BITCOINS 1O1

Hello Everyone!

PRE-NOTE: If you decide to buy BTC ,Please Read no.5 for sure.

So being unemployed you have to find passive ways of income, because lets face it, u need money even if you want to eat something out.
So exploring internet gives you many options but those options are mere hints.
You actually find stuff that really pays you off is when you get inside social media based groups where people really practice passive income generation.

Okay so Crypto-Currency is a the most trending thing these days, and as it seems ,people who invested in BTC especially in the initial years that is 2011-12-13 made huge profits, and that's not just couple of thousand dollars, nope i mean huge amount of thousands of dollars. So naturally the news went viral and everybody just wanted to become a millionaire as the desire comes naturally to us humans.

Now when i found about this huge surge in the BTC-USD rate i so wanted to earn some extra bucks , so without even having any more knowledge than "BTC is an crypto currency" I invested few bucks in it 100$ to be exact, with in a week i made 20$ profit on it.

Lets start understanding BTC and how you can earn few extra bucks by investing in it in the coming months.

For the people who have absolute no idea about crypto currencies keep reading below:
1: Like your virtual life is multiple social media profiles but that virtual life has impact on real life,similarly BTC is an virtual currency which holds value is US Dollars. By the way today its value is = 2361.03 US Dollar

2: BTC value is depended on its demand and supply ratio. Simply , more the demand more the value. Off course there are ,many other variables but we don't need to go that deep.

3:There are plenty other coins if you wanna get into that you can google "TOP 10 Crypto Coins" and you shall have your results.

4:"Where to buy?" (https://www.bitcoin.com/buy-bitcoin?country=US) there are plenty of exchanges where you can buy bitcoins.
Also there application wallets too for this.

5:"When should i invest ?" well this is why i making this post. There is something called HARD-FORK coming in the first week of August , if you wanna know what that is , google. But why is it important, because of it the price of BTC is dropping immensely
,in last few days it has dropped from 2900 USD to 2300 USD and it may or may not go more down.

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The right time for you to buy btc depends entirely on you ,in equity markets If you try the market and wait for the most bottom price , you're going to wait forever. Its same with the Crypto Market.

This is not a buy call on any currency at current prices but understand the logic. If you've 100 bucks and you must invest in crypto, start putting it in batches of 10$ each and keep averaging it. This is better than trying to identify the bottom and spending the entire fund in one shot. Also, don't expect to make money when all you're doing is asking people when to buy/ sell. It's your money, use your mind.

Just remember guys… Bitcoin went from $31 to $2 in late 2011, $266 to $100 in mid-2013, $1,242 to $600 in late 2013, $900 to $550 in early 2014, $600 to $200 in 2015, and $1100 to $750 in early 2017 to get to as high as $2931.1 on 4th of june this year.

6: I suggest you read the btc value for like 3 days if you wanna invest in one shot, see for yourself that when is the price gradually increasing and when you feel the time is right invest. You can use poloniex.com(also for exchanging btc with other coins) for this.

7:Also according to experts BTC is suppose to hit 3000 USD in coming year and reach eventually 10000 USD. So if you want to take a chance invest and forget about it like few years and then see where your luck takes you.

8: There are many other things related to Crypto-Currencies but i've covered mostly the things which was necessary for you guys to make profits.

9:Any other questions will entertained in the comments.

NOTE: I'm not responsible for your actions. This is purely for knowledge purposes.

-Aman(JoblessEngineer)

Image source :Bitcoinmagazine.com