Tag: How to invest in bitcoin (Page 1 of 2)

Cathie Wood Says Bitcoin Will Hit $1 Million

Crypto News Today - Cathie Wood predicts Bitcoin to $1 million by 2030.
Crypto News Today – Cathie Wood predicts Bitcoin to $1 million by 2030.

Ark Investment’s Cathie Wood says Bitcoin ($BTC) will hit $1 million by the year 2030.

Cryptocurrency had a rocky 2022 but Cathie Wood say it was primarily due to centralized institutions.

“Last year was a terrible year for everything crypto, but if you think about what happened, it was the centralized opaque players who went bankrupt. FTX, Celsius, 3-Hours Capital, and what did we see from Bitcoin? Bitcoin is completely decentralized and transparent. It started because of 08′-09′, the lack of transparency in the traditional financial services ecosystem.

“This is a rules based digital monetary system and its global. And there’s no human intervention. It’s very disciplined, it’s mathematically metered to top out at 21 million units.”

“We’re seeing riots and protests all over the place. Where do these people go for an insurance policy against an implosion in their purchasing power and wealth. It is in something like Bitcoin. Bitcoin is an insurance policy,” said Cathie Wood.

Related: How to Invest in Bitcoin Cryptocurrency for Beginners

How Much Was Bitcoin Worth in The Beginning?

Bitcoin price started trading at approximately $0.08 per coin back in July of 2010 but was worth even less during inception.

CNBC asked Chamath, an early Facebook investor and venture capitalist, how high he thinks Bitcoin will continue to soar.

“Where is it going? It’s probably going to 100, then 150, then 200 thousand”.

Chamath was one of the first people to invest in Bitcoin a decade ago.

Do you believe Bitcoin will reach $1 million per coin?

Do you own it?

Leave your thoughts below.

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Market News Today - Cathie Wood predicts Bitcoin to $1 million by 2030.
Market News Today – Cathie Wood predicts Bitcoin to $1 million by 2030.

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How Much Bitcoin Should You Buy: Factors to Consider in 2023

how much bitcoin should you buy
Educational: How much Bitcoin should you buy?

Introduction

Bitcoin has been the bread and butter of the Cryptocurrency world for quite some time.

Even if people cannot get into other Cryptocurrencies like Ether or Dogecoin, Bitcoin will still remain the king.

Many call it an achievement once they start trading through Bitcoin.

Therefore, it is understandable that there are novice investors who are still asking this question, “How much Bitcoin should I Buy.”

Afterall among all the Cryptocurrencies out there, Bitcoin is the most volatile one.

Probably because of its hot & cold reputation.

At one point, it is high in demand, and the next day everyone is against Bitcoin, and the prices seem to fall drastically.

We are here to rescue you from evergreen curiosity.

Once you read this article, you should understand the amount you should be investing and the other factors to keep in mind when investing.

How Much Should You Invest?

how much bitcoin should I buy

Let’s pull over some percentage here, shall we?

When it comes to your first-time investment, then you should always have a total investment amount set with you.

Without this, you can start treating this as a gamble when you get a taste of big profits.

Once you have this investment amount set aside, it is time to place only 10% of that amount in your first investment.

Some might even prefer a total of $100 investment in your first year and begin with a mere $10.

Do not invest it all at once and have a scheduled time for investing.

For example, the first investment, and then after every three months.

This will essentially prevent you from giving in to tempting offers with nothing to base them upon.

Related: How to Invest in Bitcoin Cryptocurrency for Beginners

Other Factors to Keep in Mind

Here are the other factors which you should keep in mind while investing in Bitcoin for the first time.

1. Do Not Give Into FOMO

FOMO is the Fear Of Missing Out.

This is when a novice investor gets too excited about any new investment.

Especially if they see their fellow pals earning major profits; however, you should remember that not every piece of knowledge is the same.

When you find someone earning thousands from one move, there is a lot you need to factor in.

How many years have they been investing, was any calculation involved in this move, or was it plain luck?

No matter what you do, do not blindly believe in someone.

Sometimes when you get a higher profit from one investment, it is easier to get blinded by temptation.

This is why a set amount of investment rules is perfect to start with.

2. Strategize Loss Tolerance

If you are not strategizing your loss, you can never learn from them.

The very first rule of Cryptocurrency is always invest the amount you can lose.

This is known as “loss tolerance,” i.e., how much loss you can tolerate.

If the loss is too much, neither will you be able to learn from it nor have the confidence to invest again for a very long time.

