A Beginner's Guide on Why and How to Invest in Bitcoin_
                     Crypto World At Your Finger Tips!
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A Beginner's Guide on Why and How to 
Invest in Bitcoin?
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People all around the 2
world still fancy whether it 
is a good time to invest in 
Bitcoin or any other 
cryptocurrency. Bitcoin is 
the most significant 
cryptocurrency in the 
market, and it has gained 
attention from several 
nations and people across 
the globe. These 
cryptocurrencies are 
virtual assets that do not 
exist like traditional 
currencies.
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● They facilitate the way we can do a transaction without any involvement 
from the third party. At present, we, as a sender or receiver, have to deal 
with a third party which facilitates a transaction. 
● The main goal of Bitcoin is to free transactions from any form of the 
mediator, and due to this particular feature, this cryptocurrency has gained 
the largest market capitalization. However, not, many people know how to 
invest in Bitcoin, which is why this blog is meant to help you.
● Nowadays, the internet is loaded with a number of websites that offer crypto 
news and articles. In this article, I will discuss whether it is too late to buy 
Bitcoin or any other cryptocurrency.
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A Brief Look At The History Of Bitcoin
● Bitcoin was launched in 2009 by a group which described itself as Satoshi 
Nakamoto. A whitepaper was issued by this group, which gave some insight 
about this peer-to-peer digital cash system.
● The idea behind its launch was to introduce something which would 
eliminate the mediator who takes part in the transaction or a regulator who 
controls our money.
● At that time, about 10000 Bitcoins were used by someone to order just two 
pizzas. This transaction can now be regarded as the most expensive one, as 
the price of each Bitcoin has now reached more than $8000. 
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Blockchain, The Technology Behind Bitcoin
● Blockchain is an underlying technology behind Bitcoin. It is a decentralized 
network which facilitates peer-to-peer transactions between the senders and 
receivers. In simple words, blockchain is a never-ending chain of blocks. 
● These blocks could have any piece of information such as date, time, amount 
or any other thing that could be related to the transaction. Each block stores 
a unique code referred to as 'hash', which uniquely identifies a block within a 
blockchain system.
● Earlier, the size of a single block in the Bitcoin blockchain was 1 MB, but after 
some year, some people demanded to increase the size of the block so that 
larger transactions could be supported by the network. 
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● This resulted in a 'fork' which gave birth to a new cryptocurrency 
known as Bitcoin Cash(BCH). Although the size of each block 
increased, Bitcoin retained the top position due to its previous 
popularity. 
● The blockchain system contained millions of computers to verify 
transactions, and each transaction could not be reversed within this 
system. Thus, a system was introduced, which eliminated the third 
party and which was completely decentralized.
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Reasons Why Bitcoin Became a Bubble
● In a single year, this cryptocurrency saw a 28 times growth in its price 
before a drop of 60%, and this event became a main event in the 
crypto world which came to be known as 'Bitcoin Bubble'. Here, I 
have provided a price chart which can tell you why Bitcoin gained the 
status of a bubble.
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● In 2011, Bitcoin started its journey with a price tag of 30 cents or 
$0.30, and within some months, the price reached $30. However, in 
the end, it again reached $5, which made Bitcoin the biggest bubble. 
● In 2013, Bitcoin started with $15, and by the middle of March the price 
reached $50, by next month one Bitcoin was valued $100, and within 
two weeks its value doubled making a Bitcoin worth approximately 
$230.
● In 2017, the value of Bitcoin reached $900, and at the year's end, it 
was at $20000(this was the second-largest bubble). 
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Which Is The Best Place To Buy Bitcoin 
● Basically, the best place to sell and buy Bitcoin is LocalBitcoins, 
which is the most significant Bitcoin exchange platform that helps 
match Bitcoin buyers and sellers reside at a very close distance and 
could enable online transactions. Also, this exchange service offers 
an escrow service, which was introduced to bring fairness for the 
platform's users. Besides this, there are also other crypto exchange 
platforms such as Binance, BitMEX, Coinbase and many more.
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Why Is Cryptocurrency The Future?
● Almost every potential investor whom I've met has asked at some point 
the question- What is the future of cryptocurrency or Bitcoin? Digital 
currencies possibly will proceed to settle into stable products, niches, 
and uses, becoming a viable alternative to many fiat currencies.
● Unregulated crypto space is both undesirable and strange, as 
governments are willing to maintain their monetary policies and 
decrease the impacts of untamed crypto. Bitcoin, together with other 
cryptocurrencies, could see increased stability and general use, as less 
popular cryptos would gain adoption for specific purposes and 
industries.
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How Much To Invest In Bitcoin
● The answer to how much to invest in Bitcoin depends on three factors 
which are as follows.
● 1. Risk Tolerance- It is the biggest factor. Wealthy people could spend 
a significant amount of money and take risks. However, people with 
small income could put a fraction of their savings to get some profits 
from Bitcoin.
● 2. Timing-Timing is a factor which plays an important role. Earlier, 
Bitcoin gained lots of attention within a short period of time, but now, 
this cryptocurrency has become expensive. Still, we can invest in its 
fraction, which is about $.
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● 3. Diversification- It is a system where an investor could reduce the 
value of luck. It indicates the investor will not only spend in cryptos but 
also allocate their resources to various investment vehicles which could 
be real estate, stocks or even gold.
● The investor can also leave some of their investment at their bank to 
make a little interest. Although it is a worse decision in terms of making 
a profit, it will somehow secure your investments.
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Why Invest In Bitcoin
● The potential massive gains from Bitcoin aren't the single thing making 
it such an interesting asset. The point that both the market and 
technology are so young indicates there is a lot of space for 
improvement and hence the growth in price.
● Bitcoin has spent a decade, and the quantity of work that is to be done 
blockchain is more massively every year. The developers of Bitcoin are 
always on duty, and the code is being worked on non-stop to improve 
privacy, scalability and other impressive features. 
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Conclusion
In this article, we have discussed some important things, such as the best 
place to buy Bitcoin and how much to invest in Bitcoin. Besides this, we 
have also discussed on how to invest in Bitcoin. As mentioned above, this 
cryptocurrency has a huge potential to grow and could become the best 
investment in the coming years. There are several platforms that provide 
news on Bitcoin and other cryptocurrencies. From the above discussion, 
we can say that it is a very good time to spend money on 
cryptocurrencies.
                                               Sources
https://www.cryptoknowmics.com/news/how-to-invest-in-bitcoin
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