Would you like to invest in Bitcoin but are not sure how?
You can avoid nasty surprises with the following tips from Stiftung Warentest.
The cryptocurrency Bitcoin has only existed since 2009 - and has been one of the absolute stock market winners ever since. For example, the shares of the Bitcoin Group climbed to an unprecedented high - with a price increase of more than 700 percent this year, as the finance
portal Gevestor
informs. But Bitcoin is a volatile cryptocurrency, which means that its price fluctuates greatly. For those who are willing to take risks, buying and so-called “mining” bitcoins is exactly the right thing to do.
But there are also ways to benefit from the Bitcoin hype if you are more averse to taking the risk.
What is actually meant by the term Bitcoin? The word is made up of the word for the smallest digital unit, the bit, and the English word coin for coin. Bitcoin, or BTC for short, is a cryptocurrency. So there are neither bills nor coins *: It is a purely virtual good consisting of a digital string, as the Stiftung Warentest, the largest German consumer organization, informs. The comparison with gold is done in this way: Because there is no real value behind the Bitcoin.
You can buy or "mine" bitcoins.
The latter is a process with which users can produce Bitcoins themselves.
This process, which runs on the processor of the graphics card, is called mining.
More blocks are added to the Bitcoin block chain and the miners receive a reward in the form of Bitcoins, as
pcwelt.de
informs.
+
In some shops (like here in New York) Bitcoin is allowed as a means of payment.
© Richard B. Levine / www.imago-images.de
Bitcoin: "Real, decentralized cryptocurrencies (...) are not dubious per se"
A virtual currency that can be multiplied independently and that is traded using what is known as blockchain technology. How safe is it really? "Real, decentralized cryptocurrencies that are mined and traded with the help of blockchain technology are not dubious per se," said Stiftung Warentest.
However, speculation on Bitcoin and other cryptocurrencies is like going to the casino.
You can make a lot of money quickly - but you can also lose it. “Only use money that you don't need. You can lose everything, ”so the urgent advice from Stiftung Warentest.
Computerbild
recommends that anyone who wants to benefit from the upswing in Bitcoin without risking too much can invest in a Bitcoin share
.
These are stocks of companies that are benefiting directly or indirectly from the Bitcoin boom.
Those who do not want to invest their money directly in Bitcoin due to the high risk can, for example, invest in stocks such as the Bitcoin Group. It is a holding company based in Germany that specializes in innovative and disruptive business models and technologies in the fields of cryptocurrencies and blockchain. The chip manufacturer AMD or Nvidia as developers of graphics processors also benefit from the Bitcoin hype - and should be
computerbild.de
according to also offer as an investment opportunity.
(jg) * Merkur.de is an offer from IPPEN.MEDIA.
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These seven tips will save you a lot of money in everyday life
These seven tips will save you a lot of money in everyday life
List of rubric lists: © Richard B. Levine via www.imago-images.de