Buying actual bitcoins is too risky an investment for beginners. If you are looking to make money through bitcoins, the best way is to invest in companies which have exposure the cryptocurrency. Bitcoin is a massively volatile currency. On Saturday, bitcoin fell to new lows (below $2000) amid the recent selloff that is sweeping the cryptocurrencies worldwide. If you want to steer clear of the market uncertainty and yet make money bitcoins, invest in Bitcoin stocks.
Best Bitcoin Stocks to Invest
Bitcoin Investment Trust
Bitcoin Investment Trust (NASDAQOTH:GBTC) is one of the most famous Bitcoin stocks. It is an investment trust; a pool of companies having exposure to the crypto-currencies. You can buy this stock. However, be warned that this trust does not have a good reputation in the industry. Most of the analysts call this trust insanely overpriced and risky.
Retail stocks of companies which have started accepting Bitcoins as valid currencies should be acquired if you want to make money using Bitcoins. This is because these stocks gain value when bitcoin’s value increases. The best retail stock to buy to take profits on Bitcoin is Overstock.com (NASDAQ:OSTK). …read more
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