Should I Invest in Bitcoin in 2017? Here are 4 Things You Have to Know

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Last updated on July 29th, 2017 at 09:26 am

2017 started with a bang as Bitcoin shot through the $1000 mark with no signs of slowing down. As a result I get about 2 emails a day from people around the world who are asking one very simple question: “Should I invest in Bitcoin?”

Before we begin, I want to get something out of the way – Bitcoin is not a company or a stock, it’s a currency. If you still don’t understand what Bitcoin is, watch this video. So when you want to invest in Bitcoin you are basically buying the currency. However, there are also some other forms of investing in Bitcoin.

What does it mean to invest in Bitcoin?

In order to answer this question the first thing you need to answer is what do you mean when you say you want to invest in Bitcoin. Do you want to buy the currency in hopes it will appreciate it value? Do you want to invest in Bitcoin related companies? Are you looking to day trade with Bitcoins?

Buying and holding

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to decide for yourself if you think this is a good time to buy. Meaning, do you think the price will continue to rise.

hodling Bitcoin

Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just starting, but that’s my own opinion and you shouldn’t consider that as investment advice as well.

A few pointers for buying and holding Bitcoins:

  1. Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times.
  2. After buying Bitcoins make sure to move them into your own personal wallet and never leave them at the exchange. My personal recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, try a paper wallet.
  3. Make sure to buy Bitcoins only from exchanges that have proven their reputation.
  4. Buy Bitcoins through Dollar cost averaging – This means that you don’t buy all of your Bitcoins in one trade but instead buy a fixed amount every month, week or even day throughout the year. This way you average the price over the course of a whole year. Here’s a short video to explain this concept:

Trading in Bitcoins

Bitcoin trading is different than buying and holding. When you are trading Bitcoins it means that you are actively trying to buy Bitcoins at a low price and sell them back at a higher price in relatively short time interval. Trading successfully requires knowledge and practice. The trading market is occupied by very large players who are just waiting for newbies to come in and throw their money away by trading aimlessly.

If you want to learn more about Bitcoin trading here are some practical tips to help you out.

Investing in Bitcoin mining

Some people would like to invest their money into mining Bitcoin. For the past few years mining Bitcoin is only profitable if done at large scales. This means you will need to get expensive mining equipment and hopefully have access to free electricity. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.

Some of you may have heard of all sorts of sites that allow you to mine Bitcoins through them. This is known as cloud mining and these sites fall into one out of two categories:

  1. They are complete scams that will run away with your money and don’t actually use it to mine Bitcoin.
  2. They are not scams, but they are bad investments since you will probably get more Bitcoins if you just use that money to buy Bitcoins instead of paying the site.

If you want to learn more about my take on cloud mining read this post.

Invest in Bitcoin companies / grow your Bitcoins / HYIPs

Finally, every other day I get a question about a site or company that claims to double your Bitcoins, give you insane daily interest on your Bitcoins or help you invest them in some sort of complex and obscure scheme. These sites can be categorized mostly as scams or HYIPs (high yield investment programs).

What these sites usually do is they take money from people around the web and promise to give them good returns. They will then start off by paying these returns through money they get from new sign ups and create a big buzz around the site. Usually they will also have some sort of referral program so that users can bring in their friends. This will go on for around 3-4 months until one day the website will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they got scammed.

I have reviewed many Bitcoin investment sites in the past 3 years (e.g. BTCJam, Bitcoin Trader) and I have yet to find a site that I can say is legit or safe to invest in. Any site that promises you something that is too good to be true is probably just a facade for scammers trying to steal your coins.

How can you find out if a site is a scam for yourself? Easy, use our Bitcoin scam test tool. I can’t emphasis this enough – STAY AWAY FROM SITES THAT CLAIM THEY WILL DOUBLE YOUR COINS OR GIVE YOU DAILY INTEREST ON THEM.

So should you invest in Bitcoin?

