The right time to invest in cryptocurrency is 2018. Are you thinking to investing into Bitcoin, but do you still have doubts? As a newbie, it is normal to have a lot of questions and to think that it is too late to start investing. After the drop of the price of Bitcoin, the people are skeptic about investing. They think that Bitcoin is no more profitable after it hit $19,000 in December last year. Most of analysts think that it is impossible for Bitcoin to reach again a big price, but now is the right moment to jump in the ship.
The Right Time to Learn The Basics
Every person who has the wish to invest, should learn as much as possible about Bitcoin. Bitcoin is now used as a method of payment in different areas as a digital cash. It works different from fiat and let’s imagine a network where all the people can see the messages. The main feature of digital cash is that they can be found in blockchain and every transaction can be verified.
The most important thing that you have to know about investing in Bitcoin is that is a little different from investing in stock market. Hot it is the simple? You transform your fiat into a digital currency and you receive that currency.
Is Scaling Really A Problem?
The scaling problem is one of the most important factors. Even if Bitcoin has a large popularity, the people are still wondering if Bitcoin will become a global currency. Powerful computers mine Bitcoin and the more people that use Bitcoin, the most energy is used. That’s the reason why Bitcoin often trades slow and expensive.
Still, it is a good idea to think that digital currencies have a bright future. More and more industries begun to use Bitcoin as a method of payment and to accept everyday transactions with cryptocurrencies. Turning fiat into Bitcoin has never been easier until now.
The main focus should be how to make profit from investing Bitcoin, not if it is a bubble or not. The volatility of Bitcoin should not represent a risk, on the opposite.
You should start with the idea to support in general the cryptocurrencies, not only to increase your investment. It is a good moment to invest in Bitcoin, even if it is far from all-time high price of Bitcoin. Just to be sure you are well informed in the moment when you start to invest.