Alternative Ways to Invest in Bitcoin

Bitcoins, like other cryptocurrencies, are digital assets that work as a medium of exchange just like money, except they are all online. Sure, money can be online but bitcoin and other cryptos are far less tangible, and there is no actual underlying material asset. There is no promise to pay the barer x amount of money, and there is nothing physical at all about the asset. This did not stop Bitcoin from absolutely taking the world by storm in 2016, and being hailed by some of the most prominent futurists as one of the biggest technological developments over recent times.

Why Bitcoin?

Some of the key attractions to the asset class come from its elusive nature, but the currency is also almost anonymous, which people like. The asset is also completely unpegged to any national bank, so it is independent of basically any big corporation’s movements. As they are not currently in wide use, any investment is basically made on hype alone, or on the expectation that they will become in wide use. 

This investment will go into an online bitcoin wallet, where your bitcoin is held. As there is a limit to the amount of bitcoin in circulation, when/if it comes to be widely used, the expectation is that the price will increase drastically. It is for these reasons that it is one of the hottest asset classes in the last few years, and has received very substantial investment from all over the world. You may be asking how you can get involved in such an elusive concept, as it is not like buying stocks for example, but in truth, a lot has changed in the past few years, and the market has really opened up to almost anyone.   

Investment Through Apple Pay and Other Modes of Payment

Yes, you saw that right, you can buy bitcoin with ApplePay. Popular companies that are heavily involved in making bitcoin accessible have created one of these easiest ways to invest and will do all of the holding on their end and only charge you a one-off transaction fee for each transaction you make. Paxful allows you to buy bitcoin with ApplePay, and will also give you a medium to securely hold and sell this bitcoin just as easily as it was to purchase it. This is about as easy as it gets when it comes to investing; simply set the amount you would like to invest and pay with your thumbprint. 

Tracking Your Investment

There are many sites to check the price of bitcoin; however, a simple Google search will bring you up to date with the most recent price changes, as well as a comprehensive review of where the prices have been going over the past few weeks, months, or even years. This allows you to make projections, and set yourself targets of where you want your investment to go

Investing in bitcoin is not as stable and secure as doing so on the stock market, but it has seen some incredible growth over recent years. You should be sure to check it out as many people genuinely believe it to be the future global asset.

 

 

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