Digital currency is gaining traction as a mainstream investment. Gone are the days when support and interest were limited to bitcoin enthusiasts on the fringes of Wall Street.
Endorsers of bitcoin as an investment appreciate the crypto currency as a faster, cheaper payment system that can be used for transactions worldwide.
Some of the most common investment plays with bitcoin are in the currency and commodities markets.
In March 2014, the IRS declared that all virtual currencies, including bitcoins, would be taxed as property rather than currency.
As with other investments, buy low, sell high reigns supreme. There are numerous exchanges that can be used to purchase bitcoin online. But if you want simple payment with your credit card, there is really only one place to start:
Coinmama.com is the fastest, most secure venue for investors looking to make their first bitcoin purchase. Buying bitcoin may be new, but it doesn’t have to be scary!