Bitcoin was the first ever virtual currency. It is also the most respected, capitalized and traded virtual currency in the world. Bitcoins trading is booming, especially because of its highly volatile nature. Currency trading allows very high returns in times of volatility (many ups and downs). This is precisely why traders around the world like to speculate on Bitcoin. Many profitable opportunities arise when markets are volatile and Bitcoin is particularly popular with currency traders
The media also plays a very important role in the volatility of Bitcoin. As soon as important news is announced, the volatility of Bitcoin increases and traders fill their pockets. History has already shown us that Bitcoins traders tend to push this currency into the forefront of CFD trading. It is even a means of payment more and more used at some merchants, as well as for money transfers and for trading. Traders are turning more than ever to Bitcoin and that's why it's worth a lot. This is a highly requested financial instrument, despite its separation from any government or central bank.
Bitcoins (BTC) are equipped with high-performance computer software. A maximum of 21 million Bitcoins may be in circulation. Beyond this threshold, no other Bitcoin can be produced. The algorithm that governs the production of Bitcoins automatically limits the amount produced and the rate at which they are produced. It is therefore a raw material in limited quantity, which guarantees that a stronger demand will always push up its price. In this sense, Bitcoin is very similar to other limited quantity raw materials, such as crude oil, silver or gold.
Around 2008, Satoshi Nakamoto founded Bitcoin. A report was then published via the Cryptography Release List. The first client Bitcoin software was released in 2009 and he collaborated with many other developers, without ever revealing his identity. In 2011, the enigmatic founder of Bitcoin was gone. His colleagues then understood the value of this cryptocurrency and they worked day and night to give him maximum potential.
In October 2009, the first place of trading for Bitcoin was born. At that time, $ 1 was worth 1,309 Bitcoins. If we look at how much a Bitcoin is worth today, it was a very good deal at the time. Bitcoin was worth a fraction of a penny for a long time, however, everything changed in 2010. As the distribution of Bitcoins increased, so did the virtual currency. Demand has risen and the exchange rate has reversed. In early 2010, this currency was gaining momentum and the distribution of Bitcoin also began to increase. In November of the same year, 4 million Bitcoins had been "mined". So began the flight of Bitcoin ...