Over past some months you must have watched the value of bitcoin to rise exponentially. With the current government & media attention, the crypto currencies have got everybody’s attention. The crypto currency or digital money is now gaining acceptance really fast all across the world since it makes the transactions cheaper and quicker. The transactions are been secured by the cryptography and every transaction has got its signature and private key. With rise in the value or popularity everybody wants the piece of action. There’re two primary ways to earn money with the bitcoin. First is straightforward way of buying coin as the investment or hope that the value increases. Second is “mining” bitcoins. When the transaction has happened they are verified on the network by the “miners” by using the complicated algorithms. As the reward for work they get transaction fees or minted bitcoins! So, if you are interested in investing in bitcoin, it is important to do research and get the latest BTC price.
Check out the Facts
From the investing view point there is the big risk or reward factor as the currency is totally new as well as has got no intrinsic value that can cause volatility or big price changes. The positive fact is there’s the vast amount of money being invested and companies are also signing to use the currency and we have got no idea when the value can go to zero!
Mining has the big risk or reward factor. In a beginning of BTC, you can “mine” with the ordinary laptop and home computer. However, now as many people are doing this difficulty & power required to “mine” also increases. BTC’s have the maximum amount that will get minted (21 million). As we get a bit closer to twenty one million an amount of BTC rewarded for every successful “mine” will get smaller.