Bitcoin is an intangible virtual currency that can also be used as a means of payment for goods and services and as a means of investment. In recent years, there are people called virtual currency masters who have increased their assets with Bitcoin. Perhaps many people would like to start investing in virtual currency Bitcoin, considering their retirement assets. It’s now easy to invest and buy bitcoins because you can now buy bitcoins online with debit card instantly.
Is Virtual Currency Always Profitable?
The price of virtual currency fluctuates, so naturally the loss will increase if the value is lower than the price at the time of purchase. There is no guarantee that any investment, not just virtual currency, will be profitable, and on the contrary, it may suffer losses.
Therefore, when starting asset management with virtual currencies, do not invest the money allocated to living expenses and mortgages. However, since you can invest from 100 yen or 1,000 yen.
What you need for virtual currency trading
What you need for virtual currency transactions is an environment that can connect to the Internet, a computer (a smart phone or tablet is possible), a wallet and a bank account.
A wallet is like a safe deposit box for virtual currency.
In addition, when starting virtual currency trading, it is essential to open an account on the virtual currency exchange. A virtual currency exchange is a place where you can buy and sell virtual currency, and you can trade when the account opening procedure is completed. First of all, let’s prepare the communication environment and the terminal used for transactions necessary for virtual currency transactions.
Virtual currency investment is relatively easy and can start from a small amount. Of course, it does not always make a profit, but it will be easier for beginners to invest. Therefore, even for beginners in virtual currency and asset management, the principal amount of 100,000 yen or 500,000 yen could be increased to 10 million yen or 100 million yen. The image of a so-called virtual currency master is probably strong. If you are interested, why not check out the virtual currency stock you are interested in?
If you want to start virtual currency trading, why not start with Rakuten Wallet, where you can open an account? Even first-time users can easily open an account and we are also holding a profitable campaign. Check the site for more details. The auto trading bot bitcoin evolution is one of best software for making money from the bitcoin currency.
What is Altcoin?
Alt coins that can be bought and sold not only for purchasing goods and services but also for investment. Altcoin is a term other than bitcoin among virtual currencies, and it is considered that there are more than 2,000 kinds in the world. Each has different characteristics from Bitcoin, such as being used for system development and remittance. Here, for those who are new to virtual currency, let us introduce the mechanism of virtual currency, the features of Altcoin, and the stocks that can be purchased in Japan.
Difference from Bitcoin
Here, we will introduce the difference between Altcoin and Bitcoin in an easy-to-understand manner.
・Functions and uses are different
Bitcoin was developed as a payment currency that anyone in the world can use freely. However, although Mona coins such as Ethereum can also be used as payment currencies.
・Market size is smaller than Bitcoin
The market size is smaller than Bitcoin, and the price per currency tends to be low. Although Ethereum, which is in the top 5 in terms of market capitalization, is 10,000 yen or more, there is no Altcoin in millions like Bitcoin (as of February 5, 2020).
On the other hand, we can expect the future expansion of the market size, and some Altcoins have larger price fluctuations than Bitcoin, so it is an attractive investment target.
If you try to mine by yourself, you will have to pay for machine, electricity and communication costs, but with cloud mining you can start from the 1,000 yen range without the need for capital investment. If you want to start mining as a side business or asset management, why not consider the cloud mining service introduced this time.