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Intrepid speculators and hedge funds are snapping it up. Bitcoin is a digital currency. Though some view it as money, unlike U. It is largely unregulated and no single entity controls it. The record of every Bitcoin is kept on a decentralized network where to buy bitcoin reddit 2017 more than 10, computers worldwide.
Its birth intwo months after the collapse of Lehman Bros. No one knows who created it. Bitcoin and other cryptocurrencies can be bought on online exchanges such as Coinbasebitfinexor Gemini.
Bitcoin can also where to buy bitcoin reddit 2017 bought at Bitcoin ATMsat machines throughout the region, at a slightly higher where to buy bitcoin reddit 2017. People also will sell Bitcoin privately after arranging meetings through Craigslist or Reddit. Kevin Werbachan expert in financial tech at the Wharton School, offers two explanations. The number of people trading cryptocurrencies on Coinbase has tripled this year to 13 million, according to Bespoke Investment Group.
Cryptocurrencies are also widely held in Japan, China and especially South Korea. As Bitcoin has come into the light, some restaurants, real estate companies, and car dealers will accept it. Cryptocurrencies have been widely embraced overseas, especially where people lack ready access to credit cards, and for international money transfers.
Few buyers understand how Bitcoin workslet alone grasp its underlying architecture and that of all the other 1, cryptocurrencies. But off-shore exchanges do not. In addition, cybercriminals have reportedly been scouring servers for unsecured bitcoin wallets, where private bitcoin accounts are stored, and cleaning them out. If you take the plunge, keep your records secure and in triplicate. Search Search Search Search icon. Opinion Blogs Columnists Letters. Advertise Contact Us Permissions. Powered By Inquirer logo Subscribe.
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