Bitcoin is certainly the most traded and talked about cryptocurrency, but there are thousands of other coins available for trading. You’ve probably heard of ‘blockchain’ or read about it due to the rising value of Bitcoin near the end of 2017.

www.nairaland.com/attachments/11773923_whybitcoinhasvalueandwhyyoushouldinvest_jpeg_jpegae0828ea6ad07921f92335f4bd2c15ca

Bitcoin is the first blockchain-based cryptocurrency in the world. It is considered the most widespread and successful. The first real price increase occurred in July 2010 when the valuation of a bitcoin went from around $0.0008 to $0.08 for a single coin.

The original premise of bitcoin was to become peer-to-peer electronic cash that could disrupt some existing fiat currencies.

Have you ever tried to learn more about it and how it works? In this episode of Patricia learn, we will focus on the value of trading and investing in bitcoin.

Bitcoin and other digital currencies have been touted as alternatives to fiat money. Bitcoin has the characteristics of money (durability, portability, fungibility, scarcity, divisibility, and recognizability) based on the properties of mathematics

1. Scarcity: Bitcoin is scarce like gold. “Bitcoin is unique not only because it is digital, but because it is scarce and available for anyone to use.”
2. Utility: Bitcoin's utility as a store of value is dependent on its utility as a medium of exchange. Like fiat currencies, Bitcoin is not backed by any physical commodity or precious metal.
3. Transportability: Bitcoin is transferable between parties within minutes. Bitcoin has better transportability than other digital Mediums of Exchange (like Paypal) due to a lack of a central authority,
4. Durability: As Bitcoin doesn't exist in physical type, it can't wear out like paper or coins. Transferable – Bitcoin is digital and so you can transfer it to anyone, anyplace in moments. Fungible – any explicit Bitcoin is equal in worth to the other
5. Counterfitability: There is no such thing as a "counterfeit bitcoin" that can be copied.

With Patricia, you can now use Bitcoin for your everyday life, Pay Bills, renew Subscriptions using the Patricia luxury bitcoin card you can even withdraw money off ATM machines worldwide.

As Bitcoin becomes more globally accepted, we would see the rise in Value and Use cases of Bitcoin.
Get started with Bitcoin today... [url]Visit www.mypatricia.co[/url]