Investing In Cryptocurrency - Bitcoin Prediction
I want to show you all how I have gone from leaving money to sit in the bank only for it to make about 2% a year (if that!) to generating a passive stream of income using cryptocurrencies. Bitcoin has allowed me to see returns of well over 50% in under a month. Although Bitcoin is a live trading market and is still a volatile environment, it is allowing me to generate a passive income using money that otherwise would be generating pennies a year in the bank.
So what is Bitcoin?
Bitcoin is a form of digital currency, created and held electronically. However, no one controls Bitcoin. Bitcoins aren’t like printed dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems to mine the coin. Unlike money bitcoin is limited in quantity and only 21million coins can ever be created/mined.
The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.
Decentralised - Bitcoin is not controlled by one central authority
Easy to set up - Create an account in 10 minutes
Transaction fees are extremely low - unlike most currencies
ROI can be extremely profitable compared to bank interest
A great site I have started using is Longforecast, which provides a price prediction for a number of different crypto currencies. Although these prices are not set in stone and should only be taken with a pinch of salt they have been accurate so far. This has helped to give me even more confidence in these currencies and have allowed me to create a strategy for the best profit gains.
Currently this is the prediction for the end of 2017 & beginning of 2018 - (07.12.2017)