Bitcoins are not our everyday currency. To start with, Bitcoins are invisible, and exist only in the Cloud (or in the mind). They are not actual currencies, but computer folders, which are encoded for secrecy and safety by special Coders. Bitcoins are not bound to any country, nor are they backed by any Central Bank. This sounds risky, and of course, there is a degree of risk associated with all crypto currencies. It is not tied to any “parity value” against existing currencies, nor can they be dictated to or interfered with by their countries of origin, as in fact, they have no country of origin.
A Strange Form Of Currency
National borders cannot hold them back, crypto currencies freely cross them. The values of Bitcoins against the major currencies are often volatile, and vary widely with time. The Bitcoin value was calculated as US$20,000 in 2017, but fell to US$4,000 in 2018. It is now estimated by experts to rise to US$50,000 by end of 2019. One easy way of procuring Bitcoins, apart from buying through Bitcoin Wallets, is to participate in Bitcoin Games and Lotteries. Some very safe agencies run these games, and excellent odds on winning make this route very attractive to Beginners. Various degrees of complexity make these games very exciting to the Players, and Games like Hi-Lo and Event Betting are proving very popular. Payment is done in Bit Coin, the proceeds of which can be deposited in the Bettor’s regular bank account or earn interest as Bitcoin Deposits in the Exchange.