purchase of cryptocurrency

purchase of cryptocurrency

By Zivile764 | Zivilina764 | 2 Feb 2020

In this article, traders interested in buying cryptocurrency,
a CFC trading guide for cryptocurrencies is provided. In it you'll discover: the most important cryptocurrency (not just Bitcoin), the reasons why you should be interested in trading cryptocurrency, explanations on how to buy a cryptocurrency - buy Bitcoin, Litecoin or Ethereum and more! 
What is cryptocurrency. Investing in cryptocurrencies Cryptocurrency is a digital asset or digital currency. This currency does not ex ist in the physical sense (such as the dollar or the euro). Cryptocurrencies are not regulated or regulated by any financial institution or bank, as is the case with traditional currencies. Cryptocurrencies are usually self-regulated using various encryption methods. In addition, this process is performed online by users on related networks, providing confirmation that allows transactions to be made.
What we now know as a cryptocurrency came in 2009, and it all started with Bitcoin, the proto-cryptocurrency. Initially, Bitcoin was introduced as an electronic payment system based on cryptographic evidence. Cryptographic evidence comes from a new blockchain technology, a kind of digital signatures list that provides computed evidence that describes the entire history of each Bitcoin transaction.
This public ownership chain allows you to transact without requiring a third party to perform payment processing tasks. The absence of any third party acting as supervisory authority means that Bitcoin is a decentralized digital currency. 2009 some market commentators have dismissed this new virtual currency as a mere whim or temporary reaction to the 2008 release. the global economic crisis.
However, as Bitcoin has grown in value and reliability in recent years, interest in this new kind of currency - and its technological basis - has simply flourished. As Bitcoin's interest in Bitcoin increased over time, its value increased further, which in turn fueled the interest in this asset class. This resulted in breathtaking value growth and price volatility.
As a result, many alternative digital currencies have emerged on the scene (in some cases so quickly and off the scene) based on blockchain innovation or similar concepts. 2016 At the beginning of the year, the total value of all cryptocurrencies was estimated at about $ 8 billion. US $, to 2017 March. it inflated to about $ 25 billion. US dollars.
2017 were exclusive to Bitcoin currency and the cryptocurrency market in general. Until 2013 Bitcoin never exceeded $ 1,000 limit in 2017 October month. this currency rose above the $ 6,000 mark and declined in December. fired above $ 10,000 at the start. By the end of the month, it reached a record high of $ 19,783, surging ahead of the cryptocurrency futures trading on the Chicago Commodity Exchange (CME) and the Chicago Option Exchange (CBOT).
The launch of these Bitcoin deals on major stock exchanges has ushered in a new era, offering for the first time the ability to trade cryptocurrencies on regulated US platforms, but this has also coincided with a significant worsening of the Bitcoin situation. Although the volume of Bitcoin futures contracts has been steadily rising months after they began trading - offering traders more and more liquidity - the price of Bitcoin has moved in a steady downward trend. Until 2018 February. Bitcoin has fallen below the $ 6500 threshold. Until 2018 December. that value dropped to less than $ 3,500.
In addition, December. cryptocurrency market capitalization dropped from nearly $ 180 billion to $ 152 billion in 24 hours US dollars, and many witnesses compared this sharp decline to the infamous dot com decline of the early 2000s.
Choose which cryptocurrency to invest in Undoubtedly, Bitcoin was the earliest cryptocurrency, more than two years ahead of the second cryptocurrency, Namecoin. The success of Bitcoin has led to a huge spread of digital currencies and hundreds of cryptocurrencies already exist today. One of the most interesting aspects of these new currencies is that they are not controlled by any authority. Traditional paper currencies are regulated by central banks, which can operate independently of the national government or at the request of the government.
For example, the Fed (US Federal Reserve) is entitled to increase the supply of the US dollar. As we will see, the degree of decentralization of different cryptocurrencies may vary, but in general there is no central government that performs a similar role to a central bank with respect to cryptocurrencies. We will now discuss four other important cryptocurrencies. Ethereum (or Ether) is Bitcoin's biggest competitor in terms of percentage share of the total cryptocurrency market capitalization. Other notable players in the field are Bitcoin Cash, Litecoin and Ripple. Cryptocurrencies are quoted against the US dollar (USD) and the euro (EUR), the two most widely used currencies in the world.
Cryptocurrencies have been made possible thanks to the emergence of blockchain technology - a public ledger that records all transactions (or similar bookkeeping systems). From the outset, the potential of this new type of asset, as well as the technology itself, has attracted the interest of professionals. In recent years, cryptocurrencies have begun to attract the attention of a much wider audience as Bitcoin has been increasingly accepted as a payment instrument. Cryptocurrencies have also begun to gain more interest as an alternative investment. The headlines caused by the huge leaps in Bitcoin value have a big impact on this: Bitcoin was priced at about $ 1,000, and in December of that year. flew over $ 19,000.
This new asset space became even more credible with the launch of BITCOIN futures contracts on existing exchanges such as CBOE and CME. People got access to cryptocurrencies simply by putting money in them - that is, by simply buying real digital currency. However, there are disadvantages. Processing of cryptocurrency purchases is slower than direct execution, which is common in Forex (FX) trading; cryptocurrencies are unregulated; in addition, there were some gruesome stories compromising Bitcoin and Ethereum wallets.
All of these concerns can be easily avoided by trading cryptocurrency CFDs. The use of CFDs allows trades to be executed very quickly, which is important when the market is so volatile. For example, Admiral Markets UK Ltd is authorized and regulated by the Financial Conduct Authority (FCA), so the trading of Bitcoin CFDs with this broker is regulated in the same way as regular FX trading.

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