Where does the money go when you invest in cryptocurrencies like Bitcoin or Ethereum?

When you invest in cryptocurrencies like Bitcoin or Ethereum on a platform like Bitget, the money doesn't exactly disappear. Instead, it gets converted into units of that particular cryptocurrency.

Here's a breakdown:

• Bitget is a popular cryptocurrency exchange that allows you to buy and sell various cryptocurrencies, including Bitcoin and Ethereum. They offer a user-friendly platform with features like copy trading and margin trading to suit different trading styles.

• When you invest using Bitget, you're essentially placing an order to buy a specific amount of cryptocurrency. Bitget acts as a middleman, connecting you with other users who want to sell their holdings.

• Once your order is matched, the equivalent amount in Bitcoin or Ethereum (depending on your purchase) gets transferred into your Bitget account. You now own those crypto units, and their value fluctuates based on market supply and demand.

Think of it like buying a rare trading card. The money you used to purchase it doesn't vanish; it transforms into ownership of that card. The value of the card can then go up or down depending on market interest.

In essence, your investment goes into the overall cryptocurrency market, influencing its overall price. Remember, cryptocurrency is a relatively new asset class, and its regulations can vary depending on your location. It's always wise to do your own research before investing.