Currencies are much important for all the day to day 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 deposit, mutual funds, stock market, and few other ways. The most recent popular way is crypto currencies which are meant as virtual money. There are no specific banks or institutions available for these crypto currencies.
Bit coins are one of the popular virtual currencies that are been in talk around the globe, and there are people who love to invest in it and earn through it. The students from famous university also done a research on bit coins and stock market, and they found that both the markets are different and distinct too. If you are not familiar with what bit coin is and how to make use of it, there are so many sources available online. Investing in bit coin is a good idea when you plan to invest for long duration, buying a bit coin is like buying US dollar or Euro. You must know the good time to buy bit coin so that you can wait until the prices of it go higher and you can sell them. There is no specific market behavior to check whether the prices go high or low at predicted time. The economists from one of the popular university has designed graph by studying the past price history of bit coins.
They also predicted the factor that is related to crypto currency market and also they implied that a strong time series momentum effect will help you predict the returns on crypto currency to some extent. And as per their research they advise the investors to buy bit coin when there is 20 percent hike in its price than last week. The reason for this, once bit coins start to perform well in the market, the performance and returns on bit coin are decent at least for a week. So without any worries, before investing in these virtual currencies you should learn about it and start earning money through it, and you should be very careful while buying and selling them, whereas never consult any agency for doing these services.