The price of Bitcoin is subject to fluctuations and variations across geographical locations, times of the day and even transactional portals. This fact seems to contradict popular opinion, which says Bitcoin holds a universal value throughout the world. The value of Bitcoin is governed by the laws of supply and demand. This simply means that the price of Bitcoin would be determined only by the amount the market is willing to pay for it. The higher the number of people interested in buying Bitcoins, higher would be its price. On the other hand, if a lot of people want to sell Bitcoins, that would reduce its price.
Bitcoins work as a payment solution like Paypal, Payza or those types of sites. It eliminates the need for the typical banking transaction fees associated with large volume transfers of money. With Bitcoin, any two parties can do business without borders, and without fees. The general public still doesn’t understand this fact.
To Donate BTC
Use this Address
36DNe6VBMyaZCccvrRpZS3bspKWDKs951T
Congratulations @mehboobali! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP