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Monday, 18 June 07:42 (GMT -05:00)



Foreign exchange market

Is it Worth Becoming a Bitcoin Investor?


Over the last 12 months, Bitcoin has gained almost 600%. That’s why more and more people all over the world are starting to think about investing in Bitcoin and other digital currencies, Market Leader reports.

 

 

 

 
Indeed, cryptocurrencies has been appreciating over the last few months. In mid-August, Bitcoin has exceeded $4000 for the first time in its history. A couple of weeks later, it managed to reach $5000. Even though the world’s first and biggest digital currency has retraced and is trading under $4000, expert say that this is not the limit and the price is yet to grow higher. They say that in the near future, digital currencies may make rival to the conventional global financial system. However, their opponents recommend against investing in cryptocurrencies, calling them a market bubble, which is about to burst. Let’s dive deep into the matter.
 
Essentially, any cryptocurrency is a digital payment means emitted to circulate within an online network. Cryptocurrencies are all about decentralization. They are also independent from any regulator or other financial and public institutions. That’s why experts often call them a symbol of economic freedom. Another thing to keep in mind is that cryptocurrency-based financial transactions are often made without third parties and fees.
 
It all started with Bitcoin, which was launched in 2009. Each digital currency unit (coin) is a file containing a chain of unique encrypted blocks of information. Each computer of the network stores a copy of such the file. Each new file contains the previous sequence as well as the newly-added code. To create a new file (a block), computer power is used. The process of emitting Bitcoins is called mining. The miner gets 25 Bitcoins for emitting a new block. The system is called the blockchain.
 
The blockchain technology is something that’s all other cryptocurrencies are based on. According to Masterforex-V Academy, the amount of cryptocurrencies is around 1000 and still counting.
 
Is it still not too late to join the cryptocurrency “gold rush”?
 
Over a century ago, there was a gold rush in the West. Thousands of miners went there to get rich from mining gold. Today, the situation is similar. However, instead of mining physical gold, people mine digital currencies and try to get rich this way.Today the use GPUs instead of pick hammers. The complexity of processing and creating new blocks increases, which makes miners use more and more powerful computers. The so-called mining farms are getting more and more popular with miners. Essentially, these are super-powerful clusters of computers working together to mine more digital coins and do it faster than their rivals.
 
Some experts say that the minimal starting capital to get started with Bitcoin mining is well over $1000. Yet, you may need around up to 12 months to break even and start making money. The problem is that the more miners join the environment, the more powerful tools all of them need to mine cryptocurrencies. It also concerns the time and recourses needed to mine profitably. That’s why, under such circumstances and tougher competitions, really profitable mining requires hundreds of thousands of dollars invested in big-scale mining farms.
 
Investing in Bitcoin can still be profitable
 
If to consider cryptocurrencies as an asset to invest in, you can still make money by investing in them. Investing in Bitcoin or pretty much any other digital currency out there requires an e-wallet. The next thing is to go to an online exchange to buy a cryptocurrency, or you can buy some coins from an individual.
 

 

You can use the coins to make online and offline purchases provided that the seller accepts the digital currency. Or you can buy and hold the currency to sell it later when the exchange rate gets higher. However, you should keep in mind that you cannot get rid of your coins instantly these days since transactions may take some time to be processed and completed. As for the profit potential, digital currencies are quite promising assets to invest in.  However, savvy investors always take into account both risks and potential profits. Conservative investors are recommended to invest in digital currencies no more than 20% of their capital. The bottom line is, digital currencies have been gaining popularity worldwide. Chances are that in a couple of years, a digital currency may be included in the list of global reserve currencies.

 

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Today’s Bitcoin Rate Signals Growing Risks in Banking Sector

Yesterday, the BTC exchange rate suddenly started growing, probably as a part of a recovery move against the existing downtrend. According to CoinMarketCap, the current BTC exchange rate is somewhere above 7500 USD/BTC. Over the last 24 hours, the world’s first cryptocurrency has gained some 5%, trying to recover from May’s downtrend (in case you don’t know, the coin has lost 20% since early May before starting to recover yesterday).

Publication date: 31 May 08:33 AM

Bitcoin Goes Down Before Another Rally?

The BTC exchange rate keeps on going down while being driven by a number of factors and circumstances. International experts say that the price of the world’s first and most popular cryptocurrency is currently going down just to gain some momentum later and skyrocket to new highs.

Publication date: 29 May 11:19 AM

Masterforex-V Analysts name Successful ICOs in May 2018

For those of you who don’t know, an Initial Coin Offering (ICO) is all about raising funds. To be more specific, startups sell their underlying crypto tokens in exchange for existing crypto currencies, mostly Bitcoin, Ethereum and other altcoins out there. This resembles an IPO in the stock market where investors buy a newly offered stock.

Publication date: 23 May 12:14 PM

Bitcoin Will Hit $20K, CoinShares Says

Bitcoin is really capable of getting back to the all-time high at $20K per coin. This is what founder of Coinshares Danny Masters thinks on the matter. He is not a rookie in this business. His company has been creating investment products for the cryptocurrency market and conducting blockchain-related research for years. Mr. Masters believes in the future of Bitcoin and altcoins. However, he thinks the market is yet to pass a few development stages. 

Publication date: 20 May 08:38 AM

German Stock Exchange Börse Stuttgart Welcomes Cryptocurrencies

Soon enough, maybe this fall, German stock exchange Börse Stuttgart is going to start working with cryptocurrencies. For that purpose, the exchange is expected to use its branch. Trading cryptocurrencies will be implemented through the Bison app. The expected trading turnover is around 100 billion dollars.

Publication date: 17 May 12:00 PM

Bitcoin Goes Down, Getting Closer to 8000 USD/BTC

Earlier today, the world’s first and most expensive crypto currency was going down while continuing the downtrend seen a day before. According to CoinMarketCap, the BTC exchange rate dropped below 8300USD/BTC, though it recovered a bit later on. Over the last 24 hours, the currency lost more than 5% of its dollar value. 

Publication date: 16 May 11:51 AM

Bitcoin Rallies Despite Criticism from Buffet and Gates

This trading week, Bitcoin is unlikely to conquer another major threshold located at 10000 USD/BTC. The thing is that some Bitcoin investors were cooled down by the statements made by investment guru and billionaire Warren Buffett, founder of Berkshire Hathaway, as well as by Bill Gates, founder of Microsoft and one of the richest people on the planet.

Publication date: 10 May 09:05 AM

Will Bitcoin Rate Exceed $10K This Week?

This week, the BTC exchange rate may well break above 10000 USD/BTC, most of the experts interviewed by PRIME think.

Publication date: 09 May 12:51 PM

Bitcoin Prospects Look Vague Against Altcoins

The situation in the global market of cryptocurrencies has been changing for a while. Bitcoin seems to be gradually losing its status of the world’s biggest and most popular digital currency.

Publication date: 05 May 10:53 AM

Bitcoin Exchange Rate Goes Up Rapidly, Over $9600 Already

Over the last few days, the Bitcoin exchange rate has been going up continuously. On Thursday, the rate conquered two strong levels of resistance at 9300 and 9400 dollars respectively. On Friday morning, the rate changed to 9600 dollars and continued its way up to new local highs.

Publication date: 04 May 02:08 PM