How Bitcoin Became So Popular - PowerPoint PPT Presentation

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How Bitcoin Became So Popular


Bitcoin was the first digital currency to be created. The Bitcoins trading is booming, and a big reason for this is the volatility of the cryptocurrency. – PowerPoint PPT presentation

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Title: How Bitcoin Became So Popular

How Bitcoin Became So Popular
  • How Bitcoin Became So Popular
  • Advantages of Using Bitcoin
  • 1. Irreversible Transactions
  • 2. No Paperwork
  • 3. Appreciating Value

(No Transcript)
How Bitcoin Became So Popular
  • The first digital currency to be created was
  • It is also most respected capitalized and traded
    cryptocurrency all over the world.
  • Bitcoins trading is booming, and a big reason for
    this is the volatility of the cryptocurrency.

  • Currency trading allows for maximum yield when it
    is volatile lots of ups and downs. It is
    precisely the reason global traders enjoy trading
  • Plenty of profitable opportunities are available
    when markets are volatile, and Bitcoin ranks
    highly with the currency traders.

  • The media plays a huge part in the volatility of
    Bitcoin. Whenever breaking story surfaces,
    Bitcoin volatility rises, and traders cash in.
  • History has shown that the Bitcoin traders and
    speculators routinely push the digital currency
    to the forefront of CFD trading.

  • It is increasingly being used as a preferred
    payment option at merchants, for the money
    transfers and trading purposes.
  • More traders are turning to bitcoins trading than
    ever before, and that is why the cryptocurrency
    is inherently valuable. It is a high demand
    financial trading instrument, despite no
    association with the central banks and

  • Bitcoins are mined with the powerful computer
    hardware and computer software.
  • A maximum of 21 million Bitcoin will be
    available, after which no more bitcoins will be
  • The algorithm which governs the production of the
    Bitcoin limits quantity that will be produced,
    and the rate at which they will be produced.

  • It is a finite commodity there is a fixed amount,
    and that ensures that the greater demand will
    always prop up the price.
  • In this way, it is similar to the other finite
    commodities such as silver, crude oil or gold.

Advantages of Using Bitcoin
  • Bitcoin is the digital currency that everyones
    talking about, and its revolutionizing how we
    trade and spend money.
  • Bitcoin has numerous advantages over using
    localized currency. Below we discuss some of
    biggest advantages.

(No Transcript)
1. Irreversible Transactions
  • Bitcoin is the only payment method that is 100
    irreversible and cannot be charged back.
  • This is the reason, and you should be careful
    when sending Bitcoins be sure that you are
    sending them to a trusted vendor.

2. No Paperwork
  • Anyone, from any country, of any age, can accept
    Bitcoins. There is no ID card, passport or proof
    of address that all the conventional banks
    required to open an account.
  • All you only need to do to start sending and
    receiving Bitcoins is to download a Bitcoin
    Wallet program and generate a Bitcoin Address.

3. Appreciating Value
  • The value of Bitcoins was initially highly
    volatile during the first several years of its
    inception, however, during the last six months
    the currency has stabilized and has been steadily
    increasing in value on a daily basis.

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