Last Sunday (3), bitcoin broke a new record.
The digital currency reached US $ 34,800 (R $ 183 thousand in direct conversion). That figure is the highest since December 30, when the cryptocurrency jumped to $ 28,599.99. This certainly piques the interest of bitcoin investment.
However, on Monday (4), the currency depreciated again. This movement, according to traders, professionals who make money from stocks, happened due to the volatility of the cryptocurrency.
Still, the past year has been more than satisfactory for bitcoin, as the currency has more than quadrupled its price over the past 12 months.
But is it worth investing in bitcoin?
Joseph Edwards, of Enigma Securities brokerage, points out that cryptocurrency is still an “inevitably volatile asset by its nature. For the most part, this looks like a purely technical movement, signaled and caused by short-term euphoria ”.
It is believed that what fueled bitcoin's rise was the perception that it could act as a hedge against inflation risk as governments and banks try to circumvent the economic impact caused by the Covid-19 pandemic.
The year of bitcoin
There is no denying that 2020 was the year of bitcoin. This is because it was the period in which large companies began to invest millions and believe in cryptocurrency, as is the case of MassMutual, an American insurance company, which invested US $ 100 million.
The year of bitcoin
There is no denying that 2020 was the year of bitcoin. This is because it was the period in which large companies began to invest millions and believe in cryptocurrency, as is the case of MassMutual, an American insurance company, which invested US $ 100 million.
In another segment, payments company PayPal has started allowing its users to trade bitcoin through its platform.
some companies have already bet on the success of bitcoin. After a partnership signed with the startup Bitfy, the Cielo, Bradesco and Banco do Brasil card issuer started to accept payments with digital currency in 1.5 million machines spread across the country.
When adapting to the service, it is enough for the merchant to generate a QR Code for the sale, selecting the cash credit option. For the customer to make the payment using cryptocurrency, he must use the Bitfy application, selecting the option of paying amounts with “Cielo Machines”, so the device's camera is accessed so that the code is scanned. For the transaction to be authorized, the customer must pre-register a password.
Bitcoin investment
Before investing in cryptocurrency, it is important to understand that this can be high risk. This is because, according to experts - and based on what has been seen in recent days - the currency, despite appreciating a lot, also devalues ??in the same proportion.
A clear example said is that, in December 2017, for example, bitcoin was worth about R $ 70,000. In February 2019, more than a year later, its value was estimated at R $ 10,000.
In an interview with Uol, Bruno Ramos de Sousa, legal and compliance director at Hashdex, said that investors should be cautious with bitcoin, mainly because of these big fluctuations in the cryptocurrency. He advises that, within an investment portfolio, the currency should represent a maximum of 5% of the total assets present.
Purchase process
To buy bitcoin, investors have two options: directly and indirectly. The two differ only in the way the currency is acquired, whether directly from brokers or through investment funds.
In the first case, for example, the prospective buyer seeks a cryptocurrency broker, closes the deal, provides the address of his wallet where the coins will be sent and, after verified, the transaction is completed.
In the second case, the user seeks professional help to invest. For example, buying shares in a fund to make investments in virtual currencies. According to experts, for those who do not understand the operation of business between individuals, the most recommended is to start by buying with brokers
Even so, it is important to note that looking for information about brokers before closing deals is very important. Checking basic information, such as CNPJ, time of existence and terms of use, may be the best way - even though these steps may seem like basic things.
In addition, each brokerage firm charges fees for the sale of cryptocurrencies. Analyzing what best fits your plans is also interesting before deciding to start a bitcoin investment.
Bitcoin storage
Before deciding to buy your bitcoins, you must understand how to store them. For this, there are two options: digital and hardware wallets. It is worth remembering that those who invest through quotas do not have to worry about this situation. This only applies to those who purchase the cryptocurrency directly.
Digital wallets are usually offered by platforms that trade cryptocurrencies. It is good to be aware that, in some cases, this service may be charged. So researching the issue can be important.
There is also the hardware wallet, which is nothing more than a “physical” wallet for cryptocurrencies. It is a kind of pendrive in which the cryptocurrency is stored. Despite the benefit of not being invaded by hackers, since it is offline, there is a risk of being damaged, lost or forgotten somewhere, since it is a piece of equipment.
To avoid problems with this, it is recommended that if this form of storage is chosen, a backup copy of the cryptocurrency wallet is made.
