Cryptocurrency: foundations and objectives
It was in 2013 that cryptocurrency saw its first hours. Behind this enigmatic name, a completely different mysterious name holds the reins of this revolutionary concept: Satoshi Nakamoto. His idea was to create a virtual currency, not involving the production and use of coins or banknotes. If several types of crypto-currencies are common, Bitcoin remains the most famous and widespread. It was even the first cryptocurrency to be put into circulation. More than simply innovating through its unique concept, cryptocurrency has objectives that are just as unique and interesting.
The interest of Bitcoin is to allow simplified peer-to-peer transactions;
sending money is done directly between two people, quickly, and reducing the amount of commissions as much as possible.
Beyond allowing the sending of large sums of money, cryptocurrency tends to make means of payment accessible to all, without forcing the opening of a bank account.
Only a smartphone and an internet connection are enough, that is to say an infinite number of users.
The real price of Bitcoin changes according to fluctuations in its price.
Where to buy cryptocurrency?
Although the concept shines for its simplicity, it remains obscure for many people. More concretely, cryptocurrency works like a stock market product. The risk factor is inseparable from Bitcoin, and its chances of growing just as much. A cryptocurrency must strike the right balance between means of payment and financial asset. Very popular with investors, this virtual currency is above all a potentially profitable investment.
So, where to buy cryptocurrency?
Of all the means, that of the Bitcoin platform remains the most reliable and easy to use.
Such a cryptocurrency site is inspired by the principle of any platform dedicated to the purchase of shares on the stock market.
Except that here, it allows you to exchange virtual currencies such as Bitcoin.
Moving towards a platform like Litebit makes it possible to buy, exchange and store Bitcoins in a very high security virtual wallet.
This broker offers a large number of cryptocurrencies by displaying stock market trends in real time.
A planetary success story
This small revolution in finance has been evolving since 2008 on fertile ground. If at the time, it was possible to exchange Bitcoins for a few dollars, the price of the cryptocurrency rose to reach 57,352 euros today. Like any stock market product, the expansion of cryptocurrency is based on market fluctuations - the balance between supply and demand.
Except that the good continuation of this growth is inseparable from the maintenance of the popularity of the cryptocurrency.
Indeed, it is user demand that allows Bitcoin to increase its value, and therefore to have an impact on the stock market.
In addition to the notoriety of the crypto-currency, it is above all its ability to respond to future challenges that will allow its lasting success.
Compared to gold, Bitcoin has already managed to be considered a safe haven, a great opportunity to continue to capitalize on its strengths.
Investing in cryptocurrency: what are the French saying?
Litebit, November 8, 2021.
Growing French popularity
The FIFG pointed to a striking observation in 2021: the French are mostly familiar with cryptocurrency, but few have passed the course. The figures speak for themselves: 83% of French people know Bitcoin, 14% of them plan to invest and only 3% of respondents have already taken the plunge. This mixed popularity is a good illustration of the ignorance or fear that resists around cryptocurrency. This investment, however deemed profitable, suffers from a reputation inherent in illegal activities on the dark web.
This misconception is fading more and more to become a real investment opportunity; 51% of French people approve of this idea. There is also a divide between the generations, with young people more inclined to invest in cryptocurrency than seniors. It must be said that the greed of Bitcoin contributes to the desire to turn to a particularly successful virtual currency. But it is the risks of financial losses that prevent cryptocurrency from having only loyalists. With a very reactive price to the market and volatile investments, investing in cryptocurrency can be fraught with pitfalls. In France and elsewhere, however, the results proved that the risk was worth it.
With Litebit, it is possible until November 30, 2021, to benefit from a credit of € 20 after registration and account verification.
