in late January of 2021, the strategists of the American giant JP Morgan decided that Bitcoin could reach 146 thousand dollars because it competes with gold as an asset, but as a general rule in this area is that the cryptocurrency market is an unpredictable market. with it.
Why has Bitcoin prices doubled in recent years?
This currency was created in 2009 and it was in that period so cheap that 10 bitcoin for one penny, and on March 22, 2010, the first exchange was made for one bitcoin, and from that period on, bitcoin began to rise until it became one bitcoin equal to one dollar, and these jumps in bitcoin prices see To the quality of the people who trade and deal in this digital currency by major companies and it has become a transaction tool, especially after Elon Musk entered the line, the value of this currency increased, and even some countries have become dependent on this currency, as is also due to the high price of bitcoin, which is the small number of this currency in the world There are 18 million Bitcoins worldwide.
Ways to obtain Bitcoin
First) Buying Bitcoin, it is bought by investors and they monitor the fluctuation of its price in the market, and this is a dangerous process. There are markets for selling digital currency.
II) Accepting Bitcoin as a payment method.
III) This bitcoin mining requires very high potential.
Fourth) investment in the field of digital currencies.
It should be noted only that Bitcoin does not have a physical presence like other regular currencies, it is a digital currency and there are public keys and private keys for the owner of the currency and it has a private wallet, and that this currency is traded through private markets for trading digital currencies such as stock markets, the word “forex” Refers to the foreign exchange market or the global exchange of foreign currencies, which is an abbreviation of the economic term from the foreign language, “Foreign Exchange Market,” meaning “Foreign Exchange Market,” which is a market that extends all over the world where currencies are exchanged by several participants, such as global banks And international institutions, financial markets, and individual traders.
Types of digital currencies:
Bitcoin :
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Digital currencies
Digital currencies
Digital currencies (Cryptocurrencies)
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What are cryptocurrencies?
Digital currency is an electronic currency, which is designed to be exchanged between people in virtual transactions. Cryptocurrencies are provided in the form of data and not as physical objects. You actually can't keep Bitcoin in your hands or the Ethereum in your locker. Owning a bitcoin currency means that you have a collective agreement from every computer ready on the bitcoin network that you currently own and most importantly, that it was created legitimately with a metal. AvaTrade is an industry-leading broker with some of the best trading conditions available, including the lowest cryptocurrency spreads in the market.
What do prospectors do
Cryptocurrencies are treated as cash but mined like. Mining is simply checking the encryption process. All over the world people transfer electronic currencies from wallet to wallet, while prospectors use computer processing power to maintain a "blockchain" database and verify these transactions.
What is blockchain?
It is a list of transaction records, called blocks, which is encrypted and linked to each other. Blockchain is continuously growing and completely open to anyone. Each block in the blockchain contains:
1- Details of the sender and recipient and the amount of electronic currencies
2. “Hash”, meaning the combination, which acts as a unique imprint
3. Hash the previous block in the chain
When a new block is created, it is sent to all users in the network. After that, each user validates the block and then adds it to the blockchain.
Each of the cryptocurrencies in existence today has its own blockchain, and the complex accounts at the heart of the blockchain data are computer-generated. In order to make a transaction on a blockchain, you need an e-wallet (or cryptocurrency wallet)
Why trade cryptocurrencies with AvaTrade?
Start trading with an amount starting at $ 100
Take advantage of a wide range of the best cryptocurrencies in circulation today
Competitive swap rates
You can digital currency and make profits when its price drops
There is no risk of wallet being hacked or stolen
Leverage of up to 20: 1
24/7 customer service available in 14 languages
Live quotes and live charts for reference
Trade on strobe
Seize market opportunities and trade wherever you are using the AvaTrade Go app
The most popular digital currencies today:
bitcoin
Not only has this powerful currency opened the doors to other currencies, it is also proudly leading the world of cryptocurrencies. It was decided that no additional Bitcoin would be produced, as it was agreed that the maximum quantity would be 21 million Bitcoins. At the launch of Bitcoin, the price was $ 1 for 1,309 BTC. As a result, the currency witnessed a great development, bringing the price of Bitcoin to its highest level ever in 2017 at $ 19,783.21, and of course such an important event for Satoshi Nakamoto, founder of Bitcoin.
