Everything you need to know before investing in Bitcoin

And how is Bitcoin valued?

Due to the scarcity and its great use, that what the people of the world decide their value, and this is merely as anything that exists that is scarce, for example, if water is scarce in any country, this makes its price increase, another example tell the extravagant car Cadillac Panther 6 which is not a car that has won races or participated in a historic event to have a value of $ 220 thousand dollars, its value is because only 2 cars were created in all the world. So this makes it clear that the value is given by people, due to their scarcity and their desire for it. It is mere supply and demand, as long as it continues to show its great value and the blockchain system cannot be hacked and someone can simply create thousands of bitcoins out of nothing, without effort as you mine (already defined by the same system).

 

At the time of writing the article on November 26, 2017 there is   $ 301,178,401,133 USD invested in cryptocurrencies , Bitcoin has only $ 162,046,515,761 USD, with a price per bitcoin $ 9,701 USD per bitcoin.

One of the questions that people ask is: And who has all that money?

 

In itself all that money is the one that represents the purchase and sale between individuals, for example if I have a bitcoin that cost me $ 8,000 USD after a while, and knowing that the current price is $ 9,701 USD mentioned and I want to sell it in $ 10,000 USD , so I put a sales order and if someone wants to pay that money is transferred to me and I can make Mexican Pesos, dollars or any currency by sending them to the bank, so the answer is, there is not anyone who has all that money, but the owners of bitcoins and who want to change them at a certain time.


  • Mildred Mill

    I had no idea how bitcoin worked

  • Benjamin Cobb

    Awesome

  • Ruka

    Thanks for the info. The high volatility of bitcoins price does not seem attractive to me so I won’t be investing in them.

  • amy

    Ummm too complicated

  • Janet Graham

    Interesting read

  • Darlene Harding

    Informative

  • Benjamin Reveles

    Hmmm

  • Kathryn Clark Ingersoll

    I hope you give me the diamonds that I was promised for reading this article because I only do business with honest companies

  • Alecsandra Ribeiro Cavalcante

    Interessante

  • Melanie Roy

    Excellent

  • CEM

    Learned something new.

  • Ellen Little

    Informative but complicated

  • Yours Truly

    Learned a lot of from this article.

  • Jane doe

    Learned a lot

  • Darcy Stephen

    Here

  • Yt

    Interesting

  • Ellen Little

    Fascinating

  • Brittany

    This is great info! Thanks for sharing

  • Loraliforanimals

    I have always wondered aboutl bitcoins

  • Donald

    Thanks for the info

  • Nérd Marshall Houle

    That’s good

  • Kristen Clougherty

    Cool.

  • adele

    Hummm ok

  • Julie-Anne Trottier

    Great article

  • Interesting

  • Janet Marie

    Humm

  • kathie

    oh ok

  • Sadie Taylor Bippies

    Very informative

  • Wanda M. French

    Ok

  • Jessie

    Good

  • Jessie

    Good deal

  • Jessie

    Dkne

  • Jf

    Jj

  • Tonya Matthews

    Very imformal

  • Audra Chelise Marie

    Interesting

  • Tina

    Cool

  • Jennifer Keown

    Technology is amazing. I will consider investing in Bitcoin. Thanks!

  • Bo

    Cool

    • Kwistine

      Yep

  • Colld

    Cool

  • Katty

    good

  • Jack

    GOOD

  • Kwistine

    Hello

  • Mia Rue

    Very interesting, technology is rapidly changing and this is an investment that seems to have an additional advantage financially.

  • curtis dreger

    Good info

  • Carlos Robinson

    Advice

  • Jhon

    Nice

  • Kwistine

    Very interesting, Now I can say that I know how bitcoins work

  • Patrick

    Very informative, thank you!

  • Pamala Plechus

    Very informative.

  • Rime

    Interesting

  • Janet

    Now I think I understand. Good article.

  • Gina Q

    Very interesting

  • carol

    Great article

  • Remma

    Interesting

  • Remma

    Very interesting

  • vinooo

    rshdhdgr sgdgdgd ddvd

  • Skylar

    Good to know, been hearing so much about Bitcoin except how it works exactly

  • Kim Oliva

    Thanks for the info, although I find it very risky.

  • Chandra Hicks

    Interesting article

  • Annettw

    Very interesting reading. I’ve seen headings regarding Bitcon in magazines, wondered what it was all about, & I actually passed this info. on to my husband. Thank you

  • Maiah Clark

    Wonderful article

  • Lowly Carb

    Good info

  • Patricia Hughes

    Great article

  • Andrée Naud

    First I hear about it

  • Lora Stone

    Good info

  • Jp

    Great

  • LaTonya N Rencher

    I always wanted to learn the in’s and out’s of bit coin . Thank you for your very useful information.

  • Nads La Tannante

    Cool info

  • Shiny

    Greag

  • Beatrice Coleman

    Bitcoin article completed reading.

  • Carolle Moosaie

    Good to know!

  • Judith Wash

    Thinking about investing

  • Kim

    Always interesting to learn where to invest

  • Xori

    Intersting investment idea

  • Katty

    good

  • Juan

    Real interesting. Thanks a lot.

  • Judy Sparks

    Interesting

  • Shirley

    Great to know

  • Val

    Intriguing! It’s always good to have knowledge of what’s new to invest in and/or look out for!

  • Cathy Flory

    Interesting

  • Donald

    Looking for my diamonds

  • Czee

    Good info

  • Randy Smith

    Awesome

  • Quayshana Alexander

    Interesting

  • Denzel Jolliff

    Not sure about this, but it is interesting.

  • Kim Winkelman

    It’s always interesting to read about bitcoin

  • Judy Sparks

    I learned a lot with this article.

  • Darlene Daniels

    Good info

  • Luna Mccoy

    Not for me but interesting read

  • Celeste Dias

    Still like real coin

  • Ellen Little

    Great article!..ALOT of information to think about!