Bitcoin Spot - Bitfinex

Bitcoin to USD price on Bitfinex | dc-charts.com

Bitcoin

Cryptocurrency is making its mark in almost every leading industry today, and it is here to stay!



What exactly is Bitcoin?
Bitcoin is a new form of money: revolutionary, decentralized, neutral and voluntary. To put it simply: bitcoins are digital money and you can use them just like you would with Euro's or Dollars. You can buy goods with them, exchange them, receive them in exchange for a service, speculate with them or exchange them for Euro. And those are just a few of the almost countless applications.


Bitcoin is what they call a " cryptcocurrency ". It is a digital decentralized currency whose price fluctuates on the open market. Bitcoins are traded for traditional currencies such as the euro on special trade exchanges, or can be used for value transfer or make payments. The bitcoin can be compared to the euro or the dollar, but differs in a few important areas. Unlike traditional currencies, bitcoins are completely digital, so there are no physical coins. The blockchain contains all transactions with associated dates, times and also the owners.

Bitcoin here as the #1 alternative to Bitcoin because there are no true alternatives.  Bitcoin was the first true digital currency and that makes its value almost immeasurable.  Although there are plenty of other digital currencies and “coins” out there touting better privacy, faster transaction time, or newer hashing algorithms.  Sometimes the best is always the oldest, the first to market.  Bitcoins one downside is that it has already gained huge amounts of popularity and could be over priced.  In the end it’s up to you to decide where you’d want to invest your money.  All of the coins and digital currencies above are risky as they are only as valuable as how popular they are.  With that said, there is still money to be made in this new industry of digital currencies.

My personal strategy:


  • Invest monthly in a variety of ICO's and aternative coins, as I find this to be a perfect way to make some kind of saving plan work. The excitement of seeing a small monthly investment gain traction has transformed the way I viewed saving and I can assure you, it is quite liberating to be saving money for the first time in my life on a monthly basis. The growth that I experienced, is just a bonus.
  • Buy and hold, without caring about day-to-day (or even month-month) fluctuations
  • Buy and hold a core position and add on the major dips; a very powerful strategy.
  • Buy a certain amount every week or month, and even-out your entry price, without the hassle of constantly timing the market.
  • Try to buy in major turning points to reduce and “re-boost” my position.


The Interim Corrections of Bitcoin Does Not Scare The Optimist. It was called a Bubble and Pyramid scheme in 2014 when it was just a few hundred dollars worth. 

To this day, the bubble grows, and cools down, inflates and cools down. Just like any other currency e.g. the Rand(ZAR).  



There Will Be "Mass Adoption" And Education Of The People. Starting Off At A Mere 8 cents, Bitcoin Has Risen To Current  $8,000. Shareholders Of The Initial Bitcoin Offering Have Gained An Explosive Return On Their Initial Investment In Less Than 5 Years. This Paved The Way For Early Adopters To Make Very Good Returns At A Fraction Of - Let's Say The Share Price Of A Stock On The Stock Market. And The Benefits Far Outways The Traditional Way We Invested In Shares.


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* Should you require assistance in opening a wallet for your purchase, I can recommend one for you.
* Should you require some reading material that explains digital currency technologies, I will gladly direct you to the best possible resources out there. It's a tough world out there and I will do my utmost to assist you in avoiding the pitfalls of this trade.

Some Tips:

* Mining to get Bitcoin or any other currency is not a profitable exercise and you will spend endless hours on the web trying to get digital currency for "FREE" with little or no satisfaction.
* The price on Google is not the current spot price for the currency you are buying.There isn't any single“ACTUAL” price for lets say...Bitcoin that justifies what Bitcoin is worth
* Opening international accounts has advantages, but cross border transactions have costs too, which by the way is not only dependant on the Rand Dollar exchange rate you are seeing in Google.
* Make sure you ALWAYS activate Google 2-Step Verification on any exchange.
* What you are buying here is a digital crypto currency token or part thereof, to the Token value as indicated in the Description Column. The price you pay in South African Rands are also NOT the value of the virtual coin, as this is not fixed for even a second of any given day.


Prices are subject to change on short notice due to the high volatility and demand for crypto currency, and I reserve the right to cancel a sale should there be a significant amount of time difference from ordering and payment of such order.

Disclaimer
Please be advised that we are not a financial institution and we are publishing trading ideas and speculative information. Any investments in any form of financial product is done completely at the reader's own risk and we cannot be held liable for any financial decisions taken by our readers. As with all high-return investments, buying cryptocurrency is risky, and ICOs are riskier still. All data and information is provided “as is” for personal informational purposes only, and is not intended for trading purposes or advice. Please consult your broker or financial representative to verify pricing before executing any trade. As with all active investments in general, it is wise to never commit more money than you can afford to lose.



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