What Is the Price of Bitcoin?

The price of bitcoin never stays the same. It is very volatile and depends on many market factors—that’s the main reason why many people still don’t see it as a real currency and do not trust it to store the value of their savings. Usually, the price of bitcoin is measured in USD, and it has been hovering between $8,000 and $10,000 in recent months.

Bitcoin’s price is very much influenced by the halving—a special event in the crypto world that takes place approximately every four years. During the halving, the reward for verifying new transactions and adding them to the blockchain is reduced by half. After the previous halvings, the price of BTC fluctuated severely, first falling by around 30% and then skyrocketing to all-time high positions. Post-halving uncertain moves have led to the price settling at a higher support line than before. Since then, the halving has started to be considered as a trigger for a price increase.

Is There a Minimal Investment?

Investors can buy as many bitcoin as they wish. The minimum amounts are set by sellers and exchanges. Most investors go by a common rule that one shouldn’t invest more than one can afford to lose, therefore defining the maximum investment individually.

Nevertheless, many crypto professionals state that there is very little possibility that bitcoin will repeat its first-in-history 2017 rush because some measures have been taken that are designed to regulate the surge. Instead, the market will experience spikes of 20–30% from time to time, corresponding to the market behavior.

What Is the Best Way to Invest?

First of all, you must determine your needs and intentions. Purchasing bitcoin is a serious undertaking that demands a profound understanding of the market. The community of bitcoin holders is large, so it is wise to establish contact with some experienced traders and ask for advice or comments concerning the present market situation. Many web sites, communities, and video materials offer educational content, crypto data, and related news that can be very informative and handy. It takes time and effort to understand which investment method suits you best.

One of the most popular ways to start investing is through specialized investment funds. Such funds are created with the purpose of making the process of investing easy and accessible to everyone. They operate partially on the same principle as hedge funds do—users buy shares, and each share represents a tenth of a bitcoin. One of the main disadvantages here is that the price of a share is usually higher than the real price of a tenth of a bitcoin.

How Can I Stay Safe from Scammers?

Do not buy into something that sounds too good to be true, such as too beneficial offerings where you pay almost nothing and gain everything. It is better to choose exchanges that have an established reputation and are well known in the crypto circles.

Bitcoin’s history is full of successful scams where investors lost millions of dollars as a result of hacks or deceits. One of the most famous occasions is the financial pyramid known as a Ponzi scheme. The first investors received more money than those who joined afterward; therefore, the money from newly-arriving investors went straight to the old ones. There’s always an end to such a pyramid, and when the end came, it left the new investors with nothing.

Choosing the proper way to invest is no less important than to know how to trade.

The Basics of Bitcoin Investment

• Learn at least the basic principles of dealing with bitcoin before diving deep into investing your hard-earned money.
• Don’t be stingy with your time and effort when learning. The more you know and the more experience you get, the less likely it is that you’ll get scammed in the future. Pay attention to detail, try to study the network and its operational principles, communicate with those who have good expertise, and learn from them.
• Treat your desire to buy bitcoin as a serious undertaking, not something to play with. You must have a plan for every investment.
• Bitcoin has a lot to offer. It can become passive income to fall back on if you don’t want to work at a regular job, decide to travel the world, or fall ill.
• The golden rule here is to stay reasonable. Experienced[MG2] traders try to buy Bitcoin with all money they have when they can afford it, but they never treat their e-wallets like real ones full of money to cover their expenses at the time of need.

It is fair to say that every investment requires a profound attention and examination before going into it. And it’s not only the asset that should be analyzed. It is important to find a reliable exchange that would meet security and other requirements. The duly chosen exchange defines how safe your transactions will be. It is highly important to remember these takeaways and implement them in your real-life investment strategies.