Or Is The World’s First Digital Currency A Risky Investment? With the first Bitcoin ATM launching in Vancouver on Tuesday, some may question the validity of the digital currency and its efficacy in the modern world. Is this is bitcoin the one world currency venture doomed to fail, losing investors thousands if not millions of dollars in the process?
The other way to obtain BTCs is through the peer-to-peer markets in which people buy and sell the currency at fluctuating prices that respond to supply and demand. Bitcoins can be spent online or at certain retailers, and has a vendor list that grows daily. It’s not as simple as it sounds. Bitcoin is highly volatile in nature as it responds to the market. Since its inception, Bitcoin has gone through several major crashes over the last four years. Gifting BTCs put an influx of currency that wasn’t on the market and crashed it.