So, before investing, understand the amount you will be okay with losing, and then start investing through profit-maximizerapp.com.

This is a smart move upon anticipating that you will be losing your very first investment, and you are doing so to educate yourself.

What About Minimum Investment?

Upon reading the last point, many might think of investing very little in their first investment in Bitcoin.

Some might even think about investing as little as $2.

But we, along with experts, would suggest otherwise.

No matter the platform you choose for investing, there are fees attached to trading and Crypto investment.

Upon trading with a meager amount, you will end up paying more fees than your investment.

Another crucial suggestion would be not to put all your eggs in one basket.

Cryptocurrency losses are inevitable, so divide your capital and invest in different digital coins.

In this way, you will have another to fall into in the event of a big loss for one.


How To Invest In Bitcoin Cryptocurrency For Beginners

How to invest in Bitcoin and other crypto

Bitcoin has revolutionized the way we think about money and how we invest it. Kevin O’ Leary himself thinks Bitcoin will beat the S&P500, which earns on average 7-10% annually by an additional 4%.

I frequently get asked what I think about Bitcoin. In all honesty this could be a great place to park some of your money for the remaining of the decade. And I’ll explain why later but first lets go over how to invest in Bitcoin.

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Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Lets get started!

Is Bitcoin the future?

Let’s face it, anything digital is the future.

The way I look at Bitcoin is that it is gold in digital form.

Why?

Because there’s a limited amount of it and there’s a huge demand for it.

I don’t necessarily view Bitcoin as a means of currency to be used for transacting in the markets.

Bitcoin to me is a means of multiplying your money like any other investment.

The difference with Bitcoin however is that nothing has quite grown like it.

This is what makes this investment, or trade so attractive.

Will Bitcoin go back up?

BTC is showing major signs of a recovery.

Investors should not worry about the selloffs that recently took place.

Hedge funds and other institutions shorting companies at the moment are in hot waters and are in desperate need of capital.

View this market dip as an opportunity to buy at a discount.

The crypto market is undergoing a correction and will reach new levels growth with each passing day.

BTC is recovering quite well.

All the markets are volatile at the moment, long-term investing takes time.

Where can I buy Bitcoin?

Alright community, this is why you’re here.

Before you begin your very first investment in BTC you’ll need to open a brokerage account with a cryptocurrency investment platform.

I personally use Coinbase.

how to buy bitcoin
How to buy Bitcoin

Coinbase allows me to buy Bitcoin and other cryptocurrencies at ease straight from my laptop or from my phone.

When you purchase Bitcoin with Coinbase, you’ll be able to see the stats and charts wherever you go.

In fact, Coinbase makes it easy to purchase BTC and other crypto.

Before, you would have to transfer money through an ACH transfer which would take days.

Now, you can easily connect your bank account and make purchases instantly.

This convenience makes Coinbase one of the best platforms to use for crypto trading.

Aside from this, the layout is extremely easy to navigate.

how to buy crypto
how to buy crypto

Some of the most popular banks you can link to immediately include:

  • Chase
  • Wells Fargo
  • TD Bank
  • Bank of America
  • and PNC Bank

Online banking payments are secured and you also have the option to choose from 1,000 other banks if you don’t use the most common ones.

Other popular banks include Ally, Capital One, U.S. Bank, and BMO Harris just to name a few.

This list is huge which means it should be no problem finding your personal bank to start now.

Begin by creating your account first

Creating your account with Coinbase is very self explanatory.

Follow the steps and input all of your information to get started.

This part of the process is as simple as opening a bank account for example.

If you have a brokerage account for stocks, then you’ll find it’s almost an identical process.

how to buy bitcoin
how to buy crypto

Congratulations!

You’ve now created your account to buy Bitcoin.

Purchasing it is just as simple if not easier than creating your account.

All you simply have to do is navigate your cursor to the top of the web page where it details ‘Buy/Sell‘.

how to buy crypto
How to buy crypto | how to purchase crypto.

Here you’ll be able to input the amount of money you will be investing in for Bitcoin or any other cryptocurrency using the drop down menu.

It’s that simple.

Can you buy a fraction of Bitcoin?

Absolutely! You can put $100 or $10,000 into BTC and your purchase will execute in the form of fractions.

Your investment will then go up as the market value for BTC continues to surge.

Unlike most stock market brokerage accounts, you can buy fractions of all type of crypto with Coinbase.

This is extremely convenient for the average retail investor.

When you buy Bitcoin you’re going to see the balance available in the form of decimal fractions.

My very first investment in BTC was $100; this translated to 0.00174 BTC.

