Why bitcoin should believe and invest in securities

Bitcoin - a cryptocurrency that can be used for P2P-payments (Peer-to-Peer - from person to person), without intermediaries, which in this case are the banks. Blokcheyn (digital filing cabinet, where the recorded data on all transactions carried out) today called promising financial technology.

It is possible that one day bitcoin It will replace the dollar as the global reserve currency. It is unlikely that this will happen in the near future. However, experts believe that the value of bitcoins will increase. And the reason for that - a belief.

The more people who believe that Bitcoin - a legitimate and legal currency, the higher its value will rise.

Over the past two months, the value of Bitcoin has risen from $ 1 250 (end of April) to 2962 dollars (11 June). A year ago, this digital currency cost 587 dollars. But how much is currently bitcoin.

But Bitcoin course is not always pleased. Looking at this chart, you can imagine the excitement owners cryptocurrency when its rate falls to 50% or more.

Bitcoins are no different from any other risky assets, such as securities, the specific yield of which is unknown. Their purchase is more speculative than buying of shares. In addition, it is no secret that the course of the securities of some successful companies experiencing significant fluctuations.

It could be argued that companies typically generate income, and bitcoin - not. But, as is the case with cryptocurrency belief in this case is also important. What is the forecast has a greater chance to become a reality: the fact that the company's revenue will grow by X percent per year for ten years, or that bitcoin will continue to increase its user base? Both of these models are based on faith and assumptions.

A significant part of the cost of most high-tech companies is made up of the expected cash flows, which may occur within a few decades. Uber future is based on a long-term project to develop unmanned vehicles. Therefore, as in the case of Bitcoin, the most risky assets require faith.

According to June 26:

• Total produced - 16 million out of 21 million bitcoins.
• The value of transactions - 154 277 054 dollars.
• Number of transactions - 211,806.
• The total income miners - 4,679,278 dollars.
• The average market price on the leading stock exchanges cryptocurrency - 2506, 89 dollars.