Wishesh magazine january 2018 Wishesh magazine january 2018 | Page 41

Bitcoin 2017
The Latest Digital Trend
in Currency
Suddenly all Economic and Financial trends are
showing up Bitcoin and its splurge. As a layman
it may be difficult to grasp each and every bit of
trending bitcoin details. So everything you wished
to know about bitcoin is right here.
Bitcoin is a cryptocurrency
and a decentralized digital
currency with no single
administrator or central
bank to monitor it. Bitcoin
is thus, a new currency that
was created in 2009 by an
unknown person using the
alias Satoshi Nakamoto.
Transactions are made with
no middle men or no banks.
But much of the recent
hype is about getting rich
by trading it. The price of
bitcoin skyrocketed into the
thousands in 2017.
Bitcoins can be used to buy
merchandise anonymously.
In addition, international
payments are easy and
cheap because bitcoins
are not tied to any country
or subject to regulation.
Small businesses may like
them because there are
no credit card fees. Some
people just buy bitcoins as
an investment, hoping that
JANUARY 2018 | WWW.WISHESH.COM