Invest in Bitcoin
Investing in bitcoin is a reason why many people are turning to digital currency’s in the hope that they can double or triple their money. If you have been following bitcoins success then you will know that the value of bitcoins has increased dramatically since its conception and over the last year rose from a low point of about $13 in January 2013 to high of $1,209. In January 2014. Imagine if you had invested just $100 back in January 2013! Bitcoin has experienced a slight pull-back since those highs a few months ago and trades at $612 per bitcoin. If bitcoin can regain momentum that it had a few months ago then at current prices you would be looking to double your money quite easily.
If buying bitcoins is the purpose to make money then eToro is the best route to invest in bitcoin. How does it work? Well instead of buying bitcoins as discussed on other posts you can use eToro to invest in bitcoin just you would invest in a stock. If you want bitcoins to spend online and hold in a wallet then this is not what you want but if you are speculating on bitcoin, this is what’s for you.
eToro is a social trading company that allows you to follow other traders and copy their movements. Of course you don’t have to do this and are free to pursue your own trades and investments. Since we are focusing in bitcoins I won’t go into great detail about eToro except that it’s probably the easiest way to invest in bitcoins on the web. I have invested in bitcoins with eToro and am happy with how they operate.
How to invest in bitcoins on eToro
- After you register with eToro you need to go to the open book and click on the bitcoins page.
Next you click on the “buy stock” button and select the amount you wish to invest. The minimum amount is only $10.
You then only need to confirm your order and wait. Trades are executed at eToro at regular intervals throughout the day at 6:00, 12:00, 18:00 or 00:00 (GMT). Trading is from Monday to Friday at eToro even though bitcoin is traded 7 days a week. The price you get will be the price it is executed at during these intervals. Please see eToro for more information.
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