Where is it profitable to buy bitcoin


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Similar to any speculative investment, buying bitcoin carries some well-known risks: The price could drop precipitously and a single online hacking or crashed hard drive incident can wipe out your stash of bitcoin with no recourse. Bitcoin has seen dramatic run-ups in price followed by some painful crashes but has consistently retained a significant portion of its previous gains every time it plummets.

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Since its inception, Bitcoin was the 1st digital asset to beget the current ecosystem of cryptos. For quite a while, it grew an underground following of investors who saw its future as a possible replacement to the physical monetary system.

The decision to invest in bitcoin comes down to your appetite for risk.

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Investing in bitcoin is similar to investing in stocks, but it is far more volatile due to the daily swings in bitcoin. Here are the steps to invest in bitcoin: Open a brokerage account with a company that allows crypto investments. Deposit funds into your brokerage account.

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Buy BTC. Later sell the crypto for a gain or loss.

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Here are some top brokerages to invest in bitcoin.