Gee-whiz, the number of calls I’ve had in the last week regarding bitcoin losing its value has made my phone explode!
OK, bitcoin was at almost $6k earlier this morning. This was your opportunity to buy. If you didn’t buy, then you may still only have a few days of opportunity left if you choose to trade.
If you don’t have the time to watch the market hourly like most people, then you should be mining. Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released.
Through mining, you are paid in bitcoin whether the price goes up or down, you will still be paid. You can then choose to accumulate your BTC or can cash in if you want to hedge against risk. In my opinion, it’s a much less riskier alternative to buying direct.
Calm down everyone. This is not the end of cryptocurrency. This is just the beginning. Institutional investors have already started to buy again. Those novice investors that bought at $20k have now pulled out having made a loss and with nothing more to show than a bad taste in their mouth and a lighter wallet, they will unlikely buy bitcoin, in the short term, again.
If you want to buy into cryptocurrencies, educate yourself and don’t follow the herd. Banks hate cryptocurrencies because they want you to save your hard earned cash with them so that they can pay you a measly 1% a year. They will do whatever they can to stifle their growth. However, in the end, peer power will win as it has always done.
If you’re in Birmingham this Saturday, let’s have a chat and I’ll show you how you can profit from this crypto-craze with minimal risk:
Birmingham Bitcoin Training Event.
If you are interested in bitcoin mining and would like to have a chat, you can contact me via this website.
