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Get Educated Before Investing in Crypto Currency.

Hiiii , everybody? I am Tushar. Welcome to my blog. So cryptocurrency doesn't look like it's going away anytime soon.

 It it doesn't look like it would go without a fight either. You might remember when Jamie dimon the CEO of JPMorgan Chase Bank made a statement saying that Bitcoin is a fraud and that is eventually gonna blow up and anybody ,who invest their money in Bitcoin is stupid. This got a lot of people Angry, but I thought this was hilarious because right after Jamie dimon said this his daughter sent him an email saying hi Daddy. I actually own Bitcoin and I made money on it.πŸ€“πŸ€“πŸ€“πŸ€“

    


 That's a little awkward. I mean, could you imagine the next family dinner I can imagine Jamie is saying something like sweetie. Could you please pass me the salt and then she accidentally gives him the pepper I could imagine him just like giving her this look and then make it a statement to the whole world saying if you could view salt. For pepper, you're stupid and right around the same time than Jamie made the statement China made an announcement that they're going to try to ban Bitcoin .

Bitcoin tumbling down to about 3500 dollars a coin .  now just about a month and a half later Bitcoin shot up to over seventy three hundred dollars a coin this past weekend more than doubling people's money and just a few weeks. That is crazy. I mean the average.

  


As Market return to something like 10% a year it to think that people more than doubled their money and cryptocurrency and just a few weeks. Wow. That is insane. If you're unfamiliar with what cryptocurrency Bitcoin is. I'll  like to read my blog on "what is Crypto currency?" . You need to know about Bitcoin before you invest your money in it. And as always you are never guaranteed to make money when you invest might even lose money when you invest so you should always speak to a professional in your area. Via you understand all the local laws and regulations and risks that govern investing first. 


This one is more of just general investing advice. It doesn't just apply to bitcoin. But please please please don't invest On Emotion invest on financials. I think the most common argument I hear as to why people should invest in Bitcoin today is because if you invested $100 in Bitcoin in 2010, it would be worth more than like two hundred million dollars today. So you don't want to miss out on this opportunity while that's absolutely 


 Not that has already happened. We can't go back in time. It's an emotional argument. It's not a financial argument the past performance of something does not predict its future performance. So just remember that you buy Bitcoin today and not back in 2010. Nobody can predict if Bitcoin is going to the Moon orbits gonna come back crashing to Earth and because Bitcoin and cryptocurrency is so new. 


It's very volatile media can go up very quickly. Like we just saw and it can Um down just as quickly second know what you're buying Bitcoin is a type of cryptocurrency meaning it's the decentralized worldwide digital currency. That means Bitcoin is not controlled or regulated by the government. It's not controlled or regulated by private entities like the Federal Reserve and it's not controlled or regulated that big Banks. This is great news for some people because that means that these entities cannot manipulate the value of Bitcoin like they can our Fiat money by just putting more of it, but this is


So bad news for other people because these entities are not going to want to lose the power so you can imagine that they're gonna do what they can to block the use of Bitcoin like we've seen happen in different countries. And


 Bitcoin is a peer-to-peer Network. We needed the owners and the users. The Bitcoin are the ones that are monitoring it and this peer-to-peer system. It's pretty new the problem with using Bitcoin as a currency is that a lot of places don't accept Bitcoin yet, but many people are excited because just a few Few days ago Amazon fought three internet domains related to cryptocurrency. So what does that mean? Exactly? Well only time will tell but an Amazon ever started to use Bitcoin in the future as a means of payment that would definitely change the game for cryptocurrency. You should also be aware of how Bitcoin is valued. The price of Bitcoin is based on what somebody else is willing to pay for it. It goes back to supply and demand on one hand as more and more people hear about Bitcoin with all of this International publicity. You have this huge.

Books the buyers making the demand for Bitcoin go up.  The way Bitcoin was originally created. You could only have 21 million Bitcoins in existence. Once those 21 million Bitcoins are created or mind, which is a technical term. You cannot create any more Bitcoins. So if the demand for something goes up when you only have a limited supply of it the Ice will naturally rise. 


Third. You have to know how to buy Bitcoin if you decide to buy or invest in Bitcoin, you have to use a crypto currency exchange that allows you to buy and sell Bitcoin because most regular exchanges don't allow you to do that different countries have different regulations and we've seen China and more recently Vietnam try to ban certain exchanges. So you need to know what's allowed in your area The Exchange that I'm most familiar with is called wazirx, binance, coindcx , coinbase. It's super simple to use and is one of the most popular exchanges out. All you have to do is find your account and an end to it how much Bitcoin you want to buy and you're done .and if you invest $100 in Bitcoin using our Link in the caption below coinbase will give you ten dollars worth of bitcoin for free just for investing $100. So if you're interested in that, I'll put t links at ending of this blog. I know that Bitcoin has gone up from point zero zero three cents to over seven thousand dollars a coin. But remember what I said before the past performance of something does not predict its future performance. 

If you made a profit that you're happy with it's okay to take the profit and fell I know a lot of times people might be thinking something like, oh man. I don't know if I should tell her right now. I mean what if Bitcoin jumps up to twenty thousand dollars a coin? I'm gonna miss out on so much.

Money, well, if that's what you're worried about then you can sew in faces this way if Bitcoin does go down you've already sold some of your shares you've already captured some of your profits and if we think it's a good buying opportunity now, you can go in and buy during the step and if Bitcoin does end up going higher, you've already captured some of your profits and you can still benefit from the continued game. Look I can't predict the future and neither can anybody else in the world? So don't believe somebody that tells you otherwise, but I want to leave you. With one point before you go historically in any asset class. 

The people that have been burned the most were the ones who believed that nothing could go wrong. So what do you think is the future of Bitcoin and should people be buying Bitcoin? Let me know in the comments below the blog.  

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Link of exchage to buy Bitcoin-

binance -πŸ‘ˆπŸ‘ˆπŸ‘ˆπŸ‘ˆclick here

coindcx -πŸ‘ˆπŸ‘ˆπŸ‘ˆπŸ‘ˆ click here

wazirx - πŸ‘ˆπŸ‘ˆπŸ‘ˆπŸ‘ˆclick here

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Blog by Tushar

Follow on Twitter- tushar_desale

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