CRYPTO CURRENCY AND VIRTUAL CURRENCY: WHAT IS BITCOIN? + BONUS |CHAPTER 2/3|

By Kenny19 | good bar | 2 Sep 2020


BITCOIN PRICE: THE VALUE OF THE CRYPTO CURRENCY OF THE DAY
How much does Bitcoin cost? Discover in our quotation table the value of Bitcoin in dollars.

BITCOIN COURSES: THE MAIN DEVELOPMENTS TO REMEMBER SINCE ITS CREATION
You may be wondering how much is Bitcoin worth? How much does Bitcoin earn? How many euros are exchanged for a Bitcoin? Discover the evolution of Bitcoin prices since its creation, and our study of its variations at 5 years and 1 year.

The first exchange of 10 Bitcoins between Satoshi Nakamoto (its creator) and Hal Finney was on January 12, 2009. On October 5, 2009, its value was estimated at $ 0.001.0bcd5f5941e03dace8e97897d3bc20660dab1f595b7f38271cbba4002dc01108.png

On June 29, 2015 (6 years later), its value is $ 272. It was then multiplied by more than 10 over a period of approximately 2 years to reach $ 2,750 on July 17, 2017.

A further almost 7-fold increase followed a few months later, with a valuation peak of $ 18,960 per Bitcoin on December 11, 2017, which was Bitcoin's historic high.

Between December 11, 2017 and December 10, 2018, it fell 83% to a value of $ 3,301. Before being multiplied by 3.48 between December 10, 2018 and July 1, 2019.

Bitcoin experienced a further 53% drop in price between July 1, 2019 and March 9, 2020, before recovering with a 71% rise to reach $ 9,194 on June 29, 2020.e95de7cc7bf13109d3779ae4fab5df74c9258aa3e0ba9097a7e49bfd7955534e.png

 

We therefore understand why some consider Bitcoin to be dangerous. The course of Bitcoin is indeed historically very volatile, capable of offering an interesting multiplier during its upward phases, as well as showing significant declines, sometimes exceeding 80% of its value.
On a 1-year chart basis, Bitcoin has experienced four trends above 50% including two bearish and two bullish:

- 54% between June 29, 2019 and December 17, 2019, from $ 11,920 to $ 6,667;
+ 55% between December 17, 2019 and February 12, 2020, rising from $ 6,667 to $ 10,338;
- 53% between February 12, 2020 and March 12, 2020, from $ 10,338 to $ 4,873;
+ 89% between March 12, 2020 and June 29, 2020, rising from $ 4,873 to $ 9,194.
Here again, on an annual basis, Bitcoin evolves in a volatile manner.

Are you wondering why Bitcoin is climbing so fast and why Bitcoin is falling so fast? The extreme volatility of XBT stems in particular from its low penetration rate into the real economy and its use as a speculative financial asset. Better to know this before investing!

This very high volatility also explains why it is so complicated to anticipate BTC prices. When will Bitcoin go up? When will Bitcoin explode? When will Bitcoin go down? No one knows it and anyone who claims otherwise is a con artist.

Despite its very geeky image, in September 2015, the regulator of the commodities market in the United States, the Commodity Futures Trading Commission (CFTC), officially declared that Bitcoin fell under the commodity category. This is therefore a first step towards regulation of virtual currencies and a certain recognition of cryptocurrency by financial institutions. Financial transactions in Bitcoin and trading on specialized platforms will now have to be carried out in accordance with the rules governing the exchange of commodities.

But there is also the emergence in the United States of trust companies specializing in crypto currency such as LLC and ITbit. These two companies, in addition to meeting New York State Department requirements for capitalization, reserve, compliance, consumer protection, and cybersecurity, also provide warranties for computer storage systems and security systems. cold storage vault for Bitcoin holdings from the famous GABI fund. The manager of the GABI fund offers the possibility of exchanging these particular securities in Crypto Delta One (CRYDO). CRYDO therefore allows its securities to be traded on an electronic trading platform that offers indirect or synthetic exposure to the underlying price of Bitcoin without transmitting the explicit ownership of Bitcoin. In this way, Bitcoins work similarly to CFDs, offering the benefits of leverage in particular.

Bitcoin is becoming a separate financial product!9083855e1f9b49f317ca6b37a2457d76ecdcfe959cf23746a970e51d1340ad3f.jpeg

Now is the time to invest? One can indeed wonder when to invest in Bitcoin. If you want to invest in BTC, go for it. Perhaps you think it is too late given the already high price of crypto, or that it is still a bit early because it has a relatively low penetration rate in the real economy. Avoid viewing your investment from a market timing perspective. It is impossible to predict the price of this hyper volatile asset and at what level the prices of BTC will be in a month, in a year and even less in 2. If you are tempted by the adventure and want to invest in XBT, do -the. But by diversifying your investments and using money you don't need.

Are you wondering how to invest in Bitcoin in France? And where to invest in Bitcoin, via which platforms and which brokers? To invest in virtual currency, two solutions are available to you: invest directly by exchanging euros for Bitcoins via specialized platforms such as Poloniex, Circle or Coinbase. You can also speculate on Bitcoin via financial products derived from the most famous virtual currencies. Several online brokers offer CFDs on Bitcoin. Indeed, online brokers eToro, IG, or even XTB allow you to invest in Bitcoin through a CFD on electronic money.

Be careful, before putting your savings in cryptocurrency, ask yourself how much to invest in Bitcoin. Measurement is necessary when it comes to investing and the diversification of one's holdings remains an essential factor in the sound management of a portfolio. Especially since Bitcoin is a particularly volatile asset! It is therefore in your best interest to invest only the money you can afford to lose. In addition, the use of derivatives and leveraged products will be recommended to the more sophisticated investors, who will be able to fully understand how these products work and the risks involved.

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