Bitcoin Remains Volatile Option for Investors

For those who have not been following the saga of Crypto Currency, Bitcoin and Litecoin, it may come as a surprise that currencies with no intrinsic worth remain a volatile commodity for investors. For those who have been keeping up with conversion rates for digital currency it is clear that the very volatility that has defined pseudo-currency is what is keeping investors interested in this field. Recent modifications in the value of such currency as well as the bankruptcy of one of the greatest platforms in the globe exchanging Bitcoins has called into query the future of this digital money. Nevertheless, experts reassure these who want to use Crypto Currency, Litecoin and Bitcoin that the "fad" that led to digital money is probably right here to remain.

A Short History of Bitcoin, Litecoin and Crypto Currency

Bitcoin and other forms of pseudo-currency are used as payments for transaction fees, products and services. Bitcoins or Litecoins can be exchanged for "real" currency at a given rate. Experts had been concerned that Bitcoins and other digital currency might be used for illegal activity as they are a lot simpler to exchange and "launder" than other types of money. Bitcoin use was implicated in an illegal drug website, for instance, and there might also be other examples of illegal use that have not yet been reported.

The worth of these currencies has also been the topic of debate. Bitcoin values rose 90-fold in 2013, making a "Bitcoin bubble" that deflated quickly in 2014. The sudden drop in worth by about 50 percent has led to speculation that the pseudo-currency field is dying and quickly will go the way of the dodo.

Nevertheless, is it too quickly to declare Bitcoin and Litecoin a failure? Specialists disagree on the topic, but some claim that there is a location in tomorrow's financial market for digital currency.

Bitcoin Problems and Solutions

The recent bankruptcy of Mt. Gox, the Tokyo-based exchange for Bitcoin and the largest Bitcoin exchange platform in the world, took most investors by surprise. Even more puzzling was the news that the equivalent of $400 million worth of coin had gone missing.

However, even the disappearance of six percent of the total Bitcoins in the globe does not seem to have slowed the giant currency down much. Bitcoin continues to battle certain companies such as Apple due to the perception that the currency may not be legal, but a growing number of apps and programs accept Bitcoin with no problem.

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