The price hike and the growing appreciation have made more people interested in investing in Bitcoin. However, as the cryptocurrency market is still new, most investors have doubts about how to invest in bitcoin stock, how to carry out these procedures and what are the chances of gains.
Just like any industry, knowing the virtual currency market very well is indispensable for success when investing in Bitcoin. And to help you, we have assembled this content with importance things you need to know to make money from cryptocurrencies!
Before you start investing in Bitcoin: What is that currency?
Before investing in Bitcoin, it is essential to understand very well what Bitcoin is and what its differentials are for other existing cryptocurrencies.
It was the first virtual currency to be created. Born in 2009 and developed by Satoshi Nakamoto, Bitcoin has stood out due to its high valuation power. Bitcoin is a virtual currency and therefore only exists in the virtual universe. It is not issued and regularized by any government or Central Bank, and decentralization is one of its main characteristics.
Although not yet officially recognized, there are several establishments that already accept this currency. In addition, investing in Bitcoin is considered a form of investment even with a quote on the Stock Exchange.
In addition, all your transactions are registered on Blockchain, a large online and encrypted data system, which brings more security to financial transactions. There are two ways to get Bitcoins: buying them at exchange offices / exchanges (platforms specialized in buying and selling cryptocurrencies) or mining.
The mining is a complex computational process that, in short, can be understood as the “act” of “registering” in Blockchain particular transaction, validating it and encrypting it. Whoever performs this process is paid with Bitcoins.
They buy Bitcoins through exchanges, wait for the currency to appreciate and then make the sale, increasing their equity.