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.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?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.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.bitcoin plus mining poolA few pointers for buying and holding Bitcoins: Bitcoin trading is different than buying and holding.bitcoin plus erfahrungenWhen 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.ethereal capture setup

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.Some people would like to invest their money into mining Bitcoin.bitcoin private key bruteFor the past few years mining Bitcoin is only profitable if done at large scales.ethereum identityThis means you will need to get expensive mining equipment and hopefully have access to free electricity.litecoin power costsAlso 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: If you want to learn more about my take on cloud mining read this post.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.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.About Latest Posts Latest posts by Ofir Beigel (see all) [Review] Changelly VS ShapeShift– The “Instant” Cryptocurrency exchanges “Bitcoin and Ethereum…both soon obsolete” – James Ricakrds | $2623.69 “Why Bitcoin Can’t Serve As A Currency” – Seeking Alpha | $2345.56LTCUSD Bitcoin Chart Litecoin / Dollar We can see that price reached 50.00 level and after reversal it dropped to 45.00 level.RSI confirmed price reversal.Now price is not far from the resistance level and buying from this level won't be a right decision.We have to wait for correction movement to the support level and Moving Averages with periods 20 and 50.If the market drops to these levels, we'll ... LTCUSD after high waiting for correcion LTCUSD found strong resistance so far and probed to be a good supply area.STO almost at over bought situation and FIBO EXT 1.618 target already reached.

recent up trendline broken.Potential short trade here.After high correction possible.Lets see what happens.:-) If Litecoin can hold above Fib retracement levels and stick to its current trend inside the pitchfork we could see another big bull run.With all the ETH and BTC FUD happening lately this could be a great entry before a possible moon mission.With the surging interest and prevalence of cryptocurrency in the news (ICOs, blogs, market discussions) it's not surprising to feel an urge to invest in or trade these currencies.It's a volatile market that engenders tunnel vision by speculators and investors alike when considering the potential ROIs they provide.While it's easy to imagine the disruption they ... This is why I think Litecoin will retrace back to the 35.5 level BEFORE continuing upward.There is historical price actions at 35.5 35.5 is the .5 Fib Retracement from the previous low to recent high.And finally: we have been hovering in a price range of $5.This is uncommon for Litecoin which usually sees more waves up and down in it's action.

Even the ... ETH is looking bearish & LTC has held up very well the last few days alongside BTC.Nice bounces off the support, good chance for a leg up prior to BTC drama going mainstream in the coming weeks if the volume increases Let me know your thoughts LTC is currently consolidating.One breakout attempt failed.Volume has decreased further, so we might be ready for the next level in the next days.Condition for takeoff: Need to see some volume increase on the way up.Could enter the trade on a dip or wait for the breakout.Looks like LTC could be forming a small ascending triangle or possibly a pennant.We will either see a rejection of LTC or it will make its next step up to a new plateau.I believe LTC will huge jump this years, Charlie Lee has been out coinbase for focus on Litecoin 1.Project mysterius Litecoin on 1 August : http://litecoin.mit.edu/ Watch 1 hour chart for breakout signals.Strong volume will push LTC to 10% upside.If it breaks all time high, 30% upside from last ATH The market reached 50.00 level and bounced with following down movement.

We have a bearish divergence between price and RSI and it's a reversal signal.Also RSI shows that the market is overbougth and opening short trades will be more logical.Sell below 41.20 with stop above the resistance level.Profit target should be at 34.00 level and the uptrend line.If the ... ...I think so.With ETHUSD getting rocked pretty hard yesterday with the GDAX Flash Crash, it would be safe to say some investors have pulled to the sidelines and are still licking their wounds.With that said, I could see ETHUSD retesting 350ish over the next or so and from their it gets dicey once again.This is why I'm currently looking at LTCUSD.Those ... I see the opportunity of LTCUSD to move down it probably move up a bit from now then it will change to short term down trend I already place tp and sl for this trade if you like my work please help to like and follow Thank you i was share that Private but now it free to see LTC Confirm for next level Close Daily if LTC Close Daily above 34.8671 Target= 52.0425 Close Above 52.0425 Target=68.8154 Close above=68.8154 Target= 85.9155 Close above =85.9155 Target=102.5244 Totally Gain 200 % We recommend Capital Management We ask Allaah to reconcile and ... Somebody asked me to comment on this chart so here's my view.