One of the best features of Bitcoin is its liquidity. For those of you who do not know about liquidity, it is the ‘degree to which an asset is most realisable at a short notice without a loss, according to a definition by renowned economist John Meynard Keynes. This means that liquid transactions are the best for short term investments or when you need money urgently. Generally, shares and forex are seen as extremely liquid assets, but now buying cryptocurrencies like Bitcoin on Online Bitcoin Exchanges are also seen as a great way to invest in liquid assets. However, the liquidity of Bitcoin is influenced with due to a variety of factors, let us discuss some of them.
Last year, when Bitcoin cash was forked out of Bitcoin, the value of both the cryptocurrencies skyrocketed before falling dramatically and now falling slowly with each passing day. This has led some experts to believe that there are bigger rifts in the Bitcoin community that may get exposed in different ways.
Just about 3-4 months after the fork of Bitcoin cash, Bitcoin developers, miners and others using the currency were waiting for another fork of the Bitcoin. This was associated with the SegWit2x protocol.
Just days before the fork was supposed to happen, the people behind the fork called the fork off, instead calling for people to unite across different groups for the interest of all cryptocurrencies including Bitcoin.
If you want to buy cryptocurrencies, you will need to buy or sell them through a Cryptocurrency Exchange. This works in a sort of similar way as that of the stock market, only here you do the transaction yourself instead of an agent doing it for you.
An Online Bitcoin Exchange or any other altcoin exchange is a medium through which you can primarily buy, sell or trade in cryptocurrencies either directly with fiat money or by first depositing your current cryptocurrency coins to the exchange against which you can trade coins of your choice.
There are more than 190 cryptocurrency exchanges in the market currently, for you to make a choice, you need to ensure that the exchange provides all the right services that are expected from a cryptocurrency exchange. The features of all cryptocurrency exchanges vary widely, here are a few aspects to consider before you choose a Cryptocurrency Exchange.
The cryptocurrency world has just got crazier. Dogecoin was created as a joke in 2013 by Billy Markus and Jackson Palmer. Today this currency is worth more than $60 million with over 113 million coins being mined and circulated currently. This is a peer to peer, decentralized currency letting you send money online wherever needed. Dogecoin is represented by a Shiba dog and has the Ticker symbol DOGE.
Though this cryptocurrency has been belittled in the past, it can withstand generic market crashes. Dogecoin’s price has also steadily being growing over time, even though the original owners have almost abandoned it.
Here are 3 reasons Dogecoin is special making it an attractive investment option
Bitcoin has had a tumultuous past. It has seen many ups and downs. Even though Bitcoin was the first cryptocurrency that was launched way back in 2008, there were many people who had predicted the rise of digital currencies way back in the 1980s.