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With the democratization of technology, whether digital or not, new ways of investing are being created. They follow market updates and adapt to people's living standards. We will understand how it works and how to invest in cryptocurrencies.
An example of digital democratization and how the market adapts to it is the QR Code. Credit card machine companies and small food stores are some of the businesses that have adapted to the QR Code. It was promoted as a faster way to access or pay for certain content.
As is well known, bitcoin is the gold coin of the new millennium. Created more than 10 years ago, it is still considered a novelty and is gaining more and more fans, worth an exorbitant number in Brazilian currency.
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The characterization of a currency, the main function behind the creation of bitcoin, its production and security can be seen in this article on the site, which explores why the currency is so valued in the current market.
It is not difficult to be seduced by the high bitcoin values that circulate through the investment market, however, to invest in crypto assets, it is necessary to follow its continuous rises and falls.
Bitcoin is the most popular, most valuable and most volatile currency in the cryptocurrency market. News from the finance area, however minor, can affect its price.
Elon Musk, billionaire CEO of Tesla and SpaceX, for example, has already indirectly interfered with the price of bitcoin more than once. Both made the currency fall and appreciate, just commenting on your intentions about it.
Therefore, we know that bitcoin is the best known currency, but it is necessary to keep in mind that it is not the only cryptocurrency. It was the starting point for an entire market based on virtual money to develop.
Cryptocurrencies, like bitcoin, are fully digital and do not belong to any government, like the real, dollar or euro. Therefore, they do not need any intermediary in the buying and selling process.
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It is extremely difficult to say the exact number of existing cryptocurrencies, since, although cryptocurrency mining is a limited process that requires a large computational capacity, in theory anyone can create a cryptocurrency.
New coins can be created, and will not always be closely monitored, there is a hunch that there are between six and ten thousand different cryptocurrencies in circulation on the internet and counting.
Among them the 10 most popular are Bitcoin, Bitcoin Cash, which is a new version of the original bitcoin, Ethereum, Tether, Binance Coin, Cardano, XRP, Polkadot, USD Coin and Uniswap.
The website br.investing.com has a list of more than five thousand seven hundred (5,700) registered cryptocurrencies, where it is possible to follow their price, capitalization and variation in the last hours according to supply and demand.
Cryptocurrencies, or crypto assets are not a good choice for beginner investors, if you don't know anything about investments it is not recommended. Unless you don't see a problem taking risks in relation to the amount invested, as the yield can also be high.
Because they have high values and are easily affected by the business world, they go up a lot, but they also have big and scary falls.
There are more ways to invest in cryptocurrencies in Brazil, ranging from buying fractions of a virtual currency, trading them directly at a brokerage specializing in this type of asset, accepting digital currencies as payment in some business, to mining.
The two easiest and most popular ways to buy cryptocurrencies are exchanges and investment funds. As some cryptocurrencies cost a very high amount, you have the option of buying a small fraction of it.
Active crypto exchanges or brokerages refer to exchange houses, where it is possible to exchange your cryptocurrency fraction for another, such as the dollar or real. And the opposite process also happens, you can exchange your currency, real, for cryptocurrency.
A função principal das exchanges é apenas servir como intermediário, de alguém que deseja comprar uma criptomoeda para outro que deseja vender. É necessário cadastro nessas “casas de câmbio” alguns mais simples com CPF e data de nascimento e outros bem mais completos.
As for investment funds, it is necessary to choose a specialized brokerage that has an investment fund focused on cryptocurrencies. They have a minimum investment and who will buy and monitor the applications will be a manager and not you directly.
The biggest advantage of bitcoin according to the Bitcoin.org website is precisely the untying of personal information. So this would prevent identity theft, furthermore the operations are managed by the users themselves.
As the blockchain network, the network where cryptocurrency information is stored, is public, bitcoin is promoted as a transparent business, which everyone has access to, and cannot be controlled by any organization.
This was our article explaining a little about cryptocurrencies. If you want to know more, follow our category Tips. Hug to everyone.