The price of the crypto currency Bitcoin has risen sharply several times in recent years, but has left some feathers in its wake since the recent rise in December 2017. Currently, the price of the crypto currency is stabilising at around 6,000 euros per coin, but what does the future hold? Is Bitcoin’s current investment worthwhile?
The crypto currency Bitcoin has gained a lot of momentum in the past year and its value in Euro has risen strongly. In the course of the year 2017 so some record was cracked and who would have thought that the price would rise from approximately 1,000 to 2,000 euro at the beginning of the year to over 15,000 euro per coin in December of the year?
Are Bitcoins still worth it?
The demand for Bitcoins rose strongly in 2017 and a Bitcoin lottery was even launched.
The fact is that the price currently (as of August 2018) seems to be far away from this all-time high. At the start of 2018, the share price fell significantly and slipped to a value of just 6,000 euros per coin within a few weeks. In the following months of 2018, the price fluctuated between around 5,000 and 7,500 euros per coin.
At the moment the news situation around the currency Bitcoin seems to have calmed down a bit and yet the crypto currency has a lot of potential.
- Bitcoin price beginning 2017 per coin: 1.000 to 2.000 Euro
- Highlight of the Bitcoin Rally: December 2018 over 15,000 Euro per coin
- Course 2018: 5,000 to 7,500 Euro per Bitcoin
If you take a look at the development of the crypto currency, you will see that the value of 5,000 euros has not been undercut in recent months. Since the crypto currency is traded very emotionally, it seems quite conceivable that a new rally is possible, as long as the corresponding news is available.
When is the sale of Bitcoin tax-free?
Who has acquired Bitcoins (not by mining!) and has kept them for at least 1 year, profits from the fact that he can sell the Bitcoins tax-free. The sale of Bitcoins is then a private sale.
The crypto currency Bitcoin – is an investment currently worthwhile?
The Internet currency Bitcoin still counts as the new standard of digital payment for many people and can have a great future ahead of it. John McAfee is one of many Bitcoin advocates who expect the crypto currency to gain massive value in the coming years.
Bitcoin is permitted as a means of payment in Japan and, for example, in the Canton of Zug (Switzerland). Prominent proponents such as John McAfee speak out in favor of the crypto currency
Numerous companies are currently working on ways of using blockchain technology, which can ensure that Bitcoins are firmly anchored in our everyday lives and used accordingly. In Japan, the Bitcoin crypto currency has long been accepted as a means of payment, and Bitcoins can also be used in the Swiss canton of Zug. An investment in Bitcoins is certainly associated with a high risk, but the chances of a new price rally should also be taken into consideration.
Further information on Bitcoins and crypto currencies can be found here in the blog. Since Bitcoin can be stolen, similar to cash, investors must take measures to protect Bitcoin against theft.