The Rise of Bitcoin
What is Bitcoin?
Bitcoin is a decentralized digital or virtual currency that is created and stored electronically, no one controls it. It’s a Peer-to-Peer Electronic Cash System stored in a digital wallet. Every Bitcoin transaction is recorded on a public list called the blockchain. Think of Bitcoin as a universal currency. More and more companies and individuals alike are adopting Bitcoin into there everyday life as well as accepting Bitcoin as a payment method for goods and/or services. Learn more
Bitcoin trading is similar to other types of currency trading. Since the value of a Bitcoin can increase or decrease drastically in any given day, it takes a bit of skill and patience to become an expert at Bitcoin trading. I don’t provide any trading advice but instead will point you in the right direction so you can become involved how ever you choose. Like any other investing, trading Bitcoin can earn high rewards as well as suffer large losses. Learn more
Bitcoin doesn’t have a central government that decides when money is printed so it relies on miners using Bitcoin mining software to solve math problems to generate them. When a person solves a math problem, they are issued a certain number of Bitcoins in exchange. Not only is this a smart way to issue the currency, but it also encourages more people to mine for Bitcoins. Learn more
Why People Use Bitcoin
Bitcoin is new way to send money. It allows people to almost instantly transfer value to anyone, just about anywhere in the world, for free. Making Bitcoin far more hassle-free, anonymous and typically quicker and easier to use than traditional currencies. Bitcoin investors are trading Bitcoin with other currencies and cryptocurrencies and using Bitcoin as deposit method with Forex Brokers as well. People who play online Bitcoin games usually enjoy it more because their deposits and transactions are anonymous and nearly instantaneous compared to normal currencies. It’s very easy to get involved, get started with your own Bitcoin wallet.