The Bitcoin, as we all know, is a virtual currency. Unlike euros or dollars, Bitcoin is an electronic currency and therefore has its advantages and disadvantages with respect to the currency to which we are used. Many people see Bitcoin as an investment opportunity in both the short and long term.
In the following image we can contemplate how Bitcoin has risen throughout this year 2017 in a spectacular way.
Rise of the bitcoin throughout 2017
Technology has changed more in the last 20 years, than in the last 20 centuries. E-commerce that allow you to pay for your purchases with Bitcoins are already being seen. The positive point of this is that with Bitcoin it is not necessary to disclose information such as bank accounts, and therefore there is zero risk that the seller will steal any information.
In fact, using this currency for online payments is very practical and beneficial for the seller. Transaction fees are much lower than the current currency. This is because the coins surf the internet and do not have to go through any bank or intermediary. In addition, the positive thing about it is that you can use it in any country.
This currency is increasingly a reality in our day to day, and it looks like it will be more present in our day to day.
Last week we could read in Forbes the success story of the Winklevoss twins, famous because Mark Zuckerberg stole the idea of Facebook. The Winklevoss twins started buying cryptocurrencies in 2013. They came to invest $11 million in Bitcoin when its value was $ 120 a bitcoin, that is, they bought 91,666 bitcoins.
With 11 million dollars in bitcoin a couple of weeks ago, that investment turned the figure of these American twins into more than a trillion dollars.
Cartoon a of the Winklevoss brothers
As we have mentioned, a Bitcoin for $120 in 2013, became $11,000 at the end of 2017. If I had asked you for $600 in 2013 to buy 5 bitcoins and returned you the value of one bitcoin every year, right now I would be giving you almost $13,000. These are exorbitant figures that generate some uncertainty when investing, because everyone thinks that at any moment, the big drop will come.
However, there is another currency that is gradually attracting attention, but it is certainly not as popular as Bitcoin. We are talking about Ethereum. This currency, without going any further, is the same as Bitcoin, which is having more pull lately.
Ethereum has gone from being worth $8.06 at the beginning of 2017 to being worth $300.25 in mid-December. And it has even raised its price to $395.04.
This makes Ethereum the second most used and valued virtual currency. Even the Russian government has met with the creator of Ethereum to use it officially.
Today there are more than 1400 different cryptocurrencies, and little by little more are being created. And worldwide there are 80 billion dollars invested in cryptocurrencies; of which 46% is hoarded by Bitcoin and 22% by Ethereum.
From the point of view of the author of this post, it is interesting to invest in cryptocurrency: Bitcoin, Ethereum or Ripple. Because they are having impressive climbs. It is true that as they say, everything that goes up goes down, and therefore, you have to be careful. There are many people who are putting savings in Bitcoin or another cryptocurrency, to see the profitability that has been generated many years from now. I think that if the investor wants money in the short term, the ideal is to invest a large amount of money and take it out in 4 or 5 years, this can give him a fairly considerable return as in the case of the Winklevoss twins.