Bitcoin gold
Earning from investments

Should I invest in Bitcoins?

Bitcoin digital chipShould I invest in Bitcoins? that is a good question that I want to cover in this article.

You may remember back in late 2017, when Bitcoin went up to high levels and then shot back down again. Cryptocurrency has been around for many years, but its only the past year or so that more and more people are finding about it. It is said to be an alternative to putting your money into banks, digital currency so to speak. But whether it will ever be a common place currency or not, I could not say.

Many banks and the current Bank of England Governor Mark Carney advises people to not invest into Bitcoin, simply because of how up and down it can be, even more volatile than stocks and shares. Now when I invested in 2017, it was just too late, I had made a £50 profit and all of a sudden it had dropped when it was said that the other currency Ethureum was a better and secure alternative. I had lost money, which was disappointing and it hit home just how really risky investing in bitcoin is. If you had invested in 2013, you would be very well off, if you had sold in late 2017 in the biggest boom ever, in its short history. It has not reached those high levels since then, although in the future you never know what may happen.

Fair enough if you want to invest a little money, having your eggs in more than one basket is a good idea. It could be a possibility that bitcoin may rise again, but don’t put money in that you cannot afford to lose. Keep researching and make a considered decision, if you want to invest. I am actually still signed up to coinbase, one of the popular sites where you can invest in digital currencies. This year they have now enabled deposits and withdrawals for UK bank accounts which is good.

So what exactly is bitcoin?

Technology called Blockchain is used, where everything can be seen by the public, which are the transactions. Computers communicate with each other to create the digital bitcoins. They can be paid for using real money and sold to pay for products/services that accept them. There is a process called mining, which creates the bitcoins, this can take various amounts of time, depending on the performance of your computer.

Bitcoins are stored in digital wallets, but you have to be careful because these can be deleted or they can be stolen. Once they are deleted or you can’t remember the password to the wallet, then they are gone forever. The great thing is that unlike the stock market in the UK, bitcoin and crypto markets are open all the time 24/7.

Earn online WA

History of Bitcoins

Bitcoin was first used in early 2009 and invented by a man called Satoshi Nakamoto. He wanted to bring out a digital currency that could one day replace our modern day coins and note currency. Where it would be more secure and couldn’t be forged. It wouldn’t require personal details to be handed over to banks. He saw bitcoin as a future currency fitting in with the digital age. But it has had mixed results from the very first transaction in January 2009.

In 2010, the cryptocurrency actually had a value associated with it. The famous first sale was completed, exchanging an incredible 10,000 bitcoins for two yummy pizzas. I bet he wishes he hadn’t of sold them, because at last years prices they would have been worth over a whopping $100 million.

2011 saw others trying to jump on the bandwagon and create other digital currencies like Namecoin and Litecoin, these are meant to be improved versions of Bitcoin. There are currently over a thousand others now in the competition.

2013 saw a big increase to $1000 per bitcoin, but it soon came right back down to earth to $300. Investors lost large amounts of money.

At the beginning of 2014, saw a large theft of Bitcoins from a bitcoin exchange called Mt.Gox. An incredible 850,000 coins were gone just like that and sadly have never been recovered. Because there were only a certain number of bitcoins in the whole world, this amount accounted for 10 per cent. There is still an investigation on the matter and at the time the coins were worth $450 million and last year would have been billions of dollars more in the boom. There is no doubt that Bitcoins became a big target for scams, because it was designed with no control in place.

2016 was almost Ethureums year, as it almost overtook Bitcoin. There are actually websites where you could invest in them. But Ethereum was eventually banned in China.

2017 saw a fantastic record-breaking year for Bitcoin, as it was beginning to be accepted more in the modern day world, with companies accepting them as payment for products/services. This obviously gave a massive rocket in value for cryptocurruncies in general from $11 billion to a massive $300 billion. Banks like Barclays and HSBC were very interested in working with Bitcoin.

Later on last year saw big drops in value of Bitcoin and it spooked many people investing in them. There are concerns over countries banning them because of them being not so secure and maybe other cryptos like Ethereum being better. It did recover and into 2018 it hasn’t got anywhere near the heights of 2017, currently at over 4000 dollars per bitcoin. The highest was December last year at $13,320 per bitcoin, so there has been large decreases this year but considering people thought bitcoin and cryptocurrencies in general wouldn’t take off, it still is high.

To conclude

Its talked about as a bubble, but who knows where bitcoin and cryptocurrencies are going in the future, way up or down. But take the time and research to decide with caution in mind, when looking to invest, it may have had its time. Maybe investing a little money is the sensible thing to do, because of the risk. It would be great if Bitcoin did go way up, but I would be wary investing large amounts even then.

Thank you for reading my article, please feel free to leave a comment below and I will reply back as soon as possible.

