Hello guys,
I'm so happy I found this site. I am new and want to invest in bitcoin. I want to ask one question though. What is the difference among these three charts BITFINEX:BTCUSD, BTCE:BTCUSD, BITSTAMP:BTCUSD. What do they represent? I have found live bitcoin price and bitcoin chart here =>
http://www.semmo.net/live/real-time-superior-technical-chart.html . But I don't know which one to pay attention to. Please help.
They are all different exchanges and the one you should pay attention to perhaps is any one you may want to use to buy or sell Bitcoin.
One preferably in your own country that lets you buy using your own preferred currency: Dollar; Euro etc.
Do your research and don't let someone you are unsure of have control of your assets. The whole point of Bitcoin is not needing a
middleman like banks and exchanges etc. A better solution for many is to find a person to buy or sell from face to face.
This site can help in that regard:
https://localbitcoins.comIf you are really interested in Bitcoin as a revolutionary technology, rather than just some commodity/currency to speculate in, then the
market price isn't all that important. As a payment processor ( just one blockchain application out of potentially very many ) it works as
well at the price of $1 as it does at $10,000.
If you are interested in it as a long term investment then you will want to learn as much as you can and you will no doubt discover
that its fundamentals are very strong and getting better all the time. Something that is not always reflected in the vagaries of a
very young and novel market. We are still in the early adopter stage like the web in the early 90s, in my opinion, and still a good time
to buy in.
But while there is the potential of a high reward it comes along with a high risk. Like with any investment you should already
know the standard mantra: don't invest anything you can't afford to lose.
