Slow and steadily, everybody in this world is being caught up in an idea of Bitcoin. The most common asked question appears to be – did you invest in the Bitcoin yet? Why not, knowing it is much better than the gold or traditional fiat currency, also not to mention, it’s in the limited supply or is subject to different economic laws, which suggest the future growth as well.
What Determines Real Value Of Bitcoin?
Gold is the sound money as well as limited in the supply but it does not move well. Dollar moves really well but isn’t limited in the supply. The Bitcoin moves very well as well as is limited in the supply that is why outcompeting both right from the creation in the year 2009. It’s natural for this to grow in the value with time, regardless of what pundits say, or when it increases in the value, and obvious question of checking your profits will come in when you exchange BTC to INR.
To realize the real profits one has to sell their BTC in the exchange for fiat or cash as it is acceptable in the native countries. Thus, I think it’s apt to talk of the questions, which come to your mind when selling the Bitcoins for real cash.
There are a few simple ways of converting BTC in INR, USD, EUR and GBP, and you can find them easily on internet. But, before you pick any methods, you have to know how you would like to receive the fiat.