Saturday 14 April 2012

Bitcoin Value

You may now have a question.  Bitcoin is just a virtual currency, not being underwritten by any government, how do you know the Bitcoins in your electronic Bitcoin Wallet has value?   Bitcoins value can be estimated from how much it can be exchanged for say US dollars.  You can actually do the Bitcoin to US Dollar Exchange online.   My link is only one of the many, there are even exchanges to exchange for Linden Dollars etc.  It is a fairly fun and active market now here.   Reason why I link to Mtgox is because at current they are the largest Bitcoin exchange and they do a brisk business exchanging dollars for Bitcoins and vice versa.

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