By now you can probably see that the answer isn’t that simple. It’s not just a matter of should you invest, but also a matter of how to invest. Like I said in the beginning, start by educating yourself. Learn about the currency, what affects it, what are its advantages and disadvantages, etc. You can get a lot of basic education through our free Bitcoin crash course (sign up at the bottom of this post).

After you feel you’ve acquired some basic education it’s time to answer this question. REMEMBER – only you can answer this. You can consult others and read online but never follow someone’s advice blindly.

Good luck!

Ofir Beigel

Owner at 99 Coins ltd.
Blogger and owner of 99Bitcoins. I've been dealing with Bitcoin since the beginning of 2013 and it taught me a lesson in finance that I couldn't get anywhere else on the planet. I'm not a techie, I don't understand "Hashes" and "Protocols", I designed this website with people like myself in mind. My expertise is online marketing and I've dedicated a large portion of 99Bitcoins to Bitcoin marketing.
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129 Comments on "Should I Invest in Bitcoin in 2017? Here are 4 Things You Have to Know"

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lucas
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lucas

Bitconnect.co Have you ever heard of it?

Good reviews, FORBES list, alexa rank 4000 , authority 55, reddit, google GOOD reviews

Good work on this post, I appreciate the honesty

Steven Hay
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Steven Hay
Hey Lucas, I’ve heard of Bitconnect, yes, but only because it had the ticker “BCC” which was later claimed by Bitcoin Cash. I think Bcash has now semi-officially changed their ticker to BCH. I believe it was this confusion over the ticker which led to Bitconnect Coin’s all time high of $115 on August 15th (2 weeks after the Bcash fork). I recall at the time, many people remarking that Bitconnect was a scam. I should point out the Bitconnect is an altcoin, and so has nothing to do with Bitcoin. You won’t be investing in Bitcoin by buying Bitconnect… Read more »
Yashkruk
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Yashkruk

As per now i can afford only 0.25 bit coin…so should i buy it or else do i have any other option to invest

Zsofia Elek
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Zsofia Elek

Hi Yashkruk, it really depends on your own situation as investments decisions always involve a lot of personal factors. Please read through the post to see the options and try to draw your own conclusion.

John
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John

Hi. Can you please guide how to invest in bitcoin? Is there any site to register? Thanks.

Zsofia Elek
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Zsofia Elek

Hi John, there are a couple of options listed in this article a how to invest in Bitcoin from trading to mining. At the moment there is no invest site we can recommend as most of the time they turn out to be scams or ponzi scheme. If you have any specific question, please let us know and we are happy to answer.

Saransh
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Saransh
Hello there! I am thinking of investing in bitcoin. I want to do it soon. I want to know a few things, so i request for your expert opinion. 1) which is the best bitcoin wallet app for android? 2) How low can i invest in bitcoin? 3) Since i am a beginner i will be investing in low end. What would be the lowest that i should go to gain nice profit? I just want to hold it, i’m just learning to trade. I wanna be sure before doing it. Your opinion would be grateful. 4) Is is a… Read more »
Zsofia Elek
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Zsofia Elek

Hi Saransh, regarding your questions, please see here the answers:
1) Here is an article about the best android wallets we have reviewed: https://99bitcoins.com/best-4-bitcoin-wallets-android-mobile-review/
2-5) We can’t give you direct investment advice about Bitcoin, but there is no minimum amount you can start with. Regarding the value of Bitcoin, it is indeed determined by the market demand and supply, here you can read more about the topic: https://99bitcoins.com/know-why-bitcoin-has-value/

vasanth
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vasanth

I lost money in bit coin till now, I lost 30% of the amount till now, should I remove or keep them as it is, please give me your valuable suggestions.

jer
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jer

keep them my friend it rises and goes down depending on worldwide bitcoin news. so far it’s buying mode (price is low for a bitcoin) due to the china drama. but the current trend is it goes low, then goes back to normal, then goes up than normal. then the cycle repeats.

Prasanna Shenoy
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Prasanna Shenoy

Awesome article. I just wanted to know what are your thoughts on genesismining.com?

