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Best Bitcoin Investment Strategies

investing in bitcoin online

The Rise of Bitcoin

People didn’t see Bitcoin coming: the idea seemingly came out of nowhere from “Satoshi Nakamoto” (we still don’t know for sure who that was!).

When people did hear about it, they generally ignored it. It was easy to earn (you could run the software on a laptop and generate coins), but it was technical, and the values of each Bitcoin were tiny. It felt like a “toy” currency.

Later on, it became synonymous with dodgy dealings, thanks to “Silk Road”, a digital black-market platform that was popular for hosting money laundering activities and illegal drug transactions (closed in 2013 by the FBI). Early on, there weren’t even exchanges: to buy and sell crypto in the UK, you had to go to a vape shop near Kings Cross station! Even early adopters had no idea of what Bitcoin would become, though they dreamed of it one day becoming a legitimate currency.

In the next few years, Bitcoin would get increasingly more respectable. The industry went from cancelling people’s bank accounts if they even sent money to a cryptocurrency exchange, to offering crypto on PayPal and through reputable financial establishments.

Nowadays, Bitcoin is getting more and more respectable, even if its tendency to change value very quickly hasn’t diminished over the years.

Handling this “volatility” is one of the keys to understanding Bitcoin and establishing an effective Bitcoin investment strategy: we’ll talk later about that.

For now, whenever you buy Bitcoin (or any cryptocurrency), there will probably be times that it’s worth less than you paid. And there might be times when it’s worth more than you paid, even if you did succumb to FOMO (“fear of missing out”) and buy at the top of the market.

How to Invest in Bitcoin

So, how would you start investing in Bitcoin? Well, buying some and storing it safely is a good start: you need to look for reliable companies that use hardened bank-grade security to protect wallets.

One great place to do that is GCISL. Even while Bitcoin is riding the financial rollercoaster, you can earn more of it every day, guaranteed (even during a downturn).

Sign up and Open an GCISL account

A journey starts with a single step and opening an GCISL account is the beginning of this journey.

Fund your account

The key to earning interest is having funds to earn interest on, alas, and this is the point where you send funds to GCISL to invest on your behalf.

You have three options for getting funds into GCISL.

  1. Send in your existing Bitcoin. GCISL will provide you with a wallet address to send your Bitcoin to, and this needs to be entered into your Bitcoin wallet or at the exchange.
  2. GBP/EUR bank transfers, like any other bank transfer. The most important thing to remember about this method of payment is that the bank account needs to be in the same name as the name of the GCISL account holder. This restriction is common across the reputable industry. Once you’ve sent your funds in, GCISL can convert them to Bitcoin for you fee-free and at a great exchange rate, but you control the timing.
  3. Debit card purchase using Transak.Tthird-party fees apply and the Bitcoin stashed straight into your GCISL account without any further fuss.

Invest in Bitcoin

To start earning interest in GCISL, press the “invest and earn” button and commit funds. If you don’t do that, then you’re using GCISL as a wallet!

Once you press the button, you have the choice of 6 Yield plans to choose from.

Watch your investment grow

GCISL’s interest is added every day, but you can see it mounting up in real-time. There’s something addictive about seeing your wealth go up in real-time to 15 decimal places!

Is Bitcoin a Good Investment?

In many ways, that’s the wrong question to ask. The big question is: is Bitcoin a genuine investment, and is it right for you?

Bitcoin’s history says yes. There’s a long-term upward trend (with a lot of volatility at shorter time periods, of course). There’s increased usage and availability of Bitcoin, as well as an acceptance worldwide that as a concept, it’s acceptable. It’s survived wars, fear, uncertainty and doubt and always sprung back. And, its inner workings are transparent, which is more than you can say for the stock market or investment brokers!

Bitcoin is also a liquid investment – that is, you can buy and sell it easily in a market that isn’t dominated by a few large players (called “whales”). If you have a million pounds of Bitcoin to sell… well, go for it.

Pros and Cons of Bitcoin Investing

Having established that by investing in Bitcoin you’re not throwing your money down a toilet, what are the pros and cons of investing in it?

Pros:

  • Bitcoin can be bought in small quantities from reputable sources, so it’s an easy way to enter the crypto market without bringing your house down.
  • The potential for long-term gains is amazing, especially if you buy at the bottom of a market.
  • It gives you something to talk about at parties.

Cons:

  • Bitcoin is volatile, though the hope is that one day it will be less so. The day-to-day volatility makes picking an entry point psychologically difficult. That volatility is also one of the reasons why yields on Bitcoin can be bigger than traditional finance.
  • The price variation from day to day is emotionally quite difficult unless you simply switch off from worrying about it and regard it as a long-term investment.
  • Working out tax on a Bitcoin investment can be a bit harder because Bitcoin is treated by some tax authorities as “property”, not currency – though this isn’t much different to the way stocks and shares are treated. But it does mean that you have to keep an eye on the rules..
  • Talking about Bitcoin at parties often results in uninteresting conversations about Bitcoin and yachts. Avoid!

Tips for Investing in Bitcoin

Understand Risk Tolerance

Cryptocurrency is classified as a high-risk investment. Bitcoin is at the conservative end of that assessment, of course: it’s the biggest, most stable cryptocurrency and it’s not going anywhere.

Where on the spectrum are you between “risk-averse” and “risk-tolerant”? If you’re reading articles like this, it’s a fair bet you’re not a conservative investor, but you should never invest anything you can’t afford to lose.

Having said that, Bitcoin at least has shown a long-term upward trend. It’s increasingly difficult to “mine”, and there’s a fixed number of coins that will ever exist, so that bit was built in.

The emphasis here is on “long-term”, of course. If you’re willing to be patient, you can turn a high-risk investment into a medium-risk one, because you can choose when to exit and (hopefully) turn a profit.

Of course, it helps if your assets are working for you during that time, like they would be at GCISL, earning yield.

Start Small (it’s easy with GCISL!)

One of the nice things about crypto, compared with traditional finance, is that it’s a lot easier to get started, and it operates 24/7.

If you don’t have big lump sums (and let’s face it, who does these days?), then small but regular investing is the best option, and also takes advantage of what they call “Dollar Cost Averaging”: where you’re buying small amounts regularly at different prices, which evens out your overall risk.

GCISL’s minimum deposit is only 500 USD, so you can start reasonably small and build from there.

Security

It’s probably best to mention that GCISL also has a safety-first approach to risk and reward, which ensures long-term viability in a necessarily volatile market. GCISL uses its expertise to navigate the decentralised finance markets so you don’t have to, and you share in those rewards.

We also use bank-grade security to protect your deposits. Which is good to know.

Join for free today to start your Bitcoin investment journey!