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Covid19 Global Lockdown. Is this the perfect time to invest?

Ever since the governments across the worlds announced the lockdown, the market has been witnessing high volatility. No one is able to predict the market it seems. However, many predict that these times are once in a lifetime moments if you are into investing and trading. Some even argue that the crash which is happening right now is far beyond the one happened in the 2008 financial crisis. So the question is is this the perfect time we were looking for to invest in the market?

 Is this the right time to enter the market?

To be frank, obviously yes! Although the market is set to witness a further crash in the upcoming days, eventually it is ought to revive back. The crash which is going on is due to the inaction in the production and manufacturing industry. Since manufacturing units have been forced to shut down, no production or sales is happening which in turns results in the market crash. It is worth noting that millions of people across the world are going to lose their job. Considering all these conditions it is always a wise decision to learn and enter the market.

At this moment the most privileged are the ones who are still generating some revenue. People working in the IT sector, government employees and obviously some other sectors like farming are the luckiest ones in this regard as they still generate revenue which is more than enough for them to lead their lives.

One more good news coming in from all around the world is that people spend less.

Previously when the coronavirus was absent, consuming was happening at a very high and alarming rate. The same people who once used to spend over 1000 dollar per month have reduced their expenditure by 100%. Which means they have fewer options for spending their money on. They are saving a large part of their revenue. The question is what these people are going to do with this extra money?

I Suggest Investing

Of course, I would suggest investing your funds on something which is meaningful. The most important thing is about developing your skills. You can use your time and money to attend some online classes and equip yourself with immense knowledge as you come out from the lockdown.

The second and most important thing to do is to invest some of your funds into either trade markets or cryptocurrencies. I know, this deal appears extremely risky as you have not been accustomed to this behaviour. However, you should do this when you have time and money.

I mentioned time because this time factor is extremely important while investing your real money into something you consider a risky business. You should learn and understand the nuances of the market so that you will identify yourself as a successful trader.

There is no free money and no easy way to get rich in a day. You have to learn and get yourself equipped to get ready for the war.

I’m going to write a series of articles to help you understand the basics of the trade market and investing. Stay tuned!

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How to invest in Bitcoin in 2020?

 

Bitcoin came to the limelight by the end of 2017 when its value was indeed touching the moon. It was selling at as high as $12,000 then. If we dig a little back, the history of bitcoin starts in 2009 when its price was almost zero!

The story of Bitcoin is fascinating and it’s potential to replace traditional fiat is immense!

As a believer and investor in this digital asset, I believe that it has a huge potential if held for a long time. I assume that BTC may touch as high as 1 million USD per coin in a few years from now. However, it is ought to go through lots of ups and downs in that long journey.

In this article, I would like to discuss How to buy and trade Bitcoin in 2020.

I hope that the reader of this article is already aware of the currency and is interested in buying and holding the Bitcoin.

Where and How to buy Bitcoin?

Broadly speaking, there are only two ways by which one can obtain BTC (Short form of Bitcoin)

  1. Through Mining.
  2. Buying from others.

I will be writing in detail on how does the mining of bitcoin work. However, for now, I will give you a brief introduction to that part as our primary focus will be to the second point “Purchasing Bitcoin”

Bitcoin uses blockchain technology. Blockchain means nothing more than a Public ledger where a fixed number of users have to verify to approve a particular transaction. This verification is done by solving some complex mathematic problems for which one needs a powerful computer. The user will be rewarded with Bitcoin for helping solve a particular mathematical riddle, a process called mining.

As you can see here, mining requires a powerful computer and it in turns requires a lot of energy in the form of electricity the cost of which the miner has to bear. In addition to that, sound knowledge in coding and other related technology is required to become a successful miner. Most of us common people lack these abilities.

Here comes the part of Buying Bitcoin and making huge Profit…

One doesn’t need sound technical knowledge to buy Bitcoin which is sold by the miners. All one needs to have is to have some basic knowledge of using the internet and have some money in hand.

