Bitcoin
BTC$42 435.30

-3.82%

Ethereum
ETH$2 898.43

-7.49%

Cardano
ADA$2.23

-0.57%

Tether
USDT$1.001440

0.09%

Binance Coin
BNB$352.49

-7.00%

XRP
XRP$0.932568

-6.42%

Is the time ripe for a bitcoin investment?


#Bitcoin

Investing in cryptocurrency such as making a bitcoin investment has been possible for some time, but it took a long time to gain traction by the masses for several reasons – bitcoin was new, it was technical and, for many, it was hard to understand. Additionally, it was unregulated and decentralised, tax implications were unknown, and for many investors, bitcoin was too different and too untested.

In fact, the inventor or founder of bitcoin was even unknown! Though recognised as Satoshi Nakamoto, it is not clear if that is a person, a group of people or something else altogether! Even some 10 years since its founding, its creator has still not been identified, which, for some investors, might be another reason to stay clear, at least for now.

Bitcoin drew the attention very quickly. It was an intriguing payment method for millions of investors, and it promised a revolution for finance. The most exciting thing about bitcoin is that payment transactions do not require to go through the intermediary. Thus, it eliminates the bank role, making all transactions processed directly from one user to another. Another significant benefit of this digital currency is that all the transactions are verified through cryptography. It ensures bank-level security (since banks also use cryptography) and does not give anybody access to funds of other users.

Thanks to security, transparency, and distributed model, bitcoin has become a valuable asset. People get bitcoins by mining – the process when the hardware is programmed to do calculations for the Bitcoin network. This process allows miners to receive digital coins as rewards. At the same time, it increases security. However, it is a complex way to receive bitcoins. But more and more traders prefer a more accessible option – bitcoin investments.

During its 10-year history, the idea of a bitcoin investment has become more widely accepted, especially by less risk-adverse, more technical-leaning traders.. At the tail end of 2017, when the price of the cryptocurrency climbed higher and higher, investors were investing! The crypto coin reached a high on 20 December 2017 at $19,783.21, having bounded up quickly in the preceding months.

But that is the way it often is: when prices are going where you want them, whether up or down, it can look like a great time to invest. And it might be: but choosing when to invest, when to buy and when to sell, should be based on many factors. These include a lot of analysis (fundamental analysis and technical) as well as thoughtful preparation and understanding of your trading goals – and not just rising (or lowering) value. You might want to ask yourself:

Recognising A Good Time to Invest in Bitcoin

Whatever your answers, many people do choose to make a bitcoin investment based on emotion, which experts generally recommend against. So, when would be a good time to invest in Bitcoin? When you’ve evaluated the data, understand the technology and perhaps the alternatives, and after careful study have a good sense that the time is right based on, largely, analysis.

Is The Time Right for Investing in Cryptocurrency

Bitcoin and the other cryptocurrencies – and there are scores of them – are considered quite volatile, with prices changing often, sometimes modestly, sometimes more wildly. As we know, volatility can be a useful tool for certain investors, such as day traders. But if you considering making a bitcoin investment or are thinking of investing in cryptocurrency in general (or any other asset, actually), it makes sense to study, read, talk to experts, analyse, and then decide if investing in a crypto is right for you. Because while investing in bitcoin might be a great move, it might not be. Better to have as much info as possible before you decide to jump into a bitcoin investment.

How to Invest in Bitcoin

When you’ve decided bitcoin investment is right for you, you have a few choices. You can open a cryptocurrency wallet or buy a mining rig, or you can choose to invest in bitcoin via a CFD. CFDs let you trade on the price of an asset without being bound by having bought the asset, and CFDs also provide traders with the added benefit of being able to trade on a rising or falling asset.

Investing in cryptocurrency or making a bitcoin investment might be right for some traders. It’s cool and it sets out to do something that would change the world. It makes sense that some people are going to want to invest in it.

If you think you might be one of them, do you research, learn all you can, and then decide if a bitcoin investment is right for you. If it’s a go, check out the bitcoin CFD offering here at ROInvesting, where you can trade bitcoin via CFDs with leverage and other benefits including not needing to worry about those pesky bitcoin wallets.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 86% 27 $42 435.30 -3.82% -10.67% $798 843 453 346 $41 875 933 869
2 Ethereum (ETH) ETH Ethereum predictions 74.8% 50 $2 898.43 -7.49% -16.63% $341 018 107 532 $25 119 846 328
3 Cardano (ADA) ADA Cardano predictions 64% 78 $2.23 -0.57% -6.34% $71 411 624 055 $5 734 484 720
4 Tether (USDT) USDT Tether predictions 96% 1 $1.001440 0.09% 0.11% $68 691 485 942 $92 416 325 974
5 Binance Coin (BNB) BNB Binance Coin predictions 60.8% 78 $352.49 -7.00% -14.45% $59 266 206 180 $2 064 251 017
6 XRP (XRP) XRP XRP predictions 75.2% 48 $0.932568 -6.42% -12.98% $43 567 385 538 $4 641 985 825
7 Solana (SOL) SOL Solana predictions 63.2% 83 $139.49 -5.82% -1.32% $41 467 489 552 $4 041 527 553
8 USD Coin (USDC) USDC USD Coin predictions 91.6% 1 $1.000761 0.07% 0.05% $30 432 510 822 $3 991 490 878
9 Polkadot (DOT) DOT Polkadot predictions 62.8% 74 $30.77 -2.94% -9.08% $30 391 187 124 $3 785 910 016
10 Dogecoin (DOGE) DOGE Dogecoin predictions 65.2% 78 $0.208918 -6.33% -14.44% $27 455 953 723 $2 219 973 271
11 Avalanche (AVAX) AVAX Avalanche predictions 63.2% 82 $73.45 -4.25% 12.05% $16 179 548 858 $2 391 193 014
12 Terra (LUNA) LUNA Terra predictions 68.8% 61 $34.85 -2.03% -0.58% $13 942 018 660 $2 307 928 114
13 Binance USD (BUSD) BUSD Binance USD predictions 95.6% 1 $1.000668 0.05% 0.05% $13 477 216 401 $6 991 450 944
14 UniSwap (UNI) UNI UniSwap predictions 65.2% 74 $19.64 -8.12% -20.80% $12 010 497 802 $461 226 982
15 Chainlink (LINK) LINK Chainlink predictions 68% 64 $22.80 -7.36% -19.93% $10 361 191 269 $1 641 630 892

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