How to Buy Bitcoin – a common question that everyone seems to be asking these days. And for good reason.
I’ve been a curious and cautious observer for the whole Bitcoin and Cryptocurrency boom that has been taking place. 2017 has really been a massive catalyst for Cryptocurrencies.
Have a look at the crazy chart below of it’s unprecedented rise.
It hurt me to think that I was looking at buying some Bitcoin when it was around $700 or so.
But hindsight will hurt you.
And at the end of the day. I never purchased.
I did, however, get on the Crypto train midway through 2017, so I have to be grateful I at least took the leap and chance, and so far I’ve been profitable.
However, if you still haven’t invested, then it is my personal belief, along with people a lot smarter than me, that it’s definitely not too late.
In fact, will it ever be too late to invest your money into Cryptocurrencies?
Of course, there will be price fluctuations and some corrections, but that is just how financial investments work. The general trend will be on the rise however.
Why you should buy bitcoin
These are some of the clear advantages of Bitcoin/Cryptocurrencies
- Only a limited supply that is possible to be created.
- We are in the early phases of Cryptocurrencies being adopted into the mainstream. eg ATM’s, shops accepting bitcoin
- There is massive buzz that will only increase, meaning more people will be jumping on board.
- The relatively small amount of people currently invested/involved in the Cryptocurrency boom leaving a huge potential for prices to rise.
- Fast, Cheap/Free transfer of your money/coins which we don’t currently have when using Paypal or Banks to transfer money.
There are many other advantages but Cryptocurrencies are definately here to stay.
It’s Digital Money.
And digital money is next phase of this whole Information Age that we are currently living in. Where new technologies and ideas disrupt the existing models of our society.
Just as Uber did to the taxi/transport industry.
Amazon or Ebay to the consumer market.
AirBnB to the hotel/accommodation industry.
Even when the Internet came around in the early 1990’s, people used to say that it won’t be around for long and is just a phase.
Cryptocurrencies are looking to be bad news for the Banking system.
How to buy Bitcoin
Buying Bitcoin and other cryptocurrencies is really easy.
Basically, you sign up to a marketplace, like you would if you were buying shares.
The marketplace that I use is CoinSpot.
It’s based in Australia so you don’t have to stress about it going bust and you never being able to track your money like it could potentially happen in another country.
It’s also one of the largest, most secure, and easy to use marketplaces.
I’ve researched and used quite and few and I find this to be the easiest.
With CoinSpot, you are also about to buy other popular cryptocurrencies such as Etherium, LiteCoin, Ripple, Dash, Monero, Power Ledger.
Essentially these are similar “coins”, all using similar technology. I won’t go into detail here.
If you are looking to invest though, it would be a good idea to spread your risk by buying a few of the larger coins as mentioned above.
They have similar charts to Bitcoin and are still on the upward trend.
Cryptocurrencies are here to stay.
Don’t beleive the mainsteam media hype.
Take action and enjoy the ride.