You may have heard about Bitcoin or Cryptocurrency on the news today. The question is that, what is it? Bitcoin or crytocurrency is a digital product which can be used as payment method, digital gold, currency or commodity.The bitcoin or cryptocurrency was create in 2009.
Who owns Bitcoin or cyrptocurrency?
Cryprto currency or bitcoin is a network and it is not owned by one person, not even the bank. Satoshi Nakamodo is the creator of Bitcoin.
Why did the Bitcoin value grew?
There are actually a lot of factors that will help determine the value of the bitcoin.The 2 main factor that affects the growth of the bitcoin once it is launched in the market are:
o Usability of the coin – Today, there are more than 250,000 merchants and the more the cryptocurrency is accepted worldwide, the more the value of the cryptocurrency increases. Check Sii Global services now to know more about these such services.
Supply and demand – if you must know, only 21 million bitcoins or cryptocurrency that is being generated and today there is a growing demand and because of this growing demand, it also has a positive effect on the value of the bitcoins. Although there are other factors that influence the price and value of the bitcoin.
Why Sii Global?
The cryptocurrency is an internet based currency that assures financial independence and it is also used in trading effectively by simply using your computer or smart phone. Basically it is like having your own bank in your pocket.
There are other cryptocurrencies that are available in the market today and all of them are being used and accepted. Bitcoin on the other hand is the most famous due to the fact that it is the gold standard when it comes to digital products. Bitcoin is also the most credible of all cryptocurrency there is. If you are planning to buy digital currency, it is best that you buy bitcoin first before checking out the other cryptocurrency.
Can I convert cryptocurrency to a normal currency?
Yes! You can actually have your cryptocurency exchanged at your local ATM and you can also withdraw through your local currency.
Are there any retirn of investments in cryptocurrency?
Well, all profits are made in cryptocurrency. The expansion is through the trading operations that are being generated everyday. It is also based on the amount and tenure of 8 to 12 months, your profit will increase with an average of 70% to 90% in the form of crytocurrency. If you conseider the price of the cryptocurrency have increase over time due to the growing demand, the profit will also be higher. You can also check this video about crypto mining: https://www.youtube.com/watch?v=DDyZUPVttXA.