3 unique ways to invest in Bitcoin

Golden Finance News - When it comes to Bitcoin investment, it is not a complicated matter. Users buy Bitcoin and hope that the cryptocurrency will increase in value in the future.

Bitcoin is now widely accepted and can be used to pay for almost anything. Image source: Golden Finance

Most people use Bitcoin for three main purposes: buying, investing, and speculating. The first use cases for Bitcoin were trading Bitcoin to pay for a variety of materials, website hosting, logo design, and even a cup of cappuccino.

Today, Bitcoin is widely accepted and can be used to pay for almost anything, although not all places accept Bitcoin payments. In particular, Bitcoin is used by many criminals for shady transactions, gambling, purchasing illegal drugs, services, and more.

Most likely, these investors are waiting for a critical moment when Bitcoin mining will end completely.

Most people have three main purposes for Bitcoin: buying, investing, and speculating. Image source: Golden Finance

Speculators are similar to investors, who value immediate benefits. They will not wait for a few years for the price of Bitcoin to grow, but will try to profit from the recent rise and fall of the price of Bitcoin. However, there are other ways to use Bitcoin, and these methods do not even require users to have any Bitcoin to try.

——Financial trade

Most Bitcoin speculators place orders on an exchange. This is quite risky, as if an exchange is stolen, the user who has put their money there will go bankrupt. At the same time, Bitcoin speculation is more profitable when it is used as a margin, but unfortunately it is difficult to find a suitable local exchange, however there are many currency brokers and even binary options brokers that allow Bitcoin to be traded for major currencies. This means that users can store their money in dollars, euros or any other currency and profit from the decline or rise of the Bitcoin price.

Most Bitcoin speculators complete order processing on an exchange. Image source: Golden Finance

--poker

If you like a little excitement, you may find poker useful. However, until a few years ago, Bitcoin poker rooms did not exist. Today, it is possible to deposit Bitcoins into a poker room and use them as capital, and all earnings can be withdrawn in Bitcoins. This option is very convenient for some people who hold Bitcoins for investment purposes and would rather spend Bitcoins than use cash.

--loan

This option is more curious and useful for people who hold Bitcoin for investment purposes. While one expects its Bitcoin price to grow, this does not mean that Bitcoin cannot generate some passive income. A few years ago, the first Bitcoin online peer-to-peer lending companies appeared. Today, through these platforms, funds can be lent to many people, which may be able to earn up to 20%-25% additional returns per month.