When BitCoins were first released in early 2009 Cheap Steve Carlton Jersey , there was no price associated with BitCoins since there were no existing currencies that could be directly exchanged for them. A number of early adopters began getting involved in BitCoins since they saw its potential as an alternative medium of exchange.
Bitcoin Price - The Ups and Downs
The BitCoin community grew and the BitCoin price in January 2011 was at $0.30. Its value was mainly based against the U.S dollar and it still is (as of this writing). After a number of ups and downs, the BitCoin price landed at around $4.25 by the end of 2011.
Bitcoins (like paper currency) will always go through trends of volatility. Unlike paper currency however Cheap Dave Cash Jersey , bitcoins have two advantages:
(1) Only a limited amount of BitCoins will ever be on the World BitCoin Exchange (BlockChain). This safety net ensures that BitCoin traders will never run into a case of "runaway inflation". Multiple countries around the world are currently suffering from financial mismanagement of their paper currencies and citizens are turning to alternative currencies - like BitCoins.
(2) BitCoin trading is decentralized - all computers from around the world (including mobile devices) can connect to the exchange network. This decentralized nature ensures that no one individual, corporation Cheap John Kruk Jersey , government or bank can have the ability to easily manipulate the BitCoin price. But that does not stop them from trying.
BitCoin Price - Wild Market Speculators
In 2013, the popularity of BitCoins grew even further. Wild speculators began jumping in and out of the market. From January to April Cheap Chase Utley Jersey , the BitCoin price shot up from $13.25 to $266.00. A price correction kicked in and pulled the price down to $50.00 a week later.
The United States Senate needed to have a "hearing" about BitCoins that year (because when you cannot control something that is not meant to be controlled by any government, having a so-called "hearing" is really important - note the sarcasm).
The BitCoin price peaked at around $1 Cheap Greg Luzinski Jersey ,240.00, but finally settled down to $800.00 by the end of 2013. It was pretty obvious that wild speculators were trying to treat BitCoins with the same wild abandon as in the "paper currency stock markets."
The year of 2014 was the year of "market correction" where the price trend generally went down until the BitCoin price was about $325.00. This year was also very important because it was the year of the "BitCoin Venture Capitalists". Over $300 million dollars of venture capital investments were used to expand and enhance the Bitcoin network infrastructure.
This expanded and enhanced infrastructure is what allows people from anywhere in the world to easily get a BitCoin wallet and begin trading in BitCoins - without having to be a "technology wizard".
BitCoin Price - Stable Investing and Beyond
Venture Capitalists are adding more investment capital into the BitCoin infrastructure and BitCoins are now recognized as a true and viable alternative currency in many countries around the world. More and more online companies are accepting BitCoins as a form of payment.
The worldwide acceptance of BitCoins is very important to the stability of the BitCoin price. If you have not invested in BitCoins as yet Cheap Dave Hollins Jersey , then there is no better time than now to do so. The BitCoin currency has indeed proven itself to be a viable alternative medium of exchange.
Cigar Humidor: the ultimate manly gift Posted On : Jul-03-2010 | seen (288) times | Article Word Count : 411 |
Cigar humidor can be one of the best gifts for elderly people, who have closeness towards smoking cigars. When you have a guy in your life that enjoys the finer things you need to stay up to date on how to help him enjoy them. A man who enjoys his cigars needs an appropriate place to keep them- a cigar humidor. These little beauties keep the flavor and the humidity (moistness) of the cigar at perfection. Keeping cigars at the perfect temperature Cheap Pete Rose Jersey , humidity and safety is vital to long lasting enjoyment.
The variety of cigar humidors can be quite daunting. offers a large selection from smaller travel sizes holding 5-25 cigars, medium sized or desktop which hold 30-125 cigars and of course t he grand-daddy of cigar humidors the large ones which hold over 150 cigars at optimum freshness which means the air is not to dry or the cigars dry out and crumble away and not to moist which would cause mold to grow and ruin the cigars.
A cigar humidor is a very important investment Cheap Tim McCarver Jersey , especially if you enjoy a high degree of cigar. This is an investment meant to last you many, many years so take your time finding the perfect one for your needs. Cheap ones can be found easily Cheap Darren Daulton Jersey , and in some fortunate cases a real good used one comes for sale, but your best bet is to do your homework and shop around.
There are a few basics to remember whist doing this: