After several attempts by entrepreneurs since the 1990s, Bitcoin is the first viable cryptocurrency created in 2008 by Satoshi Nakamoto, whose identity remains a mystery. With a capitalization that has temporarily crossed $1 trillion, Bitcoin remains the leader of cryptocurrencies with nearly 40% dominance. Its fluctuations drive all cryptocurrency prices.
Bitcoin (BTC) price: what is the current price?
Here is the live Bitcoin price.
Bitcoin was created by Satoshi Nakamoto as an alternative to traditional payment systems around banks. This may interest you: Crypto The Sandbox (SAND): Should You Buy SAND? Opinion, analysis and forecast 2022† Cryptocurrency is the forerunner of a new type of secure P2P value exchange. It is also the first application of blockchain technology.
The Bitcoin project is open source and is today maintained by volunteer developers and supported by several societys of blockchain. Updates offered by Bitcoin Core developers are peer-reviewed to ensure they adhere to Bitcoin ethics and are free from bugs. Wladimir Van der Laan now heads the network maintenance team. Pieter Wuille, Marco Falke, Michael Ford, Jonas Schnelli and Samuel Dobson are among the Bitcoin developers.
How does bitcoin work?
Each bitcoin is essentially computer data stored in a digital wallet. Bitcoins can be sent to your wallet and you can transfer them to other people.
Every transaction is recorded on its blockchain, a ledger. This allows individuals to track the transaction history of Bitcoins. This may interest you: Crypto Fantom (FTM): Should You Buy FTM? Opinion, analysis and forecast 2022† There are mainly three methods of getting Bitcoins:
Bitcoins can be bought with fiat currency: euro, dollar, yen, etc. Your counterparty sends your Bitcoins to your wallet.
You can accept them as a means of payment for services rendered.
You can invest in special Bitcoin mining pools and earn Bitcoin rewards.
Crypto BTC: Our Opinion and Forecast for 2022
- Bitcoin Global Mirror Mag Rating: 7/10
Bitcoin Project Reviews
The Bitcoin project is innovative and has paved the way for other blockchain-related innovations. Although the blockchain does not come standard with advanced decentralized financial functions, Bitcoin remains the most trusted cryptocurrency in the field of cryptocurrency.
Bitcoin is highly liquid and allows for short-term trading. Compared to altcoins it is: relatively stable†
Bitcoin is falling towards its former resistances that have turned into supports. These are good buying points for the cryptocurrencies†
Long term BTC price forecast
Conclusion – should you invest in Bitcoin crypto? Where and how to buy?
Bitcoin will remain the leading cryptocurrency for some time to come and will continue to be a benchmark for the cryptocurrency market. It is a good value for diversification.
To trade this cryptocurrency, the eToro broker is best suited. In addition to buying tokens, this platform allows you to trade crypto CFDs in the short term without having to hold onto the tokens.
Step 1 : Use the search bar of the eToro platform to find the cryptocurrency.
2nd step : Then click “Invest” to enter the amount of cryptocurrency to buy and validate the transaction.
Buy Bitcoin to invest
To invest in this cryptocurrency by holding it in a wallet, go to the Binance platform.
Step 1 : Go to the “Buy Cryptos” tab and then choose the payment method of your choice.
2nd step : Select the crypto you want to buy and proceed with the secure payment. Then the cryptocurrencies are credited to the special wallet.
Read this article to find out how to buy cryptocurrency on Binance.
Useful Resources to Invest in Bitcoin (BTC)
In the news
On Thursday, Federal Reserve Chair Jerome Powell said a 50 basis point (0.5 percentage point) hike in the US benchmark interest rate “will come on the table” for the next meeting of the Federal Open Market Committee (FOMC) in May. So far this year’s monetary policy tightening has been a headwind for speculative assets such as stocks and cryptocurrencies.