Your fraction count will increase as you buy more of that investment.

Is it too late to buy Bitcoin?

Contrary to what most novice investors might believe, it is not too late to buy BTC crypto.

Yes BTC was once a few bucks but just because it’s worth what it is today does not mean it’s too late to invest in it.

Trajectories show BTC is well on its way to new records.

And although there has been a huge market selloff earlier this year, Bitcoin is moving up again.

You can now buy more fractions of a Bitcoin today than you could prior to this liquidation.

And I’m personally taking advantage of it.

How high can Bitcoin go?

Experts and analysts believe BTC will continue to surge well into the 100k range during this decade.

Andrei Jikh even believes BTC could reach $500,000.

Can BTC reach $500,000?

I don’t doubt BTC will continue to surge and reach well beyond 6-figures.

With this dip in the market, now is the perfect time to buy at discount.

Don’t ask me how much you should invest in Bitcoin though.

This will vary from investor to investor.

All I know is that the opportunity to multiply your money with crypto is there.

If you’ve made profit from Doge, I would allocate these gains into BTC in case you’re thinking of investing in this crypto.

Remember, unlike Doge which is inflationary, BTC is deflationary.

Meaning it has no ceiling as to how high it can go.

But that’s not all.

Chamath, who predicted Bitcoin’s current price point since inception, is confident this cryptocurrency will continue surging well above $100k.

Chamath was an early investor of Bitcoin and Facebook.

This venture capitalist predicted Bitcoin would be worth well over $10k when the price was only a few dollars.

Can I buy other cryptocurrencies with Coinbase?

Yes, you can buy a variety of cryptocurrencies with Coinbase.

Other popular cryptocurrencies include:

  1. Ethereum
  2. Tether
  3. Binance Coin
  4. Terra
  5. Cardano
  6. Solana
  7. Dogecoin
  8. Shiba Inu Coin

When investing long-term in crypto, it is best to strategize your success by diversifying in a few cryptocurrencies first.

Does Bitcoin have real-world value?

Yes, Bitcoin makes it possible to transact money online securely using blockchain technology.

Bitcoin was the first level of blockchain technology, Ethereum the second, and Cardano the third.

Here’s a more through explanation on how Bitcoin works.

How does Bitcoin work? How to purchase crypto.

Most investors are buying Bitcoin as an asset though.

The value of Bitcoin is projected to get relatively high.

Your investment today has a high probability of doubling if not quadrupling this decade.

At least that’s what bulls believe.

But see, cryptocurrency doesn’t seem like it’s leaving.

It’s here to stay and many people are getting in on the crypto asset before it truly is too late.

And lastly…

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It helps us reach more like-minded individuals looking to improve their lives by learning to invest and how to buy crypto.

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Crypto is Collapsing: Should You Take Your Money Out?

Market News | Crypto News: Should You Take Your Money out of Crypto?
Market News | Crypto News: Should You Take Your Money out of Crypto?

Crypto is collapsing and it’s been a very tough year for cryptocurrency holders as exchanges face the possibility of bankruptcy.

BlockFi is preparing for potential bankruptcy after halting withdrawals of customer deposits and acknowledging it has significant exposure to the now bankrupt exchange FTX, per the WSJ.

BlockFi paused withdrawals and limited activity on its platform last week, saying it couldn’t operate business as usual given the uncertainty surrounding FTX.

The exchange is now planning to lay off workers as the troubled firm prepares for a possible chapter 11 bankruptcy, said people familiar with the matter.

The Coinbase Pro cryptocurrency platform is also shutting down for good, per NerdWallet.

And a Hong Kong-based AAX crypto exchange is suspending all of its operations, per Watcher. Guru.

Crypto has had its ups and downs, but what’s occurring today seems like it’s going to have a longer effect on investors.

Should investors take their money out of crypto now?

Let’s discuss it.

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Bitcoin Magazine Warns Investors

Should you sell your crypto? Should you sell bitcoin?
Should you sell your crypto? Should you sell Bitcoin?

Just $3.7 billion Bitcoin were taken off exchanges last week per Bloomberg.

Bitcoin had fallen below $16K and is now trading just below $17K.

Now venture capitalists who invested in FTX are considering suing Sam Bankman-Fried for alleged fraud.

Confidence in the crypto space has fallen amidst the collapse of these exchanges.

The worst part is the number of investors who have been caught up in this mess.

According to the Washington Examiner, celebrities such as Tom Brady have lost most if not all of their investment in FTX.