Ethereum :
Digital currencies
Digital currencies
Digital currencies (Cryptocurrencies)
Start trading the leading digital currencies
What are cryptocurrencies?
Digital currency is an electronic currency, which is designed to be exchanged between people in virtual transactions. Cryptocurrencies are provided in the form of data and not as physical objects. You actually can't keep Bitcoin in your hands or the Ethereum in your locker. Owning a bitcoin currency means that you have a collective agreement from every computer ready on the bitcoin network that you currently own and most importantly, that it was created legitimately with a metal. AvaTrade is an industry-leading broker with some of the best trading conditions available, including the lowest cryptocurrency spreads in the market.
What do prospectors do
Cryptocurrencies are treated as cash but mined like. Mining is simply checking the encryption process. All over the world people transfer electronic currencies from wallet to wallet, while prospectors use computer processing power to maintain a "blockchain" database and verify these transactions.
What is blockchain?
It is a list of transaction records, called blocks, which is encrypted and linked to each other. Blockchain is continuously growing and completely open to anyone. Each block in the blockchain contains:
1- Details of the sender and recipient and the amount of electronic currencies
2. “Hash”, meaning the combination, which acts as a unique imprint
3. Hash the previous block in the chain
When a new block is created, it is sent to all users in the network. After that, each user validates the block and then adds it to the blockchain.
Each of the cryptocurrencies in existence today has its own blockchain, and the complex accounts at the heart of the blockchain data are computer-generated. In order to make a transaction on a blockchain, you need an e-wallet (or cryptocurrency wallet)
Why trade cryptocurrencies with AvaTrade?
Start trading with an amount starting at $ 100
Take advantage of a wide range of the best cryptocurrencies in circulation today
Competitive swap rates
You can digital currency and make profits when its price drops
There is no risk of wallet being hacked or stolen
Leverage of up to 20: 1
24/7 customer service available in 14 languages
Live quotes and live charts for reference
Trade on strobe
Seize market opportunities and trade wherever you are using the AvaTrade Go app
The most popular digital currencies today:
bitcoin
Not only has this powerful currency opened the doors to other currencies, it is also proudly leading the world of cryptocurrencies. It was decided that no additional Bitcoin would be produced, as it was agreed that the maximum quantity would be 21 million Bitcoins. At the launch of Bitcoin, the price was $ 1 for 1,309 BTC. As a result, the currency witnessed a great development, bringing the price of Bitcoin to its highest level ever in 2017 at $ 19,783.21, and of course such an important event for Satoshi Nakamoto, founder of Bitcoin.
Bitcoin Cash (BCH) was created by Hard Fork Bitcoin on August 1, 2017, where a new version of the “Blockchain” system was born with different rules by switching from a blockchain system with a major configuration to a new version, and this program now has the ability to accommodate a number Greater than transactions.
Bitcoin Gold (BTG) is the second fork of Bitcoin (that is, the second version that branches off from the Bitcoin source code). This currency keeps a record of Bitcoin transactions, meaning if you owned a batch of Bitcoin before the split, you currently own the equal amount of Bitcoin Gold. The digital currency is to offer an alternative, less scalable ASIC-based mining algorithm, thus allowing users to increase their profits through their computer cycles.
Ethereum Ethereum ETH
Ethereum (ETH) is more than just a currency - it is a supercomputer that houses many other computers around the world. Ethereum can respond to sophisticated requests. It has the ability to store revolutionary computer programs, which distinguishes it from Bitcoin and makes it attract the attention of banks in various parts of the world. This is among other factors that pushed this currency to jump by nearly 10,000% in 2017
Litecoin:
Digital currencies
Digital currencies
Digital currencies (Cryptocurrencies)
Start trading the leading digital currencies
What are cryptocurrencies?
