Bitcoin (BTC) Analysis

Market Cap

$215,749,010,931 USD

Volume (24h)

$18,481,125,724 USD

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6.2

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

Bitcoin Markets Rank: 82/100
Volume Ratio

How actively is this asset being traded on the market?

Bitcoin Volume Ratio Rank: 9/100
Market Cap

The total cost of all coins available.

Bitcoin Market Cap Rank: 100/100
24h Change

Is the price moving up or down?

Bitcoin 24h Change Rank: 50/100
Social Following

How many users are following this coin?

Bitcoin Social Following Rank: 100/100
Google Trends

How many users are searching for the coin?

Bitcoin Google Trends Rank: 66/100
Twitter Citation

How many users are talking about this coin in Twitter?

Bitcoin Twitter Citation Rank: 78/100
User Voting

How popular is this coin among Cointobuy community?

Bitcoin User Voting Rank: 100/100

Bitcoin investment analysis

Whether to invest in BTC or not, the answer is simple: a Bitcoin investment is worth it most of the time in the long term. The exceptions would be whenever there is a clear bear market or unsolved regulatory issues, the final hurdle for all digital currencies finally hitting the mainstream and institutional money buying them.

BTC is among the easiest virtual currencies to purchase. A reference pair against most other coins in exchanges all over the world, it is often times the gateway to other investments whenever a fiat pairing does not exist. It also shows signs of becoming a store of value in the same way gold does once volatility stabilizes. Want to know more about it? Let's get down to business.

How to buy?

$11,690.17

+1.1%

$11,819.77

4/2837

by Safety

2491/2837

by Profit

How to buy Bitcoin?

It is fair to say you will be hard-pressed to find an exchange that accepts fiat but does not allow you to buy Bitcoin. Storing your acquisitions isn't difficult either with all standard options (hardware, desktop, mobile and paper wallets) available.

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A bit of history. This is the one that started it all. Brought to life by the person or group of people (still unknown) named Satoshi Nakamoto in 2008 at the height of the big recession, Bitcoin has defied all naysayers by growing from a small idealistic project into a behemoth worth billions of dollars.

Satoshi's whitepaper describes the solution to the problems transferring a digital asset has. When you send a digital item, say an e-mail to another person, what you are really doing is sending a copy of an email, with the original staying on your server. This is not usable as a model for a currency because you could simply send the same money to more than one receiver.

Under Nakamoto's model, this problem is solved by using the blockchain as a ledger comprising all transactions, with many witnesses (miners) confirming a transfer has been made and the values recorded in a way that cannot be modified without the entire network noticing.

So the value proposition is a powerful one. A peer to peer means of payment that does not rely on third parties controlling it to function.

BTC analysis shows, that the technology has evolved since its inception. Intended to be an alternative means of payment to your dollars, euros or yen, it has also become a reserve currency of sorts, especially in the digital world. It has also turned into a store of value, much like gold is, except for the high volatility it has historically been exposed to. Once mass adoption happens, volatility inevitably will go down to more manageable levels, turning it into so much more than the value proposition originally intended.

Aside from regulatory pressure making a dent on it, or the risk of being hacked, which at this stage is not impossible but not highly likely either, BTC is likely to live on as the gateway to the world of cryptocurrency. After many years of being accepted only by a relatively small number of businesses as a means of payment, its adoption as a trading instrument in financial markets in 2017 seems to have signaled the beginning of its much-awaited foray into our day to day lives.

So, if you want to invest in Bitcoin, do so in the knowledge that unless it somehow becomes obsolete or irrelevant, it will be a staple of the digital money world for the foreseeable future.

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Comments (2)

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sainttfrancis 7/18/2019

digtal gold...

Ahyke 4/21/2018

As a store of value I think the bitcoin is ideal, even more than gold or any natural mineral treasure. But as a daily legal tender, for trivial daily exchanges, I wouldn't say the same. This is partly due to its volatility. Also, the prioritization of security over speed, makes the bitcoin's usage in the financial sector, unscalable and not a very feasible option in mainstream business scenes, at the moment. That is if you compare it's processing power to that of conventional processors like PayPal and it's like. However, with its open sourced nature and consensus model, I think the Bitcoin Will evolve into something fluid and workable.

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