Bitcoin is peer to peer electronic cash system, now a days bitcoins growth is very rapid , almost all the countries are aware of bitcoin trading and bitcoin mining.There are many wallets for bitcoins such as block chain, zebpay. Blockchain is just a wallet where we can store our bitcoins , and zebpay is the application in google play store that helps bitcoin user to buy and sell bitcoins easily. Bitcoin is a internet money which doesn't have physical state and it helps through internet by transferring from wallet to wallet. The process of transferring is very easy and fast process. At the time 2013 the value of bitcoin is just 19$ only and there where the rapid growth of bitcoin started. In 2013 it got the value of almost 100$ , that is 5 times greater than the past value. At the date Dec 4th 2013 this coin value almost reached 1,151$ which got a rapid unexpected gain in its value. After that there is a sudden fall in the price of bitcoins, at the stage of April 2015 the value of bitcoin suddenly dropped to 260$ which wondered many bitcoin buyers and sellers in the market at that time. From that day till now the bitcoin value is started increasing gradually and from the past few months again bitcoin value increased in a rapid way when compared to the past growth rate of bitcoin. Okay let us discuss about which factors effect the value of bitcoins.
FACTORS EFFECTING BITCOIN VALUE:-
It depends on government of a particular country , if government done bitcoin earning illegal then the value of bitcoin in that particular country is zero and earning of bitcoin in that country is a crime, for example Bangladesh. The second thing is depending upon shoppers , if shoppers are able to accept bitcoins while shopping there is a huge loss for bitcoin value. The last thing that bitcoin value depending upon the mining process of bitcoins. If any one saved their Bitcoins without any transactions it will also effects the value of bitcoins. Lastly it depends upon people who are investing in bitcoins, as many people investing upon bitcoin then the value of bitcoin increases and if less number of people interested in investing then bitcoin value decreases. I hope that this article helped you a lot , please keep updated to my page to know more details about bitcoin value and its earnings.
FACTORS EFFECTING BITCOIN VALUE:-
It depends on government of a particular country , if government done bitcoin earning illegal then the value of bitcoin in that particular country is zero and earning of bitcoin in that country is a crime, for example Bangladesh. The second thing is depending upon shoppers , if shoppers are able to accept bitcoins while shopping there is a huge loss for bitcoin value. The last thing that bitcoin value depending upon the mining process of bitcoins. If any one saved their Bitcoins without any transactions it will also effects the value of bitcoins. Lastly it depends upon people who are investing in bitcoins, as many people investing upon bitcoin then the value of bitcoin increases and if less number of people interested in investing then bitcoin value decreases. I hope that this article helped you a lot , please keep updated to my page to know more details about bitcoin value and its earnings.
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