A Complete Guide To Investing and Making Money with Bitcoin

You may have heard of the fairly recent rush for cryptocurrencies such as Bitcoin and Ethereum. Are you interested in gaining a profit that so many others have already claimed?

Bitcoin has been dubbed “the next big thing” (no Apple, we’re not talking about the new iPhone). As of right now (October, 2017), the price of Bitcoin has risen over 700% in Canadian dollars since last year, where it currently settles at about $7,500 CAD.

UPDATE: With the new Bitcoin Futures hitting the market today (December 10), even amidst speculation, Bitcoin is holding steady around $25,000 CAD.

In this guide, we introduce you to typical phrases and words you will hear when you dive into the cryptocurrency world. We encourage you to read each link we give you in order to be knowledgeable about cryptocurrencies in general, and thus to not make mistakes down the road.

REMEMBER: Don’t invest recklessly. While people are making massive profits from Bitcoin, this doesn’t mean that you should invest all you’ve got into it. We recommend a total of 10% of your entire portfolio.

With more and more companies joining the Bitcoin movement, people are increasingly using Bitcoin to pay for products and services. Over 100,000 organizations now accept Bitcoin, and more are added to the list everyday.

We put together a handy pros and cons list of investing in Bitcoin. We advise you to make a checklist of what points weigh more heavily with you, and then make an educated decision on whether to invest or not.

Some pros can be cons as well, but it’s up to you to weigh the trade-offs that occur.

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