Are you searching for ways to get started investing in Bitcoin but without a lot of risk?
Do you have minimal knowledge or investing experience?
If you answered “yes” to either of those two questions, then it’s no accident you are here.
Before we get into the subject of earning money by investing in Bitcoin, let’s first go through a basic primer on Bitcoin 101.
What is Bitcoin?
Bitcoin is a form of digital currency (aka “cryptocurrency” or “crypto”) that was invented in 2009 by the mysterious and possibly fictitious, Satoshi Nakamoto.
Bitcoin and other cryptocurrencies (aka “altcoin”) are used for secure and instantaneous transfer of value worldwide.
Unlike regular fiat currency, digital cryptocurrencies are not controlled or issued by a bank or government.
Instead, cryptocurrency is an open network managed by its users.
Think of Bitcoin and other cryptocurrencies in the same way as email improving communication by making it faster and less costly.
Using this analogy, you can see how Bitcoin is an improvement over existing standard payment methods of today which were not originally designed for the digital age.
How safe is Bitcoin?
According to Coinbase:
“Bitcoin’s core protocol is viewable by anyone, has been vetted by thousands of security researchers around the world, and has proven to be robust and reliable after immense scrutiny.
Using bitcoin is similar to using other private applications on the internet, such as email or online banking.”
You can think of accessing your Bitcoin and cryptocurrencies in the same way you access other Web services, such as online banking. A password and other online safety protocols are required in order to access your money.
Is Bitcoin tied to the value of another “traditional” type of currency?
What makes Bitcoin and other cryptocurrencies so unique and exciting is the fact it is NOT tied into the value of any other currency.
However, just like stocks or commercial real estate property, the value of Bitcoin is determined by the buying and selling of it in the open market.
The price of Bitcoin changes in real-time according to the number of people worldwide looking to buy or sell it at a given moment.
Why does Bitcoin change in value?
Bitcoin is traded for regular currencies like dollars, euros, and yen in real-time, 24/7.
Depending on the demand for buying or selling Bitcoin, its price can change up or down from day to day.
This is similar to the value of a stock or commercial real estate property fluctuating based on supply and demand.
Why use Bitcoin?
With Bitcoin you can instantly send any amount of money to anyone worldwide without a bank.
You can access your money without an ATM or credit card, giving you more control over your hard-earned money.
Many major companies like Microsoft and Overstock.com now accept payment in the form of Bitcoin, and many non-profits also accept Bitcoin donations.
How do I get started investing in Bitcoin?
You can start investing in Bitcoin for free and seeing favorable returns very quickly by following these three simple steps:
Step 1: Set up an online wallet
First, you’ll need an online wallet to store your Bitcoin and other digital cryptocurrency.
You can get a free account with Coinbase.
Step 2: Exchange your money for Bitcoin
After you set up your Coinbase wallet account,you can exchange your money for percentages of Bitcoin and store it all in your online digital cryptocurrency wallet.
Step 3: Join a reputable Bitcoin automated investing platform
I highly recommend USI-TECH and you can get started for free with their automated Bitcoin platform that pays 1% daily (excluding weekends and holidays) in their unique offering called the “Bitcoin (BTC) Package” which is offered at 50 euros (or roughly $60).
To get started earning more Bitcoin with USI-TECH, you simply purchase one or more Bitcoin Packages from USI-TECH using the Bitcoin you have in your CoinBase wallet.
The incredible USI-TECH BTC Package promises to generate 1% daily returns (excluding weekends and holidays) for up to 140 days.
You can withdraw funds seamlessly anytime or simply let the system automatically rebuy more BTC Packages from your account when you have the proper funds.
Bitcoin is the world’s first completely open payment network where anyone connected to the Internet can join.
It was designed to be used on the Internet, and does not depend on banks or private companies to process transactions.
As more and more major corporations, celebrities, and entrepreneurs are jumping into the digital cryptocurrency world, it makes sense to join this Bitcoin revolution now while the time is right and the worldwide call for change gets louder everyday.
Have you started investing in Bitcoin and digital cryptocurrencies?
What have been your results so far?
Leave your thoughts on investing in Bitcoin in a comment below!
James K. Kim (Jim) is a commercial real estate advisor with Pyramid Brokerage Company of Albany, Inc. in the Capital Region of New York, specializing in helping business owners expand into new locations or sell/lease a commercial retail, office, industrial, or investment property.