How to become a millionaire with bitcoin - Find out the best app

Do you want to change your life and discover how to become millionaire with bitcoin? Then you are reading the right article, as this form of investment has long become one of the main ways to get rich and knowing more about the subject will help you a lot.

There are many things that a person must do if he is looking to earn a lot of money. It is part of the process of getting rich, creating a routine and sticking to it with focus, discipline, self-control and determination.

Knowing how to become a millionaire with bitcoin will be the result of changing your habits and way of thinking and acting. Not everyone is willing to change their life and step out of their comfort zone. But, if you are, then read this article till the end. Good reading!

What is bitcoin and how does it work?

Of course, to know how to become a millionaire with bitcoin, it is essential to know what bitcoin is and, above all, how it works. In short, bitcoin is a form of money, just like the dollar, euro or real, however, it is completely digital.

For this reason, you will only find it on the internet and you can use it through cell phones, tablets, notebooks or computers. Being digital, it is very practical to receive and make payments.

Even though it is digital, bitcoin has very strict security rules. It cannot be overthrown by any company or governments as it is not a centralized system. You check every transaction you make with her down to the smallest detail.

How do you know the value of a bitcoin?

It is very important to know that the value of bitcoin will always be linked to supply and demand in the financial market. Its price, as well as other types of investment, fluctuates every day, thus becoming an instrument to obtain variable income.

Its trading works 7 days a week and 24 hours a day. Regardless of falls or rises in its price, there is no mechanism that paralyzes its trading, as is usually the case with stocks on the stock exchange, for example.

You've understood so far that to know how to become a millionaire with bitcoin, a good deal of understanding on the subject will be necessary, but also know that it's not just that. Internal changes are also needed. We'll deal with that further down.

Changes are necessary to know how to become a millionaire with bitcoin

Perhaps you find it strange that we deal with changes within you to understand how to become a millionaire with bitcoin, but the subject is more pertinent than you can imagine. Knowledge about bitcoins alone will not do without some internal changes.

A mindset shift is needed more than anything else. Thinking and acting like a millionaire is the beginning of everything. Millionaires have a pattern of behavior and if you are not willing to do what they do, there is no chance of success.

How you manage your time is also important. In your routine you will need to have time to study, watch videos and read articles and books on how to get rich. We suggest the You Tube channel “Ivan Maia Trainings”.

How to buy bitcoin?

One of the coolest things when it comes to buying bitcoin is that you can do it in many places, whether in Brazil or anywhere in the world. Let's deal with the 3 main ways below:

1. Exchanges: these platforms work as “brokers” that facilitate currency trading. They are open to the general public and are the most common way to sell and buy bitcoin. On these platforms, sellers and buyers are in the same place and, for this reason, transactions are much easier, faster and safer. To sell or buy bitcoins through one of these brokers, just register with them, by sending your documentation, thus creating your first order to sell or buy.
2. P2P: The meaning of this acronym is “Peer-to-peer”, which, in a very simplified translation, is “point to point”. These are sales and purchases made with individuals, where these users' computers are the “points”, connecting to each other, which forms a decentralized network and does not require any financial institution to control. This currency negotiation will always be done directly, that is, the person selling (called a P2P seller) informs you what their price is and you then decide whether to accept that price or not. This type of negotiation is usually more sought after by those who want speed.
3. OTC: this acronym means “Over the Counter”, that is, it is a type of trading done in the old style, in the literal sense, over the counter. This type of trading is also common in other types of investment and, here in bitcoins, it is much sought after by those who trade high sums of virtual money, since it has better values, in addition to lower fees and greater liquidity.

Some exchanges usually offer their main customers (those who move a large amount of value) the OTC modality. Some P2P sellers may also offer similar advantages on some deals.

It should be remembered that bitcoin does not have a standardized quotation, for this reason, the many exchanges in Brazil can use their own quotation. For this reason, it is important that you use applications that can compare quotes.

Discover the best apps and find out how to become a millionaire with bitcoin

The main app we recommend is “cookie”. Download it right now on your Android smartphone and find out where bitcoin is cheaper to buy and follow other purchase and sale price comparisons on the main Brazilian exchanges.

Other apps can help you with bitcoin investments. They are: “Binance”, “FoxBit”, “BitcoinTrade” and “NovaDax”. All of them can be downloaded from the Google Play Store (Android) and App Store (iOS).

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Ready! Now you know everything you need to know about how to become a millionaire with bitcoin, and you can start walking the path of wealth and success right now! We hope you enjoyed reading and we wish you the best of luck. See you soon!