After several attempts by entrepreneurs since the 1990s, Bitcoin is the first viable cryptocurrency created in 2008 by Satoshi Nakamoto, whose identity remains a mystery. With a capitalization having temporarily crossed 1000 billion dollars, Bitcoin remains the leader of cryptocurrencies with a dominance of almost 40%. Its fluctuations drive all cryptocurrency prices.
Bitcoin (BTC) price: what is the current price?
The essentials to know about Bitcoin
Creation of BTC crypto
Bitcoin was created by Satoshi Nakamoto as an alternative to traditional payment systems centered around banks. Cryptocurrency is the precursor to 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 maintained today by volunteer developers and supported by several blockchain companies. Updates offered by Bitcoin Core developers are peer-reviewed to ensure they adhere to Bitcoin ethics and are free of bugs. Wladimir Van der Laan now leads the network maintenance team. Pieter Wuille, Marco Falke, Michael Ford, Jonas Schnelli and SamuelDobson are among the Bitcoin developers.
How does bitcoin work?
Each bitcoin is essentially computer data that is stored in a digital wallet. Bitcoins can be sent to your wallet, and you can transfer them to other people.
Each transaction is recorded on its blockchain, which is a public ledger. This allows individuals to track the transaction history of Bitcoins. There are mainly three methods to get Bitcoins:
Bitcoins can be purchased with fiat currency: euro, dollar, yen, etc. Your counterparty sends your Bitcoins to your wallet.
You may accept them as a method of payment for services rendered.
You can invest in dedicated Bitcoin mining pools and earn Bitcoin rewards.
Crypto BTC: our opinion and prediction for 2022
- Bitcoin Global Mirror Mag Rating: 7/10
Bitcoin Project Reviews
The Bitcoin Project is innovative and has paved the way for other blockchain-related innovations. Even though its blockchain is not natively equipped with advanced decentralized finance features, Bitcoin remains the most trusted cryptocurrency in the cryptocurrency sphere.
Price Volatility Notice
Bitcoin is very liquid and allows for short-term trading. Compared to altcoins, it is relatively stable.
Mid-Term BTC Price Prediction
Bitcoin is falling towards its former resistances that have become supports. These are good buy points for crypto.
Long term BTC price prediction
Many analysts assume price targets ranging from $100,000 to $1 million for one Bitcoin. The lower range of this range at $100,000 remains very relevant over the long term.
Conclusion – should you invest in Bitcoin crypto? Where and how to buy it?
Conclusion of our Bitcoin review
Bitcoin will remain the leading cryptocurrency for quite some time and will remain a benchmark for the cryptocurrency market. It is a good value for diversification.
Buy Bitcoin (BTC) to trade
To trade this cryptocurrency, the eToro broker is the most suitable. In addition to buying the tokens, this platform allows you to trade short-term crypto CFDs without having to hold the tokens.
Step 1 : Use the search bar on the eToro platform to find the cryptocurrency.
Step 2 : then click on “Invest” to give the amount of cryptocurrency to buy and validate the transaction.
Buy Bitcoin to invest
To invest in this cryptocurrency by holding them in a wallet, go to the Binance platform.
Step 1 : Go to the “Buy cryptos” tab and choose the payment method of your choice.
Step 2 : select the crypto to buy and proceed to secure payment. Then, the cryptocurrencies will be credited to the dedicated wallet.