Why is it important to invest?
Now we hear more and more about investing in cryptocurrency. Why is it so popular now and why should it be done? Today we'll figure it out.
In order to find crypto to buy, you need to find a good exchange. To do this, you should read the reviews and study each presented option, in order not to make a mistake with the choice.
How does cryptocurrency work?
The price of any product is a balance of supply and demand. If there are more buyers than sellers, then the price rises. Cryptocurrency cannot be counterfeited by enterprising Chinese, and new coins appear according to a pre-compiled formula. The demand for cryptocurrency is growing faster than the number of new coins.
In the early years of Bitcoin's existence, no one bought it. New coins were mined by mining, received as a reward for signing blocks with transactions. But then Laszlo Heinitz offered 10,000 Bitcoins to someone who would pay him two pizzas at home. Such a person was found and Bitcoin for the first time received a value of 0.4 cents for 1 BTC.
Crypto enthusiasts picked up the idea and began to exchange Bitcoins for anything, including money. Someone, for example, offered their services as a programmer only in exchange for Bitcoins. The employer had to buy Bitcoins for dollars in order to get the necessary services. This is how the value of Bitcoin was formed in the early years of the existence of the cryptocurrency.
The cryptocurrency was gaining popularity, more and more people wanted to play with the new money. Due to the influx of people with powerful computers, mining became difficult, it was more profitable to buy cryptocurrency than to get it yourself.
In 2014, Bitcoin was talked about in the press, serious investors assessed the prospects of the cryptocurrency and invested serious money in it, creating an artificial shortage. And now its price is simply unrealistic and ranges from $ 40,000 to $ 60,000.
Therefore, we can say with confidence that investing is our future. And now everyone has the opportunity to buy any coin in any quantity. The main thing is to do everything reasonably and measuredly. It is worth not forgetting that everything happens in life and any project in which you invest can fail. Therefore, spend the amount of money that you do not mind losing. And then success will definitely get to you.