About 18 months ago the bitcoin price was way above 19400 dollars. It did rise fast but at the same time in a short period of time it came down very sharply. Those who read the charts correctly and understood the price action did well with high profits ( well all those who bought at high prices did suffer but if you manage to hold on to them, losses may have minimized.)
Well the good news is that the bitcoin has started rising again. The price is around $8696 at the moment ( You can use a site like Coingecko to learn about crypto currency prices from Sri lanka or worldwide ). So those who bought at lower rates are once again making profits. Try to read and understand the forex and btc charts so that you can get a better idea about price movement in bitcin. When the price is low, you can buy bitcoins from sites like Paxful , Localbitcoins or Coinmama ( local cards may not work so use alternative methods )
Altcoin prices seems to be low compared to btc. Ethereum – ETH ( $275 ) , Ripple – XRP ( $0.44) Litecoin – LTC ( $112 ). So you can buy at a lesser risk ( compared to btc ) from a site like Changer or Bittrex ( These are mainly exchanging market or trading market places. So you will need btc in order to get any other altcoin )
Well trading or buying crypto involves risk. So it may not be suitable at all for those are are not able to take a risk. ( if you are in debt or finds difficulty in making day to day expenses. This is strictly not for you mate. )
Prathilaba May 30th, 2019
අවුරුදු එකහමාරකට උඩදී ගේ වෙනකොට $19400 වෙනකන් බිට්කොයීන් මිල වැඩිවුනත් පසුව විශාල වශයෙන් අඩුවුණා. ඒ වෙලාවේ වැඩි වීමෙන් විශාල ලාභ ගත්තු අය හිටියා. ඒවගේම විශාල ලෙස අඩු වීමේදී පාඩු වුන අයත් හිටියා ( ඉහලම මිල ගණන් වලදී ගත්තු අයට තමයි මේ ගැටලුව වුනේ. ) .
නුමුත් දැන් අයෙත් $8696 වගේ වෙනකන් වැඩි වෙලා තියෙනවා ( Coingecko වෙබ් අඩවියෙන් පහසුවෙන් ඔයාට crypto currency මිල ගන්නන් බලාගන්න පුළුවන් ). ඉතින් අඩු වුන වෙලේ අරන් තියා ගත්ත අයට යලි වාසියක් අත්වුණා. ෆොරෙක්ස් චර්ට් වගේම btc චර්ට් ඒවත් බලලා අවධානමක් ගන්න පුළුවන් අයට අඩු වෙන වෙලාවට ටික ටික අරන් තියා ගන්න පුළුවන්. Paxful හෝ Localbitcoins හෝ Coinmama වගේ වෙබ් අඩවි වලින් ගන්න පුළුවන් ( ලංකාවේ කාර්ඩ් වලින් නම් බොහෝ වෙලාවට crypto currency ගන්න බෑ . වෙනත් රටක ඉන්නවා නම් ඔයාට පහසුවෙන් එරට ඔයාගේ කාර්ඩ් පතෙන් ගන්න පුළුවන් )
Altcoins වන Ethereum – ETH ( $275 ) , Ripple – XRP ( $0.44) Litecoin – LTC ( $112 ) වගේ ඒවා නම් සාපේක්ෂව මිල අඩුයි තවමත්. ඉත්න් ඒවගේ altcoins වගේ ලොකු අවදානමක් නැතුව අරගන්න පුළුවන්. Changer හෝ Bittrex වෙබ් අඩවියකින් ඔයාට Bitcoin ( btc ) දීලා altcoins ගන්න පුළුවන්. 🙂
මේ හැම දෙයක් තුලම අඩු වැඩි වශයෙන් අවධානම තිබෙනවා.එමනිසා අවධානමක් ගත හැකි මුදල් පමණක් Cryptocurrency වලට යොදවන්න. අමාරුවෙන් ජිවත් වෙනවා නම් දැනටමත් ණය වල හිර වෙලා නම් මේවා ඔබට සුදුසු නොවෙන්න පුළුවන්. 😉
Prathilaba May 30th, 2019
The mother of cryptocurrency Bitcoin reaches pass the $7000 barrier for the first time within the first week of November 2017. It may drop down significantly at anytime ( this is generally the way it has moved up ) but the trend is upwards and possibly towards $10,000. We recommended you to buy btcoin while it was around $2500. Now the price has gone up more than twice of it. So you can sell some of the bitcoins and enjoy the cash ( if you have a smaller quantity. better to keep it for several more years guys ! ). Wait for a pullback in price to buy BTC again. Meantime time try to invest in low cost altcoins where the price has gone down a bit due to rise in Bitcoin price.
