Bitcoins occur just as electronic representations and are not pegged to any traditional currency. Over the past few months I've watched bitcoin's value rise exponentially. I had no thought what bitcoin was and never actually heard about crypto currency a few months ago. But with the recent government and press attention crypto currencies have obtained, they have gotten everyone's attention.

Crypto currency or maybe more simply digital income is increasing popularity quickly all around the world as it makes transactions quicker and cheaper. These transactions are guaranteed Bitcoin Price USD  by cryptography and each transaction has a unique trademark or personal key. Using its increase in value and acceptance everyone needs an item of the action. You can find two main methods to make money with bitcoin. 

The foremost is quite a easy process of purchasing the money being an investment and trust that its price increases. The second reason is the procedure of "mining" bitcoins. After a exchange has occurred they're then verified over the network by "miners" applying complex algorithms. As an incentive for his or her work they receive purchase charges and/or freshly minted bitcoins!

From an trading point of view there is a huge risk/reward component as that currency is somewhat new and doesn't have intrinsic value producing volatility and major price changes. A positive fact is that there's a large amount of income dedicated to this and companies are signing on to utilize this currency therefore we do not know when its price can return to zero!