Let’s assume you have both and searching for a place to buy bitcoins from. You can buy bitcoins from two sets of people

  1. Direct sellers (Peer 2 Peer)
  2. From crypto exchanges.

Purchasing from direct sellers (p2p transactions)

Image source- Pixabay

As you already know there is a bunch of miners who want to make money out of selling their Bitcoin holdings and also there are a lot of people who are willing to sell their assets without the intervention of any broker.

All you need to do is to look for people who hold bitcoin with them and ask them if they are selling now. There might be BTC holders among your friends and relatives. It is your job to find who they are and get your job done.

Another way is to seek help from exchanges that offer p2p transactions. These exchanges will match the buyer and seller after taking a small fee for their services. There are several p2p exchanges such as Wazirx and Instashift available in this space.

They are p2p in the sense that they match a buyer and seller. However, it is your responsibility to transfer your funds to a more secure wallet.

Both these exchanges are operating based on India and their service is available in several countries.

If you want to buy Bitcoin from Wazirx please Click Here and sign up.

If you want to buy Bitcoin from Instashift, please do Click Here sign up.

The best thing about Instashift is that you don’t need to give your email Id and other stuff. Your phone number alone will act as a wallet.

Buying Bitcoin from Crypto Exchanges.

Crypto exchanges are somewhat bigger and allow you to do a lot many things. In crypto exchanges, you will be allowed to set a ‘Stop limit’ for your order and make more logical decisions based on various charts available out there.

It should be noted that different exchanges show a different price for Bitcoin. This is because of the variation in trading volumes in these exchanges. Some of these exchanges even offer security for any potential threat against the asset you store in their wallets.

I would suggest you go and buy bitcoin from some exchanges out there as they offer a lot of services and are approachable 24*7.

Although a lot of crypto exchanges are out there, I have fallen in love particularly with these three exchanges.-

Binance, Bittrex and Wazirx.

Binance

Binance is the top class crypto exchange where the volume is very high. You can buy and sell Bitcoin at any time. UI is simply amazing and clean. I recommend using this exchange as I personally regard this as the best exchange out there.

To create an account in Binance you need an email and also you will be asked to provide KYC to enjoy more benefits.

To Buy Bitcoins from Binance Click here and signup

Bittrex

Bittrex is yet another world-class crypto exchange where the trading volume is pretty high. There is going to be no issues with liquidity as there will always be hundreds of buyers and sellers at any given time. The user interface is pretty amazing and this exchange is a close competitor of Binance.

To create an account and trade in Bittrex do Click Here.

Wazirx

Wazirx is built in India and the design is made taking into account the Indian users. If you are reading this article from India, without a second thought you must create an account and buy Bitcoin from Wazirx. Wazirx has recently been acquired by Binance which makes it easy to transfer funds between these two exchanges without having to pay any fee.

Another speciality of Wazirx is that it allows you to deposit and withdraw INR instantly. You will have to pay a small charge like 10 rupees per transaction.

To Buy Bitcoins from Wazirx do Click Here.

I wish you all a great trading experience on your first ever Bitcoin purchase.

Feel free to leave a comment if you find this article helpful.

If you need any assistance, contact us on [email protected]

Cheers!

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8 easy things to do to get rich in 2020!

First of all, I would like to congratulate you on possessing the curiosity to learn something new. Not many have this quality, you are special. Welcome to the club of rich! You are in the right place and going to learn how to become rich!

We all want to get rich, that too in no time! However, only very few people put some decent efforts to attain this and the rest will choose to remain among over 90% to lead a mediocre life.

However, Here is the interesting part – Among the majority that chooses to lead a mediocre life, 90% are capable of getting rich! if only they show their willingness to learn something new!

Today you have shown the willingness to learn something new. On top of that, you are already working on it! CONGRATS!

I’m gonna list out 10 things which on following, you will find yourself super-rich within one year from now!

1. BE FLEXIBLE!

This is the first and foremost thing you should have in your journey towards getting rich.

Most of us are so adamant that we never come out of our comfort zone. We have been living in the misconception that one day life will change for good, which is impossible unless we decide to make it happen by ourselves!

Don’t hesitate to resign from the current job if you believe that it doesn’t worth your precious time!

Put your hands on professions that you thought are not meant for you, despite you having a great interest in them!

Make some unique changes in your daily routine, be the change and be flexible!

