Cryptic investigations lure investors with high value appreciation, but are also considered a speculative object. Meanwhile, there are many ways to invest in digital money. What investors need to consider.
Digital piggy bank
Whether bitcoins actually serve the purpose of wages, is controversial. Nevertheless, more and more investors dare to approach the digital currency.
The followers of Bitcoins want to create a whole new world. A world in which you can literally transfer money without money without money. In the banknotes the prices can no longer manipulate. In addition to the Internet, there is a "Internet of values".
For the time being the future music is. And as is the case with the future, no one knows whether it will enter the desired form at all. But the high-flying bitcoins and many other virtual currencies tempt you to invest in this future.
Sheri Kaiserman, an expert at Brokers Wedbush Securities in Los Angeles, has a simple recipe that reminds the stock strategy of old master André Kostolany: "I would simply buy five to ten of the most important virtual currencies and leave it for five to ten years," says you. And, as a matter of fact, it adds that for this adventure, you should use only a manageable part of the property and not the reserves for the livelihood. The website Coinmarketcap.com lists the 100 largest cryptanages, together they are worth over 100 billion dollars. In the first three places are the names Bitcoin, Ethereum and Ripple, these three bring it already over 80 billion. The fact that Ethereum has just faced technical difficulties and a temporary dramatic slump in health does not frighten them. "This is a good problem," she says. "It has arisen through an overloading of the system and shows how much these currencies are in demand."
Ethereum is considered an attacker of the well-known digital currency Bitcoin. Now Ethereum is experiencing a course of track: within minutes, the price plunges from $ 300 to $ 13 - and has recovered just as quickly. What is behind it. more…
Bitoins are the most famous virtual coins. They have hitherto mainly served as a means of speculation, but have actually been invented and applied as means of payment. The strength of Ethereum with the "Ether" coins are, on the other hand, so-called Smart Contracts, ie automatic processes, such as payments on arrival of a commodity. Ripple again and the associated currency XRP serve the payment traffic under banks, thus have a less revolutionary claim than Bitcoins.
Once you have acquired Bitcoins, you can easily buy other virtual currencies. The Geldbörse, New German "Wallet", by Jaax offers the possibility to exchange at any time common virtual currencies against each other. Whether this brings more than just a choice to buy and leave, however, is doubtful. But some people also speculate simply for fun.
In March, Goldman Sachs began to discuss bitcoins in in-house research products. Jeff Currie, head of commodity research, said that the virtual coins were more of a kind of commodity than a currency. At the same time, he expressed doubts that they could replace gold. This is what Currie asks an important question: What kind of system are bitcoins actually?
In fact, they are often compared to gold. For like the precious metal, they do not cast an interest. Moreover, their quantity can not be increased as desired. Paper money can be printed on a large scale, gold has to be collected from the earth. And bitcoins are produced in a very energy-intensive process, which is not coincidentally called "mining". In contrast to the gold, the software even sets the growth of the amount of coins by the top and is limited. Similar to precious metals, however, the price depends strongly on the demand, which increases with the intensity of the use.
THE MOST IMPORTANT ANSWERS TO BITCOIN
What are Bitcoins?
Bitcoins are a digital currency whose idea was presented in 2008. The bitcoins are generated in complicated computing processes, which costs a lot of time and computing power, which is to prevent inflation. On platforms on the Internet, bitcoins are traded against classic currencies. This is to enable a money system that works independent of states and banks, as well as accelerating transactions and minimizing costs.
In practice, the prices of virtual currencies fluctuate very markedly. In the middle of June a Goldman technical analyst issued a warning that bitcoins were very high. This could have been the result of the rapid price rise without Goldman. But the fact that the investment bank deals with the topic shows that it is taken seriously outside the fanfare.
But it is not for everyone to deal with wallets. If you want to buy Bitcoins indirectly, you can do this through the Bitcoin Investment Trust. Its stock is listed under the abbreviation GBTC on the tech exchange Nasdaq in New York, the securities code is A14S73, the price is over 400 dollars, the assets at nearly 400 million. The trust is similar to a stock exchange traded fund (ETF) that replicates the Bitcoin course as closely as possible. The annual fee is two percent, and because the liquidity is very limited, deviations from the underlying rate may also occur. At the same time, Grayscale has recently offered an Ethereum Classic Investment Trust, which is not listed on the stock exchange.