How is Bitcoin Price determined?
The base price of bitcoins is not set by any central body or government. This means that the price will most likely fluctuate each day. Many people believe this fluctuation is caused by political or economical instability around the world. For instance, a country in Middle East which may become unstable could cause the price of one currency in the region to increase compared to another currency which has a stable economy.
When you are trading on the Internet you have a few different choices for money. You can trade with major currencies around the world using the US dollar, Canadian dollar, British pound, Japanese yen or Euro. Some people prefer to trade using smaller currencies around the world such as the Swiss franc, Mexican dollar or the Australian dollar. One advantage of trading u...