BitCoin Investment, Here are 5 Things to Consider

Bitcoin investments really can change a person's life. This is because since its inception, the bitcoin exchange rate has exceeded expectations, from just $ 0.3 in 2011, now the bitcoin price has reached nearly $ 6000. This is obviously an opportunity for us who want to gain profit in bitcoin investment business.

However, the investment world is not as simple as we imagine. Moreover Bitcoin Investments. Bitcoin investment is an investment with a high level of risk. The rising fluctuation and decline in bitcoin prices is so sharp that it causes it. It could be that you have $ 100 and within 5 minutes to $ 1000. And vice versa, you could lose money in an instant in just a few hours.

Therefore, it is necessary precision for those of you who will run bitcoin investment.

Here are some things you should look at before you invest bitcoin.

1. Pay attention to storage security issues

In the internet world, no security is 100% secure. Included in the world of bitcoin investment, because bitcoin is in the internet network, then your money in bitcoin is not entirely secure.

In bitcoin investment, you will be given a virtual wallet, and this will be very vulnerable to crime especially by the h * ck * r. They can take your money. Therefore, pay attention to the security side before you proceed to invest bitcoin.

Some of the biggest Cases that ever happened were the break-in of BitCoin investments in the United States. Their BitCoins storage was burglarized, causing millions of dollars in losses.

2. Be more aware of fluctuations in currency values

Looking at bitcoin from the beginning of its inception, bitcoin investment shows a positive signal, the bitcoin price always rising from year to year. But keep in mind also, bitcoin prices can also drop drastically at any time. Issues that develop in the world greatly affect the price of bitcoin up to 50%.

Positive issues will cause bitcoin prices to rise. For example, the news that America will open transaction using bitcoin from 1 January 2018. So bitcoin price will rise before that date.
On the other hand, if the issue of deforestation is a negative issue, for example China, which has so many bitcoin users, then the Chinese government banned the use of bitcoin, the bitcoin price will go down.

3. The Heart Against Fraud Under the Bitcoin Investment

If you just go along and do not understand the ins and outs of BitCoin, you can be the target of cheating under the guise of bitcoin investment. Many irresponsible people see this condition as an opportunity.

An example is the presence of a party that claims to be a BitCoin manager, but it turns out to be a fake business. If you become an investor who does not understand about BitCoin, it could be stuck in the case of fraud with bitcoin investment mode.

4. Know also the limitations of BitCoin

Although Bitcoin has now reached its highest price, up to almost $ 6000, but not all merchants and shops in the world can accept bitcoin as a means of payment.

This fact is often the biggest problem for investors because of the difficulty of using BitCoin.

The concept of virtual money is indeed not understood globally, so it is quite difficult to use it offine. The only way is to use it online which number is still limited

5. Can threaten the country's economy

One thing the state fears about increasing BitCoin users is the declining state revenue from tax payments. Therefore, the state simply limits the movement of BitCoin by encumbering transaction costs and taxes.

And on the other hand, there are also countries that permit the free use of BitCoin. Still, the country is scared if a currency shift can threaten the economy.

BitCoin does have both positive and negative sides. Now, after knowing the important things in this investment, you can decide whether to choose it or not.

You can indeed be a billionaire in a short time, but big risks must be ready for you