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Tuesday 22 September 2015

Trading Bitcoin {Post-26}


This new crypto-currency doesn’t
adhere to the normal system that we
have in place. Here is how it works.

we don’t really have to say that something which appreciated in value by approximately 850% over the last six months is one of the best investments you can get into. However, the valuation of Bitcoins has gone up and down like a roller coaster ride over the same period. Very similar to a stock market this
commodity has had severe ups and downs with the worst in recent times being a drop of 61% If you wish to picture that in your mind then think of Wiley E. Coyote falling off a cliff. And just like the fantastic Mr. Coyote even 
Bitcoins have risen just as easily. Bitcoins gained immense publicity last year which was the most well performing year for the currency. Billionaires have arisen and disappeared with the inventor of the cryptocurrency being the first billionaire having a net worth of $1.1 Billion. Unfortunately, he isn’t featured on the Forbes list since he is only a billionaire each time the bitcoin exchange rate touches $1000. Also, there is the likely possibility

that this person doesn’t exist since the name Satoshi Nakamoto has been hailed as pseudonym.

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