Bitcoin: The Best Cryptocurrency Every Beginner Should Invest In
2022-05-06 18:16:04
Is Bitcoin A Good Investment For Beginners?
Bitcoin is the very first cryptocurrency to appear in the market. It is a virtual currency designed to act as cash and a kind of payment outside the management of anybody, person, group, or entity, therefore removing the requirement for third-party involvement in monetary transactions. It rewards blockchain miners for the work done to verify transactions and can be purchased on many exchanges. Investing in Bitcoin is one of the best decisions a newbie can make in the cryptocurrency space.
You can buy bitcoin on one of the best exchanges in the world, Gate.io. This is a top 10 global cryptocurrency exchange platform listing crypto assets that are great in quality like Bitcoin and have a high rate return. At the time of writing this article, the Bitcoin price live on the Gate.io trading platform is $36,246.33 with a trading pair of BTC/USDT. It has a market capitalization that surpassed 1 trillion in 2021 and a circulating supply of 21 million BTC coins. As a beginner, you would be posed with the question, "Which Cryptocurrencies should I invest in?". You need to do your research thoroughly, for you to know the best cryptocurrency to buy.
All other cryptocurrencies that are out there are called altcoins and the use case of BTC is more compared to the altcoins. Bitcoin is becoming a household name of different nations of the world whose governments have decided to make BTC a legal tender, so investing in Bitcoin will definitely be a decision every beginner in the cryptocurrency space can make. Different government parastatals of different nations are requesting their salaries to be paid in Bitcoin.
Although Bitcoin has a short investing history filled with very volatile prices. Whether it is a good investment depends on your financial profile, investing portfolio, risk tolerance, and investing goals. You should always consult a financial professional for advice before investing in cryptocurrency to ensure it is right for your circumstances. As a beginner you can also study articles on the Gate.io trading platform to learn more about investing in Cryptocurrencies.
Bitcoin is the very first cryptocurrency to appear in the market. It is a virtual currency designed to act as cash and a kind of payment outside the management of anybody, person, group, or entity, therefore removing the requirement for third-party involvement in monetary transactions. It rewards blockchain miners for the work done to verify transactions and can be purchased on many exchanges. Investing in Bitcoin is one of the best decisions a newbie can make in the cryptocurrency space.
You can buy bitcoin on one of the best exchanges in the world, Gate.io. This is a top 10 global cryptocurrency exchange platform listing crypto assets that are great in quality like Bitcoin and have a high rate return. At the time of writing this article, the Bitcoin price live on the Gate.io trading platform is $36,246.33 with a trading pair of BTC/USDT. It has a market capitalization that surpassed 1 trillion in 2021 and a circulating supply of 21 million BTC coins. As a beginner, you would be posed with the question, "Which Cryptocurrencies should I invest in?". You need to do your research thoroughly, for you to know the best cryptocurrency to buy.
Why Should You Buy Bitcoin?
Speculative investors are drawn to Bitcoin due to its fast value appreciation in recent years. Bitcoin had a value of $7,167.52 on Dec. 31, 2019, and a year later, it had appreciated quite three hundredths to $28,984.98. It continued to surge within the half of 2021, commercialism at a record high of over $69,000 in November 2021—it then fell over the succeeding few months to hover around $40,000. Investing in Bitcoin may be a great move at this current price.All other cryptocurrencies that are out there are called altcoins and the use case of BTC is more compared to the altcoins. Bitcoin is becoming a household name of different nations of the world whose governments have decided to make BTC a legal tender, so investing in Bitcoin will definitely be a decision every beginner in the cryptocurrency space can make. Different government parastatals of different nations are requesting their salaries to be paid in Bitcoin.
Although Bitcoin has a short investing history filled with very volatile prices. Whether it is a good investment depends on your financial profile, investing portfolio, risk tolerance, and investing goals. You should always consult a financial professional for advice before investing in cryptocurrency to ensure it is right for your circumstances. As a beginner you can also study articles on the Gate.io trading platform to learn more about investing in Cryptocurrencies.
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