Trading with Bitcoins
Unlike other forms of currency, Bitcoins are completely free of any form of processing fee or exchange rate. Each individual Bitcoin’s value isn’t based on a form of currency rate like all other forms of currency are; Bitcoins are valued by their demand and supply. Basically, this means that Bitcoins are as valuable as people want them to be. If a seller demands a certain number of Bitcoins for a product or service, then a buyer can either pay the requested sum, or look for other services.
Because of this potential to be a readily available as people would require, Bitcoins have become the ideal trading platform for people interested in finding a great deal, or in making a profit. This differs hugely from their potential to be able to purchase products online, as Bitcoins have become a very volatile trading platform in their own right. In many cases, people have even used Bitcoins to trade against other forms of currency.