Zsofia Elek
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Zsofia Elek

Hi Prasanna, you can read more about Genesis mining in our review: https://99bitcoins.com/genesis-cloud-mining-review-scam-legit-investment/

Random Potato
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Random Potato

I’m a consumer of genesis, short answer dont buy genesis you aren’t gonna make any profits. The reason is because the difficulty level keeps increasing and your payouts exponentially drop, this coupled with the fact that they have very high min payouts means it’ll take you well past 2 years to break even.

Jay
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Jay

Really great information.

I am new to the block chain/bitcoin world.
I’m here as a friend of mine was advising I should take my music tuition service online and offer guitar, vocal and drum lessons for bitcoins.

Can I please ask if you think this is worth while? I’m left thinking how enough people would even know how to pay with bitcoin? And how I could set the rate?

Any advise, much appreciated

Jay

Zsofia Elek
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Zsofia Elek

Hi Jay, a lot of businesses are already accepting Bitcoin as payment, you can see here a list: https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/ If you are looking for accepting Bitcoin, I suggest you read this article how to get started: https://99bitcoins.com/get-accept-bitcoin-for-business/

Adam
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Adam

Hi Zsófia, lenne rá mód esetleg, hogy privátban kérdezzek tőled ezt-azt a bitcoinnal kapcsolatban? :) A nevedből ítélve magyar vagy, de elnézést ha tévedek.

Zsofia Elek
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Zsofia Elek

Hi Adam, you can contact us using the contact form and I am happy to respond: https://99bitcoins.com/contact/

Dapo
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Dapo

Please can you recommend to me those sites that predict near accuracy of coins volatility.
I need advice on what to buy and when to,
Also to sell.

thank you

Zsofia Elek
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Zsofia Elek

Hi Dapo, in this article you can read more about the major altcoins: https://99bitcoins.com/bitcoin-alternative-6-coins/. In term of volatility, you can follow the altcoins on Coin Market Cap.

Phil
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Phil

Is Bitcoin a big ponzi scam? Is this why the ceo was arrested in 2015, and are there dodgy investment groups scamming people?
Is it over hype to push the price up before a bubble burst?

Keiretsu
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Keiretsu

it’s not a ponzi… you’re just scared of something you don’t understand

Zsofia Elek
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Zsofia Elek

Hi Phil, Bitcoin itself is not a scam or ponzi scheme, it is a decentralized cryptocurrency and it does not have any CEO or governing body. I suggest reading a bit more around the site to get familiar with the topic. You are right in a way that there are many people trying to scam others with Bitcoin, we have created a simple tool, the Bitcoin Scam Test which let’s you decide if a site is legit or not. https://99bitcoins.com/bitcoin-scam-test/

valeria zaniboni
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valeria zaniboni
Good afternoon Mr. Beigel, hope this email finds you well. I have a client that is in the business bitcoin , and has been doing it for the past three years. However , she was telling me about the business and ask me if I wanted to invest in it , that I could start only with $300, or $400 . I know its not a lot of money but to me it is and it will be sad if I loose it. Please can you advise , I know its my decision and only I should know, but its… Read more »
Zsofia Elek
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Zsofia Elek

Hi Valeria, the topic of cryptocurrency investments is very tricky because you have to consider several factors, like your time horizon, risk attitude, the amount of money and your level of knowledge in the product before investing in something. This article is the best place to start your thought process.

Emmanuel
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Emmanuel

Hello ZSOFIA, i wish to buy bitcoin now but do you think bitcoin will appreciate more in the future? should i wait or do i go ahead to buy?

Zsofia Elek
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Zsofia Elek

Hi Emmanuel, we can’t give you investment advice, as Bitcoin investments depend on several personal factors such as time horizon, amount of money, risk attitude, level of knowledge about cryprocurrencies and many more. I suggest read through the article, think about your own situation and make a decision based on that.

Ragun
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Ragun

hi, Im Ragu from Malaysia, how do i purhcase ETH? coinbase only available for SG not MY. Any idea for me to do the investment?

