Investing in Bitcoin is a tool for saving money.

Bitcoin is most often perceived as an option to make quick money on a rising rate.And often the strategy of hisuse comes down to playing on the cryptocurrency market: bought in the fall - sold in growth. However, a decentralized cryptocurrency can be regarded as a reliable investment in the long term.

Currently, the economies of all countries are experiencingnot the best of times. Experts everywhere note the depreciation of national currencies and the reduction of foreign exchange reserves. In addition, rates on bank deposits are constantly falling, and some European banks place deposits at a negative percentage.

The Russian economy also lacks stability, anda decrease in the key interest rate of the Central Bank led to a large-scale reduction in interest rates on deposits in both rubles and in foreign currency. In addition, a statement by Russian President Vladimir Putin on the introduction of a tax on bank interest made deposits an unattractive offer.

In addition, the situation is complicated by the fluctuationthe cost of oil, therefore, experts do not exclude that by the end of 2020, the ruble will drop in price and the dollar will reach 90-100 rubles. Therefore, savings in rubles cannot guarantee not only profit, but also protection of funds from inflation.

Against this background, bitcoin looks attractive toinvesting in the long run. The cryptocurrency created by Satoshi Nakamoto is not controlled by the financial regulators of any country, which makes it completely independent. At the same time, fears that cryptocurrency cannot be considered money contradict the economic theory that money has a number of functions.

You will be surprised, but all these functions are implemented in bitcoin:

• The measure of value– many goods and services in the global web have a value expressed in BTC (real estate, works of art, exclusive cars);
• Means of circulation and payment– the purchase operation for BTC does not take much time, and immediately after the funds are credited to the seller's wallet, the funds can bebe used at your own discretion;
• World moneyAccording to this indicator, bitcoin is the undisputed leader, since its owner avoidsthe need to exchange the national currency for another for settlements with foreign counterparties.For example, there is no need to exchange rubles for dollars to pay a supplier from Kazakhstan;
• Means of accumulation– Bitcoin can be accumulated by investing free funds in it, and, if necessary, converted into other instruments, for example, rubles, foreign currency or securities.

Thus, bitcoin is fully consistentall the characteristics of traditional money. However, unlike most national currencies, the amount of bitcoin cannot be unlimited. Almost any country in the world can afford to “launch a printing press” and put into circulation a money supply of any volume without providing it with anything. All this accelerates inflation and leads to the depreciation of money and the economic crisis.

The number of bitcoins is limited, new coinscreated by solving complex mathematical problems. It is impossible to artificially increase the mass of cryptocurrencies, so Bitcoin can be considered a deflationary monetary unit. This ensures that the value of the cryptocurrency is not subject to inflationary processes and will increase in the long term. For this reason, the funds invested in it can bring significant income.

Note that numerous statements thatcryptocurrency is a tool of the “shadow market”, not confirmed by statistics. The share of using this cryptocurrency in illegal operations is insignificant, much more criminal payments are made with the help of rubles and dollars. Fears of using bitcoin for investment because someone buys drugs for him are untenable. Every day from the news we learn about the detention of drug dealers who are seized hundreds of thousands of rubles, but this does not make us refuse to make payments in foreign currency.

We add that contrary to the prevailing and widespread belief, Bitcoin is by no means an anonymous currency, therefore, if necessary, the origin and movement of funds can be traced.

Features of investing in bitcoin

Planning an investment in Bitcoin is worthconsider that technically managing digital coins is a more complicated process than with fiat currencies. It requires attention when performing any operations. Mistakes made in indicating the address of the recipient cannot be corrected, as well as returning your coins.

Undoubtedly, in the future, a solution will surely be developed that will eliminate such things, for now, users should take this specificity into account.

According to many cryptanalysts havingextensive experience in traditional finance, today bitcoin as a means of saving is the most interesting financial instrument. It allows you to securely invest free cash, not only to protect against inflation, but also to make a profit.

How can I invest in BTC?

You can either buy cryptocurrency on the exchange or atexchanger, or do mining on your own equipment or in a cloud service (for most users, the best option is cloud mining).

• First wayThe best option for investing in cryptocurrency for 2020.There are quite a large number of services that are ready to provide computing power for rent.They can be used for cryptocurrency mining, but be careful, against the backdrop of the growing popularity of digital currency and mining, a large number of scammers have appeared, so you need to use only reliable and proven services.We have prepared for you a rating of the best cloud mining services relevant for 2020.
• Second way— buy bitcoin for real money,for example, on a cryptocurrency exchange, and then leave BTC for the long term or invest it in one of the selected coins. You can also use a crypto exchanger, but the commission there is usually a little higher, but in this case you can receive coins directly to a cold wallet (it is more reliable), without additional transfers.
• Third way— get cryptocurrency by mining on yourequipment, and after transferring it to the exchange, you can exchange it for any other. You can assemble a “farm” for mining at home. The minimum amount required to purchase equipment is several thousand dollars. Unfortunately, mining on your own equipment has lost its relevance in 2020 (the costs are not recouped).

After investing in any significantthe amount, it is better to send everything to a separate wallet - otherwise you run the risk of losing savings when hacking the exchange. Make sure that your storage does not have access to the Internet - it is safer.

Be prepared not to "drain" the investment in the next panic of the market. The biggest jackpot is thwarted by those who are ready for prolonged discomfort due to negative jumps in the course.

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