Bitcoin is a currency that, unlike the dollar and the real, is totally virtual. That is, it does not exist physically. Its issuance is not controlled by a monetary authority, but in a decentralized way. Already its value obeys to rules of market: the greater the demand for the currency, the higher the quotation. Eight years after the launch, a single bitcoin is worth more than $ 4,000 today, about $ 12,500.
But buying a criptomoeda is not as simple as that and, like any investment, involves the risk of losses. There is some information that is essential for anyone thinking of buying bitcoins. Check out four information that, according to author and speaker Joel Comm in column published in the magazine Inc., you need to know before you make that decision.
If you had $ 100 in bitcoin on November 15, 2012, the day Wordpress began to accept the coin, it would have received 1,104 bitcoins. By the end of November of the following year, it would have accumulated more than $ 1.37 million with its virtual currencies. But five months later, if he still had these criptomoedas, he would have lost more than half that value.
Scams, news, currency collapses, all these reasons can cause the price of the currency to fall or shoot. But although bitcoin floats more than other currencies, this movement is not as big as it seems. According to the bitcoin Volatility Index, over six months, the dollar price volatility of a bitcoin is 4.23%. And in a year, only 3.58%.
It is common to hear that bitcoin is a democratic currency and that there is no collection of fees during transactions. But start buying, selling and moving your virtual coins that will soon appear.
If you use a bag to make deposits and withdrawals of bitcoins, you will have to pay fees. They can reach 3.5% and you can spend more than $ 50 to send your dollars back to your bank account. For all this, before using the virtual currency, it is worth evaluating what expenses you will have.
Bitcoin is reputed to be the black market's favorite currency. It is not tied to local bank accounts and so governments can not require owner details. But blockchain is a public book and anyone can see any transactions made in bitcoin. It is possible to know exactly where each cryptoman is and who owns it. Although this information is anonymous - bitcoin is associated with a number, but it is not known who owns it - a conversion to a non-virtual exchange is enough to make it all clear again. Bitcoin may even look like something invisible, but it's more transparent and less anonymous than it looks.
Coin traders have different types of tools that allow them to make big investments and raise huge returns. They can buy futures contracts and trade derivatives. It's risky, but that's how they make money for themselves and their customers. Bitcoin has been around for so long that platforms have allowed alternative services. Sites like Bitmex and Deribit are not beginners' places, but they show how much this market has grown, and it's a challenge for bitcoin's new investors.