Zsofia Elek
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Zsofia Elek

Hi Ragun, you can read more about how to purchase Ethereum in this article: https://99bitcoins.com/guide-buy-ether-ethereum/ You could also use Cex.io or Coinhouse.

Terence magaya
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Terence magaya

Why does the price of buying bitcoins higher in Africa than in US

Zsofia Elek
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Zsofia Elek

Hi Terence, there are several exchanges on the cryptocurrency market both international and domestic ones. If a resident from a country is not eligible to buy Bitcoins on major exchanges, a local exchange can charge a higher price to make Bitcoin available for these citizens too as they will be a monopoly on that market.

Tom Laws
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Tom Laws
There’s no sane reason to invest in bitcoins. Of the reasons they have value today are; !. They are the new shine and exiting thing. 2. Criminals need them to engage in business and are currently legal. 3. Poor people with “get rich easy” ideas are buying them The earth is full of things that used to have value because they were temporarily fancied. When bitcoins is no longer the new thing, those buyers will become sellers depressing the price. If criminals become the primary users of bitcoins, some governments will make them illegal. When get rich easy stories are… Read more »
robtoon
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robtoon

No currency has real value that’s why the German mark was worthless after world war one. They kept printing money but that just causes inflation. cyber currency is different, there is a finite amount of it so they cant print anymore. As such it becomes a case of supply and demand. Im not sure if bitcoin will still be around in 20 years time but its like investing in Facebook yet in and out at the right time.

ANON
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ANON

Wow, what a bullshit answer that is.

Anonymous
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Anonymous

it’s called risk. we know

Alex
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Alex
Hi Ofir, Thanks for your great article. I am new to Bitcoin and want to start buy buying very small amount to see how it goes. I was told to register with Blockchain.info wallet an purchase bitcoin using one of their exchange such as coinify. My question is, are these guys legit? Also if I buy lets say 1 bitcoin and keep it as long as I want and sell it when bitcoin rate has increased, will I get more money than I had purchased initially? Or do I get the same money I paid when I bought it? Really… Read more »
Zsofia Elek
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Zsofia Elek

Hi Alex, the price of Bitcoin changes based on the market demand and supply, you can get back more or less money depending on when you are selling it. We do not have experience with Coinify, but here you can find couple of exchanges with reviews where you can buy Bitcoins: https://99bitcoins.com/how-to-buy-bitcoin-with-a-credit-card/

mahesh
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mahesh

hey ofir i am agreed with you.. when you want to invest in cryptocurrency then u should know about this currency. as this currency is fluctuating every day.
you said about hardware wallet but on one blog i read about the mobile wallet.
this is also a great option for storing bitcoin.

Megan
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Megan

Hai everyone, I’m Megan staying in India. Me and my friends are looking towards to invest in bitcoin but I don’t know how it works, I do have some questions like:

1) They say that we’ll get daily payout of 1percent will get that 1percent money daily in my wallet or after the package run time is over, that’s after 140 working days?
2) can I make money just by investing in bitcoin?
3) How will I be notified or can withdraw the money after 140days?

*Please let me know the suggestion, your answers will really help us a lot.

Swati Patel
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Swati Patel
Hi Megan, I am also living in India and if you want to invest then following are some good and trustworthy exchanges to buy/sell and store bitcoins, I am using unocoin.com since Jan-2017 to sell my BTC and so far I am happy with it, but to buy, you may buy from coinsecure as other exchanges have too much rates to buy: 1) unocoin.com 2) coinsecure.in 3) zebpay.com zebpay offers android & ios app only to buy/sell/store BTC. There are many other facilities like mobile recharge etc.. Unocoin offers SIP for BTC through payumoney. You can search more about these… Read more »
Megan
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Megan

Thank you so much Swati for your information, I have heard of unocoin and zebpay, I have registered with zebpay already.

Zsofia Elek
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Zsofia Elek

Hi Swati, thanks for sharing your insights about the Bitcoin market in India, this is very helphul. However please note I have removed the affiliate links from your comment as we do not allow that here.

