An altcoin is a form of digital money (cryptocurrency) used for secure and instant transfer of value anywhere in the world. It is not controlled or issued by any bank or government, instead it is an open network that is managed by its users. Much in the way email improved communication by making it fast and cheap, altcoin/cryptocurrency is an improvement on existing payment methods that were not designed for the internet era.
Yes, there are a number of ways to convert your other altcoins to Bitcoin. You can make use of major cryptocurrency exchange websites or software like Binance, Bittrex, Changelly, Exodus, and so on.
The value of a bitcoin is not tied or pegged to the value of any other currency. Similar to stocks or property, bitcoin’s value is determined by buying and selling in the open market. A bitcoin’s price changes in real-time based on the number of people who want to buy or sell it at a given moment.
Bitcoin is traded for dollars, euros, yen, and other currencies in real-time, 24 hours a day. Depending on the demand for buying or selling bitcoin, the price can fluctuate daily. This is similar to the manner in which the value of a stock or property can go up or down based on supply and demand. Bitcoin’s value can be volatile compared to traditional currencies such as the US dollar because it is still an emerging technology.
Bitcoin allows you to instantly send any amount of money to anyone in the world without needing a bank. It allows you to access your money without needing an ATM or credit card – bitcoin gives you back control over your money. Plus you can pay friends back for dinner, buy your next computer, and donate to charity, all using bitcoin.
Many large online businesses accept bitcoin, such as Overstock, Expedia, and Dell. Non-profits such as Wikipedia and the United Way also accept bitcoin donations. Look for a bitcoin payment option at many of your favorite websites and you’ll be surprised how many accept bitcoin! You can view a list of merchants here.
Smart Asset is an online investment platform. It has been established by a group of professional traders and skilled analysts with valuable experience in the sphere of crypto-currency.
Smart Asset has turned Online Investing, into a very comfortable, speedy, and easy process. One of our strongest advantages over competitors is that we provide insurance in investing funds. We also offer our clients with the best management as well as risk control systems to ensure that their funds are being handled efficiently and they are getting higher levels of safety.
Anyone, from all over the world can become an investor. We provide investment vehicles to investors of all sizes interested in being part of the revolutionary bitcoin and crypto-tech world.
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