View: 623
Want create site? Find Free WordPress Themes and plugins.

Bitcoin’s cost is measured by fiat money, for example, American Dollars, Euro, etc. Bitcoin, therefore, appears similar to any symbol traded on trade markets.

Unlike fiat, however, there is no official Bitcoin cost; just different averages in light of price feeds from worldwide exchanges. Bitcoin Average and CoinDesk are two such names detailing the average cost. It’s typical for Bitcoin to trade at a price marginally different to the normal price.

But inconsistencies aside, what factors determine the price of bitcoins? well, the main factor is supply and demand. The fact that bitcoin is limited in nature leaves the currency mainly at the mercy of supply and demand. When the Bitcoin demand is high, supply drops, and the price goes up and vice versa.

Bitcoin price history is very interesting. In 2009, which was its first year it was just $0.39 per bitcoin. now it is valued at more than $7,000.00 per BTC. Stunning isn’t it.

Here is a Bitcoin value graph giving you an idea of how its price has moved over the years:

Bitcoin Value Gragh

Looking at this Bitcoin value graph, it can be easily determined that Bitcoin value has been on a constant rise over the last couple of years, and the trend is expected to continue in the future as well.

Did you find apk for android? You can find new Free Android Games and apps.

Leave a Reply

Type Comments Here

Your email address will not be published.

13 + four =

Share Your Toughts

View: 574

How to Buy Bitcoin in The UK

Want create site? Find Free WordPress Themes and plugins.

This article will explain the six easy methods to buy Bitcoin in the UK. It depends on whether you choose to buy Bitcoin using cash, card or bank transfer. You will have different options available to you.

Here are some ways to buy Bitcoin in the UK.

how to buy bitcoin

Method 1 – Buy Bitcoin with Credit Card in the UK:

Some steps to buy Bitcoin with credit card in the UK are:

  • Pick a Website: Some of the best sites to buy Bitcoin with credit card in the UK include Bittylicious, CoinCorner, and Circle. This is the not much secure way and because of less security currently, it attracts the lowest limits, highest fee, and most strict verification. The process mostly includes some steps which are chosen service and follow their on-site instructions. The Circle may change this trend but they are newcomers and don’t officially support UK cards.
  • Enter the Amount You Want to Convert: The limits of transactions may be low at the start but they may increase after the first successful transaction or after finishing their verification procedures.
  • Enter the Bitcoin Wallet Address for whom You want to make payment to.
  • Make the Card Payment
  • Depending on restrictions to each site, after some time and verification, you’ll receive your Bitcoin.

Method 2 – Buy Bitcoin Using a Buying Service:

Some steps to buy Bitcoin using a buying service are:

  • Pick a service: The purpose of buying services is to make it easy to buy a small amount of Bitcoin. Best options in the UK include Bittylicious, SpeedyBitcoin, QuickBitcoin, CoinCorner, and CoinDuit. Some of them accept cards and some accept cash payments.
  • Enter the amount You want to exchange.
  • Enter the Bitcoin Wallet Address for whom You want to make payment to.
  • You will pay them usually by Bank Transfer, and you must have the transaction reference which they provide you with.
  • Within 15 minutes after the payment, you’ll receive your Bitcoin.

Method 3 – Buy Bitcoin Using an Exchange:

  • Go to a Bitcoin Exchange as CoinCorner and CoinFloor and create an account. CoinCorner and CoinFloor allow you to pay directly in Pounds. You may also choose Bitstamp and Kraken but these Exchanges will involve a conversion of Pounds to Euros and also a SEPA transfer. Generally, this conversion results in an additional fee. This is the best option if you buy Bitcoin regularly or in bigger quantities, as the Exchange rates are generally most competitive. If you just starting you must prefer to use a different option.
  • Transfer in money by SEPA or Bank Transfer.
  • Wait for your money to clear about 1 to 4 working days. This differs between Exchanges.
  • Transfer your money for bitcoins.
  • Transfer your Coins from Exchange to you Bitcoin Wallet.

Method 4 – Buy Bitcoin with ATM:

  • Check if there is a Bitcoin ATM nearby.
  • Make sure before going to the ATM that you’ve some Pounds Sterling notes because these machines don’t accept credit/debit cards.
  • Go to the ATM. You may also have to bring Proof of ID because some ATM machines require this.
  • Follow the on-screen instructions.

