Cryptoactive or digital assets have been around for some time with Bitcoin (BTC) being the first digital asset created, the most famous of them. The currency had its first transaction in 2009, about 12 years ago. But despite the short time of existence, cryptocurrencies have been revolutionizing the ways to earn and move money today.
The opportunities for profitability with crypto are quite expressive when compared to the traditional stock market, for example. In 2020 alone, bitcoin appreciated 300% from January 1st to December 30th. The asset started the year at just over 7 thousand dollars and ended the year at more than 28 thousand dollars, that is, another 140 thousand reais.
This appreciation draws the attention of many people who want to start investing in assets, however, they do not know where to start. Therefore, we have separated some tips for those who want to start investing in bitcoin.
1 - Create your wallet
To start investing in bitcoin it is necessary to have an open wallet in an exchange, which are types of brokers / exchange offices in which it is possible to buy and sell crypto.
There are numerous exchanges around the world available for you to open your wallet. Here in Brazil we have already known options like Binance and Bitcoin Market, but that doesn't mean you can't open your account at another exchange of your choice.
2 - Buying Bitcoin
A lot of people think that to start investing in bitcoin it is necessary to buy an entire unit right away, but the truth is that you can buy the cents of bitcoins, which are called satoshis.
In the vast majority of exchanges it is possible to make purchases of bitcoins starting at 50 reais. To make the purchase, just deposit the desired amount in your exchange account and then make the purchase of the asset, to convert your reais to BTC.
It is a very simple process similar to a bank transaction carried out in traditional and fintech banking applications. In a few seconds, a bitcoin buy or sell transaction is carried out, securely and transparently.
Here you can see content explaining the best time to buy bitcoin.
3 - Define your strategy
Do you want bitcoin to trade and make a profit in the short term or is your strategy long term? If you intend to trade in the short term, it is necessary to know how to operate in the market, to study its dynamics and movements so as not to lose the money invested. If your strategy is long-term (hold), it is technically simpler to manage, however market research remains paramount.
4 - Study the market
As mentioned in the item above, regardless of your investment strategy with bitcoin, it is necessary to study about the market and its movements. The crypto market is very volatile and if you are unaware of it, you could end up making wrong decisions on impulse and losing a lot of money.
It is common for currencies to fall a lot and then rise at the same intensity, if you are a beginner and are not prepared for these movements you can make a very common mistake: buying the asset at the high and selling at the low.
These are some key points for those who want to start investing in Bitcoin, but if you don't like to take risks and don't even have time to dedicate yourself to studying about the crypto market, but still want to invest in it, the rental of digital assets can be the perfect option for you.
In this type of business you guarantee your insertion into the digital assets market, but without you having to make the moves, specialist professionals operate your assets for you. Better understand how it works.