What You Need to Know About Bitcoin (BTC) Before You Seriously Consider Investing in Cryptocurrency

After several attempts by entrepreneurs since the 1990s, Bitcoin became the first viable cryptocurrency, created in 2008 by Satoshi Nakamoto, whose identity remains a mystery. With a capitalization that has temporarily crossed the $1,000 billion mark, Bitcoin remains the leader among cryptocurrencies with a dominance of almost 40%. Its fluctuations affect all cryptocurrency prices.

Bitcoin (BTC) price: what is the current price?

Here is the current price of bitcoin.

What you need to know about bitcoins

Creation of BTC cryptocurrency

Bitcoin was created by Satoshi Nakamoto as an alternative to traditional bank-based payment systems. 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 societyfrom the blockchain. Updates proposed by the Bitcoin Core developers are peer-reviewed to ensure that they comply with Bitcoin ethics and are free of bugs. Vladimir Van der Laan is now Head of the Network Maintenance Group. Peter Wille, Marco Falke, Michael Ford, Jonas Schnelli and Samuel Dobson are among the developers of Bitcoin.

How does bitcoin work?

Each bitcoin is essentially computer data that is stored in a digital wallet. This may interest you: Crypto Fantom (FTM): Should You Buy FTM? Opinion, analysis and forecast 2022. Bitcoins can be sent to your wallet and you can transfer them to other people.

Each transaction is recorded on its own blockchain, which is a public ledger. This allows individuals to track the history of bitcoin transactions. There are basically three ways to get bitcoins:

  • Bitcoins can be purchased with fiat currency: euro, dollar, yen, etc. Your counterparty sends your bitcoins to your wallet.

  • You can accept them as a payment method for services rendered.

  • You can invest in dedicated bitcoin mining pools and earn bitcoin rewards.

Crypto BTC: our opinion and forecast for 2022

Reviews of Bitcoin Projects

The Bitcoin project is innovative and has paved the way for other blockchain-related innovations. This may interest you: Crypto Avalanche (AVAX): is it time to invest in AVAX? Opinion, analysis and forecast 2022. Even though its blockchain is not natively equipped with advanced decentralized finance features, Bitcoin remains the most trusted cryptocurrency in the cryptocurrency space.

Price Volatility Notice

Bitcoin is highly liquid and allows for short-term trading. Compared to altcoins, it is relatively stable.

Medium-term BTC price forecast

Bitcoin falls to its former resistances, which have become support. These are good points to buy. crypto.

Long term BTC price prediction

Many analysts suggest that price targets range from $100,000 to $1 million per bitcoin. The lower range of this range at $100,000 remains very relevant in the long term.

Conclusion – Should You Invest in Bitcoin Cryptocurrency?

Bitcoin will remain the leading cryptocurrency and the benchmark of the cryptocurrency market for some time to come. This is a good value for diversification.

Useful Resources for Investing in Bitcoin (BTC)

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