Method 5 – Buy Bitcoin from a Friend Who Owns Bitcoin:

  • Find a friend who already owns Bitcoin.
  • Check the exchange rate.
  • Decide a number of Pounds which you want to exchange.
  • Pay them your Pounds.
  • Provide them your Bitcoin Wallet address so your friends can pay you in Bitcoin.

Method 6 – Buy Bitcoin Using a Trader:

  • Find a Bitcoin Trader as Mycelium, BitBargain, and LocalBitcoins.
  • Choose a Trader with a respectable reputation score.
  • Send a message to Trader and ask further details about how to pay. For pay through cash agree the meeting place and time.
  • When the seller gets the payments, the seller issues the Bitcoin amount to Bitcoin Wallet address you provided.

 

Did you find apk for android? You can find new Free Android Games and apps.
View: 550

Bunz Trading Zone Launches Its Own Cryptocurrency

Want create site? Find Free WordPress Themes and plugins.

Bunz Trading Zone is a Canadian online trading and barter platform. According to the local paper “The Globe and Mail,” the platform is launching its own cryptocurrency under the name of BTZ. BTZ is pronounced as “bitz” and as it’s reported, BTZ is going to be the first Canadian cryptocurrency to launch to ‘an already-established community’ and will become available to 200,000 users of the company from 9th April.

latest cryptocurrency news

Bunz Trading Zone

The Bunz community grew rapidly after its launch. Bunz was basically launched as a private Facebook group in 2013 by Emily Bitze (fashion designer) for exchanging unused things with friends and after the launch, it expanded outside Facebook and Toronto. The Bunz website, plus app, were launched two years ago.

According to the Globe and Mail reports, the platform expanded rapidly due to its minimalism and the absence of cash. Though, the currency’s absence based on barter platform, has offered one of the biggest challenges to Bunz as well. Without an exchange of currency, there won’t be an evident income stream.

Bunz Users Will Receive 1,000 BTZ

After this latest cryptocurrency news, the project’s blog showed details that all Bunz users will be receiving 1,000 BTZ respectively, which can be traded for goods and facilities and can be exchanged amid the members of the community. Basically, the 1,000 BTZ will have the value of about ‘three coffees’. Sascha Mojtahedi, who is the CEO Bunz Trading Zone says, that the company has planned a revenue model, however, he refused to say anything about what it is or when it is going to be introduced.

Mojtahedi said that the main purpose of the BTZ launch is to grab the attention of more users to the platform, as he stated:

“You have to be able to reward people with cryptocurrency that they’ve earned as a result of their passive involvement in the network and then enable them to use it with their peers and merchants. It gives us the room to create new models that people may not have thought of.”

Also, at the beginning of this year, known as an e-commerce giant of Japan, Rakuten announced its plans to issue its own cryptocurrency. Hiroshi Mikitani (CEO) said that it’s going to be a borderless currency.

Did you find apk for android? You can find new Free Android Games and apps.
View: 535
View: 699

Four New Crypto Funds Are Being Launched by Bitcoin Investment Trust Creator

Want create site? Find Free WordPress Themes and plugins.

On Tuesday, “Grayscale Investments” (company behind the Bitcoin Investment Trust) announced that four new investment products had been opened by it, through which investors will be provided with exposure to cryptocurrencies in a more acquainted wrapper.

Four New Crypto-Funds

So, let’s enlighten you about the new funds!

After Bitcoin Investment Trust, four latest crypto-funds have been also launched which are; Litecoin Investment Trust, Ripple Investment Trust, Ethereum Investment Trust, and Bitcoin Cash Investment Trust, as each of them will hold positions in single cryptocurrency.

bitcoin investment trust

Managing director of Grayscale Investments, Michael Sonnenshein stated;

“We are thrilled to expand Grayscale’s offerings to meet rising investor demand. Our team is committed to bridging the gap between the global investment community and the digital currency asset class. We remain focused on product creation and will continue to launch more single-asset and diversified products to provide exposure where investors are looking for it.”

Just like other products of Grayscale investments, new trusts like these will be offered in a private placement to the investors, who buy at least $10,000 worth of shares and succumb to a one-year conferring period. Ultimately, it’s expected that the trust sponsor will possibly seek to list these shares on OTC (over-the-counter) platform. If these shares are publicly-quoted, they’ll definitely have a lot more liquidity and through retail brokerage accounts they could be purchased.

Due to its heavy premium on the secondary market, it’s an anathema to many financial analysts, however, the Bitcoin Investment Trust has turned out to be very popular among buyers, and especially among those, who are worried to hold crypto-assets directly and want to gain exposure to the top-cryptocurrency through tax-fortunate retirement accounts.

