It’s an easy way to figure out the value of a digital currency: by comparing its price to the value that an equivalent coin would be worth.But Bitcoin can only exchange value between one and five dollars at a time, meaning it’s not a reliable way to compare currencies.That makes it hard for many people…
Tag: cambodia currency
How to buy, sell and trade Bitcoin in China
People in China are now using Bitcoin as a way to buy and sell goods and services.As of April 2016, Bitcoin was the world’s second most traded currency after the US dollar, with an average volume of $3.4bn per day.But the currency is still largely unregulated in China, with some regulations on how much it…
What is the US dollar?
A lot of things.The dollar is a global reserve currency and, for the last four years, it’s been trading at about 40 percent of the world’s reserve value.The Fed, which is not a government agency, controls the supply and demand of dollars.That means that if the Fed were to hike the dollar’s value, it would…
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