Zsofia Elek
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Zsofia Elek

Hi Megan, not sure where you have come across with the 140 working days and 1% daily payout terms but seems like to me a HYIP. If you’re looking for sites that multiply your Bitcoins or give you exceptionally high yield on them (also known as HYIPs), I strongly suggest staying away from them as they are usually scams.

megan
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megan

Its USI-Tech and I was about to buy coins through zebpay, I have heard that its very good, if not can you please suggest me how to invest?

Zsofia Elek
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Zsofia Elek

Hi Megan, the topic of cryptocurrency investment is very tricky as there are couple of factors you should consider before investing, like the time frame, your risk attitude and your level of knowledge what are you investing in. As of now we cannot recommend any legit Bitcoin investment site.

NewBie
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NewBie

Many thanks to your helpful writting

Sbo
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Sbo

Hi; with me Buying and HOLDING BITCOIN and Bitcoin minning is working for me……I am happy so far !!!!!

Sumesh
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Sumesh

Which is the currency to invest in today for long term gains and how much time should I hold it.

Zsofia Elek
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Zsofia Elek

Hi Sumesh, the topic of cryptocurrency investments is really tricky, there is no canned answer for this question. It depends on a lot of factors, like your risk bearing attitude, your amount of money and the time horizon you are looking to invest in. You need to do a proper reasearch and make your own conclusion at the end.

INDIAN
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INDIAN

Bitcoin is a bogus thing waste of time. I suggest never think to earn money through shortcuts because your money making rich person more richer. You never know what system working behind bitcoin .Thinking about bitcoin is investment is waste of time waste of money. Hard work is best policy to earn . Don’t listen to bloggers bloody they don’t have any work to do They are useless people on planet.

Kiều Ngọc Khánh
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Kiều Ngọc Khánh

One like to you. I have same idea with you. In my country, a little people think that they can earn a lots of money via investment in bitcoin. But, I don’t see anyone in them become a rich people. Espesially, my Uncle who spend too much money in this one. But, He can’t receive any money only one dollar from this. At now, he becomes bankrupt (No house, no money, no every thing…etc). I advise guys, shouldn’t waste money and time in this one
Good luck!

long nguyen
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long nguyen
Hi there, I know for sure that your uncle didn’t buy btc on an exchange by himself and keep it in his btc mobile wallet, instead he gave his money to people that said they will invest his money in btc for him with interest pays out on a specific period. They did buy btc with all that money from those who trusted them. They took advantage and scammed him and a lot of other people then ran away. I also know that those scammers didn’t keep those btc until now or they will be millionaires. Just think about the… Read more »
Anonymous
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Anonymous

why are u here?

Mercedes
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Mercedes

Hi! i bought bitcoins at Coinbase for the first time to start to understand how this works. I bought them with my credit card, and found out the commission is almost 4%. How can i buy bitcoins without having to pay such a high commission?
thanks

ryan
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ryan

Hi I have just downloaded a wallet called bread and transferred some bitcoins into it can you then send it directly to poloniex or do you have to send it somewhere else first ? please advise

Zsofia Elek
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Zsofia Elek

Hi Ryan, I am not familiar with Bread wallet, however it must have a function to transfer bitcoins. When logging into Poloniex, go to Deposits and Withdrawals menu and you will see the Bitcoin address there where you have to transfers your coins to. You can read about it more, here:
https://poloniex.freshdesk.com/support/solutions/articles/1000166422-how-do-i-deposit-my-coins-

Bob
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Bob

is there a company that will trade bitcoin and stocks? I am in coinbase, but it only does cryptocurrency.

Thanks,

Robert

Tom Billion
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Tom Billion

Hargreaves Lansdown uk Registered Funds XTB bitcoin in euros and Kroner Deposit in sterling The only funds approved for pension sipps in the uk so tax free 25% of each drawdown Put £8000.00 of uncrystallised money in Take it away BTC ….

Tom Billion
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Tom Billion

PPS I’ve put the £8000.00 in Money were my mouth is !

