What Is Bitcoin and Should I Invest In It? [x8lpsL4ymbs]
Bitcoin is the largest cryptocurrency. There are a few things to consider before investing: How does it work? How do you invest in it? This video examines those issues and more. Virtual Currency Derivatives trading involves unique and significant risks. Please read NFA Investor Advisory – Futures on Virtual Currencies Including Bitcoin -and CFTC Customer Advisory: Understand the Risk of Virtual Currency Trading. You should carefully consider whether trading in virtual currency derivatives is appropriate for you in light of your experience, objectives, financial resources, and other relevant circumstances. Please note that virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status. Virtual currencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not currently backed nor supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional fiat currencies. Profits and losses related to this volatility are amplified in margined futures contracts. Subscribe to our channel: Check out more Insights & Education from Charles Schwab: Connect with Charles Schwab: Facebook: X: Open an account with Charles Schwab: [0326-ECAV]