In 2017, the rise of an alternate currency was on the rise and over the past 3 years has become a global phenomenon. Even the dot-com bubble of the late ’90s pales in comparison, with the rise of the most well known and most-valued cryptocurrency, Bitcoin. The overwhelming success of Bitcoin led to the rise and added value of other cryptocurrencies such as Dogecoin and Ethereum. During 2017 the price of a single Bitcoin came in at $1,000 and is now valued at more than $38,000 ushering the use of the currency by companies and the man on the street. Since its rise, many service providers have developed and launched technology to assist a mainstream audience and take advantage of all that cryptocurrencies have to offer.
The system and process of mining cryptocurrencies can be complicated at times, not to mention trading and investing in the various options that are now available. Once Bitcoin saw a massive jump in popularity with those who took the time to mine Bitcoin, it came time to buy and sell the commodity to produce monetary value. Those who invested in Bitcoin at the start of its rise, have not been disappointed with the results it has yielded. Companies have also created user platforms that help the everyday individual to invest, buy and trade cryptocurrencies such as Coin Assistant and thebitcoin loophole app. These platforms assist mainstream consumers with their digital assets and make it easier to manage and control it by use of Artificial Intelligence and what are called “robot brokers”.
Money Needed to Join
The technical details fade into the background when using one of these platforms to interact with the cryptocurrency market. Most exchanges, or platforms, are free to sign up and may require a minimum deposit to start trading. Given that any amount of money can be used to buy a portion of a Bitcoin, depending on the current price it’s set on in the market. There is no set minimum and it all depends on which platform the consumer chooses to use and there are many options out there.
Many online businesses have started embracing Bitcoin and other cryptocurrencies, as it is an extremely safe and efficient way to transact. Companies such as Microsoft, PayPal, Twitch as well as several other online casinos all accept cryptocurrencies as a valid means of payment and its popularity is only growing. There is a cap to how many coins are allowed to be in the market, with Bitcoin the maximum amount of coins that will ever exist is set at 21 million, with 18.5 million already mined and in circulation. This gives the cryptocurrency esteem that is akin to rare commodities such as gold, which speaks to the potential it has to be extremely lucrative if you own or trade Bitcoin. Even if you are someone who purchased a Bitcoin or a portion of it and is now sitting with it, it is sure to be an investment worth holding on to.