Zsofia Elek
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Zsofia Elek

You can try Plus500, it trades a variety of assets, including Bitcoin and stocks. You can read more about trading with Bitcoin here: https://99bitcoins.com/bitcoin-trading-with-usd-using-paypal-or-a-credit-card/

Anonymous
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Anonymous

Thanks :)

Tinashe Chimwariro
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Tinashe Chimwariro

Good job

Ruslan
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Ruslan
Zsofia Elek
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Zsofia Elek

Hi Ruslan, If you’re looking for sites that multiply your Bitcoins or give you exceptionally high yield on them (also known as HYIPs), I strongly suggest staying away from them as they are usually scams. As of today there still isn’t a reliable Bitcoin investment sites that we can recommend.

mack
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mack

HYIP is allways a 100% scam . any second they shut down , Investing on HYIP is nothing but loosing

Baba
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Baba

I have been tranding bitcoins and other crypto currencies since half an year .. It has given me benifits .
My tip for day .. dont take too much risk and invest in safe coins .. like Bitcoin and Monero .

Lewis Fulkerson
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Lewis Fulkerson

You need to do your research again. I’m invested with a company that promises to double your bitcoin value every 90 days, and guess what? In the first 14 days I have almost 50% of what they promised. They are honest, and it is very easy to prove. Too bad so many people listen to skeptics like you and never find the way to increase their income and savings. Want to know more? Give me a shout at my email address below.

Coleen Applegate
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Coleen Applegate

interested…..what company are you with?

Zsofia Elek
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Zsofia Elek

Hi Coleen, we do not allow soliciting HYIP business in the comment section. I suggest you to stay away from these sites as they turn out to be scams and steal your money at the end. When in doubt, please use the Bitcoin Scam Test tool here: https://99bitcoins.com/bitcoin-scam-test/

Tvonne
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Tvonne

Is this a good investment for young people that really don’t have any experience with finances? They are working for $13 an hour and hoping to make much more with this type of investments. I’d hate to see them loose all their rent money

Milan
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Milan

Why on your email? Put the name of the company here in the open so anyone can research it and decide for them selves, or shut it.

Mike
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Mike
“1.Never invest more than you are willing/able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times. 2.After buying Bitcoins make sure to move them into your own personal wallet and never leave them at the exchange. My personal recommendation is to use a hardware wallet to store your Bitcoins. If you can’t afford a hardware wallet, try a paper wallet.” ____ As far as I’m concerned these two points contradict themselves. To wit: in my opinion, a person who “can’t afford a hardware wallet” (#2) that costs US$100 or… Read more »
Zsofia Elek
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Zsofia Elek

Good point Mike, indeed a hard wallet does not cost that much compared to the risk you are running if you keep your Bitcoins on an exchange.

Andoni Egurrola
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Andoni Egurrola

I’m beginning to learn more about BitCoins and this site helped me understand it way more and I’m thankful for that. My question to you is what is the safest and effective way to start making money with BitCoins, from what I read you do not suggest mining and those websites that promise to double them are most likely scammers. Just to conclude let’s say I have $2k ready to invest in BitCoins what would my best first step. I would love to hear a response from you, and I have watched the videos.

Thank you!

Zsofia Elek
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Zsofia Elek

Hi Andoni, thanks for the feedback, we are happy you find the videos useful. The topic of Bitcoin investments is really tricky. I suggest starting out by reading this post: https://99bitcoins.com/should-i-invest-in-bitcoin-heres-what-you-need-to-know/ about Bitcoin investments, it has couple of options.

Milan
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Milan

These comments are on that thread, she probably read it :)

Zsofia Elek
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Zsofia Elek

Indeed, I wanted to link another article, this one: https://99bitcoins.com/how-to-invest-in-bitcoins-benefits/. Thanks for spotting this!

Nasima
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Nasima

Many thanks Ofir, a few days ago i decided that i need to properly look into Bit coin investing but was not sure where to start getting information that is easy to understand. How fortunate i was to find your site today!. I will definitely go the video link and learn a bit more from your site. Then start investing hopefully soon.