2. SPEND YOUR MONEY, WISELY!

No matter what others say, only money can get you rich. The way you handle your money alone is capable of determining the quality of your life.

Over time, The world is getting filled with consumers over producers. It is because media project a worthless good as if you can’t live without it. This tactic is time-proven and works incredibly well in converting us all into ‘Die-hard Consumers’.

The more you realize this trap, the better your financial life would be.

If you look at billionaires of our era, you will be surprised to find them leading a minimalistic lifestyle despite having all the money on the earth.

I suggest that you immediately change your lifestyle into minimalistic so that you will be able to save a lot of money in a short period!

3. BE A CONTINUAL LEARNER!

People wrap up learning once they graduate. I have seen final year graduate students say, “We are free now, we don’t have anything to study hereafter” with a huge sigh of relief! They don’t seem to realize that this attitude is highly dangerous and will hamper their growth in the rest of their lives!

You must understand the fact that the more you spend your time to gather knowledge,  the more closer you are to getting rich!

The advent of technology made it easier for us to learn anything and everything. Websites such as udemy and coursera offer study materials at affordable cost and some even for free of cost.

The only thing you should have is access to the internet, which I believe, we all have nowadays! Of course, you must have the willingness to learn, which I believe you already have!

4. DEVELOP NEW SKILLSETS!

The world in 21′ st century is driven by people possessing unique skillsets needed for this era.

Gone are the days when all that you needed was masculinity to conquer the world. Today, the world is run by soft skills.

One must be good at communication skills, preferably English, as it has become the global language.

Apart from that, you should have the exclusive skillsets required for 21′ st century to get an edge and stand out of the crowd.

The skillsets needed apart from communication are – Presentation, Coding, Capable of using some specific Softwares!

5. MAKE YOUR PRESENCE FELT ON INTERNET!

Be it Instagram, Facebook, Twitter, TikTok, Youtube or Quora, make your presence felt in those spaces as it will significantly boost your influence in the society.

You can even consider starting your own blog to demonstrate your ideas and even to make a good amount of money out of it!

I have seen people getting rich solely out of a website they own!

If you are willing to start your own website you need a domain name and a powerful hosting. You will have to purchase them from online markets. My personal suggestion for buying these items will be from Hostinger as they provide both domain and hosting at a much cheaper price without compromising the quality!

So head on and make the use of the internet to get rich!

6. START TRADING!

Trading is an obvious way to get rich in no time if you learn the tactics. There are a number of avenues where you can invest your money to get to see them getting multiplied.

One is to follow the path of traditional share markets and become a part of big companies. As of today, the time I’m writing this blog (4th April 2020) the world market is witnessing a huge recession due to Covid19 or Corona Virus spread.

As an investor, this is the best time to jump into the market as most of the valuable shares are available at a really cheap price.

The second way is to get into the space of cryptocurrencies. Cryptocurrencies have already proven to be the best alternatives for the FIAT. You will be surprised to know the growth one of the cryptocurrencies ‘Bitcoin’ realized in last 11 years from its launch.

Bitcoin has seen an exponential growth of over 100,0000% from nothing to $12,000!

So the wise decision you make here alone will make you rich!

7. BECOME AN ENTREPRENEUR!

In business, the sky is the only limit!

When you are working as an employee, the limit is set by others. Maybe, your boss, the company or the people who are in positions higher than that of you.

While working under others, you can’t utilize your full potential as you are expected to work within the predefined boundaries set by your employee.

The only way to know and tap your full potential is to get into entrepreneurship and get to experience all the responsibilities that come along with it!

The chances are extremely high that you will realize the actual you and might have started earning more money!

I’m of the opinion that everyone must go through this phase at least once in their lifetime!

8. BE A GREAT HUMAN!

Never allow the process of getting rich to turn you into a selfish, greedy human being!

You and I as social creatures have some social responsibilities to consider.

Making money isn’t everything. We should take those around use into consideration and make sure that our process towards getting rich isn’t harming them in any way!

Be kind enough to support impoverished, help others when they need you the most and make it a habit to be polite in your interaction!

If you follow all these steps, you will surely be rich in a year!