HomeGeneral knowlegdeInvestInstructions on how to invest in playing Bitcoin effectively 2022

Instructions on how to invest in playing Bitcoin effectively 2022

Bitcoin Investment

New to Bitcoin? You hear a lot of people "rumored" that investing in bitcoin is very profitable!

So what's the truth? Let Blogtienao learn what is bitcoin investment? and how to play bitcoin

What is Bitcoin Investment?

Just like you invest in gold, or real estate. You buy gold or land in the hope that the price will increase in the next few years to sell at a profit.

Bitcoin too!

Bitcoin investing is putting your money in Bitcoin with the expectation Bitcoin price will increase in the future to sell for a higher price than it was bought.

It's easy to understand, isn't it!

Is bitcoin investment safe?

When it comes to the word "investment", you must be a little afraid because you are afraid of "losing everything", right?

I also make it clear that investing in bitcoin is an investment risky investment but not safe.

Because the technology to create Bitcoin is also very new. And Bitcoin itself is also developing day by day to get better.

No one knows what Bitcoin will look like tomorrow. Or will there be a currency to replace Bitcoin or not?

Therefore, when investing, you should only use money that when losing will not affect your life.

Is it safe to invest in bitcoin?

Risks when investing in Bitcoin

You must have heard it somewhere before.No risk, no rewards"yeah.

If anyone hasn't heard it, you can understand it roughly If there is no risk, there is no reward.

The bigger the reward, the higher the risk.

When investing or playing bitcoin can bring you huge profits. However, with high returns, the risks are also extremely high.

The following Blogtienao will present you with some risks that you need to know before investing:

  • Price volatility: Bitcoin has a large price fluctuation range. In a day it can fluctuate a few percent but there are times up to 20-30%.
  • Security: Although Bitcoin has never been hacked and is very difficult to hack, but in the future, we cannot know.
  • User: This error is caused by the carelessness of the user. It may be forgetting or leaving the secret keys to access the wallet, transferring to the wrong address, etc.
  • Exchanges: Many people buy Bitcoin through exchanges and then leave it on the exchange. Some exchanges may collapse and you will lose all your money.

Risks when investing in Bitcoin

Is it still worth investing in bitcoin in 2022?

2021

We have just entered the first months of 2021. Bitcoin price has continuously broken its peak and currently stops at nearly 42000 USD.

The cause of part is due to the event Bitcoin Halving In 2020, Bitcoin mining rewards will be halved. According to historical data, after this event, the price of Bitcoin increased dramatically.

Not only that, but Bitcoin is more and more widely accepted. Just a few months ago, there were many big companies participating in the market such as MicroStrategy, Square, Paypal, etc.

The highlight of which is MicroStrategy which purchased over 70.000 BTC worth over $1,8 billion in December 12.

This trend is likely to continue into 2021.

With the macroeconomic situation has many uncertainties such as: governments continuously launch economic stimulus packages, too much money is printed, and interest rates are low near zero. Then Bitcoin is considered as a safe haven. with all investors.

Since Bitcoin is not issued by a central bank, it is not regulated by any government organization.

So even with strong economic fluctuations, the value of Bitcoin will not be affected much.

Many investors also predict that the Bitcoin price can reach $50.000, $100.000, even $200.000.

2022

Late 2021 early 2022 Bitcoin peaked at $69.000.

After a strong money injection in 2021, all investment channels increased gallopingly. In 2022, the US Federal Reserve (FED) will start raising interest rates.

The cycle of monetary tightening going on around the globe mismanages inflation.

Most investment channels are falling and standing still. Bitcoin bottom was established at $17.622 on June 18, 6.

This is a strong decline for Bitcoin in particular and the crypto market in general.

In "danger" there is "opportunity".

This can be a good opportunity for investors to start learning and participating in the market.

However, Bitcoin is a risky investment channel, many people have got rich thanks to Bitcoin, some people have also lost a lot.

So if you intend to invest in Bitcoin, you should research carefully and then make a decision!

Should I invest in Bitcoin virtual currency?
Should you invest in Bitcoin virtual currency?

How much money do you need to invest in Bitcoin?

I thought for sure when I first heard that the price of 1 Bitcoin was about 200 million VND at the time of writing. I'm sure you too Bitcoin investment will need at least a few tens of millions to several hundred million.

However, you only need 2 million VND to be able to buy 0.01 BTC already. So with 2 million VND, you can play bitcoin already.

Although this amount is not much, but when I just joined, I recommend trying only 2-4 million to get used to it first.

How much money do you need to invest in Bitcoin?
How much money do you need to invest in Bitcoin?

Instructions on how to invest in Bitcoin for newbies

1. Learn about Bitcoin

If you don't know, billionaire Warren Buffett won't invest in something he doesn't understand. So you should also understand exactly what Bitcoin is before investing, right?

If you already understand, then skip this step. Here is a detailed article for you to find out in detail.

What is Bitcoin? [The most comprehensive information about BTC virtual currency]

2. Create a Bitcoin Wallet

A Bitcoin wallet is a place where you can store it as well as you can use it to transfer and receive. Therefore, understanding and choosing a wallet is essential.

