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Virtual currency: Winklevoss twins rely on Bitcoins exchange tutorials

 

 

 

The latest major Bitcoin investors are the Winklevoss twins, known from lawsuits against Facebook boss Mark Zuckerberg. They accused their former fellow student at Harvard University of having copied the idea for the social network Facebook from them. Ultimately, the disputes were settled, the Winklevoss brothers received $ 20 million and shares in Facebook.

 

Now they are said to have amassed a large amount of the digital currency, reports the “New York Times” (“NYT”). How much exactly your Bitcoins are worth is difficult to say due to the strong price fluctuations. On Thursday morning it was $ 11 million, reports the American newspaper. But since then the price has plummeted on the online exchanges where users trade the currency.

 

One such trading post, Mt. Gox, from exchange tutorials suspended trading for hours on Thursday. This is due to the rush of inquiries, explained the operators. You wanted to install additional computing capacity. After that, the trading platform had to struggle with Internet attacks that were supposed to overload the site. In the meantime she was unavailable.

 

Cameron and Tyler Winklevoss have been active in Bitcoin trading for a long time. They have been buying bitcoins since last summer, they explained. “People don’t want to take it seriously. But at some point that will change, and they will notice that virtual currencies will remain,” said Cameron Winklevoss to the “NYT”, “we are only at the beginning.” To protect their digital currencies from hackers, the brothers kept their Bitcoin data on USB sticks, which in turn were stored in safe deposit boxes. Other early discoverers of the artificial currency also accumulated stocks worth millions.

 

It is difficult to verify who has how many bitcoins. As with cash, the stocks are anonymous. The Bitcoins themselves are generated by computers in a complicated process by solving difficult arithmetic puzzles. Bitcoins are gradually being created up to a maximum of 21 million. The value of bitcoins is determined by supply and demand on the Internet trading platforms.

 

Bitcoin depot makes you rich as on exchange tutorials

 

Kristoffer Koch likes to try something new. In 2009 he heard something about a cyber currency and spontaneously invested 27 dollars. Then he has to continue studying, the investment is forgotten. Four years later, Koch is a made man.

 

A long-forgotten Bitcoin credit helped a Norwegian buy an apartment in Oslo. When the digital currency was introduced in 2009, 29-year-old engineer Kristoffer Koch bought Bitcoins for just $ 27 for fun. He then forgot about his investment until he read an article in April about the soaring cyber currency. He thought, “I don’t have anything like that,” Koch reported.

 

When, after pondering for a day, he remembered his password, he had a very pleasant surprise. He found that his 5000 bitcoins were now worth around 500,000 euros. Koch exchanged around a fifth of his virtual assets for 1.1 million kroner (135,000 euros). The sum that he had after deducting a tax payment of 28 percent was used as equity for the purchase and renovation of a three-room apartment in the center of Oslo, which he acquired for 320,000 euros.

 

The US Securities and Exchange Commission takes the latest case of Bitcoin

 

Koch said he never expected the course to soar. It is “strange” that something that actually has no intrinsic value suddenly becomes so valuable. At the time, his girlfriend was very skeptical about spending real money on virtual ones. In the meantime, however, she has changed her mind. He usually spends a lot of money on technical little things, then he doesn’t have time to use them. So far this has caused displeasure with his girlfriend. Now he can buy anything he wants.

 

Bitcoins can be exchanged for common currencies or used as a means of payment on the Internet. The exchange rate to real money is calculated daily and can sometimes fluctuate extremely.

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