Investing in digital currencies

Do you invest in digital currencies?
If you decide to invest your money, investing in digital money will be the best decision for several reasons.

1- Increasing the financial value of your profits
As a result of the loss of paper currencies, many people are starting to invest their money in a better alternative

2 - the technological idea of ​​digital currencies
The digital currency industry is built on an amazing technological idea. It enables you to use your digital money wherever you are in the world, but if legislators do happen to do so,

1. Record of achievements
   Since the introduction of the encrypted currency "Petcavin" in 2008, which is the first digital currency, investors in the digital currency great financial benefit, especially after the huge rise in prices in the long term, so digital currencies ensure you a huge improvement in your financial situation over time

II. What are the potential risks?
You need to know that it's not entirely pink, here are some potential risks:

1. Bubble
   Some industry experts believe that digital currencies are a bubble and will not last very long, and Jimmy Demon, CEO of JPMorgan, agrees.
   Some financial investors also see that the digital currencies will not benefit much on the owner because they are not supported by anything and their price fluctuates high, their position in the financial market is still shaky and may not be able to compete paper currency for these reasons.

2. High price volatility
   This point is now interesting, as this fluctuation can change your financial balance between earning a lot of money, and losing most of it.

3. The legal position of digital currencies
   So far, the digital currency has not been officially recognized as a real currency in many countries, so when you are in a store you will have some difficulty if you want to pay in digital currency, and some expect digital currency to be taxed when it is adopted as official currency.
   Third . What is the best digital currency for investment?
   There is no real answer to this question. There are many factors on which the answer to this question depends. Let's look at the most important factors:

   1- Admission
   Before you start to choose a particular currency to invest in, you need to know how popular the currency and its supporting community are, and perhaps the number of countries you recognize as a legal currency eligible for sale and purchase.
   2 - mobility
   The digital currency you choose must have a very important feature, which you can go from one place to another and from one country to another without experiencing difficulties.

   1. Enjoy high security
      The digital currency of your choice must be at a high level of security, which is the common denominator of all current legal currencies beginning with the US dollar and even the British pound, for this reason
      Your currency must be a safe currency.

Over the years, many digital coins have been issued, which the owners promise will become better than the previous one, to take a look at most of them so far:

• Bitcoin: Digital currency "Betcuin" proved to be the best current digital currency in terms of financial value, it provides a large return on investment, yet it is not immune to the vibrations of the financial market as we have already explained.
• Ethhereum: Ethium acquires the second largest market share traded by market
• Litecoin: one of the most stable currencies in the market so far, so that currency traders are calling them in the market "the safest digital currency in the digital currency market," despite the exposure to prevent trading within the State of China.

There are many other digital currencies in the financial market, check out each and choose which ones you will invest in the future

How do I start investing in digital currencies?

Start taking the following steps:

1 - Choose one of the digital currencies
The first step to investing is to choose a particular currency to start investing in, and you must choose this currency very accurately from the thousands of currencies currently on the market

1. Save some money
   You should plan and prepare goals before doing anything, so you have to determine how much money you will invest, whether you will invest weekly or monthly, etc. Once you decide, save the money to invest and choose the right time to start
2. Record in a digital wallet
   You will have to register in a digital wallet, through which you will buy and sell digital currencies, and there are different types of different currencies such as the portfolio of Betcuen, etherium portfolio, etc.
   4- Participate in the trading platform
   After you register in a specific currency portfolio, you ca n now join a trading platform where you will be selling and buying. Examples of popular trading platforms (HitBTC, Bitfinex, Bittrex, Coinbase, Bitstamp)
3. Time to buy
   Once you have joined a platform for currency trading, start buying currencies now
4. Storage
   Store the coins that you obtained on an external hard drive away from the Internet, to protect it from currency thieves and hackers

You must know that entering the world of digital currency carries a potential risk, so before making your decision to join this world you should consult experienced people first