ක්රිප්ටෝ ලොව මව්තුමිය වූ Bitcoin එක අද වෙනකොට $7000 කඩ ඉම පසු කර යෑමට සමත් වෙලා තියෙනවා. සාමානයෙන් ට්රෙන්ඩ් එක මුලිකව තියෙන්නේ වැඩිවීමක් වුවත් ඕනෙම වෙලාවක අඩු වීම් සමග නැවත විශාල වැඩිවීම අපේක්ෂා කරන්න පුළුවන්. ඉතින් මේ වෙලාවේ අඩුවීමකින් පසුව ගන්න එක වඩාත් හොදයි. මේ කාලය ඇත්තටම හොදම විශාල ලෙස අඩු වෙලා තියෙන altcoin ගැනීම. ඔන්න අපි bitcoin ගන්න කිව්වේ $2500 වගේ තියෙද්දී. ගත්ත අය අද වෙනකොට ඒක දෙගුණයකින් වැඩි කරගෙන තියෙනවා ! අවදානම අඩු කරගන්න ඕන අයට පුළුවන් ලාබයෙන් ටිකක් විකුණලා දාන්න ඊත් පොඩි ගානක් නං ඔයා ගාව තියෙන්නේ ඕක ඔහොම තියාගෙන ඉන්න තව අවුරුදු කීපයක්.
Prathilaba November 3rd, 2017
Bitcoins ! The most talked and most debated currency in this decade has gone past $4000 mark. We may see several corrections prior to Bitcoin goes further up most probably. So basically those who invested when the price dropped to $2500 - $1800 odd rate are now enjoying a high scale return on investment. Several factors did made the price drop to $1800 after it almost reached $3000. Mainly it was due to uncertainty fueled by segwit2 and also due to certain government activities worldwide. The main reason for the recent bullish beheviour of bitcoin crypto currency can be seen due to two main facts. One is the finalization of Segwit2 with the break away group Bitcoin Cash and popping up of many alt crypto currencies ( ICO ) worldwide. So in order to fund most of the ICO projects, the traders do need BTC. Therefore traders entering in to Bitcoin world has risen ( So this is why you need to be bit cautious and you need to expect small to large scale corrections time to time. Just hold on to the bitcoins you bought, don't sell it at such price adjustments ! ).
So in general best thing is to buy and keep as much bitcoins as possible as a long time investment when prices drops time to time. If you plan to just buy and sell when price starts to go against you, then please stay away from Bitcoins or any alt coins mate ! This is only for the guys who likes to take a long term approach ! So if you are interested in buying bitcoins then you can read "How to buy bitcoins using Credit/Debit Card, Neteller, Paypal or Skrill online" article.
Prathilaba August 14th, 2017
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 )
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.
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.
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. 😎
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 ) 😀
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.
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 )
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.
A bitcoin will cost around $2500. So those who are not able afford that much can buy $10, $100, $200, $500etc worth of bitcoins now. For example if you buy $100 worth of bitcoins. You will get aprox. around 0.04BTC. So we can purchase bitcoins in several ways as below.
Easiest way is to buy it using Paypal, Neteller, Skrill or Payza using Bitcoin market as below websites. Ideal for small quantities and faster processing. Always make sure the seller has a positive rating. Also make sure the seller does not ask your personnel details & card details ( Seller may ask like screenshot of last three or five transaction in Paypal, Neteller, Skrill or Payza etc which is fine ) as it is a market. Always buy from positive rated sellers with less identity verification requests.
If you want to buy using your credit card. You can use the below website. It is cheaper too compared to above method ( It has a minimum transaction limit unlike Paxful where you can even buy $5 worth of bitcoins ).
Always make sure to transfer the bitcoins you buy from that website to your wallet in blockchain.info for safety.
Futurenet You can get your earning from rev-share website as bitcoins too.
You can exchange Payeer or other crypto currencies ( alt coins ) with bitcoins from below bitcoin exchanger.
Buy and keep as much as possible with a 5-10 year plan. If you are thinking of buying and selling due to current movements in market. Then avoid buying. This is good only as a long term investment as your target should be higher price. 🙂
Also read these articles too
Prathilaba July 11th, 2017