Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,235 members, 7,818,785 topics. Date: Monday, 06 May 2024 at 03:15 AM

Bitcoin Has Risen Exponentially In Value In 2017 To Over $7000 - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / Bitcoin Has Risen Exponentially In Value In 2017 To Over $7000 (321 Views)

Nigeria Stock Market Among The Top 5 Global Performers In 2017: CNN / Bitcoin: Has Anyone Withdrawn Money From Luno. How Long Did It Take? / Bitcoin Sets New Record Today. Surpasses $7000 Mark (2) (3) (4)

(1) (Reply)

Bitcoin Has Risen Exponentially In Value In 2017 To Over $7000 by Flinchy001: 6:31pm On Nov 17, 2017
Bitcoin is the new digital currency everyone is talking about. Little assets have garnered the same amount of allure and mystery that the cryptocurrency has over the last few years, with millions of investors backing it to record highs this year. One of the most volatile and exciting assets on the market, one Bitcoin has risen from just under $1000 at the beginning of 2017 to more than $7000 towards the end of the year. Here’s everything you need to know about the enigma that is Bitcoin.

WHERE DID IT COME FROM?
Bitcoin is known as a ‘decentralised’ currency i.e it is not tied to any central bank or government regulator. It is a digital currency that has no physical form and exists as an encrypted set of code. Its creators wanted to introduce a currency which was not tied down to regulation and could traverse national borders. Bitcoin ‘miners’crack complex sections of code known as ‘blockchain’, which can then be used as a payment method, but the creators have only introduced enough of this to reach a peak level of 21 million Bitcoins.
Very few businesses accepted the cryptocurrency in its early form, but more and more began to see it as an acceptable form of payment. As its star grew, so did its value and the equivalent scorn from major financial institutions across the globe. People are increasingly beginning to embrace the idea of a decentralised currency.

see more on the link: https://zupago.pe/

(1) (Reply)

FOREX: Naira Loses Strength Against Dollar As CBN Intervenes With $210m / Incorporate Or Register Your Business / Prime Virtual Assistant

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 6
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.