Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

War Profits
Revealing a Potential 33x
Opportunity in Defence




**Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
**By submitting your email address, you also sign up for Profit Hunter, a Free-for-life newsletter from Equitymaster,
which offers the most profitable investing ideas in India.


AD

How to Invest in Bitcoin

Bitcoin and cryptos are a sure short conversation starter for me these days. Everyone seems to be jumping on the bandwagon and are usually seen asking, ‘how to invest in bitcoin’.

People boast about all the money they made trading bitcoin, Ethereum, and their new-found love for cryptos.

So we thought why not explain how one can invest in bitcoin and other cryptos for that matter.

For buying bitcoin, the first step you need to do is open an account with a cryptocurrency exchange. Coinbase, Binance, etc. are some of the popular ones (we offer no recommendation; do your homework before you select one!).

Add funds to your account and place an order to buy bitcoin.

Please note that these orders will work as the same way as to how you invest in the stock market. The exchange you’re trading on will match your buy order and make the trade.

Once the trade is complete, the exchange will hold your bitcoin in a custodial wallet.

Now, before you get all excited and go ahead to buy cryptos, it won’t hurt to do a little bit of research.

After all, the way cryptos have performed in the past, it's important to understand what features the particular crypto or coin is know for and if it will sustain its durability.

As cryptos move to the mainstream media and (possibly) classify as an investment asset class, one must be wary because cryptos are currently unregulated.

If you are investing in cryptos, do that at your own risk. Crypto are more volatile than traditional asset classes like equities or gold for that matter. 30-40% price swings intraday are common.

Before you invest your hard earned money in cryptos, we recommend you take a look at Nithin Eapen’s CryptoMaster course. This should help you get started in the world of cryptos...

To end on a cautious note...Equitymaster’s take on cryptos is simple.

We don't get cryptos. Honest.

It's something that has caught our imagination, but we just can't figure out a way to value it. Fundamentally speaking.

Our "fundamental" take on cryptos is simple...It's in line with the approach anyone should have when dabbling in a space one does not understand.

Invest only what you can afford to lose. Nothing more.


I'm Calling the Bottom for Cryptos

Jul 20, 2022

Have crypto prices bottomed out? Find out...

The 4 Craziest Predictions about Cryptos

Jun 24, 2022

An investment like a Bitcoin should not be where you park your maximum savings. They should be the high risk-high return part of your overall corpus.

Crypto Crash Destroys US$ 830 bn

May 11, 2022

This is why crypto currencies are falling.

5 Buffett and Munger Quotes that Will Change Your Thinking

May 5, 2022

Here are the five key takeaways from Berkshire's latest AGM. These pearls of wisdom will change your thinking for good.

Is Bitcoin the New Gold?

Jan 19, 2022

Goldman Sach's latest research report states that the widely popular cryptocurrency has the potential to cross the US$ 100,000 mark in coming years.

Early Bitcoin Investor: Most Traders Lose Money

Nov 16, 2021

The creator of one of the world's first crypto indices weighs in on Bitcoin and what's next in the world of cryptos.

Rs 1 Lakh Invested in These Cryptos at the Start of 2021 Became Rs...

Oct 8, 2021

These cryptos would have multiplied investors' wealth by as much as 10,000% in just nine months.

Bitcoin Climbs Above US$32,000 as Elon Musk, Cathie Wood Come to Rescue

Jul 22, 2021

Bitcoin climbs 10% after Musk reveals holdings in SpaceX and his personal holdings in bitcoin, dogecoin and ethereum.

Why is Bullion so Volatile Now?

Jun 16, 2021

Why have gold and silver prices become volatile recently? Find out...

Cryptos Extend Selloff as Bitcoin Outflows Hit Record High

Jun 9, 2021

22,550 bitcoins left crypto exchanges on Monday the biggest single-day drain since November 2020.

10 Things to Know About the Vauld Debacle

Jul 7, 2022

Everything you need to know about the credit crisis at Vauld, a crypto startup.

Why Cryptos are Falling

Jun 22, 2022

Crypto markets are trading deep in the red. Read on to know why and when they can bounce back.

Crypto Crash: Crypto Markets Lose US$830 bn Within 6 Weeks

May 10, 2022

In the last 6 weeks, the crypto market has crashed 40% and is one of the top wealth destroying asset classes.

What Next for Bitcoin? Poll Suggests a 50% Crash

Jan 24, 2022

Rising interest rates have prompted investors to write-off their positions in riskier assets like cryptos.

Why Value Investors Hate Bitcoin

Dec 30, 2021

Have you wondered why value investors like Charlie Munger hate bitcoin? Find out...

Cryptos: Bitcoin and Ethereum are Trading Bullish

Oct 12, 2021

Should you go long on Bitcoin and Ethereum now?

All You Need to Know About Stablecoins

Jul 24, 2021

The market value of US dollar-backed stablecoins has jumped in the past year, surpassing US$100 bn in May, which has alarmed regulators.

3 Cryptos that Rose Over 50% in June 2021

Jul 1, 2021

A close look at top cryptos that gained the most in June 2021.

3 Cryptos to Learn About

Jun 15, 2021

A close look at 3 cryptos that have caught investors' fancy.

Crypto Craze Moves Beyond Bitcoin in May

Jun 1, 2021

A close look at the top crypto gainers and losers in May 2021.