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Bitcoin in Various Currencies

Stocks Futures Watchlist More. No Matching Results. Advanced search. Options Currencies News. Tools Home. Stocks Stocks. Options Options. Futures Futures. Currencies Currencies. Trading Signals New Recommendations. News News. Dashboard Dashboard. Tools Tools Tools. Featured Portfolios Van Meerten Portfolio. Market: Market:. Currencies Menu. Bitcoin is relatively safe due to cryptography and robust protocols and readily available through several exchanges.

Also, you need not purchase a full bitcoin to have ownership of it. Fractional shares are available, increasing its attractiveness and value. Unlike stock, bitcoin does not represent ownership in a company or entity. Bitcoin miners earn rewards for completing blocks of verified transactions, and owners of bitcoin make money as the price per coin increases.

The demand for bitcoin is increasing, whereas its available supply is shrinking. This results in increased prices. Consumers, companies, and investors favor bitcoin for its profitability and its ability to hedge inflation. The resulting popularity contributes to increased demand, and thus an increased price. Bitcoin's price fluctuates for various reasons, including media coverage, speculation, and availability.

With negative press, some bitcoin owners panic and sell their shares, driving down the price.

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Vice versa with positive press. Also, when the volume of bitcoin sold on the market increases, the price decreases. As more institutions adopt bitcoin as an investment and medium of exchange, its price increases. Also, many people have eroded confidence in their fiat currency and seek alternative sources to store their money.

Because bitcoin is decentralized and unregulated, it is a favorable alternative, thus driving up its price.

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History of bitcoin

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