Now that Bitcoin has finally reached the mainstream, and is accepted as a legitimate currency by prestigious companies like Dell and Expedia, it’s time to sink your teeth into this new cryptocurrency. Here’s how to invest in Bitcoin like a pro:
STEP ONE: GATHER INFORMATION
The first step is to gather all available information on Bitcoin. You really can’t go wrong with Wikipedia. This will give you the basics of Bitcoin and why people are so excited about it. Understanding the community behind Bitcoin is important since we’re getting involved with them now- not just computers or electronics or money which we know very little about compared to those who have been following Bitcoin Up for years and invested in its success with their time, effort, and money. Bitcoin is a computer science breakthrough that has sparked the imaginations of people across the world who are trying to figure out how they can benefit from Bitcoin too.
STEP TWO: MAKE YOUR OWN DECISION
Once you have gathered information on Bitcoin then it’s time for you to make your own decision about whether or not Bitcoin is something you want to invest in now, or ever. If you decide not to invest at least make sure you understand why- because there may come a day when Bitcoin hits $60,000 per coin, or is widely accepted globally as payment for anything bought or sold anywhere on Earth. Then if Bitcoin was still only worth $100 per coin it will be an opportunity missed!
STEP THREE: GET SOME BITCOIN
If Bitcoin is something you want to get involved in then the next step would be to get some Bitcoin. You can feel free to mine Bitcoin or find a Bitcoin faucet. If you don’t have any Bitcoins by the time Bitcoin reaches $200-$300 per coin, and you decide that it’s something you want to invest in then just purchase Bitcoin from one of these exchanges
STEP FOUR: STORE YOUR BITCOIN SAFELY
Once you have your Bitcoin make sure it doesn’t walk out the door! There are several options when choosing where to store your Bitcoin such as keeping them on an exchange (not advised), Bitcoin wallets, Bitcoin vaults or Bitcoin banks. Bitcoin wallets are where you store Bitcoin yourself locally either on your phone or the web while Bitcoin Vaults and Bitcoin Banks start off with a certain amount of Bitcoin that they have sequestered offline in what’s known as “cold storage”. This means that they’re not connected to the Internet at all so it is even more difficult for hackers to gain access to them.
STEP FIVE: INVEST IN BITCOIN MINING POOLS
MINING BONUS ALERT! Bitcoin mining is what keeps Bitcoin secure from being hacked so every Bitcoin mined through a good Bitcoin mining pool will give you a bonus of Bitcoins! The bonuses will vary depending on what type of hardware each individual mines Bitcoin with and the Bitcoin mining pool they mine Bitcoin with.
STEP SIX: INVEST IN APPS THAT PAY OUT BITCOIN
There are several apps that will pay you Bitcoin, such as Free Bitcoin, Bitcoin Loophole, and Bitcoin Aliens. These apps pay you to do simple tasks like visit websites, install new apps on your phone, watch videos, etc for between .02 to 10 cents per task depending on how many jobs there are available for each app to be completed since every little bit of money helps! If your device can’t download the Bitcoin apps then you can use a Bitcoin proxy app to change your IP address so you can download the Bitcoin apps!
STEP SEVEN: INVEST IN BITCOIN EXCHANGES AS AN ALTERNATIVE TO MINING
This is a way that has been around for years and is a proven profitable method for making money online. Some of these exchanges are very good. These Bitcoin exchanges pay up to $200 per day depending on how much Bitcoin you purchase, hold, and sell there since the price of Bitcoin fluctuates daily just like any other currency or stock in the world- it’s completely normal! Once again if you don’t have Bitcoin then you can purchase Bitcoin proxies to change your IP address so you can use Bitcoin exchanges.
STEP EIGHT: INVEST IN BITCOIN STOCKS OR BONDS AS AN ALTERNATIVE TO MINING
There are several Bitcoin stock market exchanges out there providing Bitcoin stocks and bonds for potential buyers too. Once again if you don’t have Bitcoin then you can purchase Bitcoin proxies to change your IP address so you can use Bitcoin stock exchanges.
Bitcoin has been around since 2009 but only recently has it become widely known by just about everyone on Earth due to the recent price hikes in Bitcoin’s worth over the last couple of years. Bitcoin is worth thousands of dollars per Bitcoin so why not use Bitcoin proxies to get in on the action while you can, right?
