• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Business
  • Commerce
  • Management
  • Insurance
  • Banking Finance
  • Marketing & Advertising
  • Tech

Business Finance Articles

Your First Financial Choice....

  • Education
  • Career
  • Investment & Money
  • Accounting & Taxation
  • Transportation & Logistics
  • Industries

Things to Consider before investing in Bitcoin

Last Updated on May 3, 2020 By Ayesha Saeed Leave a Comment

Unlike other currencies; Bitcoin is a decentralized currency created and owned by individuals or groups of individuals. Being a real currency like dollars, pounds, and euro; it was invented back in 2008 as a digital currency to invest and trade globally.

Hundreds and thousands of people are trading and investing in Bitcoin. It has proved itself as the best digital investment ever. Bitcoin got take off in 2013 when a single bitcoin was equal to $13.50 in April and got the highest price in November 2013 which was equal to $1075.

Currently, 1 bitcoin is valued at $8725+. These historical based facts clearly indicate that it would increase in the future once any govt. officially holds and declares it to be a legal entity like Euro, Pounds, and Dollars. If you’re the one who is looking to invest in it.

Table of Contents

  • Things to look before investing in Bitcoin
    • Demand and Supply Difference
    • Different Prices
    • Different Investment Behaviours
    • Wallet Security
    • Decentralisation
    • Other Currencies
    • Set your targets
    • Criticism on it

Things to look before investing in Bitcoin

All investors do make investment decisions for the sake of making money. There are hundreds of online or digitally profitable investment options that brought investors interest in building their digital properties. Crypto trading is also considered the best investment option and from all the available currencies, bitcoin is the best option. There are the most important things you must know before making a buying-selling or investment option.

Demand and Supply Difference

The major reason for the increasing price is that Bitcoin has a low supply over its demand. Investors are stocking in wallets and supply is very limited that can suddenly fluctuate its prices. One bitcoin dollar reached its peak price of $20,000 back in 2017.

Different Prices

There are different prices of each bitcoin everywhere as bitcoin is being traded by different exchangers and price calculate on recent transactions. Always check bitcoin stock price today at one exchanger you trust before making any decision.

Different Investment Behaviours

Every investor has different behavior. Few make long terms investments and others are willing to get an instant or quick return. This uncertain bitcoin buying-selling behavior leaves no hint to predict the future. Anything can happen in the next few seconds. Things may bring positives for you but if suddenly people start selling – it will reduce prices

Wallet Security

Bitcoin is traded and stocked in digital wallets. Keeping your cryptocurrency secured is big trouble for less tech-oriented investors. There are many tools, password storing apps, encrypted hardware that make it a little tricky.

Decentralisation

Bitcoin is not centralized by any Govt. to date. As being decentralized, which means there’s no involvement of anyone but you – makes it vulnerable for cyber attackers to steal your assets.

Other Currencies

Currently, there are 4900+ digital currencies across the world. Bitcoin is the best trading option among all of them. As said earlier, cryptocurrencies are unpredictable and unstable – investing in only bitcoin or any single currency can be risky.

Set your targets

Bitcoin investment is like the forex or other trade investments which has both profit and loss. Being investor; a clear target of investing, making profit/loss from the invested is highly appreciated. Making unplanned investments can take everything off.

Criticism on it

Bitcoin’s invention has an unclear origin which makes it a debatable topic in various markets. It is a digital asset or investment which any investor and creator as unable to touch.

ayesha saeed
Ayesha Saeed

A happy mom, professional article writer, SEO practitioner, blogger, guest blogger & freelancer. She’s been in digital marketing since 2018. She loves reading books and spending time with her family.

Filed Under: Investment & Money

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

House Security-Backed Mortgage
chip
Global supply chain
office meeting for Mastering Business Management
Packages
Mock test
apy vs apr
person hand holding paperboard and calculator, papers and book on a table
Sale for land
woman hand holding Pointer and writing in Notebook
home office meet in young boy and girl's
laptops on white table
girls hand on paper and man writes on it
consider every opportunity in your life as a road to a better future
businessman near stand in Window and using smartphone
woman hand holding black book and near man working
person using calculator and papers on table
a person scanning his credit card
Insurance Trucking Company
car accident
man use Shot Peening Machine
Hiring lawyer
property-insurance
Contingent Beneficiary
money in the envelope

Footer

  • About US
  • Contact Us
  • Blog
  • Comment Policy
  • Terms & Conditions
  • Privacy Rights
  • Privacy Policy
  • Follow Us On
  • – Google News
  • – Facebook
  • Entrepreneur Skills
  • Business Cycle
  • Business Ideas
  • Speculator
  • Be Wealthy
  • Psychology in HRM
  • HRM in Business
  • Businessman Qualities
  • Salespeople Types
  • Health & Business
  • Business Success Rules
  • Stress At Work
Copyright © 2018-2022 BFA