Buy Bitcoins Crypto currency as a long term investment in English

Lets Learn about how you can buy the popular Cryptocurrency bitcoins ( BTC ) using Paypal, Skrill, Neteller, Skrill or Credit Card online in English. ( If you are looking for a sinhala guidence. Please click here : Bitcoins in Sinhala )

What is Bitcoin ( BTC )

Bitcoin is a Crypto Currency. It means that the currency is not controlled by a country or an individual but a coin that is generated by solving mathematical formula in a process called mining which gets hard and harder each time ( You also can do mining but it does need a higher investment for equipment and you will need to bare heavy electricity cost unless you are in a country with a low electricity fee or you have a method of getting low electricity ). Currently bitcoin is accepted by many online retailers as well as businesses world wide including prominent multi international companies. 

Who Accepts Bitcoin as a payment

Microsoft, Stripe, Shopify, Namecheap, Namesilo, Bloomberg, WordPress, Virgin Galactic, Dell are some of the major companies that accepts Bitcoins online. Also it is heavily accepted by retailers in Japan. Currently over 100,000 shops in Japan accepts Bitcoin based payments for services and products. So you do not need to get worried ! It will grow though we see a price corrections time to time with bitcoins.

Why I need to buy bitcoins 

If you knew about the future and past of the bitcoin. For sure you will be kicking yourself for the delay in getting in to bitcoins and purchasing them. Look at the approximate pricing of the Bitcoins ( BTC ) :

2009 - $0
2010 - $ 0.01
2013 - $13.30
2014 - $770.44
2015 - $313.92
2016 - $434.46
2017 - $2562

If you had bought $1000 worth of bitcoins prior to 2013, you would have already become a multi millionaire  😎 

So that is past, what could we do now ?

If you are a person who can make investment but take a bit of risk. then you need to buy and keep bitcoins as a long term investment. Reason for saying "risk" is that any investment does have a risk. Even if you start a business with an investment. Anything is possible with any investment right ? Anyway the risk factor is less considering the other crypto currencies and as a long term 5-10 years investment. If you are planning to buy and sell immediately this may not be the ideal investment for you.   😎 

Why Some are selling bitcoins ? Why Don't they keep bitcoins ?

If some one has bought it before 2016. They will be making a huge income by selling at this moment. Most will be selling only a portion while keeping the rest with them. Other seller are generally bitcoin miners ( You can do it too like I told previously but it will be not cost effective with investment required and monthly electricity costs )  😀 

What is a Bitcoin Wallet 

We keep our money in banks right ? Bitcoin is a virtual currency, therefore it needs to be stored in a similer place called Bitcoin Wallet. Once you create a bitcoin wallet, You will get an account address ( not account ID ) each time to receive bitcoins. It will be something like below bitcoin address.
eg: 1MwN85No8hnpjm32gRCREHYU21d1aTsD2d

Let's make a Bitcoin Wallet !

Let's a make bitcoin wallet using Blockchain.info which is the best place to keep your bitcoins ( We will learn about, how you can buy bitcoins at the latter part of the article )

Go to Blockchain.info and sign up with your email and a password

Once you register, you will get a window just like below one.  Also you will get a confirmation email to your email account.  In the email, click "Yes, This Is My Email" to confirm that it is your email. Also at the bottom of the email, you will see "Your Wallet ID: #########". Keep this ID in a safe place. don't give this to anyone else ( This is your ID not the bitcoin address to receive payments. ). You can login using this ID with your password to your account. 

On the left side of your account. You will see a link called "Security Center".  Using this link make your account more secure by adding phone number, 2factor authentication etc.

"REQUEST" You can see your bitcoin address here. You can give this address to ask payments from any other bitcoin holder or seller.  Always  copy/paste the bitcoin address and use because if you make a mistake, the transactions cannot be reversed. So keep that in mind always guys.  ( For security reasons the bitcoin address for you will change after every transaction but still old addresses will work without any issue. So always better to use the newly generated address in your wallet )

"SEND"  - Using this button you can send bitcoins from your wallet to any other bitcoin address.

From where Am I going to get bitcoins ? 😯