BitCoin on a rise once again

Over the past year, the rate of the digital currency has risen up to almost 290 percent. The Bitcoin is a digital currency, it works like any other traditional currency like Euro or Dollar, however, the currency is not available in physical form, yet one can use it to buy things online. The main thing about Bitcoin is that its decentralization–meaning it is not controlled by any bank.

At of now the current valuation of the Bitcoin is $2,568 a piece and it would go to between $3,212 to $3,915 a piece in future. If all go well then it means that Bitcoins would add another $22 billion in market capitalization which now stands at $42 billion.

However, the bank said that it will take some time for Bitcoin to reach to $3,915 a piece.

The man behind the idea of using Bitcoin as a currency is a software developer named as Satoshi Nakamoto, who proposed this digital currency system based on mathematical proof.

How one can obtain Bitcoins

There are basically three ways of obtaining Bitcoins

  • Exchanging bitcoins
  • Getting in return of good or services
  • Finding new one

Like traditional currency, Bitcoin is not printed in notes publishing agency rather it is mined and the term is known as Bitcoin mining. Read here how to become a Bitcoin miner.

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17 Comments Add yours

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  2. Ada says:

    The Goldman reports illustrate how mainstream Wall Street is paying much closer attention to bitcoin,

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  3. Aliza Shabbir says:

    Bitcoin is the original cryptocurrency

    Like

  4. Lavina says:

    Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You definitely know what youre talking about, why waste your intelligence on just posting videos to your site when you could be giving us something enlightening to read?

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  5. Abebi says:

    Bitcoin is the original cryptocurrency

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  7. Aatiqah says:

    Getting in return of good or services…The Goldman reports illustrate how mainstream Wall Street is paying much closer attention to bitcoin,

    Like

  8. Abid says:

    The world of Bitcoin and cryptocurrency is always filled with interesting surprises

    Like

  9. Najiam says:

    Bitcoin volatility has become less of a factor over the past few years

    Like

  10. Imran says:

    Bitcoin is going up in value, which often allows other currencies to do the exact same.

    Like

  11. Farid says:

    Love these positive articles. Gives everyone a lot more confidence. Thank you!

    Like

  12. Abqurah says:

    Bitcoin is the original cryptocurrency,,,.

    Like

  13. Adiva says:

    Bitcoin is going up in value, which often allows other currencies to do the exact same.

    Like

  14. Amina says:

    Love these positive articles. Gives everyone a lot more confidence. Thank you!

    Like

  15. Aarzu says:

    Bitcoin is going up in value, which often allows other currencies to do the exact same.

    Like

  16. Aarib says:

    Getting in return of good or services

    Like

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