Digital currency is an electronic currency, which is designed to be exchanged between people in virtual transactions. Cryptocurrencies are provided in the form of data and not as physical objects. You actually can't keep Bitcoin in your hands or the Ethereum in your locker. Owning a bitcoin currency means that you have a collective agreement from every computer ready on the bitcoin network that you currently own and most importantly, that it was created legitimately with a metal. AvaTrade is an industry-leading broker with some of the best trading conditions available, including the lowest cryptocurrency spreads in the market.
What do prospectors do
Cryptocurrencies are treated as cash but mined like. Mining is simply checking the encryption process. All over the world people transfer electronic currencies from wallet to wallet, while prospectors use computer processing power to maintain a "blockchain" database and verify these transactions.
What is blockchain?
It is a list of transaction records, called blocks, which is encrypted and linked to each other. Blockchain is continuously growing and completely open to anyone. Each block in the blockchain contains:
1- Details of the sender and recipient and the amount of electronic currencies
2. “Hash”, meaning the combination, which acts as a unique imprint
3. Hash the previous block in the chain
When a new block is created, it is sent to all users in the network. After that, each user validates the block and then adds it to the blockchain.
Each of the cryptocurrencies in existence today has its own blockchain, and the complex accounts at the heart of the blockchain data are computer-generated. In order to make a transaction on a blockchain, you need an e-wallet (or cryptocurrency wallet)
Why trade cryptocurrencies with AvaTrade?
Start trading with an amount starting at $ 100
Take advantage of a wide range of the best cryptocurrencies in circulation today
Competitive swap rates
You can digital currency and make profits when its price drops
There is no risk of wallet being hacked or stolen
Leverage of up to 20: 1
24/7 customer service available in 14 languages
Live quotes and live charts for reference
Trade on strobe
Seize market opportunities and trade wherever you are using the AvaTrade Go app
The most popular digital currencies today:
bitcoin
Not only has this powerful currency opened the doors to other currencies, it is also proudly leading the world of cryptocurrencies. It was decided that no additional Bitcoin would be produced, as it was agreed that the maximum quantity would be 21 million Bitcoins. At the launch of Bitcoin, the price was $ 1 for 1,309 BTC. As a result, the currency witnessed a great development, bringing the price of Bitcoin to its highest level ever in 2017 at $ 19,783.21, and of course such an important event for Satoshi Nakamoto, founder of Bitcoin.
Bitcoin Cash (BCH) was created by Hard Fork Bitcoin on August 1, 2017, where a new version of the “Blockchain” system was born with different rules by switching from a blockchain system with a major configuration to a new version, and this program now has the ability to accommodate a number Greater than transactions.
Bitcoin Gold (BTG) is the second fork of Bitcoin (that is, the second version that branches off from the Bitcoin source code). This currency keeps a record of Bitcoin transactions, meaning if you owned a batch of Bitcoin before the split, you currently own the equal amount of Bitcoin Gold. The digital currency is to offer an alternative, less scalable ASIC-based mining algorithm, thus allowing users to increase their profits through their computer cycles.
Ethereum Ethereum ETH
Ethereum (ETH) is more than just a currency - it is a supercomputer that houses many other computers around the world. Ethereum can respond to sophisticated requests. It has the ability to store revolutionary computer programs, which distinguishes it from Bitcoin and makes it attract the attention of banks in various parts of the world. This is among other factors that pushed this currency to a jump of nearly 10,000% in 2017!
Litecoin
Litecoin (LTC) is similar to Bitcoin in many characteristics, and it is one of the most ancient currencies. However, there are two main differences between Litecoin and Bitcoin; Speed and value. While it takes 10 minutes to create a Litecoin block, it takes about 2.5 to create a Litecoin block - which means it is four times faster. Moreover, Litecoin brings many users because it can produce four times the amount of Bitcoin! However, the use of Litecoin encryption is very complex, in addition to the fact that the mining of this currency is often more complicated than the rest of the digital currencies.
Ripple:
Ripple (XRP) can be described as the next generation of payment networks. Originally created to partner with leaders of the financial industry, it is the leading currency in the tech world to date. This digital currency has exploded in 2017, rising from $ 0.0063 all the way up to more than $ 1.
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