The flexibility of Bitcoin makes it stand out from traditional money, where paper currency in any value, let it be lira, dollar, rupees so on is controlled and managed by central government, authorities or regulatory body following particular rules and regulation. The value of bitcoin can be calculated by dividing to eighth decimal place (I.e. 0.00000001). This also prevents it from getting affected by any failing economies. Bitcoin on other hand is accessible by any person and can be used worldwide. Just the way currency has value that is decided by officials, bitcoin also has, but its value depends on its usage of people. Higher the demand and usage higher will be its value. They serve the same purpose.
How can you get bitcoins?
Inspired? Want to know how to get bitcoins to play the online lottery? To mention a few, firstly you can either buy bitcoin from a person by paying its current value in form of any traditional money that he is willing to accept. Secondly, barter system, sounds similar? Works in same way also. Here you exchange a good for bitcoins and vice versa and thirdly by mining, in short, works like a lucky draw system where you can get free bitcoins by running software.
Who doesn’t want profit that bitcoins provide? Profit can be made by using them in short term trade, mining and then selling when rates are good. These are two simple ways out of many. Though bitcoin is not acceptable everywhere currently still its versatility and user-friendly features are predicting it to be future money.