Lesson 1 (Direct Investment in Bitcoin)

The first way you can make money with Bitcoin is by investing in Bitcoin directly.

Why Should You Invest in Bitcoin Directly?

• As at July 7, 2010, the price of 1 Bitcoin was $0.05 just in 5 months (Dec 6,

2010) it rose to $0.2 per Bitcoin that is a 400% increase. If you had bought

Bitcoin of $100 on the 7th of July 2010 you will be cashing out $400 as at Dec

6, 2010, if you wanted to. Also, as at Jan. 2, 2017 the price of 1 bitcoin was

$1,000 by December, 2017, it rose to $20,000 per Bitcoin that is a 2000%

increase in 12 months.

• In December 2017 the Price of 1 BTC was about $20,000.00. However, bitcoin

experience its bear run in 2018 falling from about $19,000 in January 2018 to

about $4,000 in 2018. This should not come as a surprise to traders because

a similar thing happened in 2013 when bitcoin fell from $1,200 to $300 but

climbed steadily in the following year. This is also evident in 2019 because

bitcoins perform better than any company stock tripling in price.

• Bill Gates the co-founder of Microsoft who is the second richest man in the

world has invested over 500 million USD in Bitcoin and accepts it as payment

in Microsoft. Sir Richards Branson – the 5th Richest man in the UK has also

invested in Bitcoin and accepts it as payment for his Airlines.

Why does Bitcoin price rise continuously?

There are many factors contributing to the rise in the price of bitcoin. These factors

are mostly based on supply and demand. Here are some of the fundamentals.

• From the Bitcoin programming, the maximum number of bitcoins that can

ever be created (mined) is 21 million bitcoins. There are 16.4 million Bitcoins

mined already. There is a maximum number of bitcoins that can be mined in

a year and this number halves every 4 years. It is estimated that by the year

2140 all bitcoins would have been mined. So, since Bitcoin is limited in

supply, the more it is demanded the more it rises in value.

• There are lots of merchants that accept bitcoin as payment. In Japan alone,

there are over 260,000 merchants that accept bitcoin. This number is also

growing in the US, Canada, UK and around the world. Some of these

companies include Dell, Overstock, CheapAir, Microsoft etc. Some merchants

in Africa have also started accepting bitcoin. There are hotels and

superstores in Abuja and Lagos that accepts bitcoin. These merchants accept

bitcoin because of its rising price. So, they get more value for their money.

You too can start accepting bitcoin in your business. I will show you how to

on another day.

• Bitcoin user adoption is growing exponentially and isn't anywhere near its

potential yet. The more people adopt bitcoin as a means of storing wealth,

making payments online and sending money abroad, the more the price of

bitcoin will increase.

 • There is also a high demand in bitcoin from people in India, Brazil, Argentina,

Venezuela, Greece, Nigeria etc. This is because their local currency is

continuously losing value against the dollar so they prefer to store their

money in bitcoin where it will not lose value but gain value.

There are many reasons why the price of bitcoin will continue to increase, so one of

the main ways to make money with bitcoin is to Buy Bitcoin and hold onto them as

an investment.

Warning: When you buy bitcoin, you will be presented with so many investments

offer online on how to invest your bitcoin. Please do not succumb to these enticing

investments most of them are a scam and you will likely lose your bitcoin if you

invest in them. If you are tempted with any offer, please send me an email to

review@nigeriabitcoincommunity.com so that I will review it for you.

See you in the next lesson.

All the best,

Jude Umeano