What is a Bitcoin Wallet (Bitcoin Wallet)? Top 9 most prestigious, safe and best wallets

3. Buy bitcoin and how to buy

If you want to invest in Bitcoin, you must buy bitcoin, right? If you are still struggling, then watch the article now where to buy bitcoins .

4. Reputable exchanges

When investing in Bitcoin, to optimize your portfolio diversification or increase the number of Bitcoins, you must trade on major exchanges to buy and sell Bitcoin, Altcoin.

Some famous exchanges such as:

Blogtienao encourages you to choose Binance exchange. Because it is the largest exchange in the world today and a rich ecosystem of many services for you to choose from.

4 Tips for Investing in Bitcoin

1. New investment should trade small amount

Bitcoin transactions are unlike any other online payment transaction. For example, when you transfer money online via internet banking of Vietcombank.

If you send the wrong account number to someone else, you just need to ask Vietcombank to cancel the transaction.

But not with Bitcoin, you sent it by mistake Bitcoin wallet address someone else's is considered lost and cannot be regained.

So when I first caught Invest in Bitcoins You should trade a small amount as a familiarity first. When you master and understand the process of every transaction, you will be able to trade in large quantities.

Moreover, investing always comes with risks. Therefore, you should not use large amounts to avoid affecting your daily life.

2. Always keep your account and wallet safe

Some of his experiences so you can be safe:

  • Avoid websites that fake your trading floor. Before trading, please check the website address.
  • Do not give account information, private key to strangers
  • Don't access links you don't know what they are
  • If you don't believe you won, the giveaway asks you to send them Bitcoin and then they send it back.
  • Store recovery keys or characters offline to avoid hacking.

3. Do not store Bitcoin for too long on the exchange

In addition to storing Bitcoin through a Bitcoin wallet, many people choose to store it directly on the Bitcoin wallet Crypto exchange.

Usually, each exchange will allow us to create a separate Bitcoin wallet address to store directly on the exchange, for each coin they will provide a wallet for that coin.

This method is only suitable in your time trade coin or surf on that floor only, but for long-term investment, you should use the wallet that I mentioned above.

Because of the virtual currency exchange Whether big or small, hackers are almost always "hunting" to steal customers' coins or the floor goes down, you will lose all the Bitcoins you store on it.

The most recent example of a hacker is the Japanese exchange MtGox that was hacked by hackers who stole more than 750.000 BTC or about $1,5 billion at the current rate of Bitcoin in 2014.

Or just last month Bitcoin exchange Btc-e.com A large, reputable and long-standing exchange got caught up in a money laundering case that led to the floor owner being arrested by the FBI leading to the floor's shutdown.

So far so many houses Bitcoin investment I still don't know where my Bitcoins will go.

Do not store bitcoins on the exchange

4. Regular Bitcoin news updates

News is an extremely important factor for the virtual currency market. It directly affects the price of any virtual currency and Bitcoin Is no exception.

Therefore, you should regularly monitor and update Bitcoin-related news to understand the market situation and make profit-taking decisions at the right time.

Blogtienao.com is the channel Bitcoin News you can follow or you can update at major foreign crypto blog sites like: https://news.bitcoin.com/,  https://cointelegraph.com/ or https://www.coindesk.com/

BTC News

Conclusion

Bitcoin Investment in particular and the whole market electronic money in general is opening up opportunities to make money for anyone who knows how to seize the opportunity.

Bitcoin or Altcoin are all trends of profitable investment in the future instead of Gold or USD.

Currently, this market in Vietnam, although it has gone through many storms and has many knowledgeable people.

However, Cryptocurrency Blog still have to take note again Invest in Bitcoins intelligently and strategically, don't apply"gambling blood“enter this market or you will regret it.

Of course like I said invest or play Bitcoin There is always a risk. You should consider carefully before entering the virtual currency market and invest with an amount that is "within your means" that you can afford, without affecting your family's finances.

If you find the article useful, please Like, share it with more people and give yourself a 5-star rating at the end of the article.

Or have any questions about investing in Bitcoin, Altcoin, please leave a comment below, I will try to answer you as soon as possible. Good luck.

4.6/5 - (78 votes)

248 COMMENTS

  1. Please write an article to introduce some investment fund companies. I am looking for an individual or organization to entrust. Thank you!

  2. Admin, if I lose all my coins, have I ever had a negative coin in my wallet and I have to top up to pay the debt?

  3. Very good and useful article, thank you ad Hen Vai, don't expect to be lucky forever but also look forward to Hen Vai when knowing a new investment channel.

    I want to learn more about penny coins because of the small amount of capital, admin, is there any article about this type of investment on blogtienao? If not, can admin share a few more channels so I can learn more?

    Thank you admin

  4. I want to sign up for an online course on investing in virtual money for newbies. Thanks admin for the introduction! I thank you!

  5. There is a seminar that doesn't let you go to see it and give it to p2p but read too much and you're not sure what's right to experience

COMMENT

Please enter your comment
Please enter your name here

This website uses Akismet to limit spam. Find out how your comments are approved.

Happy
Happyhttps://blogtienao.com/tac-gia/hen-vai/
Hi, I'm Hen Vai, Founder of Blogtienao (BTA), I'm very passionate about community, that's why blogtienao was born in 2017, hope the knowledge on BTA will help you.
- Advertisement -