Bitcoin is a decentralized peer-to-peer crypto currency system designed to enable online users to process transactions using a digital exchange unit known as Bitcoin Price Evolution Since Beginning. In other words, it is a virtual currency.
The Bitcoin system was developed in 2009 by an unknown programmer (s). Since then, bitcoin has received a great deal of attention, as well as controversy over alternatives to the US dollar, the euro and commodity currencies such as gold and silver.
Soar in popularity
Before 2009, bitcoin did not receive much attention in the business and financial world. This was noticed between 2011 and 2012, when it reached more than 300%. Since August last year, Bitcoin has achieved 400% increase in value. As a result, venture capital firms and investors around the world value crypto currencies.
In the first half of 2014, venture capital firms invested $ 57 million in bitcoin in the first quarter, followed by another $ 73 million in the second quarter, up $ 73 million, up 50% from a total of $ 88 million last year. There was more. This is in stark contrast to the scenario in 2012, when bitcoin companies earned a relatively small amount of $ 2.2 million.
These statistics unequivocally prove that Bitcoin Price Evolution Since Beginning is worth your investment, which raises the question of how do you buy and invest in bitcoins?
A guide for beginners in bitcoin
The easiest and most difficult way to invest in bitcoin is to buy bitcoin. There are several well-established companies in the United States, mainly abbreviated as BTC, that are engaged in the business of buying and selling bitcoins.
If you live in the United States, Coinbase is the place to visit. Coinbase provides its BTC customers with an approximate value of 1% above the current market price. U.S. citizens have the ability to sync their Coinbase wallet with their bank accounts. As a result, further transfers are made without difficulty. This company also gives you the opportunity to purchase automatic bitcoins from time to time. For example, if you are interested in purchasing $ 50 bitcoins at the beginning of each month, Coinbase allows you to set up an automatic purchase for that amount.
Please note the terms and conditions before using this service. If you have subscribed to the automatic coinage service, you will not be able to control the price at which BTC is purchased each month. Note that the coin base does not act as a bitcoin change, ie you buy and sell currency directly from the company. As a company has to obtain coins from other buyers, delays or disruptions can occur when the market changes rapidly and orders are placed.
Bitstamp meets traditional Bitcoin Price Evolution Since Beginning exchange requirements. Bitcoin acts as a broker, allowing you to trade with users other than the company. There is a lot of liquidity here and you always have a good opportunity to prepare someone to do business with you. The initial fee is 0.5%, which can be reduced to 0.2% if you trade $ 150,000 in 30 days.
Local bitcoin coins
Swaps are not the only way to invest in bitcoins. Local bitcoins are often used to purchase BTC offline. The site is designed to connect potential buyers and sellers. A Bitcoin transaction is a safe from the seller and can only be issued to buyers.
Buying bitcoins offline is not always reliable or secure. So it's best to meet with vendors during the day and let a friend tag you only when things go south.