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ranfurly

So What's With This Bitcoin Stuff?

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I remember reading somewhere when bitcoin began, 1 bitcoin was worth 0.0001cent i.e that's 1/100th of a penny. Right?

Then back in November 2013 1 BTC climbed to as much as $990USD... Wohoo!

As at Feb 2016 it settled back to about $400USD before it reached $600USD in October. Instantly remains the best time to amass bitcoin, in view that it’s just in the beginning of another adoption curve.

Right at this moment keep reading.

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Admin

Thats a good question. I  recommend you reading this - https://www.buybitcoinworldwide.com/kb/what-determines-bitcoins-price/

 

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Bitcoin is a digital currency which is globally accepted. It would be the future world currency i.e all the payments would be done by Bitcoin. Day by day its value is increasing and will be increased manyfold. Presently 1BTC= 1031.99 US Dollar.

For more information, you can visit :  https://en.wikipedia.org/wiki/Bitcoin

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Bitcoin is being emerged as another commodity that is accepted worldwide now and it is gaining much popularity. There was time when its value was zero or near to it but it has improved its value significantly and maybe this could replace all other currencies in future.

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Bitcoin is valued thanks to the fact that everyday it's becoming more and more popular. And the price is high because there aren't very many of them=)

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When Bitcoin started, who would have imagined that the value of Bitcoin would increase significantly? There are many other alternatives also to Bitcoin like Ethereum, Ripple, Litecoin, Dash and Zcash, etc., but they have to still reach up to the significance that Bitcoin has reached.

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I'm wondering what made Bitcoin raise so much in the latest month. Whats your prediction for the end of the year on bitcoin price, @davidsmith


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People have started understanding the potential of the cryptocurrency, and there has risen a self-created need to possess Bitcoins. Day after day the value of Bitcoin is increasing, my guess by the end of this year One Bitcoin would touch the $ 3800 mark.

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well bitcoins are ok but i hear that people can infect your pc to use your gpu to mine coince

some were i read that many gpu melted from usage , feels bad man

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Admin

Good question @Porde . In my opinion, at the moment there is a lot of hype and speculation in the crypto currency area and a lot of people purchase Bitcoins and other crypto currencies not to use it but to keep it hoping they will sell it at one point with higher profits.

Is not like the main reason of increasing price is that a lot of merchants started to accept bitcoins so there is a real increase of need of Bitcoins.


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By midnight of Sept. 15 all Chinese cryptocurrency exchanges must stop registering new users. By Sept. 20 all exchanges should prepare a shutting down plan. On Sept. 30 cryptocurrency will be banned completely.

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There was time when its value was zero or near to it but it has improved its value significantly and maybe this could replace all other currencies in future

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