Who does not know the famous cryptocurrency whose value climbs constantly? Created in 2009, the first Bitcoin was worth in October of the same year 0.00071 €. At the time I write his lines, a Bitcoin worth € 8,339.17. If you had invested 20 € in the creation of Bitcoin, today you would have on your account no less than 234 906 197,18 €. In just 8 years, without doing anything and for an investment equivalent to a meal in the restaurant, you would have become a millionaire. And that’s what happened to many investors who believed in this currency from the start.
7,500 lost bitcoins
The story of James Howells, an American, is both exceptional and tragic. In 2009, he mined (for more details, see below) 7,500 Bitcoins through his laptop. At the time, a Bitcoin was worthless. A few months later, he gets rid of his computer, forgetting his Bitcoins and ignoring their value. He learns from the media that the price of Bitcoin has exploded. The cumulative value he has lost is nearly $ 600,000. He then seeks to recover his computer to the landfill, without success. Today, James Howells would own nearly $ 75 million.
How to win Bitcoins?
I will not pretend to be an expert in cryptocurrency, nor am I a trader, but I have done some research and I have been interested in this for some time. First of all, here is a link that will allow you to win € 8 Bitcoins for free. Just create a free account on Coinbase and buy (or sell) for at least 100 € of Bitcoins. It’s a sponsorship, simply. A welcome offer for you and a reward for me (who will win like you 8 € in Bitcoins), to let you know the site. To take advantage of this offer, click here. You can also click, even if you do not intend to invest in Bitcoin, to simply create a Bitcoins wallet entirely for free. So you can benefit from the offer in the future if you decide one day to buy Bitcoins.
Earn Bitcoins by selling products and services
The most classic way to earn Bitcoins is simply to accept this currency as payment for your products or services. If initially, this currency was mainly used on the Dark Net for products is illegal services, more and more companies in the world accept it for the payment of their products and services. And if it’s not the case yet, there may come a time when we can pay our Bitcoin bread and strawberry syrup from our cell phone (actually, it can already be done).
Winning bitcoins by undermining
The mining of Bitcoin was extremely profitable in its early days, as we saw above, but this is not the case anymore. Miner bitcoins is, basically, put the power of his computer in the service of a software to calculate encryption chains related to Bitcoin transactions. The more time passes and the more complex the calculations are and take time to be solved. Therefore today it takes a huge computing power to make a living with mining. It is necessary to have a specific material which the common people does not have. Even the gamers with the most powerful machines will not do well. It will cost them more in power consumption than it will earn them in mined Bitcoin.
Earn Bitcoins for Free!
There are many sites that offer you Satoshis to see ads every 5 or 10 minutes for example. 1 Satoshi (named after the inventor of Bitcoin) is 0.00000001 BTC. At each ad seen, you can earn from a few dozen to a few hundred Satoshis. By multiplying the advertisements seen, the sites used (called faucets, or taps at Bitcoins) and relying on additional affiliate revenue for these sites, you can earn several thousand Satoshis every day. Moon Bitcoin is one of the oldest site of its kind and one of the best. I recommend you start with this one.
This can allow you to start with crytpto-currencies before going further. You will need patience to pocket small amounts, but it will also allow you to play with Bitcoins without any risk and no investment on your part.
Although it is not the traditional stock market, like any other currency, you can buy and sell Bitcoins at any time by betting on rising and falling prices. Bitcoin is free of charge for private transactions, but if you go through a specialized platform, you will have variable fees. To make money with this method, one must either invest large sums to be able to generate enough profit in a short time in case of a slight rise in the price, or to invest in the longer term and count on a rise constant.
Some think that the bubble in which we find ourselves in 2017 will burst and see the price of Bitcoin fall around what it was at the beginning of the year, about 1000 €. Some think instead that it is not a bubble and that the value of Bitcoin will increase considerably, to reach why not values of the order of 50 000 € or 100 000 € in the years and decades to come up. Of course, one of the two interpretations is probably true, but we still do not know which one.
Investing in Bitcoins must therefore be done with reason. The rule of thumb is this: invest only what you are willing to lose!
However, many agree that the course will only increase gradually over time. It is undoubtedly prudent to diversify your investment portfolio. For example, you can buy some cryptocurrency and a little gold. Besides, I will have a tendency to consider Bitcoin as gold, that is to say, a fairly safe investment, in the long run. Although the history of Bitcoin is quite short, we have seen a steady rise in its price since 2009.
Bitcoin was also considered a safe haven by Cypriots when banks closed during the crisis. Many people have bought Bitcoins in the hope of saving some of their wealth, thus preventing their accounts from being plundered to bail out troubled banks.
Your wallet of Bitcoins
Above all, you will need a wallet, a kind of bank account to store Bitcoins. There are several. I use for my part Coinbase. You can create your portfolio for free on this site in seconds. Then you can stock it with your regular bank account or your credit card, whatever your currency and country. You can also stock it with the revenue from the falcons that I also presented above.
Bitcoin, the first cryto-currency and the technology that made it possible, will be part of our daily lives in the future. It seems to me essential to know at least the existence, if not the principle, even to hold a certain amount.