In the present day, currencies are very important for all the daily activities around the globe, whereas only the name and value of it differs between countries. Without currency, no one can live their life i.e. even for basic needs, you should have money. There are no people who hate money as each and every one of us around the globe are working hard to earn money, and all of us would love to double or triple the money we earned.
Thus, we would search hard to find the possible ways to increase the amount of money we have. Some of the common ways that our colleagues, friends, and relatives would suggest are fixed deposits, mutual funds, stock market, and a few other ways. The most recent popular way is crypto currencies which are meant as virtual money.
Bitcoin is a very much popular virtual currency that has been in talks around the globe, and there are people who love to invest and earn through it. The students from a famous university also did a research on bitcoins and the stock market, and they found that both the markets are different and distinct too.
If you’re not familiar with what bitcoin is and how to make use of it, there are many sources available online. Investing in bitcoin is a good idea when you plan to invest for long duration, buying a bitcoin is like buying US dollars or Euros. You must know the best time to buy certain kind of bitcoins so that you can wait until the prices go higher and you can sell them. They also predicted the factor that is related to crypto currency market and also implied that a strong time series momentum effect will help you predict the returns on crypto currency to some extent. In addition, as per their research, they advise the investors to buy bitcoin when there is 20% hike in its price than last week. Moreover, this bitcoin based app can be used by them sitting at any part of the world easily.