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The other risk to keep in mind if you plan to invest in bitcoin, aside from the overall volatility of the cryptocurrency, is of a cyber attack. You can buy fractions up to the eighth decimal place of bitcoin. First one piece of good news: Bitcoin investment sites are struggling to keep up with the surge in demand. But first… Should I Invest in
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The billionaire entrepreneur is backing a new fund focused exclusively on cryptocurrency assets.
Cryptocurrencies exist in an unregulated, decentralized digital sphere without involvement by or protection via a central bank. You can buy fractions up to the eighth decimal place of bitcoin. Another exchange, CME Group, is scheduled to begin bitcoin futures trading next week. That excitement — the promise of sudden riches or sudden ruin — has a lot of people wondering how a bitcoin investment actually works. People or entities can buy and sell cryptocurrency anonymously, and there are fewer middlemen taking a cut of transactions. As of recently, investors can also buy bitcoin futures, which has only added to the hype surrounding it. As of Thursday afternoon, that one ten-thousandth — four decimal places or 0. All trading systems are operating normally. The other risk to keep in mind if you plan to invest in bitcoin, aside from the overall volatility of the cryptocurrency, is of a cyber attack. Some of the better-known sites where you can do this are Coinbase , Bitstamp and Bitfinex, although there are a number of other platforms out there, as well. As MONEY has previously explained, for tax purposes, bitcoin is treated like a stock in that a trade can trigger a capital gains tax bill. Bitcoin investment sites are struggling to keep up with the surge in demand.
All trading systems are operating normally. You can buy fractions up to the eighth decimal place of bitcoin. The Chicago Board Options Exchange, on which the first bitcoin futures trading took place this week, warned that a flood of traffic ahead of the launch was slowing its site. People or entities can buy and sell cryptocurrency anonymously, and there are fewer middlemen taking a cut of transactions. Like any speculative investment, buying bitcoin at sky-high valuations is risky business. The other risk to keep in mind if you plan to invest in bitcoin, aside from the overall volatility of the cryptocurrency, is of a cyber attack. White December 14, Some of the better-known sites where you can do this are Coinbase
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