5 legit ways of investing in Bitcoins

The subject of bitcoin is a very broad topic. As a follow up to my previous article on the 5 profitable businesses in 2017, bitcoins was 3rd on the list and it attracted many comments with many people asking about how to invest bitcoins on legit platforms. This article will show you how thousands of people are making good profits by  investing in bitcoins. You need to identify one option that you feel can work for you, then start onto a journey of investing in bitcoins.

Someone might be asking why bitcoins? In brief bitcoin is a Cryptocurrency or virtual currency which is not controlled by any government or central bank.  It is the only currency that is 1000% more  powerful than US Dollar. As such if your local currency is affected by inflation and instability, it is wise to save your money in bitcoins.

We are going cashless not only in Zimbabwe but the world at large. We need not to overemphasize that the next assemblage of millionaires will be the people who quickly grasp how to invest in virtual currency.There are many virtual currencies out there. Talk of the Swisscoin, Pipcoin and so forth. In this article I decided to shade more light on bitcoins because it’s the pioneer, biggest and most trusted virtual currency worldwide. Nevertheless, the opinions on this article may also affect any other form of virtual currency in one way or the other.

Let’s quickly see how one can make money from investing in bitcoins: 1. Bitcoin mining
This is the most paying of all the methods of bitcoin investing. You however need to have an expert knowledge on how to invest in virtual currency. Computers around the world compete to gain bitcoins. You can install a bitcoin mining software in your computer and start mining bitcoins.

The five bitcoin mining softwares I recommend are recommend:  CGminer , BFminer, Bitminter, BTCminer and DiabloMiner

2. Bitcoin trading
People are robbed out by many unscrupulous bogus bitcoin traders out there. You can grasp this opportunity by creating a trusted platform whereby people will buy and/or sell bitcoins on that platform and then you charge a commission for that service. This business idea is more like what Ebay and Amazon do it save for the fact that you will be doing it in bitcoins.

3. Bitcoin lending
Did you know that you can start lending your bitcoins for a small period of time and start getting interest out of it? Yes you can and it is already happening. Platforms like poloniex.com allows you to lend your bitcoins. The good part is they do hold the security service on your behalf.4. Bitcoin exchanging
You buy Ethereum at a lower price, then store them waiting for a time when bitcoin will gain value in the markets. When it gain value you sell your bitcoins. Someone is asking, is this practical? Where is this happening on earth?

Yes this is very practical and you can start doing this via online brokers who offer this service. I recommend poloniex.com it has a well traceable reputation on this trade.

5. Buy and hold
This is the most simplest of all the ways of investing bitcoins. It works the same way Stocks and Bonds investors do it. If you can’t really manage your portfolio you just need to identify a company that is doing well, buy and hold your shares for a long time.
It works the same in bitcoin as btc is gaining value on a daily base. I strongly suggest that if you have money that you are not using anytime soon. Instead of keeping cash why not invest in bitcoins? Just buy your bitcoins and save them in your bitcoin wallet. By the time 6 or 12 months lapses your bitcoins will have appreciated in value with not less than 30%.

A quick wrap up on this underlying theme – there are several ways of investing bitcoins – you only need to do your homework very well before you invest because they are some bogus chancers who wish to take advantage of this virtual currency. Bitcoins is global and thus makes it the most favorable means of payment both online and offline today and in near future.