How To Make Money On Cryptocurrencies And Bitcoin’s Exchange Rate?
The mind-blowing surge of the most popular cryptocurrency, bitcoin contributed to the creation of new digital cash – altcoins. At the moment, the cost of bitcoin accounts for $5500-6000 per token. Just one year ago the price of one bitcoin fluctuated in the range of 800-1000$, which is 5.5 times less than at the moment. The active demand is supported by investors from all over the world, who see unlimited growth potential, where one can earn money.
Why is bitcoin in demand?
Just like gold, bitcoin is considered to be a true resource. At the moment, capitalization is planned in the amount of 21 million tokens, after which the output of bitcoin will cease. Currently, there are 16 million tokens in circulation. As the statistics show, cryptocurrencies, appear to be the best investment asset in the financial market today. It particularly applies to bitcoin.
- Phenomenal growth and unlimited potential: Due to a limited number of tokens, investor demand is growing day by day. The last 5 million bitcoins are rapidly increasing in value with each new purchased token. Internet resources are beginning to develop a service that allows you to pay with bitcoins. Soon the most popular cryptocurrency is planned to be nationalized and made a worldwide payment asset.
- Innovative technologies: Digital cash is based on modern solutions that allow you to apply cryptocurrencies in any part of the world.
- No reason to decline: The main factors causing the fall of the most popular cryptocurrency is fixation of investor’s profit, as well as bad economic events – the closure of stock exchanges in China, etc. In recent times, China refused to trade bitcoin and closed the leading trading exchanges. Bitcoin reacted to this with a calm corrective rebound to the level of $3000, and currently it’s worth $5700.
Since the creation of the cryptocurrency, investors have made huge profits. Thus, investing in financial assets makes it possible to improve the financial state, which attracts new investors.
Financial experts believe that bitcoin has not reached its critical point, and all factors support the growth of this crypto asset, which might soon reach $7,000 per token. Despite the increased risks, investors keep investing actively in the cryptocurrency, which brings good profits. At the end of October, the fork of bitcoin and the creation of Bitcoin Gold are planned, which, according to experts, has considerable prospects for growth.
Leading analysts note several main reasons for the further increase in the cost of bitcoin:
- Weakening of the US dollar
Since the inauguration of Donald Trump for the presidency of the United States, the US dollar has been showing weak dynamics relative to all currency pairs. Since early 2017, the US dollar has significantly lost its position relative to the euro. Due to this, investors are beginning to invest in protective assets, such as gold, and recently bitcoin. The most popular crypto asset has grown significantly due to investor fears about the evergreen buck.
- Emotion of investors
Most investors do not want to lose profits and invest in emotions, while the cost of bitcoin increases. This contributes to a new wave of growth of the cryptocurrency.
- The bitcoin blockchain was updated
A couple of months ago there was a software update of the bitcoin blockchain, which made a huge impression on the depositors. This update has reduced transaction costs, accelerated the estimated time and increased network bandwidth.
- Bitcoin-based ETF
Unlike American colleagues, the Canadian company Evolve Fund Group Inc managed to launch a stock financial instrument, because of which the demand among depositors may increase. In the future, investments in the financial asset ETF are planned.
- Payment in bitcoins in Amazon
The world-famous service Amazon accepts bitcoin as payment. This can encourage the third-party Internet services to introduce bitcoin as a method of payment, which will increase the demand for this crypto asset.
- The regulated ICO exchange
As you know, all the stock exchanges present on the financial market have no regulation. Soon, it is planned to launch an official exchange where bitcoin trading will be conducted. A joint announcement was issued by Overstock and RenGen. Unlike others, the exchange will have a SEC regulation (the official website). Most traders and investors will most likely move to this new regulated exchange to trade in bitcoins.
Further growth of bitcoin is due to the demand for the cryptocurrency, as well as so-called “word of mouth” – because the more users are aware of the crypto asset cash and the opportunity to earn on it, the greater demand for financial investments to derive revenues will be.
At the moment there are no signs of the fall of bitcoin, except for small rebounds, which are nothing more than a correction. You can currently pay in bitcoin for taxi services. Feel free to use it to make purchases on the Internet.
Hurry up to earn money on changing the cost of bitcoin!
Unlike exchanges, which allow you to earn only on the growth of the cryptocurrency, a more reasonable solution will be to invest via a broker, which enables you to earn no matter it’s diving or going up. The choice of good conditions for trade determines 50% of the entire success.
AMarkets provides an opportunity to trade both in bitcoin as well as other liquid cryptocurrencies, such as Ripple, Zcash, Ethereum, Dashcoin, Monero. Here you will find the best conditions for trading and making money on the cryptocurrency!