What exactly is Bitcoin?
Answer: Bitcoin is a software asset that was developed in 2009 (Payment Method / Currency / Commodity / Software Gold). I strongly suggest you to browse this site to learn more about this.
Who carries Bitcoin?
Reply: Bitcoin is a network. It is not owned by a single individual or a bank. Bitcoin’s creator is entitled Satoshi Nakamodo.
How does the value of Bitcoin widen?
Answer: There are many factors that determine Bitcoin ‘s value, below are the two main factors that effect its growth once it is launched into the open market:
- One of the factors is coin usability-Bitcoin has over 250’000 merchants, the more Bitcoin is accepted, and the more its value increases, the more it is used worldwide.
- Supply and demand- Only 21million bitcoins can ever be produced, but demand is rising. That has a positive effect on Bitcoin’s value. There are other factors affecting Bitcoin ‘s price, below I’ll state a few government regulations, media influence, more acceptance, technological changes and advances, endorsements.
How does Bitcoin perform?
Answer: Bitcoin is an online currency which guarantees financial independence. It is the smart way it is used and traded; using your smartphone or computer. That is like having your own pocket bank.
Does Bitcoin represent the only digital product?
Answer: No Bitcoin has been the first since the development of the other 700 digital currencies, and they are used/accepted globally. However, Bitcoin is the digital products GOLD standard. It is the one who retains greatest value. To buy some other digital currency, first you must buy Bitcoin.
Will Bitcoin turn to regular local currency?
Answer : Yes and you can now go to a local ATM to buy Bitcoin or withdraw your local currency.
What is Trading in Bitcoin?
Answer: Trading means literally purchasing small, and selling big. The same idea is applicable in Bitcoin trading, we have a smart network that monitors the Bitcoin price 24/5 and then dynamically catches the machine buys and sells FOR YOU on YOUR behalf while the Bitcoin is at its decline. The result is you make healthy daily profits.