The price of bitcoin has bot rising steadily overheen the years, and spil it becomes more mainstream, more and more people are antsy to invest te the technology. Long term investors te bitcoin have truly benefited from the price increases, and going forward, the future looks very bright.
(If you want to buy bitcoin, please read our pagina on where to buy bitcoin te South Africa)
Nobody knows what the price will be te the next hour, let alone the next year, so it is a high risk investment. What wij do know is the past voorstelling of bitcoin, spil shown ter the table below.
Current historical prices of bitcoin spil of 22/04/2018
Investors are drawn to bitcoin, when they see that te the past it has bot possible to make very good comebacks. Investing a year ago today (22/04/2018) would have given you a 177% increase te value of your bitcoin investment. Even an investment 1 month ago, would have got you a 23% increase ter value.
Tread cautiously when investing te bitcoin, spil past spectacle of bitcoin is not a prediction of future results either! Once again, nobody knows what the price will be ter the future.
For investors, bitcoin is the fresh gold
Bitcoin is sometimes referred to spil ‘digital gold’, or ‘gold Two.0’, and a lotsbestemming of similarities to gold. People buy gold spil an investment for the future, and similarly investors also buy bitcoin, te the belief that it will appreciate ter value te the future.
For centuries gold has bot seen spil valuable all around the world and now that bitcoin is around, it too is beginning to be seen spil a store of value due to its usefulness and scarcity. Like gold, to invest te bitcoin, usually means to buy bitcoin and store it securely and securely, te order to sell it at a future date for a profit. Some people might keep Kruger Rands te a safe spil an investment, while other keep bitcoin wallets.
The simplest way that the average person can invest te Bitcoin is to buy some on a bitcoin exchange.
Bitcoin is divisible like gold is, which means that if you want to buy some gold, you don’t need to buy an entire gold buffet, you can buy some gold to the value of how much you would like to spend. Bitcoin works the same way…you do not need to buy a entire entire bitcoin, you can buy bitcoin to the value of the amount you would like to spend. If you want to buy bitcoin to the value of R100, R1000, or even R1 million, you can do that.
At today’s current price of bitcoin of R17253 for one bitcoin, a purchase of bitcoin to the value of R2500 for example, will get you around 0.1449 BTC.
What is the ondergrens investment amount?
There is no real ondergrens amount when it comes to bitcoin, but to see any real terugwedstrijd on your investment, you should invest enough to make it worth your while. Since the price of bitcoin is volatile, it is not recommended to invest money that you will need despairingly ter the foreseeable future. Most people agree that to see the best benefits, a bitcoin investment should be considered a long term investment.
People often see the price of bitcoin and worry that it is too expensive to invest te, but the reality is you don’t need to buy a entire bitcoin, you can buy bitcoin to the value of the amount you can afford to spend.
Buying bitcoin overheen time
The bitcoin price volatility has bot steadily decreasing overheen the last few years, but even so, a single large investment into bitcoin is not always the best choice, often it can be wiser to invest a smaller amount at regular intervals.
Investors te bitcoin often use a technology known spil ‘Dollar-Cost Averaging’ (DCA) to protect themselves against fluctuations and downside risk. They do this by buying stationary amounts of bitcoin on a regular schedule, regardless of what the price is on the day. So spil an example, you might buy R5000 worth of bitcoin, regardless of price of bitcoin, on the very first day of every month. This would mean that you would purchase more bitcoin when the price goes lower and less bitcoin when the price goes high, but always the same immovable currency amount that you have determined on.
How much money will you make?
Nobody can predict the future, and since bitcoin trades like a commodity, it is possible for you to make a superb profit, or a meaty loss, depending on when you buy and sell your bitcoin.
There is no spreadsheet or table of earnings with bitcoin, or any monthly income from investing ter bitcoin. Beware of any webstek that offers you assured profits, tables with profits or a monthly income from investing!
Just like if you buy some gold for an investment, there is no monthly income from that, or table predicting your profit. The market prices switch based on supply and request, and your profit will depend on when and at what price you buy and sell your bitcoin.
Beware any bitcoin system or webstek suggesting ensured comes back, it is more than likely a scam or ponzi scheme, stay away!
What is a bitcoin exchange?
A bitcoin exchange is a webstek that facilitates the process of exchanging your Zoom for bitcoin with other users. If you want to invest ter bitcoin, the best place to do that is at a bitcoin exchange.
On a bitcoin exchange you are not actually buying the bitcoin from the exchange itself, you are instead trading with other users such spil yourself, who are putting their bitcoin up for sale. The exchange acts spil a middleman, ensuring that sellers get their Zoom, and buyers get their bitcoin. You cannot get scammed by another bitcoin trader on a bitcoin exchange, you do not know who you are trading with, and have zero communication with the other traders. Traders use bitcoin exchanges to trade bitcoin like Forex 24/7, but for investment purposes, you would just use the exchange to buy your bitcoin when investing, or sell your bitcoin when divesting.
How to securely store your bitcoin investment
Once you have bought your bitcoin on a bitcoin exchange, it is wise to withdraw it from the exchange and store it securely offline. If you are purchasing bitcoin regularly to waterput towards your investment portfolio, you can withdraw each time that you make a purchase to your secure wallet. Wij very recommend that you invest ter a secure bitcoin hardware wallet to store your bitcoin offline.
Wij suggest secure bitcoin hardware wallets for sale ter the form of the Trezor and Ledger wallet.
To find places where you can buy bitcoin ter South Africa, you can see a list here:
To see a list of bitcoin wallets you can use to store your bitcoin, you can read this pagina: