As most of us know by now, the Bitcoin is a digital currency, a virtual currency. It is not controlled by any central governmental authority and, as such, is not subject to a government-directed devaluation. Those who hold Bitcoins as an investment should be especially wary because it has experienced wide fluctuations in value due to the market forces surrounding such a monetary unit. Because they are a virtual currency, the holder of Bitcoins does not have to carry them around or for that matter hide them under a mattress.
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US Should Wake Up and Smell the Bitcoins
Posted by: Theodore F. di Stefano November 7, 2013 09:16 AMAs most of us know by now, the Bitcoin is a digital currency, a virtual currency. It is not controlled by any central governmental authority and, as such, is not subject to a government-directed devaluation. Those who hold Bitcoins as an investment should be especially wary because it has experienced wide fluctuations in value due to the market forces surrounding such a monetary unit. Because they are a virtual currency, the holder of Bitcoins does not have to carry them around or for that matter hide them under a mattress.