bitcoin

Will be very strange if you still didn’t hear about the Bitcoin! If you still didn’t hear the reason can be you live on remote island, or you didn’t watch any news in the last one year! Everyone is buzzing about Bitcoin someone call it the killer of PayPal some even go further they call it the new payment system. Till we write this article someone probably make millions.

But how Bitcoin can cost something if even don’t exist, from where its come his value? We know the paper money are secured by golden reserve of its countrys and government guarantees. Bitcoin from the another hand is just virtual and his value is come from the people who own it. And till some country quietly accept it the Chinese central bank ban all banks in the country to trade or exchange Bitcoins. After this news was announce currency fell 29% to reach low of $870. Before the news the currency was reach $1,225

China’s central bank said Bitcoins did not qualify as a currency, but private individuals still are allowed to trade them at their own risk.

Judged by its nature, Bitcoin is one particular kind of virtual product. It does not have the legal status of a currency, and it cannot and moreover should not be allowed to circulate in the market as a currency.

One Bitcoin is exchange to 947.203 USD at date 2014.02.04

Australia is prepared to install 100 ATM machine. Some is already operate in Canada! The future of the Bitcoin remain unclear for now.

Nicolas T.TECH NEWSBitcoin,ExplainedWill be very strange if you still didn't hear about the Bitcoin! If you still didn't hear the reason can be you live on remote island, or you didn't watch any news in the last one year! Everyone is buzzing about Bitcoin someone call it the killer of PayPal...