Blockchain security: how does it work?
- September 4, 2019
- Posted by: WAS Insurance
- Category: Competitive research, Economics, Finance & accounting, Investment
A lot of people still have doubts about cryptocoins and that’s why are not useing it. One of the most asked questions are about the value of Bitcoin: how is it calculate? We are going to explain everything you need to know.
Bitcoin is an autonomous currency, so its creation is free from governmental or banking impositions. Still, there are several factors that influence the valuation of Bitcoin:
The law of supply and demand
As another market, the law of supply and demand affects the value of Bitcoin. Th demand for the currency changes according to the period and the market situation, also, its appreciation or devaluation dependes to these oscillations.
Acceptance in the market
Today, Bitcoin is a cryptocoin very known and used, so there’s a good acceptance in the market. There’s a lot of business thar accept Bitcoin as payment, also, it became na excellent opportunity of investment.
The increase of digital wallets
Nowadays you can easily find digital wallets to keep your cryptocoins safe. There are available a lot of app and programms to download, this increase in use of Bitcoin also causes its quote to rise due to demand.
What causes the price of the digital currency to fluctuate?
If you hear about Bitcoin, probably you’ll hear also about fluctution: the biggest fear of who wants to invest. The drop or increase in demand interfers on the price, but there are ways to decrease it. The best way to do that is to study the historic of the action you are doing, so can know when invest and when rescue your money.
If you want to know more about Bitcoin or others cryptocoins, how to start in this market, coun on specialized professioals. Meet WAS Insurance team, talk to us.