To you who want to invest on the Bitcoin: This is our expert advice

invest on the Bitcoin: This is our expert advice

A few days ago, the value of the Bitcoin exceeded the 2600 dollars and at the same time the price of an ounce of gold. The price of digital money has been increasing almost constant since the beginning of 2016. As a result, it is attracting more and more investors: aficionados as novices of the stock exchange, all eager to embark on the " Adventure Bitcoin. Only investing on this crypto-currency is nothing classic. Some warnings and advice of experts contacted by 20Minutes are essential.
Understanding this currency unlike any other
In addition to being virtual and being used in purchases in peer to peer (which is already hard enough to visualize), the Bitcoin has very special characteristics. "It has the same particularity as precious metals: a limited amount," says Manuel Valente, director of La Maison du Bitcoin . There will never be more than 21 million bitcoins in circulation. So far, 16.2 million have been created. This limit was established at its inception in order not to replicate the subprime crisis of 2008. No one can manipulate this quantity, it makes it a rare and stable product ".

Study its unstable course
"Bitcoin is a highly speculative product," explains Christopher Dembik, head of macroeconomic research at Saxo Bank. When investing in the CAC 40, we know that the price falls or increases according to the evolution of the company. This digital currency, on the other hand, is not backed by fundamentals or economic reality ". For the specialist, investing today on it, is tantamount to trying a poker shot.
It recognizes however that forecasts on its course are possible. The latter is closely linked to financial and geopolitical events . "When there is an instability linked to elections or economic measures of a country for example, the Bitcoin's courses soar," says Manuel Valente.
It is therefore important to keep abreast of current events that may affect its course, but also to study the past course of the Bitcoin. Over the last six months, and even over the last few years.
Neophytes, do not start alone
"For those who do not know anything about the stock market, it is better to start with classics and stable products without much risk taking," advises Christopher Dembik. This makes it possible to understand the mechanisms ". "There are also sites and blogs where people offer their analysis on the evolution of the Bitcoin course,"
"To buy or sell Bitcoins, you can go through an online platform that works exactly like a currency exchange platform," the director continued. The problem is that interfaces are often complex with graphics and many buttons. For those who do not know anything about it, it is best to visit a specialized physical exchange office. Even though the commission will be higher than on an online platform, office workers will be able to give you advice. "
Beware of scams
And yes, that says internet says hacker, rip off the world and piracy. "There are a thousand cryptomonas like the Bitcoin. Some are very well built and I think a future like Ethereun or Litecoin. Others are scams. Very well made sites try with very tempting messages to make you buy them, but behind there is nothing. In general you have to be wary of platforms that promise you huge profits with zero risk, warns Manuel Valente
It is also important to know that there is no guarantee that transaction platforms will show the right values. Think about doing a little tour on different of them to compare rates.
Being aware of the risk
"The Bitcoin is not regulated, so you can fall on platforms allowing you to invest that are not reliable, warns the economist of Saxo Bank. In France if you invest via a bank on the CAC 40 , in the event of bankruptcy, you can be compensated up to 100,000 euros. If your Bitcoin platform goes bankrupt you will never be refunded. "
The logic would be to fix for each purchase a limit: you never invest more than what you are willing to lose ...
Have a vision for the future
"If today the market is not regulated, it could well be in the years to come," says Christopher Dembik. The Banque de France is currently working on it, but it will not be in place for one or two years. More than investing in Bitcoin, I would advise putting money into startups working on blockchain, the technology used by virtual currency.