Best regards

Zsofia Elek
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Zsofia Elek

Hi Nashima, thanks for the feedback, you could also sign up to the Crash Course on the front page, it should have a lot of useful information about Bitcoin.

Okechukwu Nnaji
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Okechukwu Nnaji

I really appreciate your site on this enlightenment on crytocurrency of which Bitcoin is one of them, of which i have learn t a lot about from you. We in Africa are beginning to know Bitcoin and we need more enlightenment. I want to invest in Bitcoin but i don’t know much of the processes involved and the genuine exchange’s to trust.

Lewis Fulkerson
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Lewis Fulkerson

See my post above. I will provide PROOF of the investments I do in Bitcoins.

ALISHA OROSCO
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ALISHA OROSCO

Please enlighten me

Sarvesh Gupta
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Sarvesh Gupta

At the time of starting of every scam, every person get more than what they expected and that is the only reason that they market the company and add so many innocent peoples. When company got the huge amount from their investors at that time they just shut down and ran away, its a general practice of such type of companies. Even in these companies the top most leaders who invest they also know that they have to earn huge money with in just 6 months after that the company get shut down and they switch to another company.

Anonymous
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Anonymous

its just speculation and nothing else so please do not try it to lose money

Zsofia Elek
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Zsofia Elek

Hi, thanks for the feedback, we are glad that you find the information useful on the site. You might find these articles interesting.
Here is an article about investing into Bitcoin: https://99bitcoins.com/should-i-invest-in-bitcoin-heres-what-you-need-to-know/. And another one about Bitcoin exchange reviews: https://99bitcoins.com/how-to-buy-bitcoin-with-a-credit-card/.

Sardeep Singh
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Sardeep Singh

Hello Sir,
Nice article for a newbie like me. You suggest to store bit coins in Hardware or paper wallet instead of keeping at exchange itself. I fail to understand it.

What I have to store? I am having an address only and number of bitcoins or bits are shown at the app of the exchange. What should I do? How to store them?

Please guide me through mail too.

Thanks with regards.

Zsofia Elek
Admin
Member
Zsofia Elek

Hey, here is a good article about wallets: https://99bitcoins.com/what-is-bitcoin-wallet-bwbt-3/. I also suggest to sign up to our Crash Course on the home page, that should have a lot of relevant information to you how Bitcoins and transfers work.

Mike
Guest
Member
Mike

Great write up however I have a few questions: I want to purchase bit coin and hold onto it with the notion of it going up in value, how safe is it once stored in these hardware wallets or paper wallets? Also how do you go about selling your bitcoins once you are ready to sell it all?

sanket palkar
Guest
Member
sanket palkar

i want to invest in cloud mining can you suggest any trusted website for cloud mining .

Zsofia Elek
Admin
Member
Zsofia Elek

Hey Sanket Palkar, unfortunately we cannot recommend any trusted cloud mining site, as most of these are Ponzi schemes that will steal your money on the long run. If you want to read more why we think so, here is an article for you https://99bitcoins.com/cloud-mining-profitable-just-evolution-scam/ from 99Bitcoins.

Karanpal Singh
Guest
Member
Karanpal Singh

i want to buy the bitcoin kindly help to me how to buy & how to double it???

John Bennett
Member
Member
John Bennett

I just started really looking into cryptocurrencies a few days ago. As you can imagine, I’ve been doing a lot of searches and clicking (sometimes nervously) on a lot of links. 99bitcoins has quickly become one of the sites I trust. Useful information, well presented, and a great resource for a cryptonoob.

I’m not ready to start investing in Bitcoins yet, but this article has gotten me thinking it could be part of my semi-retirement income strategy. Thanks for the information.

Zsofia Elek
Admin
Member
Zsofia Elek

Thanks John for your feedback. Keep reading on the site about Bitcoins. In case you have any questions, please feel free to let us know.