Sources: https://www.statista.com/statistics/326707/bitcoin-price-index/

https://www.forbes.com/sites/bernardmarr/2017/12/06/a-short-history-of-bitcoin-and-crypto-currency-everyone-should-read/

https://www.coindesk.com/information/what-is-bitcoin

Reviews

2018 Wealthy Affiliate Review – What is it like?

 Wealthy Affiliate 2018 review

Name: Wealthy Affiliate

Founders: Kyle & Carson

Launched: 2005

Website URL: www.wealthyaffiliate.com

Price:  Starter (free) Premium membership (first month is $19) (then $49 mth or $359/year)  

Ratings: 

Support:  5.0 out of 5.0

Training:  5.0 out of 5.0

Ease of use:  4.8 out of 5.0

Website builder:  4.9 out of 5.0

Keyword Research tool:  5.0 out of 5.0

Overall:      4.9 out of 5

 

There are affiliate links on this page, I earn a commission if you choose to sign up to Wealthy Affiliate. 

Today I am going to talk to you about Wealthy Affiliate. A platform that has been around for thirteen years now. It helps you to build your own blogging website and provides in depth training into affilate marketing, where you can earn through referring people to websites or get a commision from each product that you review and gets a sale through Amazon for example, also earning with online advertising. On WA it also combines a social media side, where you can get help from other members and connect up with so many interesting people.

Did you know that there are 3.75 billion people online and its growing year on year, that is a massive market to work with. 

For your website you want to pick a niche, this might seem daunting, but it can just be any topic of interest, it is easier in my opinion to do a niche that you have a passion in. Blogging needs to be done weekly or as much as you can on your website, so it needs to be on something that interests you, it can be anything from technology to pets, the choice is yours.

What I have come across on WA, is the saying “content is king”. This is very true, the key is to keep adding content, because over time your website will gain authority and trust with Google. It is the top pages of the search engine that you are wanting to aim for, once your articles get in the top 3 pages, then there will be a lot more website traffic and this is where you are in a stronger position to earning more. It won’t happen overnight, it’s going to take time. The more you add in a short time makes reaching that goal become a reality sooner.

WA memberships

So above are the membership options, if you choose to sign up, I am not pressurising you to sign up to premium. It’s great that you can sign up free, but the premium offers a lot for what you pay.

A detailed look at what is offered at Wealthy Affiliate

These are all offered permantely to premium members

Training

50 lessons of written and video content by Kyle. Live training videos are every week, usually lasting for an hour or two, topics like how to get your web posts found by google more quickly for example.

If you would like to promote Wealthy Affiliate and go down the making money niche, then there is the affialite bootcamp and there are 70 lessons on how to go about this.

==> To Get Started with the Up To Date and In Depth Training,

Click Here!

Social 

Live chat is available permanently 24/7 on premium, as well as a main dashboard where you can publish blog posts. You can ask questions and there is private messaging to other members, even to Kyle and Carson. The Sitecomments platform has recently been updated, where you can recieve comments on any website post of yours you wish and then earn a credit for each comment you provide to a persons post. Once you have given 50 comments out in a 30 day period, you earn 50 cents in cash for every two comments over 50, so thats pretty cool.

Website feedback

Website feedback is so important because people can give their honest opinions on what you need to improve on your website, as well as pointing out any good points. There is a thread where you can follow other members social media profiles to build up your followings, you follow them and they follow back.

Website builder

Site content platform allows you to produce your posts on WA with a spell checker and to add your own images. To build your website you use WordPress.

Keyword Research

You can use Jaaxy Pro which is of no extra cost with premium or the basic version that comes with being a free member, this will just give a snippet. Type in any keyword for an upcoming website article and itJaaxy keyword research tool will come up with statistics for how many searches it gets on the internet per month.

The key is to use what they call as a low hanging fruit word, something that doesn’t have too much competition. Competing against thousands of websites and really top ones in that field for certain keywords would be a challenging task, because of how big they are.

Help Centre

A help centre that can find answers to your question or you can contact Site Support and they will get back quite quickly. They have helped many people out.

Pros and Cons 🙂

Pros

  • Join up for free with 10 lessons
  • An amazing website builder
  • Extensive training
  • A social community available 24 hours a day, 7 days a week
  • Good value for money on Premium
  • Site support ready to assist you
  • Being able to use Jaaxy for keyword research

Cons

  • From the start it can be a bit overwhelming for newbies

The Wealthy Affiliate refferal program

At Wealthy Affiliate there is a very rewarding referall program. If you achieve 300 referalls to WA in a calender year, you have a free trip to Las Vegas to meet other members in January of that year and the founders at a private conference. Between the 1st september and 31st December you only have to make 100 referalls to WA. It would be a fantastic and out of this world experience, it really is possible to achieve the required referalls to go to Las Vegas.

Referrals WA

Sucess posts

We all like to know if people are making a success, does it all really work. So I wanted to show success stories from WA to prove that this isn’t a scam.

Jerry October update

Zarina progress

Here are some reviews of Wealthy Affiliate on a thread on the website by members. Including my comment, that is under Ekaye1.

Finally

I can say from my opinion that I have never found anything as good as Wealthy Affiliate. Remember for it to work, you have to put the time in and be patient, with a physical store you would have to put a lot more money in. There is no time scale to say when you will first make money, it varies depending on your circumstances. It could be 6 or 12 months, there have been others saying 18 months. Put realistic goals in place, this is no get rich quick scheme. I know there are many sites out there that are not legit.

If you sign up to a free account on WA, I will be your mentor and ready to answer any questions you may have. I want to assist and help you in anyway I can.

 

Thank you for reading my article, please feel free to leave me a comment below and I will reply back as soon as possible.