Preceding to recent stock split of GBTC, it was a move that made the trust even more tempting to retail investors and left the trust among the most-purchased assets on investing app Stockpile, allowing investors to buy small shares of expensive stocks.

Grayscale Trust Offers Eight Investment Products

Overall, different eight cryptocurrency investment products are being offered by Grayscale, including;

  • Ethereum Classic Investment Trust
  • Zcash Investment Trust

Digital Large Cap Fund was launched by Grayscale last month, which is a cryptocurrency index fund, holding market cap-weighted positions in the top five cryptocurrencies. All of these cryptocurrencies are now available in separate funds, which means that when they’d be publicly-quoted, and investors could easily invest in the huge cap fund but, short any of the individual-assets on which they were bearish. Apart from GBTC, these products are available exclusively now, through private placement.

Did you find apk for android? You can find new Free Android Games and apps.
View: 628

Crypto Currency Facts – Everyone should Know Before Investing

Want create site? Find Free WordPress Themes and plugins.

There is not much awareness conveyed to the public than the Cryptocurrency. Cryptocurrency which is an alternative to our fiat currency and banking system. The first ever cryptocurrency invented is Bitcoin which hold the title of new gold in the crypto industry due to its overall minimal value. Cryptocurrency differs from the conventional currency and banking system as it doesn’t depend upon the any country’s economy or its centralized banking system. After its introduction as Bitcoin in 2009 it reaches new heights and at the end of March 2018, the bitcoin was trading about 10,000 dollars as it started from 0 dollars. That huge rise in trading also increases its demand in the general public and even businessman. Every one lured with the huge profit of cryptocurrency and starting to invest in this cause.

cryptocurrency business

As Cryptocurrency is a digitalized way of payment and it acts as a decentralized system from the other conventional banking system, so there are several cryptocurrency facts that every person should know before investing in the cryptocurrency business. It is difficult to ignore the high rise in the price of cryptocurrency but before investing in the cryptocurrency business everyone should go through the following facts.

Cryptocurrency Facts

The Cryptocurrency is a digitalized currency in which there is a value assigned behind every digital token. But there are some facts which should be known to every investor starting to invest.

  1. De-Centralization
  2. High risk of loss
  3. No Fundamental Assistance
  4. Highly volatile
  5. High Prices due to legalization

De-Centralization

The most important fact about cryptocurrency is De-centralization that differentiates it from other centralized banking systems. De-centralization means there is no legal boundary or any regulations regarding the purchase and sale of cryptocurrency. The data of the cryptocurrency is not stored in any designated place so there always remains a high chance of loss in the crypto business.

High Risk of Loss

The threating feature about the cryptocurrency is having a risk of losing all because of following factors which are mentioned below

  1. No regulation
  2. Not having proper scrutiny
  3. Continuous change in prices

It means that you can lose all of your money you have invested in the cryptocurrency business because of improper regulation and exemption from the centralized system. The continuous change in prices tends to play a huge factor in the increasing chances of losing all of its investment.

For Example, if a person buys bitcoin today worth of 100,000 dollars but suddenly the very next day the prices of bitcoin lowered due to certain reasons causes a huge loss to the upcoming investor.

Not fundamental Assistance

Most of the countries in the world doesn’t support or give financial assistance to the cryptocurrency users and as a whole crypto-industry. There are no physical factors which help the regulatory authorities to derive its actual and proper value. The value of a currency depends upon the GDP of that country but as cryptocurrencies have no fundamental ties that make valuing of cryptocurrency difficult.

Highly Volatile

Cryptocurrency is highly volatile due to the fact that they don’t depend upon any centralized system or centralized exchange system hence they work on the multiple exchanges that create the high difference in the value of these currencies and that is the indication of volatility that should be kept in mind while trying to buy cryptocurrencies.

High Prices Due to Legalization

The most common factor in the increase of prices of these currencies is the legalization of these currencies in certain countries in the world such U.S.A and Japan. There is a sudden increase in the price of cryptocurrency when Japanese made it a legal way of payment.

Another factor which due to which the prices are so high are the crypto funds. Some initial startup offer bitcoin in return high cash for their assistance.

In the end, Cryptocurrency has many advantages and disadvantages over the centralized banking system and the high prices and instant profit lure many businessmen to start their own cryptocurrency business but before investing in the business everyone should know the certain cryptocurrency facts and go over them

Did you find apk for android? You can find new Free Android Games and apps.