As you know, bitcoin is the best cryptocurrency because it gives the highest profit to the investors who are investing their hard-earned money in it. So hope you are also interested to know the price of bitcoin. Then you are at the right place because this article will cover all about bitcoin rate & value. Check cryptofolds to get a piece of detailed information about bitcoin trading.
Bitcoin price today:
Today bitcoin is the best investment option, and it gives you an excellent profitable return on your invested money. For example, if you had invested $1000 in Bitcoin during 2010, you will now have a tremendous amount of $35 Million with 100% profit only.
Bitcoin price prediction:
Bitcoin, a virtual currency, is more inclined towards the web world and thus more prone to cyber threats. The price of Bitcoin slightly depends upon the forces of demand and supply on different exchanges across the globe. Though currently, it has shaken the world, and the price of one bitcoin was approximately $76420 (i.e., more than 10k INR) in January 2018, which has fluctuated according to some news and events.
Bitcoin value history :
If you look back at the history of bitcoin from its starting time till now, you will find that it has given a significant return to the people who invested their money and bought bitcoin in many years. So if you had purchased $100 of bitcoin in 2010, then today, you can have $35 Million without any taxes.
How to earn bitcoin online?
The internet world has changed many concepts, and it is continuously growing with emerging technologies. The new concept introduced by the tech geeks is Bitcoins, a virtual currency that you can use as real money or buy a gift voucher from Amazon for your friends or family.
Bitcoin Investment Options:
The best way to be a part of the bitcoin bandwagon is by owning some bitcoins of your own, which you can store in a digital bitcoin wallet. You can buy bitcoin instantly from any popular bitcoin exchange like zebpay, unocoin, or coin base. After buying bitcoins, you need to keep them in a digital wallet. As bitcoins are purely based on demand and supply, they tend to increase their value every year, due to which people are buying them as investments to sell them later on at higher prices.
Bitcoin Investment Trust:
The Bitcoin Investment trust is a private trust formed by Second Market that holds bitcoins and operates like an exchange-traded fund (ETF). It makes buying bitcoin easy for US investors who want to own bitcoin but don’t want the hassle of safely storing their coins.
The best part of having this trust is that you can invest in it through your existing IRA account, which means that you will not have to pay taxes on the gains made by bitcoin even when you sell them.
You need to open an account with Second Market, which falls under the top-tier US regulatory framework covering every aspect of its operations. In addition, the trust charges a 1% fee for buying and selling bitcoins on their behalf. The company claims that the bitcoin held by the trust will be insured against hacking and accidental loss of any kind.
Altcoin:
Another way to invest in bitcoins and earn more profit is to trade altcoins like Litecoin, Ethereum, Peercoin etc. As you know, trading would be profitable if you buy coins at a low price and sell them when they reach high prices.
So here the question arises how to know whether the price of a coin is low or high? It will be decided by the number of people buying and selling them.
Conclusion:
The bitcoin trust is an excellent way to invest in bitcoins without worrying about the security of your digital wallet. You have to open an account with the Second market, buy trust shares, and keep them for the long term until you get satisfactory profit.
You can keep track of your share with the Second market, and it is easy to manage your account online. The best part is that no taxes are levied on the gains made by bitcoin, even when you sell them.