cryptocurrency. One way to do this is by investing in ICOs (Initial Coin Offerings). While they carry a host of risks, many of these startups fail, and their coin supply decreases in value, thus doubling your bitcoin if you manage to get on board early enough. Another way will be to trade bitcoins, day-trading if you want. This method is not entirely free of risk, but it can be done if you are careful and stick to the right trading plan.
You should start investing in bitcoin now before it’s too late!
How much money do you have financed in cryptocurrency? If it’s more than $100, you should invest now before the price of bitcoin doubles again. It is always a smart move to get into something early and ride out any peaks and troughs until the right time comes along because that way, you get the best possible rewards for your investment. That’s why we recommend reading up on investing strategies from people who know what they’re talking about, such as Market Mastery, which will help you maximize your ROI.
4-Bitcoin price history
The amount of each Bitcoin has gone from around $570 per coin at the start of 2017 to $1,923 per coin at the time of writing, implying an increase of 140%
It would help if you took these stats with a grain of salt, though, because many factors affect the price of Bitcoin. In the beginning, Bitcoin cost around $14 per coin.
The price of Bitcoin is boosting exponentially and has gone up more than 28 times since the start of 2017. This tells us that Bitcoin is not a bubble but an asset that increases in value dramatically with time. Of course, you can also lose money by buying Bitcoins, so it’s essential to do your research first before investing in Bitcoin or any other cryptocurrency for that matter! You can check out the price history charts on CoinDesk to find out what the price of Bitcoin was at specific times in the past. The cost of bitcoin a few years ago was about 28 times higher than the price of bitcoin in 2017.
5-The future of bitcoin and cryptocurrencies
Many experts have strong opinions about the Future of Bitcoin and other cryptocurrencies. Some believe that they will still be around in 5 years, while others think they will become obsolete because there are too many problems associated with the use of digital currencies. It would help decide whether you should invest, how much to finance, and when to sell again.
Interestingly, countries like Uruguay and Venezuela are turning to Bitcoin as an alternative store of wealth in economic hardship. The future of bitcoin and cryptocurrencies economies struggling to generate enough wealth for their populations cannot meet their financial needs, so they turn to Bitcoin as a store of value.
This, in turn, drives up demand for the cryptocurrency, which causes its price to go up exponentially. Now that you know how much you can make with Bitcoin, would you consider investing?
How to buy bitcoins? First buy Bitcoin for Bitcoin price×2–Double your BTC moon: bitcoin live
Bitcoin is a virtual currency,
Step-by-step guide on how to buy Bitcoins?
- We recommend checking out local bitcoin to find someone near you who is willing to sell their bitcoins for cash in person. This way, the seller only has a limited amount of bitcoin and won’t get far if they try to scam you. Always check the trader’s feedback score before going ahead with a trade! Which countries rely on bitcoins? Countries such as Uruguay and Venezuela have been struggling with little economic success. Hence, citizens rely on Bitcoin as a store of value instead of their currencies.
2-In order to buy Bitcoins from sites like Coinbase, you have to link your bank account – something which can take up to five days, depending on how your bank handles the transfer. 28-drawback of buying bitcoins
3-You can find a trustworthy seller by going to a local bitcoin meetup and checking for a trustful looking face
7-Try to buy your coins on one exchange then sell them on another if you want to avoid high fees
8- how to avoid paying lots of tax when investing in bitcoin
LocalBitcoins
The price may go up or down, but it’ll be interesting how governments react or try to regulate Bitcoins. This might cause problems with exchanges etc. So, what do you think about Bitcoin? Would you consider investing some money in it? You can Invest money in bitcoin by purchasing it on any popular bitcoin exchange. However, after comparing fees and waiting times for both services, traders can safely choose LocalBitcoins as their preferred platform.
Recommended Reading: What Is A Blockchain?
How do I claim my withdrawal?
You can withdraw your coins any day you want.
How is it possible for me to double my bitcoins? Many ways don’t require more time and effort than just holding while waiting for the price of bitcoin to double! Most methods only take 30 min daily! Use these strategies now before it’s too late! ?
Conclusion:
Bitcoin is not a bubble, as it has tripled in price this year. Even if the bitcoin prices go down, you could still double your bitcoins with the right strategy! With so much probability about what will happen to bitcoin and other cryptocurrencies in the future, today might be the perfect time to invest before they take off everywhere else
That’s it for now, good luck, and remember… hold on to your bitcoins, or they might slip through your fingers.
Featured Image: Photo by RODNAE Productions from Pexels
