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Everyone has heard the word “Bitcoin” and due to its volatile history, people have already made and lost millions in trading the most popular digital currency, namely Bitcoin. Prices began in the early days at less than a dollar and if you owned Bitcoins on Christmas day last year, you could have sold them for a whopping $17,500 each!
So, what sets Bitcoin apart from other cryptocurrencies? Bitcoin is not only a digital currency, it is also a payment system.
Bitcoin As an Investment
You will need to have a clear understanding of how Bitcoin works, looking carefully at the pros and cons before making any commitment. If you want to learn how to buy Bitcoin from reputable dealers like Bitcoin Dealers, check this website, where you can discover the world of Bitcoin.
If you are looking to make a long-term investment, this is an attractive proposition now. Bitcoin is hovering above $6,200 right now and as more and more people turn their wealth into digital form, prices are sure to rise in the long term.
When you buy Bitcoin from an established dealer, you get more than just a transaction. Friendly and outgoing experts are there to offer advice and they tend to tell it like it is. A good Bitcoin broker would also deal in commodities like Gold and diamonds and would accept payment for Bitcoin in any currency, as well as precious metal and stones.
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Bricks And Mortar Premises
It is quite easy to build a professional looking website that ticks all the boxes, and if you are going to send a third-party money, you want to be absolutely sure they exist and are legitimate. Once you have sourced the dealer online, visit them at their offices, which will give you peace of mind, knowing that you are not the victim of an elaborate scam. A market leader would likely have offices in Sydney, Melbourne and other Australian cities, and by sitting down with a friendly expert, you can discuss your needs with some confidence.
Aside from the price fluctuation, you run the risk of being scammed by an online organization, which is why a personal visit to their premises is a must. Once your Bitcoin is safely in your virtual Bitcoin wallet, it is as safe as can be, and with your personal key securely stored, no one can alter the data on the blockchain or access your wealth. There is a chance that the value of Bitcoin will go down, but all things considered, that is unlikely to be the case and if you are looking to invest for 3-4 years, now is the time to buy.
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Bitcoin transactions are close to 10 million per month, as more and more people see the many benefits, but make sure you don’t invest everything you have in a single commodity – diversify to minimize risk. Once you are ready to start trading in Bitcoin, visit your local broker who can help you to get started.
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Some questions for you:
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