Bitcoin is a cryptocurrency. In last few years it's get the most hype. So people also wondering is it safe to invest on bitcoin or other cryptocurrencies.
Before going further you should know about cryptocuuurency. So what is cryptocurrency?
Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
If you want to know more about cryptocurrency refer to this link given below.
https://en.wikipedia.org/wiki/Cryptocurrency
Now we know about cryptocurrency. So now what is bitcoin and do we have to invest on bitcoins?
Bitcoin rate is increasing day by day.
Recently it reaches to rs1241879 indian rupees. It is the cost of 1 bitcoin. And assumption is, it may increase to 18-19 lakh at the end of this year.
The figures in US dollars is $19399.
Before going further you should know about cryptocuuurency. So what is cryptocurrency?
Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
If you want to know more about cryptocurrency refer to this link given below.
https://en.wikipedia.org/wiki/Cryptocurrency
Now we know about cryptocurrency. So now what is bitcoin and do we have to invest on bitcoins?
Bitcoin rate is increasing day by day.
Recently it reaches to rs1241879 indian rupees. It is the cost of 1 bitcoin. And assumption is, it may increase to 18-19 lakh at the end of this year.
The figures in US dollars is $19399.
So according to me and other researchers too it's beneficial if you invest on bitcoin.
But as it's cryptocurrency their is no hold of government meaning Bitcoin presence is on internet only. Any transaction is done on internet. If you give your bitcoin to someone but if it's not reach to the destination so you can't get help from government for your loss. This is the only main drawback of cryptocurrencies.
Procedure to buy bitcoin:
Firstly you have to sign in to a wallet which let you buy bitcoin. One of them are zebpay (for india),etc. You can search the best you wallet available in your country for bitcoin transaction.
Secondly you have to give all the information it wants like your id proof, bank account number,etc.
After that you have to deposit some amount on his wallet to buy bitcoins.
Their is a limit on minimum and maximum amount you deposit, it may vary wallet to wallet.
After that you can buy your bitcoin of amount you want. And then if it increased and you make profit (as it increases day by day) you can withdraw the amount on your bank you want.
Other cryptocurrencies which is increasing and looking your investment are:
- Litcoin
- Monero
- Neo
- Cardano
- Ripple
- lota
At last i'm not suggesting you or telling you to invest on cryptocurrencies. It is totally your choice and profit or loss all is your lookup.
But if you are looking to buy bitcoin or your wallet will be zebpay then don't forget to use this referral code given below. It'll give you some extra bitcoin to you.
Referral code:
REF56122018
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