How Do I Know What the Value of Bitcoin Is?

It’s a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. It was created in January 2009, and it follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto.1 The identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and, unlike government-issued currencies, it is operated by a decentralized authority.

As I am writing this, the value of one Bitcoin is sitting at 55,565.80 USD.

When you want to sell it, the best way to check it up is by simply Googling on the net. It’s always up to date and it’s the most trustable source.

However, beware of fraudulent exchange sites. Always compare at what price they exchange the currency and check if they have exchange rates.

Bitcoin is changing the world every day and is already considered to be the new gold. I believe in this currency as it would be accepted everywhere in the near future, and maybe we would forget about real paper sooner or later.