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This is not a beginner article, but it should make sense to those who sort of know how Bitcoin invest works.Get a wallet Verify your identity at a trading platform Have proof of residence (max 6 month old) Get a copy of a valid ID Set aside some money you don’t need Install Google Authenticator on your smartphone Your wallet will hold your coins. For desktop computers I recommend Electrum. It does not download the blockchain, making it faster than the ‘standard’ Bitcoin client. Mycelium is my mobile wallet of choice.In order to buy Bitcoins at an exchange you need to verify your identity. For US citizens I suggest Coinbase, for EU residents Bitstamp is a good choice. Stay away from MtGox in the coming months, they had a lot of issues and are slow and unreliable. If you want to buy coins faster or without verification try localbitcoins, which you can use to buy coins off of people who own them locally in your region.As in with investing, never invest money you need in order to live. View investments as money you lost (or at least can’t access). Your life should not be influenced by the ups and downs of your escapades. At the same time don’t be afraid to start investing. EVen if you have only 5,- lying around, in Bitcoin investment world that is enough!
The cryptocurrency is the latest way of making profit online. That domain gave to the people a new way to invest money and a very simple way of making profit. Its system is almost like the stock investment. That new domain provide online money (coins) which got a price in real money. You buy new coins at a low price and then when the price grows you sell all of them. For example, the bitcoin. It was created like 5-6 years ago. His start price was so low (like 0.000000...$) so people bought a lot of it and then its value just exploded. Now the bitcoin is worth like over 1400$. Bitcoin invest was a very very good and safe way of making money but now everybody is so unsure about that. Its price grew so much that the people thinks now it has to end soon. That price is growing even at that moment. But you can't say it will stop. Maybe it won't. Maybe will grow to more than 10.000$ and people will make even more money. The bitcoin is not the only coin on the internet. There are multiple types of cons which will give you profit but you have to be so careful with that, this domain is so unsure. Nobody can guarantee you that a coin is going to Moon and one does not.