May 2, 2022

Blog#16

Hello ka home mates, I've decided to write this because, there are many readers and likers asks questions in the comments section, and also have friends in Facebook that inquires like "where can invest in bitcoin"? Let's start the discussion ..

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So there are a lot of people asking me about bitcoin investment, for sure, those who are asking are the ones who are new to bitcoins and have not yet earned or lost in bitcoin from 2017 2018 and 2019, so this information is very important. Especially if you're quite curious to invest in bitcoin or if you want to earn in bitcoin.

So it is very important for you to read and learn from this article before you start investing in Bitcoin.

So for me there are two ways to earn in bitcoins.

• First is to buy bitcoins if the price is low and then sell it once the market price high. The pronoun"l" is very important just like cases like "l" I will buy "or" I will sell" . Avoid to have "your friend" to buy or have"your friend" to sell so it is a must that you are that one will buy and sell.

• Second way to earn in bitcoin is known as bitcoin mining I'll discuss the second way firts, which is Bitcoins mining whatever it is Bitcoin mining by yourself or cloud mining

So for now, Bitcoin mining is no longer profitable because of what they call " difficulty" last 2017 or early 2018, invested in bitcoin cloud mining worth 20,000 pesos. But because of the very high "difficulty" the mining contract I thought didn't earn. So from 20,000 invested I made, the return I got was around 3,000 or 4,000 pesos. So I suffered a loss instead it is not a scam but it is not profitable for now.

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So if someone you know offers you bitcoin mining and tasks you invest 10,000 today and says it will be worth 15,000 in 5 days, better have a second thought.

So in bitcoin, there is really only one way to earn. For more, the only sure and legit way to earn is for you to buy and sell bitcoins. We will buy the bitcoins if the price is low and then we will sell it if the price gets high.

There are 2 types here, investment and trading

Investment

It means we keep the bitcoins for a long term, we don't easily sell the bitcois. Like, for 2 years 3 years or even 5 years before we sell the bitcoins.

Trading

There are only days minutes or months interval before we sell the bitcoins. It is continuously buy and sell of bitcoins.

So it is important for you to remember that for now, only the firts options, the buy and sell, where you are the one to do it and earn in bitcoin.

So make sure to avoid those types of incidents.

Firts of all, bitcoins are cryto currency so we could buy it and we could also sell it. Just like a dollar or euro, they have equivalent value in pesos, like for example a dollar now is equivalent to 48 pesos then after a day it is a equivalent to 48.20 the after 2 days, it can be 48 pesos flat or 47.80 so it's value changes.

However dollar equivalents are backed up by the government and it's movement is much stable meaning it's daily movement is usually in centavos.

On the other hand, bitcoins are volatile. It is not stable so we will give an actual

Example

In here you will have a better look and idea or how to earn in buy and sell, so think of this face mask.

I know this will be a very good example. Imagine this facemask is a bitcoin this facemask has a price. For you to have it you must buy it so we will buy it.

Example

• Todays it is worth 100 pesos per box so we will use the 100 pesos to buy the facemask. You will no longer have your 100 pesos because we used it to buy the facemask. However your now have the face mask and then came the pandemic, there was a scarity in the supply of care mark and thereby the price of the facemasks rise. Seems like it reached the price of 500 pesos or 700 pesos. So how the facemask you brought for 100 pesos, or listing for example, the Bitcoin that you bought for 100 pesos has now a value of 500 pesos.

It is just the same with bitcoins. You can earn or suffer loos. Our goal is to buy them when the prices are low, and sell them once the prices are high .

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I will go ahead with the warning Fitrs. Nowadays there are a lot promoters saying that it is very good to buy bitcoins now because they are trending up and they will rise up higher which is think is somehow wrong. Because our goal is to buy for a low price and sell in a high price.

However based on the history of bitcoins, let's me show in the computer in a while. This is the history of bitcoins for the 3 years . You can see that in December 10,2017 it's prize is 13,000 dollars which is around 650,000 pesos. Then around December 1m17 or 18 19 the value of the bitcoin is around 19,000 dollar which is around 950,000 per bitcoin.

So you can see around 1month, the Bitcoin lost almost half of its value. The previous 1 million worth of Bitcoin is now only 500,000 pesos. That is around January to February. So this is our main warning here there's no guarantee that the value of the bitcoin will always increase.

Be careful you, especially when trading Bitcoin don't trust or listen or joined those who invite find out firts and analyze carefully for more information just read or subscribe so you are always updated in my new article.

Philippines 
3:13 pm 

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