What to Buy in 2020 to Make Money with Bitcoin (Buy Bitcoin Now)

What to buy in 2020 to make money with Bitcoin Editor’s note: This article is from William Talk (ID: William1913), Author: Chen William, authorized to be reproduced by Odaily Planet Daily.

2020 is a memorable year for Bitcoin. What to buy in 2020 to make money with Bitcoin? In 2019, more and more people started investing in Bitcoin. At the beginning of 2019, the price of Bitcoin was less than $1,000. At the end of 2019, it started to rise by nearly 200%, but on the last day of the year, it dropped back to around $2,000! It seems that all of this has just begun-what to buy in 2020 to make money with Bitcoin. If you want to bring surprises and profits to investors, you need to pay attention to one question:

1. Why choose to buy Bitcoin in 2020 to make money? Many people may not know this question, or they think it is a “bull market”. In fact, let’s first review last year’s bear market situation: the low point of 2018 was in March. This year’s bull market means that the entire market is in a volatile state throughout the year, and many friends are in a hurry. Because everyone knows that many people lost money in the first half of this year, so most of the time is basically in a state of loss.

So when is the best time to sell? And what to buy in 2020 to make money with Bitcoin?

1. What to do after buying Bitcoin? In general, you first need to determine your risk preference. If you are not familiar with cryptocurrency investment knowledge, it is recommended not to participate blindly, especially for beginners. If you know a lot about digital currency and have some technical analysis background or professional experience, you are welcome to try. 2. How to obtain income? There are currently two profit methods in the market: 1. Arbitrage through the capital management tools of the exchange; 2. Use loan products. The simplest one is to directly lend money to others, such as a bank. Then use a combination of various financial products to mine with leverage. This financial derivative is also suitable for big players. However, some high-frequency futures contracts have major defects, making it difficult for users to profit. Therefore, you can deposit these leverage funds on the platform to continuously improve your asset allocation ability and extract profits from it. 3. Use long strategies. When there is a liquidation, you can find the best way to hedge losses in the secondary market. (Of course, there are many small tricks that will help you control your funds) 4. Decentralized trading models will help you reduce risks, attract more users to participate in DeFi, and provide users with a better value storage experience. 5. When investing in Bitcoin, you must choose the direction carefully in order to hold it long-term. 6. The most important thing in investment is to remember every step and every step has detailed regulations. 7. You can lay out in advance at any time. Do not speculate on the price fluctuations of a certain project at will. 8. Only by doing this can you avoid being exploited by hackers, otherwise, you will be easily attacked. 9. Investment is always cyclical. In addition to the above two factors, there is no need to worry. Once potential risks are discovered, you should stop loss in time.

Buy Bitcoin Now

Buying Bitcoin now can bring substantial returns from any perspective. Because the mainstream coins and altcoins on the market are currently falling, this indicates that investors must take risk control measures in advance if they want to seize opportunities. Therefore, it is recommended not to easily get off the car when the market fluctuates significantly, but to choose to participate through formal channels.

First, buy fiat currency, which is a common practice in traditional finance. If you have cash or digital currency in your hands, you can deposit your account with legal tender such as USD, and then borrow funds through a bank or directly engage in financial management and other operations. When the asset price drops to a certain level, then enter the crypto world, and you don’t need to worry about losing too much money; but if you don’t have enough fiat currency in your hand, you cannot guarantee the security of your investment. Second, buy stocks, funds, and commodities to profit (such as gold) and use leverage long position contracts to trade without going through any risk control processes, which will make the loss insignificant.

The third is to buy other investment products to hedge capital risks. For some high-net-worth individuals, the return on investment is often higher than the low point, especially for those who have just entered this field, and they often make a lot of money in these years.

The fourth is to hold Bitcoin and enjoy returns. Although most people may use part of their wealth for long-term holding, some people cannot make a profit at some point, and this situation also causes many people to start selling Bitcoin. Of course, there are also many people who are willing to accept this method. For example, institutions like MicroStrategy are considering buying more BTC to increase their allocation ratio. Therefore, we should be aware of this and also realize that investing in digital tokens is not as simple as investing all the money into it and making money. This is what I call the “bull market cycle”.

The fifth thing we need to pay attention to is that because the blockchain technology itself has decentralized and programmable characteristics, it makes it easier for people to create and manage assets and services on the network, providing users with faster, cheaper transaction experience and better services. Bitcoin, as a new ecosystem, is considered an important infrastructure and one of the important reasons to promote global market growth. As more and more traditional companies adopt digital tokens to expand their business scope, more large enterprises are expected to join this industry to establish new sources of income and further promote this process.