Bitcoin - "superstar" of the foreign exchange market
Despite the fact that bitcoin is still a very young currency, even the dollar can envy its popularity. He often becomes an object of excitement on trading floors. Thousands of people around the world literally hunt for this virtual currency. Mining has become quite a serious activity. A couple of decades ago, it was hard to imagine, but today it's reality. Let's try to understand why so popular bitcoin.
A bit of history
Bitcoin first appeared in 2009. Then its cost was negligible - 0.05 dollars. In just a few years, the rate of the crypto currency has grown tens of thousands of times, and today, about 1 bitcoin is given about 8,000 dollars. Impressive statistics!
Such an indicator as volatility, that is, price volatility, in bitcoin is beyond competition. No real currency in the world can compete with bitcoin for volatility. It is this - the opportunity to play in large on the difference in rates - so attracts speculators. Bitcoin creates ample room for maneuver, get rich easily and quickly - every financial market player dreams about it.
Read more: Bitcoin - "superstar" of the foreign exchange market