[2017-06-02] Decoding enigma of bitcoin in 9 slides

[Eric Cartman]

Bitcoin, the first decentralized digital currency, recently made news when it became the choice of currency for the cyber attackers who crippled computer networks around the world. After which, the value of the currency shot up and now stands at Rs 1,56,452.46 to even exceed the price of gold!

Here’s a look at the digital currency and what it means to investors

http://economictimes.indiatimes.com/markets/stocks/news/decoding-bitcoin-in-9-slides/everything-you-need-to-know-about-bitcoin/slideshow/58960656.cms

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[aso118]

Bitcoin, the first decentralized digital currency, recently made news when it became the choice of currency for the cyber attackers who crippled computer networks around the world. After which, the value of the currency shot up and now stands at Rs 1,56,452.46 to even exceed the price of gold!

Here’s a look at the digital currency and what it means to investors

http://economictimes.indiatimes.com/markets/stocks/news/decoding-bitcoin-in-9-slides/everything-you-need-to-know-about-bitcoin/slideshow/58960656.cms

Sometimes, these articles are just rehashed and pushed around. If they fail to update the price of Bitcoin, it is a dead give away.
If we look at slide #5

One bitcoin recently traded for $1,734.65, according to Coinbase, a company that helps users exchange bitcoins. That makes it more valuable than an ounce of gold, which trades at less than $1,230.