Bitcoin – How to Purchase?
Bitcoin – Should I Invest?
Bitcoin – Should I Invest?
Bitcoin is a relatively new virtual form of currency, with several key advantages over traditional forms of money.
Bitcoin is a new currency that was created in 2009, transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real identity.
Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins.
Several marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Mt. Gox is the largest bitcoin exchange.
Bitcoin can be a highly volatile currency, which is one of its biggest disadvantages and nowhere near universally accepted.
Bitcoin wallets can be lost, such as hacking, viruses, and simply forgetting your passcode to a bitcoin wallet. Entire bitcoin exchanges have been hacked, costing bitcoin owners millions of dollars. While there are safeguards to protect against most permanent losses, and the security features available to bitcoin users are continuously evolving, there’s still a very real risk.
There is a closed-in fund that trades Bitcoin (Bitcoin Investment Trust GBTC), however it trades at a 59 % premium to its NAV. That means by buying these funds, you’re paying more
than $1 for $1 worth of assets.
For further information visit Coindesk
You will find Bitcoin quotes along with detail information on how to buy.
Personally I have not venture into this type of investment , but provide this information only as an educational tool.
Daniel Iuculano AAMS CMFC
Accredited Asset Management Specialist
Chartered Mutual Fund Counselor
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