In case you’ve switched off from the world for the last six months, you’ll have heard of Bitcoin. There’s a good chance that you know what it is already, but for those of you who are unclear, or have never heard of it before, here is a simple explanation. Bitcoin is a decentralized cryptocurrency. That means that it’s not centralized like a fiat currency, like dollars or euros, and exists entirely digitally. Continue reading
If you have not been filled in yet, the digital Bitcoin is the attempt to create a currency on a virtual level, that’s right it’s a currency that has no physical representation. It has been released as a global currency designed to replace the physical Fiat Currencies. The problems and challenges that surround the life of the new “Computer” Currency is one of keeping it safe from Cryptic hackers with the highest level of internet security. One thing is for certain, the creation of this new Currency will hold many challenges when facing the strong but proven physical Gold and Silver Currencies. The currency however, has a plethora of advantages over it’s physical counterpart, as it costs money in electricity to create, it is virtual data, that you receive that will fluctuate in value to the markets liking. Continue reading
Bitcoin investment is an exciting new venture for those with the bravery to take chances that come and go in the blink of an eye. One of the Internet’s newest forms of virtual currency, the Bitcoin is a double-edged sword. While it has an incredible potential for significant financial gain, its value can plummet just as dramatically leaving the investor dazed and confused. Continue reading