CEO of Zelus Technologies Daniel Awurah urge Ghanaian youth to invest in the virtual currency due to the recent increase in its value.Below are what he suggests everyone should know.
Bitcoin is a new currency that was created in 2009.Transactions with bitcoins are made with no middlemen – meaning, no banks! And more international merchants are beginning to accept them.
Bitcoins highest price for the year 2010 was just $0. 39! Today,4th October 2017 1 bitcoin sells at $7212.32. Despite the unsteady rise and fall of the cryptocurrency, It keeps on increasing in value. Over the past few months, the cryptocurrency Bitcoin has Appreciated tremendously. Andis estimated to rise with time.
What Determines Bitcoin’s Price?
Bitcoin’s price is measured against fiat currency, such as American Dollars (BTCUSD), Chinese Yuan (BTCCNY) or Euro (BTCEUR). Bitcoin therefore appears superficially similar to any symbol traded on foreign exchange markets.
Unlike fiat currencies however, there is no official Bitcoin price; only various averages based on price feeds from global exchanges.
No intentional charges are involved in sending bitcoins just like sending an email to a friend.People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally.
Where are bitcoins stored?
Where are bitcoins stored?The Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money. Unlike bank accounts, bitcoin wallets are not insured by the FDIC ( Federal Deposit Insurance Corporation).
Why invest in Bitcoin?
- Bitcoin keeps breaking records! Its value has risen rose over 360% from the beginning of 2017.
- Cryptocurrencies are known for their rapid price movements, providing potentially high returns on investment.
- INSTANT EXECUTION Lightning fast speeds in milliseconds.
- ALL ACCOUNT CURRENCIES Available for GH₵,USD, GBP, EUR and NGN* accounts.
How do I buy and start using Bitcoin in Ghana?
visit: Register a bitcoin wallet: https://blockchain.info/
Buy from: https://ecurrency4u.net/
Contact Zelus Technologies for your software solutions: https://zelustechnologies.com/