Dollars and Bitcoins

Bitcoins and dollars

Bitcoin is the most famous cryptocurrency today, experiencing incredible ups and downs. It has no tangible form, so it cannot be called fiat or regular money. However, it can be used as payment for goods and services. There are several ways to get it.

Getting Bitcoin

Nowadays, the most common way to get bitcoin is by trading on exchanges. Daredevils participate in the process, hoping to snag a decent sum of money. The principle of a cryptocurrency exchange is similar to a traditional stock exchange, except for some subtleties. But this method of “making money” is not for everyone.

The other method is simply buying cryptocurrency for fiat currency. It is essentially the same exchange, but there are nuances. There is an investor who invests their money in a blockchain project and ends up with a percentage. On the other hand, you can simply pay the holder of the cryptocurrency in real money an amount according to the current exchange rate.

Finally, the third sought-after method of “crypto-enrichment” is getting paid in digital currency. This can be payment for goods or services, it can be monetary remuneration for work or simply a transfer of one’s own funds into virtual space with all the right codes and other attributes.

The “relationship” between the dollar and bitcoin

Bitcoin was launched in 2011. It was only offered for a few dollars at the time, given the public’s scepticism about cryptocurrencies. Not even 5 years have passed, or rather only 3 years have passed, and there is a boom in digital assets, especially bitcoin.

At the end of 2014, the price of the now popular digital asset was several thousand dollars. And a few months before that, the figure had reached only a few hundred. In 2015, the value of the cryptocurrency fell again, and quite sharply. A couple of months later, the trend began to change direction again.

Bitcoin is never stable for long. Even minor fluctuations can occur every month, or even every week. But sometimes the ups and downs are really impressive, which affects attitudes towards the cryptocurrency positively and negatively, respectively.

Bitcoin and dollar quotes

Today’s situation

Today, the bitcoin index is around $290 per unit. Not so long ago, the situation was much more impressive, given that the index surpassed the several thousand mark.

Due to the instability and volatility of the cryptocurrency, its owners need to get in the habit of always keeping an eye on the crypto market. It’s not just about the opportunity to make money, it’s also about the chance to seize the moment and not lose everything that’s already there. Despite the close relationship between bitcoin and the dollar, they like to set each other up, which negatively affects the assets of crypto-enthusiasts or just fans of the field who want to test their luck and strength in this field.

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