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Cryptocurrency investment such as Bitcoin live investment is currently being discussed by many people as one of the profitable money-making instruments. This is further strengthened by the phenomenon of buying Bitcoin by Tesla owner, Elon Musk.

Bitcoin live investment, seeing how one of the world's richest people dares to invest money in cryptocurrency, it becomes a big question mark, is this investment really profitable? Because buying in large quantities is certainly very risky and should be worth the chance of return.

High risk high gain, this term is often used in investing, which means that if you want big profits, you must also be prepared to risk big losses.

Because it is an investment tool that is still new and controversial, you should first learn about cryptocurrencies, so that you know the benefits and risks that may occur when choosing this instrument.

What is Cryptocurrency Investment?

Cryptocurrency investment is one of the investment instruments in the form of digital currency, a currency that is guaranteed by cryptography and transactions are carried out virtually. The way this investment works uses blockchain network storage, which is a technology for storing databases in blocks that are then chained together.

With blockchain technology, everyone who makes a cryptocurrency transaction has a separate copy of the transaction record. Each new transaction that occurs will be updated simultaneously so that all records remain identical and accurate.

To prevent fraud, every transaction is checked using one of two main validation techniques: proof of work or proof of stake.

This means that every investor can manage financial data and carry out digital transactions privately. Here all processes do not involve third parties such as banks. One form of digital currency used for investment instruments was Bitcoin.

Now followed by the emergence of Ethereum, Dogecoin, Ripple, Cardano, and many more. All of them are known for their rapidly changing valuation values, so every investor should be able to manage their holdings wisely. Seeing this, this makes the process of buying and selling cryptocurrencies high enough that they can affect their value.

As an investor, you must be able to determine the best time to buy or sell it. You can do it independently using the help of digital platforms.

Cryptocurrency investment should be chosen as one of the profitable long-term investments. This is evident from the number of buying and selling transactions of people who use it in the world. Here are some of the advantages of investing in cryptocurrency:

At the beginning of its appearance in 2008 1 bitcoin was only valued at 13 US Dollars. The highest price of Bitcoin reached more than 63,000 US Dollars.

Another advantage of cryptocurrencies is that this instrument is not tied to banking regulations, there are no fees and so on. Smart friends are free to manage their own investments.

The use of paper money, for example when you withdraw your savings for transactions, will tend to be more at risk of counterfeiting. In the end, Buddy Pintar's money does not apply in the event of counterfeiting. While cryptocurrencies do not experience the risk of counterfeiting because all transactions do not involve physical money.