The value of bitcoin today is very far from that of past years. If in fact we are going to look at the Bitcoin exchange rate against the US dollar on the Forex market, we note a peak that can be placed in November 2013. In that period, in fact, the BTC / USD exchange rate was equal to 1.051. On those positions, as can be seen from the bitcoin charts, the cryptocurrency managed to stay a short time. Within a month, in fact, the price of bitcoin returned to the 700 times.
It was precisely in that circumstance that there was talk of a speculative boom on bitcoin. According to many analysts, that is, the race of the cryptocurrency was showing all its limits. We will return to the issue of the advantages and disadvantages of bitcoin later. For now, we will simply state that, as can be seen from the bitcoin charts, the cryptocurrency has deflated itself but has nevertheless shown that it is not a passing phenomenon.
How to Buy Bitcoins
The question of how to buy bitcoins is completely different from the question of how to invest in bitcoins. The first, in fact, more than the investment field concerns that relating to the use of bitcoin itself. With the second question, however, we are in full speculative sphere. To do this it is necessary first of all to have an account that allows this kind of operation.
Open Bitcoin Account
The first step to buying bitcoins is to open a bitcoin address. In practice it is a question of activating a sort of personal bank on which to rely on one’s own buying and selling activity. Compared to the past today, the wallets compatible with Windows, OS X, Linux, Android and iPhone are really many. Among the most used programs to exchange bitcoins are Electrum, Mycelium and Hive. All these programs, beyond their technical specifications, are very easy to use and absolutely open source. These are devices that guarantee maximum safety and speed.
Where to Buy Bitcoins
After opening a personal wallet it is possible to move on to the bitcoin purchase phase. The services available for this type of operation are many. The advice to give to those who decide to buy bitcoins is to rely only on authorized and reliable seller sites. Among the sites where it is possible to learn more about bitcoins is londonlovesbusiness.com. It is the most consolidated site on which you can read before you buy and sell bitcoins in absolute safety. Security is the primary request of those who work with bitcoins. From this point of view, the site we have mentioned offers very high guarantees, also requiring the customer to send an identity document.
But operationally how bitcoin buying and selling takes place on these sites. The process is very simple. Once the registration phase is complete, there can be two solutions: either connect your account to the site or make one-off payments also with Post pay. Through these two ways takes place the feeding of the bitcoin account. Obviously also with regard to this aspect, the safety standards are very high. The connection of the personal account to the bitcoin account requires the fulfillment of some checks. Obviously the purchase and sale of bitcoins do not take place at a fixed exchange rate but in light of what the market fluctuations are.
How to Make Money With Bitcoins
To make money with bitcoins, you need to find the right time to sell or buy. When the quotation of bitcoin, back in November 2013, recorded a real surge, many people made money and managed to sell at the right time. The answer to be given to each investor’s typical question “how to make money with bitcoins” is simple: anticipating the market. Obviously, being able to understand when is the right time to sell or buy is not child’s play. As with any other type of investment, also in the case of bitcoins it is necessary to take due account of the famous general context. One can use this bitcoin account as their bank account. One can use it any way as like bank account.