It is popular!
Ever since the bitcoin was invented in the 2011, there have been so many discussions and arguments that went on over so many years. The talks are still going in many parts of the world. But those who are dealing in the bitcoin crypto currency are having a great time transacting with it from all over the globe/ this is used by a limited number of people and it is no match for the regular banking system which keeps records of all the transactions taking place every minute. The use of the bitcoin is also quite limited as it is not been approved by many governments in many countries but the personal or private exchanges are going on with the bitcoin price equivalent of other currencies. The value of the bitcoin has been changing over so many years since its inception and is still going on. This is the oldest crypto currency in the world and it is still going strong. People want to exchange bitcoins for cash and vice versa all over the globe. There are also agents that carry out the transaction using the block chain which is a private registry of transaction happening between the few users of the crypto currency.
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- Even though it is not a regular or a fiat currency, it is still used by the people who have come under the group of members using the coins.
- The block chain keeps all the transactions safe and secure and only members can be allowed to look at it.
- Over the years the value of the bitcoin has been changing right from when it was of negligible value and also when it was a very highly valued coin when compared with the dollar rates in the market.
- The bitcoin market is growing as well and many people are coming under its fold.
- Although very small and limited the bitcoin has a market and the exchange for the fiat currency like the US dollars and other fiat currencies are going on in the market just as it would with the real money.
- This is considered a trust crypto currency for various reasons. Just like the regular currencies of the world the bitcoin price is also affected by the economic and political situations happening around the world.