3 Winning Strategies for Buying Bitcoin

3 Winning Strategies for Buying Bitcoin

WikiCrypto’s Winning Strategies for Buying Bitcoin

If you’re reading this article, you might be an experienced investor or someone who has no knowledge about buying Bitcoin. Fortunately, we’re gonna explain everything along the way so that everybody can follow our winning strategies for buying bitcoin.

There are three winning strategies in my opinion. Firstly, you can invest in Bitcoin in the short run by trading CFDs. You can purchase Bitcoin and wait for their value to grow in the long run. You can also invest in eToro by copying the trades of a popular and profitable trader.

1. Short Run Option for Buying Bitcoin: Trading CFDs.

Trading CFDs is a great option for buying Bitcoin and making a profit in the short run. Contracts for the difference – a CFD – is technically a unit that is traded on a platform. Essentially, the market on the platform is all about speculation.

If you think that the price of an asset will rise, you purchase 10,000 units or CFDs to show that position in the market. Now, if the price actually does go up, you would make a proportional profit. It’s also quite hassle-free, people don’t have to spend time making an online wallet.

CFDs are popular since they’re quite profitable and can make great returns in the short run. However, a critical requirement for trading CFDs is that you need to have experience in the stock market or at least have a good understanding of the crypto market. Both of which beginners might not have.

That’s why you can choose to try the demo version trading CFDs on Plus500. Plus500 is one of the world’s best CFD trading platforms.

Overall the Plus500 platform is one of the simplest and most powerful CFD trading website, the strong emphasis that plus500 has placed on being open to everybody is unparalleled. The platform can be used by anybody to experience the world of CFD trading and get introduced to a new industry in the financial markets.

2. Long Run Option for Buying Bitcoin: Exchange.

The second option is arguably the most popular way to buy bitcoins; to purchase them at an exchange. An exchange is a platform that will sell you bitcoins for the market price and an extra percentage.

As Bitcoin has great potential in the future and is expected to grow in the recent years; you could receive profits from your bitcoin in a year. That would be enough to make your investment grow by around 40%.

In order to buy bitcoin, you can visit Coinbase. Coinbase is the world’s most popular digital currency exchange, over $6 Billion worth of digital currencies have been exchanged on the platform. That includes Bitcoin, Ethereum and Litecoin.

Coinbase offers one of the fastest services for people buying, exchanging and trading bitcoins. The website is has a great user interface, including an automated chatbot which can help users in all aspects of the website. It also offers real-time graphs and analytics free of cost, so that you can monitor your investment grow day by day.  

Finding a Coin Wallet

The second step in the long run option is to find a wallet that can store your investment safely. Coinbase provides a free online wallet when you register yourself and create an account. Coinbase has many security measures in place in order to secure your bank credentials and your online wallet.

Firstly, all deposits are insured. It makes you 100% safe even in an event of hacking. Your stolen Bitcoin or currency would be returned to you in a case like this.

3. Copying Trades: Copyfund on eToro.

There’s another way to invest in Bitcoin and some might even call it cheating. eToro, the world’s best social CFD trading platform provides the possibility of following trader and their trades. On the website, you can trade Ethereum CFDs and connect with your favourite traders, you can follow them and their trades!

If you want to benefit of the CFD trading profitability and you want to have safety for your investment, look no further than eToro.

Yes, you can actually copy trades that high earning traders are doing; since all of their trades are posted on their wall. You can comment on a trade, start a discussion and even message traders.

Thus, you can follow someone you think is great and let the platform do the rest. Hopefully, in a few months, that trader you follow has been working hard and doing the tough job for you.

Using eToro, you can benefit from the profitability of CFDs, the extensive knowledge that experienced traders have and the safety that eToro offers. It’s an all-in-one package for the success of your portfolio, as explained in the below video:

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About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

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