Future Currency BITCOIN ???? You can earn Billion from Bitcoins. Check the latest Price of 1 Bitcoins and starting price you gonna amaze . Today we all use Coins, Notes to purchase things in the market and it may probably possible that some of them are in your pocket right now. Same as with Bitcoin, it is a currency which gonna be future currency for exchanging or in trading . But you can’t touch it, feel it & can’t see it. It is a virtual currency which is also known as cryptocurrency. It can be digitally stored or generate only.
You can purchase things by using Bitcoin but it doesn’t have any physical appearance or dimension. In a simple language, you can say it is just like amazon pay in amazon shopping.
You can’t touch your amazon pay money but you convert it into real or physical currency and you can purchase things by using your amazon shopping. Same as with Bitcoins you can convert them into real currency like USD and you can purchase or use them at only those places where they are accepted.
What are Bitcoins and its Origin?
As clear from above para that bitcoin is a digital currency which doesn’t have any physical appearance. But if we talk about its category it will fall in the category of cryptocurrency. Crypto means coding which originates through cryptography (a type of coding language).
Bitcoins was Launched as a currency in the year 2009 with the price of 0.004 USD per Bitcoin. It was founded by a person named Satoshi Nakamoto. But no one knows where is that person and will he actually exist. Upon some researches on the internet I found that Satoshi Nakamoto was not a person, actually it is a group of 4 companies name Samsung, Toshiba Nakamichi and Motorola. BUT yet a mysthery...
Bitcoin fluctuate due to demand and supply. If demand rises the price of bitcoin rises but if demand decreases the price of bitcoin decreases. As paisa is smallest unit of Rupee same as the smallest unit of bitcoin is Satoshi. One Bitcoin has 100000000 Satoshis.
Is it safe to invest in Bitcoin ?
Investment in any crypto currency is niether risk free. But if you have some knowledge about it then you can earn a very good profit from it.
It all depends on your knowledge. If you think that in future bitcoins price will rise then you should invest in them. But if your prediction becomes wrong then you can bear a great loss..
So how you can know that is it right time to invest in bitcoin. I will tell you.. The current average price of bitcoin is nearly 2460$ to 2700$ ( only for 1-2 days). So if you find the price is lower then 2460$ then you should buy it. If the price is more then 2512$ then you should wait for its price fall.
(Note:- the above price is for short term profit means you can earn 1000$-2000$ in 3-4 days if you follow above price range)but if you want profit for long term then you can invest any time. Because some of its experts told that in 2020 its price will be go far of 10000$.
Do You Know : – The Person who invest only 100 dollars in bitcoins in 2009 is now 82 million dollar rich……
Conclusion
So, at last, we only say that the investment in bitcoin is not risk free but if you have some knowledge about it then you can earn huge profit. And remember the above price rate i gave was just my assumption it can different for different. You please invest at your own risk never depends on our assumptions. For upcoming post on cryptocurrency keep updated with us.
Invest Bitcoins. But after gaining some market knowledge. Start SLOWLY and play HARD....