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2 Ways Investors Like You Can Profit From Bitcoin
1000, 2000, 3000, and higher returns are common in the emerging cryptocurrency market. Just last week, a trader posted screen shots showing him turning a $380 speculative bet into over $1 million in less than an hour. While this was a one-in-a-billion stroke of luck, other truly massive longer-term returns are easier to obtain and are making many investors wealthy.
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And now there is a way for stock market investors like you to participate in this crazy market without leaving the comfort of your existing broker.
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Once thought of as the province of hackers, cyber-pirates, and radical libertarians, cybercurrencies are quickly moving into the mainstream. Names like Bitcoin, Etherium, and Ripple are being bandied about, not only on the internet and financial press, but by major banks and financial institutions as they explore ways of utilizing these borderless forms of money.
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Cryptocurrency is a catchall term that refers to digital or virtual means of exchanging or storing money. Cryptocurrency functions under a decentralized model, meaning that it does not require a central bank or government entity to create or regulate it.
Instead, it is self-governing via a system known as the blockchain, which is a public ledger of every transaction ever conducted in chronological order. Every user downloads the ledger, creating full transparency that helps to reduce fraud. Transfers are carried out via private and public keys for security.
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