From its appearance in 2008 to today, cryptocurrency has opened the floodgates of finance and the way to apprehend its investments. If the popularity of this dematerialized currency manages to federate its followers, many consumers remain away from this use. Curious, interested, but also circumspect, are we really ready to invest in cryptocurrency? Let’s take a look at the advantages of Bitcoin and how the French perceive this new generation currency. Cryptocurrency: Foundations and Objectives
It was in 2013 that the cryptocurrency saw its first hours. Behind this enigmatic name, a completely different mysterious name holds the reins of this revolutionary concept: Satoshi Nakamoto. His idea was to create a virtual currency, not involving the production and use of coins or notes. If several types of crypto-currencies are common, Bitcoin remains the most famous and widespread. It was even the first cryptocurrency to be put into circulation. More than just innovating with its unique concept, cryptocurrency has equally singular and interesting goals.
The interest of Bitcoin is to allow simplified peer-to-peer transactions; the sending of money is done directly between two people, quickly, and reducing the amount of commissions as much as possible. Beyond allowing the sending of large sums of money, cryptocurrency tends to make the means of payment accessible to all, without forcing the opening of a bank account. Only a smartphone and an internet connection are enough, i.e. an infinite number of users. The real price of Bitcoin evolves according to the fluctuations of its price. Where to buy cryptocurrency?
Although the concept shines by its simplicity, it remains obscure for many people. More concretely, cryptocurrency works as a stock market product. The risk factor is inseparable from Bitcoin, and its chances of fruiting just as much. A cryptocurrency must find the right balance between means of payment and financial asset. Very popular with investors, this virtual currency is above all a potentially profitable investment.
But then, where to buy cryptocurrency? Of all the means, that of the Bitcoin platform remains the most reliable and easy to use. Such a cryptocurrency site is inspired by the principle of any platform dedicated to the purchase of shares on the stock exchange. Except that here, it allows you to exchange virtual currencies such as Bitcoin. Moving towards a platform like Litebit allows you to buy, exchange and store Bitcoins in a virtual wallet of very high security. This broker offers a large number of cryptocurrencies by displaying in real time the trends of the stock market. A global success story
This small revolution in finance has been evolving since 2008 on fertile ground. If at the time, it was possible to exchange Bitcoins for a few dollars, the price of the cryptocurrency has risen to reach 57,352 euros today. Like any stock market product, the expansion of cryptocurrency is based on market fluctuations, the balance between supply and demand.
Except that the good continuation of this growth is inseparable from maintaining the popularity of the crypto-currency. Indeed, it is the demand of users that allows Bitcoin to increase its value, and therefore to have an impact on the stock market. In addition to the notoriety of the crypto-currency, it is above all its ability to meet future challenges that will allow it its lasting success. Compared to gold, Bitcoin has already managed to be considered a safe haven, a great opportunity to continue to capitalize on its assets.
Investing in cryptocurrency: what do the French say? Litebit, November 8, 2021.Growing French popularity
The FIFG pointed out in 2021 a striking observation: the French are mostly aware of the crypto-currency, but few have passed the course. The figures speak for themselves: 83% of French people know Bitcoin, 14% of them plan to invest and only 3% of respondents have already taken the plunge. This half-hearted popularity illustrates well the ignorance or fear that resists around the crypto-currency. This investment, which is considered profitable, suffers from an inherent reputation for illegal activities on the dark web.
This misconception is fading more and more to become a real investment opportunity; 51% of French people approve of this idea. There is also a divide between generations, with young people more inclined to invest in cryptocurrency than seniors. It must be said that the lure of the gain of Bitcoin participates in the desire to turn to a particularly fruitful virtual currency. But it is the risks of financial losses that prevent the cryptocurrency from having only followers. With a very responsive market price and volatile investments, investing in cryptocurrency can be fraught with pitfalls. In France and elsewhere, however, the results proved that the risk was worth it.
With Litebit, it is possible until November 30, 2021, to enjoy a credit of € 20 after registration and verification of the account.