If you have $10 worth of bitcoin, then the value of your bitcoin will go up or down by the same percentage that a single bitcoin goes up or down.
For example, let’s say you bought US$10 worth of bitcoin when bitcoin was US$8,000. If bitcoin goes up to US$8,800, or 10 percent, then your $10 investment in bitcoin is also up 10 percent, up to $11
If bitcoin doubles in value (100 percent gain) from when you bought it (from US$8,000 to US$16,000), then your US$10 investment is now worth US$20.
If it goes down by 10 percent (from US$8,000 to US$7,200), then your US$10 investment would also be worth 10 percent less, at US$9.
You can also figure it out by multiplying the amount of bitcoin you have times the price of bitcoin. If you have a fraction of a bitcoin (a decimal number), multiply it against the current price to get the value.
The price of bitcoin goes up when more people want to buy bitcoin than sell it. When more people are trying to sell bitcoin than buy it, the price goes down.
One should consider the following factors before selecting any Bitcoin investment site.
- Secure: select the ones which are the least vulnerable to the cyber attack.
- Trustworthy: opt for those sites that have proven their loyalty, and have proof of payments.
- Legitimate: one should always look for the sites that are registered as legit by the law if applicable.
Today everyone is well aware of the site eToro. It is one of the top choices of bitcoin investors. Its journey began in 2006, and today it has users spread over 170 countries around the world. It has earned a place in the list of trusted bitcoin investing sites in 2020. eToro has a user-friendly interface and helps to learn new strategies from professional traders. It provides various ways in which investments can be made and diversified.
BlockFi allows its investors to earn up to 8.6% annually on their cryptocurrencies with no hidden fees for its account interest. BlockFi is one of the few sites which allows the user to borrow coins whenever they need capital. One doesn’t need to sell one’s crypto assets just to access cash. BlockFi lets one borrow USD to meet his/her needs — whether that’s buying a home or acquiring more crypto. Therefore, through this mechanism, users don’t need to sell their cryptos.
Robinhood offers fee-free services to its users. One can buy-sell bitcoin and other digital currencies on this platform without paying any extra fee.
Robinhood is protected by Securities Investor Protection Corporation (SIPC) which means that one’s money is comparatively safe. Apart from security, it provides traders and investors alike with numerous options right at the touch of their fingers. It also has an innovative, user-friendly mobile app.
Bitcoin IRA is the world’s first, largest, and most secure cryptocurrency IRA (Individual Retirement Account) platform used by thousands of clients and account holders. A little different from other platforms, Bitcoin IRA combines the best of being both a crypto wallet and an exchange. It also combines the benefits of supporting IRA as well as offering the exchange of currency as opposed to exchanges and wallets Bitcoin IRA is even accessible to beginners, as it allows deposit as low as USD 3,000 to register an account.
It has the best technology that helps one to trade easily and efficiently. Its 2-factor authentication and advanced encryption technology help one to be carefree towards their capitals. It offers a high volume of Bitcoin trade, making it a good investment site.
This platform is the largest cryptocurrency exchange by trade volume and is known to be the fastest in the world. On Binance, professionals and beginners are well catered as it offers more than 400 coins that can be exchanged. It is an easy platform to navigate, and it features both a basic and an advanced trading screen and a proprietary mobile app that can be used.
Kraken is one of the best exchanges in the cryptocurrency market. It is designed to streamline the bitcoin exchange for beginners and professionals alike. Most of the assets on this platform are held in cold wallets to keep them safe and away from bad actors. It helps to measure one’s portfolio’s performance and keep track of all digital assets in one convenient place.
This platform offers various payment options ranging from Credit card, Debit card, Apple pay, or bank transfer. It works in the same way that a bank would, and when purchasing coins, they are sent to a digital wallet.
This platform’s financial services make it faster and safer to buy cryptocurrency all around the world.
Founded in 2012, Coinbase has the revolutionary idea that anyone, anywhere, should be able to smoothly and securely access Bitcoin. It helps people to see cryptocurrency as the future of money and a catalyst for creating an open financial system around the world. Today, Coinbase has over 35 million people in more than 100 countries who trust to buy, sell, store, use and earn cryptocurrency.