Earn Easy Money Using Bitcoin in Coins.ph

Basically, a bitcoin is a digital currency (or in other words, an electronic cash). At Coins.ph, you can actually grow your money over time depending on your strategy.

In general, the most common strategy used by many bitcoin users is “buy and hold.” This simply means that you buy bitcoins and then literally not do anything with the bitcoin balance (that is, no selling or using bitcoin to pay for anything) for a period of time.

This strategy is actually effective depending on the conversion rate at the time of buying and selling of bitcoins. So when is a good time to buy bitcoins?

One way of knowing is to look at the bitcoin price chart, which can be accessed through the Coins.ph app or the official website. At a glance, you can determine whether the rate has gone down or up. This month, for example, bitcoin is priced at approximately above 300k php. Looking at the chart, the price has even gone up to approximately above 900k in the past year. Considering this, the price of 300k php may be a good deal at this time. As such, you can opt to buy bitcoins at this price. 

• The key is to buy bitcoins at lower prices.

After you have already bought bitcoins, it is time to hold your bitcoin balance, and while you’re at it, continue to check the bitcoin price from time to time. During such, you have to determine a good time to sell your bitcoins.

Given you have bought bitcoins at the price of 300k php, it is a good strategy to sell them at prices higher than that at the time of buying. In this way, you ensure that you have profited from this process of holding until the price has gone up.

• The key is to sell bitcoins at higher prices.

Important note: 

• The one thing that bitcoin beginners need to know is that the value of bitcoin is volatile (that is, it constantly changes). It may go up or down in a blink of an eye. Thus, it’s good to hope for the best, but prepare for the worst, as they say. As with any other investment methods, you either lose money or gain some. But who would like to lose? Not me, and definitely not you! So consider keeping in mind this simple strategy to earn easy money using bitcoin in Coins.ph:

To sign up at Coins.ph, check this post. If you have any questions/concerns regarding your Coins.ph account, visit their help center.