5 things to know before investing in bitcoin - PowerPoint PPT Presentation

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5 things to know before investing in bitcoin


things to know about Bit coin – PowerPoint PPT presentation

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Title: 5 things to know before investing in bitcoin

5 Things to know Before Investing in Bitcoin
  • What is Bitcoin technology?
  • Bitcoin is a cryptocurrency, a form of
    electronic cash. It is a decentralized digital
    currency without a central bank or single
    administrator that can be sent from user to user
    on the peer-to-peer bitcoin network without the
    need for intermediaries.

1.Why Invest in Bitcoin?
  • As new gold is mined, gold is present in limited
    quantity and it is harder and more expansive to
    find and mine.
  • This same is with Bitcoin
  • There are only 21 million Bitcoin, and day by day
    it become harder to mine
  • Bitcoin can be sent anywhere around the world .No
    banks can block payments or close your account.

2.Bitcoins Price
  • There is no official bitcoin price. Bitcoin price
    are set by whatever people are willing to pay.
  • Bitcoins price is generally shown as price of
    one bitcoin.
  • However, exchanges will let you buy any amount,
    and you can buy less than one bitcoin.

3.When is the right time to buy?
  • As with any market, nothing is for sure.
  • Global chaos is generally seen as beneficial to
    Bitcoins price since Bitcoin is apolitical and
    sits outside the control or influence of any
    particulate government.
  • When thinking about how economics and politics
    will affect Bitcoins price, its important to
    think on a global scale and not just about whats
    happening in a single country.

4.How to Invest in Bitcoins and Where to Buy ?
  • The difficulty of buying bitcoins depends on your
    country. Developed countries have more options
    and more liquidity.
  • Coinbase is the worlds largest bitcoin broker
    and available in the United States, UK, Canada,
    Singapore, and most of Europe.
  • You can use our exchange finderto find a place to
    buy bitcoins in your country.

5. India banned Bitcoin
  • Finance minister Arun Jaitley, in his budget
    speech on 1 February 2018, stated that the
    government will do everything to discontinue the
    use of bitcoin and other virtual currencies in
    India for criminal uses.
  • He reiterated that India does not recognise them
    as legal tender and will instead encourage
    blockchain technology in payment systems.

  • Bitcoins can be helpful to a lot of people. Since
    they are an international currency, you can use
    them in any country without having to convert
    between currencies. The Blockchain is really
    secure and it lets you make sure your money goes
    to/comes from the right person. People receiving
    Bitcoins won't have to pay anything for the
    transactions, and Bitcoins have a lot of support.
    All of these will definitely help Bitcoin get
    more users, and if everyone uses Bitcoin it could
    replace official currencies.
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