What is Bitcoin? | How did Bitcoin become so popular?

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Bitcoin has made a big name since its launch in 2009. The idea behind Bitcoin is that the internet has shaken the world of investment just as smart computing has shaken. A digital currency that will be anonymous to its holder, which will be unmanned by third parties like central banks and offer a way to send money to non-bank people in minutes.

As a digital currency, you can predict the movement of bitcoin’s value against a dollar-like Fiat currency, such as the movement of the value of the euro against the dollar. This means that instead of buying bitcoin directly and likely to increase its highly volatile value, you can trade it when both of them increase or decrease as CFDs.

We offer you the ability to trade bitcoin and on the platform, where you can trade it against the US dollar and other currencies.

Around 2008, Satoshi Nakamoto first founded cryptocurrency Bitcoin, a truly basic invention.

The first Bitcoin software client was released in 2009 and Nakamoto collaborated with several other developers of the open-source team, who never revealed its true identity. By 2011, the founder of the mysterious Bitcoin had disappeared. His colleagues at the time understood how valuable this cryptocurrency was and worked fast to develop it to its maximum capacity.

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The world’s first bitcoin exchange was established by October 2009 and by November of that year 4 million bitcoins were ‘mined’. At that time, $1,309 was equivalent to a small fraction of a penny. It was a real steal, given how widespread bitcoin fluctuates: within eight years it had reached $10,000.

How did Bitcoin become so popular?

Bitcoin was the first digital currency to be created. It is also the most prestigious, well-known and highly traded cryptocurrency in the world. Due to its many ups and downs, it allows for maximum yield when unstable. This is why global traders enjoy bitcoin trading.

The media plays a big role in bitcoin’s volatility. Every time the breaking story comes to the surface, bitcoin slipped and traders got the chance to get cash. History shows that bitcoin traders and speculators regularly push this digital currency to the forefront of CFD trading.

It is being used as a preferred payment option for traders, money transfer and trading purposes. Bitcoin is widely popular as a financial trading tool, despite having no connection with governments or central banks.

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