Virtual currencies are currently a sought-after object of speculation. The markets for digital currencies have strong, shock-like price fluctuations. So it is not uncommon for the Bitcoin price to drop by 30 percent in one day, for example. Here are the relevant facts you should know before you invest.
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Bitcoin is the world's leading cryptocurrency based on a decentralized booking system.
Payments are cryptographically legitimized and processed via a network of computers with equal rights (peer-to-peer). Unlike in the traditional banking system, no central clearing of money movements is necessary. Proof of ownership of Bitcoin is stored in personal digital wallets. The price of a Bitcoin to legal tender follows the principle of price formation on the stock exchange.
The website coinmarketcap.com lists around 7,300 cryptocurrencies with a total market capitalization of around 342 billion US dollars as of October 5, 2020. The cryptocurrencies with the largest capitalization are Bitcoin, Ether, Theter, Ripple ....
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