It is true that the rate of BTC is always measured in dollar equivalent?
It is true that the rate of BTC is always measured in dollar equivalent?
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Yes, it is. If you want to invest or make profit from it, you can easily convert it to your local currency.
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The price of the Bitcoin is in US dollars. But you can convert its value to your local currency.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Unregistered (2 )
It's only supply and demand law.
Example:
Less Bitcoins offered to be sold, higher demand (fleeing from crisis) increases BTC price.
Lags on exchanges (Mt. Gox being not avalable for some time) lowers price.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.