Other athletes include Stephen Curry who had also signed previous agreements with FTX to promote the company.

Now Bitcoin Magazine and Unusual Whales are saying to get your money out of Bitcoin and crypto exchanges, signaling that matters could get worse before they get better.

Related: How to Invest in Cryptocurrency for Beginners

Will Crypto Go Back Up?

why is crypto collapsing? Will Crypto go back up?
Why is Crypto collapsing? Will Crypto go back up?

The current crypto crash we’re seeing today has been the result of centralized financial errors, according to CoinDesk.

“The meltdown of Sam Bankman-Fried’s crypto trading empire could not, and would not, have happened to a decentralized and transparent protocol”, says the Amanda Cassatt.

JP Morgan has also identified centralized players as the root cause of recent crypto collapses.

Will cryptocurrencies go back up?

With time and with investor confidence, the crypto market will eventually recuperate.

Should investors take their money out today?

This is going to depend on the individual’s need for liquidity.

With an economy that is currently fighting inflation, and unemployment rates rising, having capital at hand might just prove to be useful as today’s uncertainty only becomes more uncertain.

But I’d love to hear your thoughts on this.

Let’s start a discussion, leave your thoughts below.

You can follow me on: Twitter | Instagram

Related: List of 4 Best Crypto Exchanges for Beginners


What is the difference between Bitcoin and Ripple?

Bitcoin VS Ripple
Bitcoin vs Ripple – Difference between Bitcoin and Ripple (XRP)

Published by FrankNez team.

Before diving deep into the possible differences between Bitcoin and Ripple, we want to make sure that you get familiar with the concept of cryptocurrencies.

A cryptocurrency is a digital currency asset that works on a decentralized transaction model most of the time.

Today, the concept of crypto-based assets is skyrocketing, giving a solid hint that this is the future of global transactions.

Ripple: A brief note

Ripple

The whole concept behind the launch of Ripple and its current working model is quite different from the rest of such platforms and units.

The main goal of Ripple is to improve the current banking channels.

This is done by unifying and streamlining them under the Ripple umbrella.

To promote this concept, Ripple also launched its very own crypto coin, the XRP.

According to global statistics, XRP is easily included in one of the top crypto assets and coins.

This is because of the fast transaction model of the XRP and the already financial streamlining dynamics of the Ripple platform.

Bitcoin: A brief note

Bitcoin

You don’t need to be a crypto enthusiast to be aware of Bitcoin.

The hype for cryptocurrencies started back when Bitcoin hit some solid figures.

That’s when most experts started to believe that digital assets and currencies are the future.

Bitcoin is a completely decentralized currency.

In other words, there is no bank or a certain administrator that controls Bitcoin.

The user is the main authority within Bitcoin-based transactions.

You can send bitcoin to any user around the globe in an instant without any facilitating party in between.

You can buy Bitcoin in Dubai without any hassle.

It’s safe and secure through local exchanges as the currency adaption is being widespread.

Ripple vs. Bitcoin: The best option

Regarding usability and global access models, both Bitcoin and XRP are different.

Bitcoin is decentralized, with the main focus on the user transaction models. If we take a look at the transaction timeline of Bitcoin alone, it takes several minutes the processing.

On the other hand, XRP is a crypto coin of the Ripple platform.

Being a sole transaction facilitating platform, you can process a transaction through the Ripple channel in seconds.

This also includes large-scale transactions, which usually require days to process through regular banking channels.

What does the future hold?

The future of crypto-based models is very bright, and all the experts have a consensus on this.

Countries like UAE showing interest in the domain and opening their doors for trading is a clear symbol.

But the future is quite specific based on the models of Bitcoin and Ripple.

Bitcoin is a cryptocurrency.

It will always remain in the limelight for its huge market cap and fascinating story of being the crypto coin that started the era of crypto.

On the other hand, Ripple is more goal-oriented.

The platform is progressing to increase the TPS rates even for large-scale transactions.

Making the right investment

The investment you will be making depends upon you.

One is a cryptocurrency, and the other is a blockchain-based financial transactions model.

Whichever suits you to invest in will be the best one in your interest in the long term.

But before investing, there are two factors you need to keep in mind—first, the possible market cap of the digital assets.

And second, the plans that are outlined for the asset.

If you are clear in these two domains regarding a specific asset, you are good to go and invest in it.

Final Note

Bitcoin changed the world, and Ripple is changing the world.

We think that’s the best way of describing the always ongoing comparison of Bitcoin and Ripple.

Read: List of 4 best crypto exchanges for beginners

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