The Bitcoins sager has been revived with the latest story to hit the net being a good one. Since the launch back in 2009 the value of the crypto-currency (http://www.plus500.com/?id=70534&pl=2) has risen to such an extent that a staggering $800,000 profit has been recorded from a $27 investment.
The phenomenal rise of the Bitcoin is nothing new to those of us that already or trade in Bitcoins, but this story of success revolves around an initial invest was a $26.60 buy for 5000 Bitcoins back in 2009. The owner/investor completely forgot he actually bought digital currency and cash out recently at today’s market value and netted a staggering $886,000.
The rise and fall of the use and publication of Bitcoins has been meteoric in as much as its successes and short falls have travelled from fabulous to frustrating with a touch of frantic in the middle. The success story spoken of in this piece is by no means a one off, however the list of those that have made their fortune from this crypto-currency is a short list. The rest of us trade this coinage with a mixed feeling of admiration and loathing in equal measures, which obviously all depends on purchase and value prices.
What?
Bitcoin is a digital currency that is widely used and distributed without the involvement of an intermediate or broker. The ease of use of Bitcoin allows each owner to transfers ownership of the digital currency form one owner to the next by digitally signing them over in a Bitcoin transaction.
Why?
As there is no broker or intermediate, Bitcoins have the availability of a virtually unlimited supply and are widely accepted as a payment transaction as well as an investment opportunity.
As an investment opportunity Bitcoin is not as widely traded on as other currencies, but the popularity on the digital coin is gaining speed in countries that have a low value national currency. As such Bitcoin will always be used as a means to bypass inflation, central controls, and more importantly international sanctions.
Why not?
As with any currency investment the Bitcoin relies heavily on external factors that make up the value of a currency and as such is subject to a rollercoaster of trading values. Bitcoin value depends on the willingness of users to accept it and derivatives on bitcoins are thinly available.
Where?
If you are looking for a trading platform that is perfect for making money without the razz-a-ma-dazzle and fancy gimmicks, then Plus500 (http://www.plus500.com/?id=70534&pl=2) is the right place. Their fabulous “New traders” bonus of £25 is without Deposit needed, and is a great way to start. Plus500 also offer a very comprehensive and unlimited Free Demo account. Trading Bitcoins is as easy as it gets. Read our full review on Plus500 here. http://mysocialtrader.com/review/plus500-2/
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