Endorsed by Gambling911

Forbes: Bitcoin is Bigger Than Ever

Written by:

Guest

Published on:

May/26/2017

Ryan Whitwam, writing for Forbes.com, says the anonymous cyber currency Bitcoin popular with online gamblers is bigger than ever and the ramifications are as well.

What is bitcoin?

Bitcoin is what's known as a cryptocurrency, a digital asset that exists only as data. You probably have money in the bank that is digital, but those digits equal physical currency. Not so with Bitcoin. Bitcoin also has no centralized regulation nor innate legal framework. As such, the value of Bitcoin is dictated entirely by the market, and the market is hot right now.

And that hot market is making people rich.

If you'd bought $1,000 of Bitcoin in 2010, you'd be worth $35 million right now, Whitwam points out.

That being said, Bitcoin is also highly volatile.

Imagine being paid in Bitcoin, and then finding your money was only worth half as much a few days later. Economies with that kind of inflation are not stable, but Bitcoin has the advantage of operating alongside regular government-backed money. Almost no one has all their assets in Bitcoin.

The good news, Whitwam says: “Bitcoin isn’t going anywhere”.

Business/Financial News

Bet on Tesla's Stock Market: Price Slips to More Than 6 Percent Thursday

On Thursday, the stock price had dropped more than 6 percentage points to 378.32 USD.

Bitcoin Surges Above $106,000 on Strategic Reserve Hopes

Bitcoin surged to a record high above $106,000 in early Asian trade on Monday, boosted by comments from President-elect Donald Trump that suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve.

Bookie Pay Per Head Demo

Price per head companies offer prospective clients a chance to try their Pay Per Head software through a free two week demo but AcePerHead.com takes things one step further. How about a FREE week per month FOR LIFE?

Bet on Will Ethereum hit $3,800 by Friday December 6

Some $8,000 had been bet so far at Polymarket with 44% of those backing Etherum's price shooting above the $3800 mark by Friday.

PricePerPlayer Puts More Dollars in Your Pocket as a Bookie

The primary reason that someone goes into business is to make a profit selling a product or service. The main reason why so many people fail at accomplishing this goal is the lack of having the proper business tools to turn their dream into a reality.