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Investing in bitcoins

shane jo

Investing in bitcoins: risks, benefits and reasons why you deserve caution(bitqs)

The digital revolution also reached the financial world and, since 2008, we have been surprising ourselves with one of the most successful inventions of recent times: bitcoin. It is a virtual currency whose operations are recorded in a digital ledger and is supported by independent programmers who are in charge of carrying out all the pertinent verifications.

 Cryptocurrencies in general and bitcoin, in particular, are made up of a digital file with a unique code that is read through different programs that are used to view, preserve and carry out transactions.

Make transactions? Yes, as you can read, bitcoins are gaining functionality. Indeed, the first football pass paid in full with this currency has recently been carried out . Some real estate agencies also allow you to pay for the purchase of a home and even PayPal allows you to carry out transactions with them.

However, bitcoin represents one of the most volatile assets we can invest in. But how much is a bitcoin worth? Why does its value fluctuate so much? Is its use regulated? Where can we buy it? Next, we will answer all these questions

The value of bitcoin

If something characterizes bitcoin, it is its volatility. Therefore, it does not have a single or stable value, but fluctuates based on supply and demand. At the beginning of 2020, for example, a bitcoin traded at approximately seven thousand dollars (five thousand seven hundred euros), but at the beginning of 2021 it marked a historical record, reaching forty-two thousand dollars (almost thirty-five thousand euros) .

While it seems like an extraordinary figure for the returns you can make by investing in bitcoins, the fluctuations are just as steep when the value is going down. That is why it is recommended to invest in them only if you are willing to lose your capital. That said, if you want to know the value of each cryptocurrency at all times, it is advisable to consult specialized pages. In this link , for example, you can consult it. As of today, February 23, 2021, its value is 40 thousand euros.(bitqs official site)

shane jo
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