Crypto Currency News – Investors who are looking out for new or diversified products for investment purpose can think of buying bitcoin which is gaining worldwide popularity. Conscious investors will earn maximum returns in future when they invest their money in this crypto currency trade. Bitcoin News that is stored here will give latest information about this trade which will be useful for the new investors. People who are new to this trade should understand the difference between crypto currency and ordinary currencies that are circulated in the currency market. Bitcoin was the first crypto currency which was introduced in the year 2009 and sources confirm that the price of this digitally encrypted coin was only $0.08 during the year 2010.
Bitcoin rose steadily from that point of time and touched $1 and takes parity with US dollar. Even though the prices of bitcoin plummeted during the year 2011 it rose back steadily and became one of the best crypto currencies in the world. During the year 2014 US regulatory agency approved a bitcoin financial product. Bitcoin also saw serious of threats and hacks in the previous years which resulted in up gradation of security systems. Sources provides information that the inventor of bitcoin was Satoshi Nakamoto a 64 year old senior citizen who lives in the country of the USA. More than fifty countries have legalized this coin and in future course even other countries will legalize bitcoin. Amateurs can make money buying bitcoin provided they understand the risks that are involved in this trade.
Bitcoin has fantastic history which is worth exploring. Visitors who have not purchased bitcoins till date should explore the history of crypto currencies and decide their next course of action.Bitcoins became famous when several universities, online sellers and growing companies started accepting it. Bitcoins are extremely famous in China and Japan and slowly gaining popularity in India and other eastern countries. Researchers and financial experts predict that bitcoin will rule the world in future since it becomes online transactions simple. After the successful launch of bitcoin other crypto currencies were launched successively and became popular. There are lots of crypto currencies in the world which are making headlines and some of the popular ones are litecoin, namecoin, swiftcoin, bytecoin, peercoin, dogecoin and feathercoin.
The latest addition in the exhaustive list is petro which was launched this year and gaining immense popularity. This coin is the first cryptocurrency backed by one of the oil companies which is functioning in the country of Venezuela. Even Kodak industry which is into the field of photography launched kodakcoin which became inactive quickly. Investors should do maximum research, survey and reading before buying crypto currencies since there is certain amount of risk involved in this business. Millions of teenagers have also registered in several reputed crypto currency sites and invested minimum or maximum money in this trade. Even several fortune companies have also purchased thousands of coins through reputed firms. Anyone who have money can register in reputed bit coin sites and buy coins at any point of time.