Christopher Ringgold
Guest
Member
Christopher Ringgold
Ofir, I cannot begin to thank you enough for what you are trying to do, you and your team. I feel that this crypto-currency is the wave of the future, the direction we are all, as a species, heading towards, and I think that with a little education, a person will be able to prevent ruining themselves financially. I, for one, am going to be promoting your site as well as your crash-course to anyone who will listen. You are providing a very much needed service to those willing to take the time to educate themselves, and for that you… Read more »
Zsofia Elek
Admin
Member
Zsofia Elek

Hey Christopher, thanks so much for your comment, we really really appreciate the feedback :) I’ll also be sure to let Ofir know about your efforts of promoting the site.

Zsofia (customer service 99Bitcoins)

fatie
Guest
Member
fatie

Hi Ofir.

Is it ok if I can get your email address? And secondly, I sour like to join, how can I?

Thank you

Zsofia Elek
Admin
Member
Zsofia Elek

Please use the contact form on the website and Ofir will get back to you.
You can use this link: https://99bitcoins.com/contact

Zsofia (customer support 99Bitcoins)

Jared
Guest
Member
Jared

OMG! I wish i would have bought in a cpl years ago when i first heard about bitcoin.
But also i was looking into using bitcoin as online currency, you can buy less than a whole bitcoin or no. Like i give you a dollar for a 50cent item and get 50 back or theres no change.?!

lawell
Member
Member
lawell

i have to admit this, this site (faucet) of yours is one of the best, just amazing, the support and services your provide are just great, keep it up and thank a lot.

Donald
Guest
Member
Donald

Well I be lost some good amount of bitcoins on all these hip sites,guess I learnt the hard way!thanks to your write up ,now I know better. Thanks Ofir.

Felix
Guest
Member
Felix

Last year I got my first bitcoin currency (0.00001 BTC actually) from you :). Since that time, I’ve bought some, invested, won, lost, bought an old miner, made a rig too and started mining… I can say I got hit pretty well by the digital money :)
Thanks for your articles and keep up the good work .
Felix

Akinduro
Guest
Member
Akinduro

Good one for the likes of us who are new in the game.

PM.Ravindran
Guest
Member
PM.Ravindran
Hi Offir, great article & my best wishes. However I am based in India & I donot have financial strength to attend the meet & meet you all great people there in person. Offir, I am a victim of Crypto X Change Australia, who looted my 90.33 BTC in 2013 7 vanished . Can you help me to get my bitcoins from them or the owner please ? I am willing to offer 10 Bitcoins as good will gesture to the person who will help me to get back my bitcoins. One more request, please convey my regards to Mr.… Read more »
sylvester
Guest
Member
sylvester

Hi Admin, nice write you’ve got up there. my question is simple, what website or websites can you recommend for bitcoin investment that nothing to do with referrals? plenty thanks

Jennifer
Guest
Member
Jennifer

first writeup that is helping me to understand the whole bitcoin thing…will keeping digging cos am yet to understand the whole bitcoin gist. THANKS FOR THIS

Wayne
Guest
Member
Wayne

Great Informative article for newbies like me. I have now gone with a Bitcoin hardware wallet (Ledger Nano S), which is a great piece of tech and safe for storing bitcoin offline. Also great advice not to ‘Bulk Buy’ bitcoin, but to buy gradually.

Thanks Ofir

Gozie
Guest
Member
Gozie

Nice information. I am a newbie and was about investing in bitcoin with the aim of joining one these online sites that pay 100% after a 30 day period when I stumbled on this article. I just had a rethink. ” Any site that promises you something that is too good to be true is probably just a facade for scammers trying to steal your coins.” Thanks once more for this wonderful article.

jay
Guest
Member
jay

yup..same with me..i almost invest or join their program..but thanks gad i found this article..now i just buy bitcoin for myself..

Leo
Guest
Member
Leo

Great info. You said it just the way it is…I will share this on my Facebook page..

Chesatochi
Guest
Member
Chesatochi

Hi Ofir,

The information you had provided have good value for a newcomer who thinks to invest in the currency. Also, with all my exchange on the forum BitcoinTalk, I come to the same conclusion that all the HYIP and cloud mining are scam, and better stay away from them.

I will share your article on twitter.

Best Regards,

wpDiscuz