How to make money on cryptocurrency and bitcoin?
The phenomenal growth of bitcoin, the most popular cryptocurrency, has encouraged the creation of new digital currencies, altcoins (buy bitcoin). Right now the bitcoin is worth 35,000-40,000$ per token. Just a year ago, the price per bitcoin ranged from 8,000-12,000$, which is 4.5 times less than it is now. Active demand is supported by investors from around the world who see unlimited growth potential on which to make money.
Why is bitcoin in demand?
Like gold, bitcoin is considered the "ultimate" resource. At the moment, a capitalization of 21 million tokens is planned, after which bitcoin issuance will cease. As of today, there are 16 million tokens in circulation. As statistics show, cryptocurrency, bitcoin in particular, is the best investment asset on the financial market at the moment.
- Phenomenal growth and limitless potential. Due to the limited number of tokens, investor demand grows day by day. The last 5 million bitcoins are skyrocketing in value because of each new token purchased. Internet resources are beginning to develop a service that allows you to pay with bitcoins. In the near future, the most popular cryptocurrency is planned to be nationalized and made a worldwide payment asset.
- Innovative Technology. Digital cash is based on modern solutions that allow cryptocurrency to be used anywhere in the world.
- Lack of reasons for the decline. The main factors influencing the fall of the most popular cryptocurrency is the fixation of investor profits, as well as bad economic events - the closure of exchanges in China, etc. Recently, the Celestial Empire abandoned bitcoin trading and shut down leading trading exchanges. Bitcoin responded with a quiet corrective pullback to 3000$ and currently has a value of 5700$.
Since the creation of cryptocurrency, investors have made huge profits. Thus, investing in financial assets provides an opportunity to improve financial health, which attracts new depositors.
Financial experts believe that bitcoin has not reached its tipping point, and all factors speak in favor of the growth of this digital cash, which may soon reach 7000$ per token. Despite the increased risks, investors continue to actively invest in the cryptocurrency, which is generating good returns. At the end of October, bitcoin is scheduled to fork and create Bitcoin Gold, which experts predict has considerable growth prospects.
Leading analysts point to several main reasons for the further increase in the value of bitcoin:
- Weakening of the U.S. dollar
Since the inauguration of Donald Trump as U.S. President, the U.S. dollar has shown weak dynamics against all currency pairs. Since the beginning of 2017, the dollar has significantly lost ground against the euro. Due to this, investors are beginning to invest in protective assets, such as gold and, more recently, bitcoin. The most popular digital cash has risen significantly due to investor concerns about the dollar.
- Investor Emotions
Most investors don't want to miss out on profits and invest on emotion while bitcoin's value increases. This contributes to a new wave of growth of the cryptocurrency.
- The bitcoin blockchain has been updated
A couple of months ago there was a software update to the bitcoin blockchain that made quite an impression on depositors. This update reduced transaction costs, accelerated settlement times, and increased network throughput.
- Bitcoin-based ETFs
Unlike their U.S. counterparts, the Canadian company Evolve Fund Group Inc managed to launch an exchange instrument, which may increase demand among investors. In the future, financial investments in the ETF financial asset are planned.
- Paying in bitcoins at Amazon
Amazon's world-famous service accepts bitcoin as a payment method. This could lead to the interest of third-party online services to introduce bitcoin as a payment method, which would increase the demand for digital cash.
- Regulated ICO exchange
As you know, all the exchanges present in the financial market are unregulated. In the near future there are plans to launch an official exchange, where bitcoins will be traded. A joint announcement was released by Overstock and RenGen. Unlike others, the exchange will be regulated by the SEC (official website). Most traders and investors are likely to switch to the new regulated exchange for bitcoin trading.
Further growth of bitcoin is due to the demand for cryptocurrency, as well as "word of mouth" - because the more users know about digital cash and the opportunity to earn on it, the greater the demand for financial investments for profit.
At the moment, there are no signs for bitcoin to fall, except for small pullbacks, which are nothing more than a correction. At the moment, bitcoin can be used to pay for cab services and to make purchases on the Internet.
Make money on the change in the value of bitcoin!
Unlike exchanges, which allow you to earn solely on the rise of cryptocurrency, a smarter solution would be to invest through a broker, which allows you to earn both on the rise and fall of digital cash. Choosing a quality trading environment represents a 50% of success.
AMarkets provides an opportunity to trade both bitcoin and other liquid cryptocurrencies - Ripple, Zcash, Ethereum, Dashcoin, Monero. Here you will find the best conditions for trading and earning on cryptocurrency!