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Bitcoin’s rate

Bitcoin is potentially the most promising investment in the world. Thousands of people on the planet have become rich in a big way by investing only a part of their financial resources in this asset. Not surprisingly, the question about the Bitcoin exchange rate is now top in all search engines.

Bitcoin cryptocurrency characteristics

Actual description of the Bitcoin cryptocurrency describes this financial asset as one of the most secure and secure in the world:

  • Bitcoin is decentralized - all its transactions are confirmed, recorded and stored by a huge database of miner devices around the world;
  • BTC transfers are much cheaper than classic financial transactions (there have been cases when a bit less than $100 was paid for a Bitcoin transfer in the equivalent of $1 billion);
  • Bitcoin is extremely resistant to a potential 51% attack (for a number of technological and purely financial reasons);
  • The supply of the coin is limited to only 21 million coins, which makes BTC very different from both fiat and most digital coins;
  • The title and psychological role of “digital gold” has been assigned to the coin — the face of the entire crypto-currency market, so the coin does not depend on other assets and their problems;
  • buying or selling bitcoin is easy, the coin is super liquid;
  • Bitcoin is recognized as an excellent option for protecting savings in underdeveloped countries with lame economies.

Of course, there are also disadvantages in the characteristics of BTC: increased volatility, not the most pleasant commissions for withdrawing to fiat (up to 2-5%), vulnerability to the restrictions of state regulators, increased attention from scammers, lack of clear state protection.

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How to store Bitcoin

When asked how to store Bitcoin, we always recommend three options:

  1. An online wallet with the Matbea exchange function (supports rubles, has a complex security system, dozens of supported currencies and the ability to transfer Bitcoin from wallet to wallet for free within the system).
  2. Top exchanges: Binance, Huobi, Coinbase.
  3. Vaults recommended on the official BTC website (most of them are only suitable for storage, but they cannot be used to buy and sell Bitcoin, as in the previous two options).

Bitcoin weighted average

Studying the weighted average rate of Bitcoin, it is not difficult to understand that it is this coin that moves the entire market with it. As soon as Bitcoin rises in price, most of the TOP-20 coins grow by about the same amount. With the fall of “digital gold”, the rest also lose.

The latest price movement forecasts give cause for optimism and faith in long-term buying strategies and waiting for “to the Moon”.

How to make money with Bitcoin

Understanding how to make money on Bitcoin on the modern Internet is not difficult. This can be done in several directions at once, described in the articles:

  • mining farm — about launching your own full-fledged mining;
  • setting up windows for mining - how to prepare the operating system for mining BTC;
  • Bitcoin future and mining costs - how to navigate the long-term financial strategy in the process of mining, trading or holding a coin.

Reasons for Bitcoin rate changes

Now the reasons for changes in the Bitcoin exchange rate are extremely diverse. The main ones can be safely called the following:

  • limited issue of the coin and its gradual increase in scarcity;
  • information agenda and articles about the coin from analysts;
  • periodic panic or surge of interest based on price action;
  • decisions on restrictions regarding BTC from the leadership and regulators of key countries of the world;
  • behavior of "whales", which are called large owners of the coin.