Currently, unless you are spending plenty of dollars to purchase bitcoin in bulk, this currency is not more than one stock, though inventors will hate to have this explained in that way. But, with time, it can become the reasonable way of buying goods or services—now Japan accepts it, legally. However, it is literally one kind of investment. And suppose you are smart bitcoin will make you good money, assuming bubble does not burst.
How can I invest?
Like any other investment, it is good to consult somebody who is knowledgeable in making the right investments. However, good rule is not investing more than you can lose. Cryptocurrency will be volatile, rising and plummeting in the terms of value daily. Suppose you are intrigued, there are many applications that you can download on the phone to start investing, such as Coinbase. The apps are “digital wallets,” which store your bitcoin.
Most convenient and right appears to be Coinbase. It is one application that you may download on your mobile and invest over $750 per week. It is secure, but again, this garnered a few buzzy headlines for the insider trading.
This currency has finite supply that is limited by its design. Algorithm that fuels Bitcoin network is made to produce 21 million BTC and system regulates itself automatically to make sure that supply of BTC grows at the smooth and steady pace. At a current rate, 21 million Bitcoins must get generated by the year 2140.