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BITCOIN – THE MOST IMPORTANT CRYPTOCURRENCY

BITCOIN – THE MOST IMPORTANT CRYPTOCURRENCY

Programme B
Published by Programme B

Anyone interested in cryptocurrency would be quite familiar with Bitcoin. In terms of market capitalization, Bitcoin is well ahead of the competition, and in terms of value development, no other digital currency can hold a position like Bitcoin: holding 160 billion US dollars. Bitcoin is holding major shares in the market capitalization in June 2020 which is far ahead of that of Ethereum (24 billion), Tether (8, 2 billion), and Ripple (8 billion).

 

HIGH DEMAND FOR “ANONYMOUS MONEY”

There are several different predictions about Bitcoin price. Some say that Bitcoin will rise in price to $ 500,000 and more. By looking at the development at “Blockchain and Crypto Asset Pre-Event” at the beginning of April 2019it is clear that more and more professional asset managers and institutional advisors want to recommend blockchain and cryptocurrencies as investments. Day by day new and more recognized financial institi=utions are accepting Bitcoin with open hands. You can notice this as the US investment bank JPMorgan started its own cryptocurrency and many customers can already shop with cryptocurrencies in Swiss online trading.

BITCOIN TRADING – INVESTMENT FOR OPPORTUNITY-ORIENTED INVESTORS

With the ever-growing popularity and technical possibilities of online currencies, many new investors are becoming more and more interested in Bitcoin. There are several options for you if you want to buy through bitcoin champion and participate in the performance of the most important Internet currency. Here we are going to guide you about some about these ways:

BUY BITCOIN EASILY AND QUICKLY: BITCOIN CFD

There is an option available for investors who are primarily interested in participating in the performance of Bitcoin. They can pick up the option of a CFD broker. The account opening is particularly quick. You can easily pay with a credit card, PayPal, or bank transfer.

Bitcoin CFD could be viewed as security that reflects the Bitcoin exchange rate. It is possible to join in as an investor, you participate directly in the development of the Bitcoin price, but you do not physically own the Bitcoin. There is also an option to take part without leverage. You can get more benefit from a Bitcoin CFD if you sell, you can always get your money back immediately and in full. 

THE BITCOIN CERTIFICATE

This is another very convenient way to take part in the Bitcoin course. We can find limited chives in the market currently.

With the Bitcoin Certificate, you avail yourself of the opportunity to easily invest in the price development of the most important digital currency. The Vontobel certificate is the same copy of the performance of Bitcoin but is not a “real” Bitcoin, but a derivative of the cryptocurrency. The product enables participation of almost 1: 1 in price gains and losses of Bitcoin against the US dollar – without a predefined repayment date. 

So this would be a good option if you want to buy Bitcoin. A certificate for the cryptocurrency is also a very convenient option; you only need securities to account as a prerequisite.

 

BUY REAL BITCOIN

If you are one of those investors who prefer your anonymity in Bitcoin trading. So buying “real” Bitcoins, i.e. buying Bitcoins in the form of “digital money” or in the form of data is the best option. For this, the possession of a wallet is a basic requirement. This electronic wallet is comparable to a personal checking account in your pocket; you can use it to make transfers and receive or send Bitcoins.

This process of transferring is the same as a bank transfer: Instead of an account number, only a receiving address is used. As the digital currency is sent directly from person to person without an intermediary, the fees charged are lower than for transactions via banks.

It is also possible to combine all bitcoins in a single bitcoin wallet in case bitcoins are bought on several portals. 

 

BITCOIN MARKETPLACE

Bitcoin trading can also be done by using online on a so-called Bitcoin marketplace. A recognized German marketplace is bitcoin.de, which is primarily a company of the Bitcoin Group SE. It provides the users a facility to trade directly with each other so that the price for the real bitcoins is determined by supply and demand.

The registered users post their individual offers to buy or sell Bitcoins with a different currency on marketplaces like bitcoin.de. The potential buyers can see how many Bitcoins a seller is offering at what price. We can consider a deal as confirmed as soon as an offer is accepted by another user, the potential buyer. 

 

BITCOIN EXCHANGES

Bitcoin exchanges are also a good and convenient way to buy “real” Bitcoins. The best-known trading exchanges for cryptocurrencies include Bitfinex,  Kraken, Bitstamp, and Paymium.

BUY BITCOINS OFFLINE

You can find out several ways where the cryptocurrency can also be purchased offline for cash. This is perhaps the most affordable and fastest way to buy Bitcoins from a private individual. There are several platforms, for example, Bitcoin-Treff.de, that arrange private meetings with traders in the area.

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