Simple Ways to Buy as well as Invest in Bitcoin
What is Bitcoin?
Bitcoin is a decentralized, peer to peer, digital currency system, designed to offer online users the ability to process transactions through digital unit of exchange known as Bitcoins. Basically, it’s a virtual currency.
The Bitcoin process was created in the year 2009 by an undisclosed programmer(s). Since then, Bitcoin has garnered substantial attention in addition to controversy as an alternative to US dollar, Euros and commodity currencies including gold and silver.
Rise to Popularity
Bitcoin had not attained much attention on the planet of finance and business before the year 2009. It rose to prominence in the 2011-2012 period when it gained more than 300 %. Bitcoin has received a 400 % growth in its value after the August of last year. As a result, venture capital companies and investors all over the world continue paying importance for the cryptocurrency.
In the very first half of 2014, venture capital companies invested $57 million in Bitcoin in the earliest quarter, followed by another seventy three dolars million in the next quarter amounting to a total of $130 million, that is 50 % greater compared to previous year’s total of eighty eight dolars million. This’s the full contrast to the scenario in 2012 where Bitcoin firms amassed a rather meagre sum of $2.2 million.
These statistics show beyond question that Bitcoin may be worth your investment, and blockfills that begs the question, just how can you buy as well as spend money on Bitcoin?
A tip for novice investors in Bitcoin