What is Bitcoin?On November 28, 2018 by admin
Bitcoin was introduced into the market at a rate of about 10 cents per Bitcoin in 2009. It has risen continually and is now hovering at about $4000 per Bitcoin. Financial experts claim that the Bitcoin rates is the most remarkable appreciation of value and has created very many millionaires over the past few years. This blog here will help you learn how to invest safely on Bitcoin.
Bitcoin is sold in a worldwide market and the citizens of Japan and China have been really active in purchasing it along with other Asian countries. However, recently the Chinese government had tried to suppress the trading of Bitcoin in that country. This action drove down the value of Bitcoin for a while but it surged back and is now close to the previous value that it had.
Most of the people that are familiar with digital currency are aware of Bitcoin mining. This refers to the process of creating a new Bitcoin. The Bitcoin miners are issued with a certain number of Bitcoins after solving some complex mathematical problems using a special software.
There are many modern companies that have begun to see the value of accepting cryptocurrencies as a valid payment option. Some of them include Microsoft, DISH network, Expedia, Newegg, Shopify stores, 2Pay4You and Payza. The major holdouts that have embraced this payment option are Amazon and Walmart.
It is important to note that there are many people that have been conned of their hard earned money after purchasing or investing in scam websites. Some of them promise to offer a certain rate of investment growth daily and after few months the website vanishes. The most common trait about such websites is that they do not have a contact information. You will therefore not have a way to trace them once they disappear with your money. To avoid falling into these traps, you should do some background research and seek for some professional guidance before investing in cryptocurrencies.