For those who have not followed the Crypto Currency saga, Bitcoin and Ledcoin, it can be surprising that non-intrinsic value currencies remain volatile merchandise for investors. For those who have followed conversion rates for the digital currency, it is clear that the very volatility that has defined the pseudo-currency is what prevents investors interested in this area. Recent changes in the value of this currency as well as the bankruptcy of one of the largest platforms in the global exchange of Bitcoins have questioned the future of this digital money. However, the experts reassure those who wish to use Crypto Currency, Ledcoin and Bitcoin that the “FAD” that led to digital money is probably there to stay there.
A short story of Bitcoin, Ledcoin and Crypto Currency
Bitcoin and other forms of pseudo-currency are used as payments for transaction costs, products and services. Bitcoins or literacy can be exchanged for a “real” currency at a given rate. The experts feared that Bitcoins and other digital currencies can be used for illegal activities because they are much easier to exchange and “whiten” than other forms of money. The use of Bitcoin was involved in an illegal drug site, for example, and there may also be other examples of illegal use that have not yet been reported.
The value of these currencies has also been debated. Bitcoin values increased 90 times in 2013, creating a “Bitcoin bubble” that deflated quickly in 2014. The sudden value of about 50% has led to speculation that the pseudo-currency field is in the process of To die and will soon go the path of Dodo.
However, is it too early to declare Bitcoin and read a failure? The experts disagree on the subject, but some say that there is a place in the financial market of tomorrow for digital currency.
Bitcoin problems and solutions
The recent bankruptcy of MT. Gox, the exchange based in Tokyo for Bitcoin and the largest Bitcoin exchange platform in the world, took most investors by surprise. Even more puzzler was the news that the equivalent of $ 400 million was disappeared.
However, even the disappearance of six percent of the total bits of the world does not seem to slow down the giant currency. Bitcoin continues to combat certain companies such as Apple because of the perception that money may not be legal, but a growing number of applications and programs accepts Bitcoin without problem.
Some experts see the bankruptcy of Mt. Gox as a step forward for Bitcoin. The underlying software is unchanged and many sellers are looking forward to entering the company to buy and sell using the digital currency. In addition, these suppliers claim that MT Gox was the problem and that most illegal activities related to Bitcoin are drawn from this organization, non-sellers and legitimate clients.
Check your values
No matter what happens in the future with Bitcoin, Ledcoin and other forms of digital currency, one thing will not change: the need to find an instant answer to the question: “How much is my money?”
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