Bitcoins are a relatively new form of digital currency that has been in existence since being introduced. Its unique cryptographic nature has piqued the interest of many people, specifically investors, as of late. They are becoming more well-known as people look for alternative methods to pay for items and services on the Internet, but their use is still somewhat limited. It’s definitely a viable currency when taking into consideration that it is battle tested and perhaps most known for its use on the online black marketplace known as Silk Road (which has been shut down), a site that can only be accessed through the anonymous Tor browser.
So, What are These Bitcoins Anyway?
The most simple explanation can be found here at https://www.bestusacasinosites.com/high-roller-casinos/ which can be easily understood that it is a digital currency without a country, and it can be used anywhere with anonymity. One Bitcoin is going to have the same value no matter where it is traded from. That means someone trading a Bitcoin from the United States to the United Kingdom is going to get full value for their money. Not having to deal with the vagaries of currency exchange. There is also the opportunity to invest and make money with Bitcoin.
This year, the value of Bitcoin has been fluctuating tremendously. At the beginning of the year, they were trading for just under $20 per unit. By March, it was already up to approximately $30-$33. As of the date I write this post, March 27, the value of bitcoin has shot up to a staggering $88 per unit.
The chart above shows the online real money casinos parabolic rise of bitcoin this year and it is simply incredible. This currency is still subject to a lot of fluctuation due to the fact it is still relatively new and people are learning about it as a potential investment vehicle. To that end, there is some uncertainty in the pricing of one Bitcoin, and the general rule today is that anyone considering this investment should only wager an amount that they can afford to lose.
Many investing experts believe that bitcoins will do one of two things in the coming year: Become irrelevant and crash below $10 per unit or surpass the $100 mark and far beyond that. Based on trends, the latter seems to be where things are headed, but it is also wise to keep in mind that a crash can occur at any time with no warning signs.
Bitcoins are created by using a computer that hashes out a particular algorithm (Bitcoin Mining). Once it is solved, the computer user is rewarded with a block of coins. There are only going to be 21 million coins ever going to be created, and it’s estimated that over half of them have been found already. If you’re looking at Bitcoin investing, you don’t have to buy a supercomputer whose sole purpose is to mine for coins. You can invest in them and trade them just like regular stock or currency.
Is it a Good Idea?
Only you can make that decision for sure. Bitcoin has been slowly gaining traction in terms of acceptance since it’s been created. A slowly increasing number of mainstream websites and businesses are accepting it as a form of payment, but the key word here is slow. It remains to be seen if the currency is going to stay on the margins or is going to gain wide acceptance among online retailers. If it’s the latter, the sky is the limit for the value of a Bitcoin, making it a good investment.