Bitcoin to Naira Exchange Rate Today [June 26, 2017] | BTC
Bitc o in to Naira Exchange Rate Today | Bitcoin to Na ira
Exchange Rate for Monday, 26th June 2017 | What is the
Bitcoin ( BTC ) to Nig erian Naira (NGN ) Officially and Black
Market Exchange Rate Today.
Bitcoin to Naira Exchange Rate Today
Bitc oin to Naira Exchan ge Rate Today
This article will give answers to questions like;
What is Bitcoin?
What is the current Bitcoin to Naira black market exchange
How much is 1 BTC in NGN black m a rket?
Convert Bitcoin to naira in black market rate.
Who invented Bitcoin?
The BTC to Naira exchange rate in the black market is not
pegged as CBN rate, as such, it fluctuates daily. For this
regard, this page is updated frequently with the latest
exchange rate for Bitcoin to Naira, we advise you to Bookmark
BITCOIN(BTC) to Naira(NGN) Exchange Rate Today
1 BTC to NGN = N 877, 656.00
About The Nigerian Naira (NGN)
1 Naira = 100 kobo
The naira is the currency of Nigeria. It is subdivided into 100
kobo. The Central Bank of Nigeria is the sole issuer of legal
tender money throughout the Federation. Currently, the
amount of foreign currency is regulated through weekly
auctions, while the Central Bank sets the exchange rate.
About The Bitcoin (BTC)
Bitcoin is both a cryptocurrency and an electronic payment
system invented by an unidentified programmer, or group of
programmers, under the name of Satoshi Nakamoto. Bitcoin
was introduced on 31 October 2008 to a cryptography mailing
list, and released as open-source software in 2009.
Key Factors that Influence The Bitcoin Price
Stability of the Bitcoin Network
The Bitcoin Demand and Supply
Wider Mainstream Acceptance
Large Businesses Dumping to Fiat Currency
Technological Changes and Innovations
However, factors that influence the price of bitcoins are quite
diverse. Some of them are slow but quite steady, such as the
gradually rising supply and demand curve. Others are
sentimental and violent, like the speculative trade, which
influences the trading of bitcoins each day.
In spite of the opposing forces, which often exert their
influence on the bitcoin market, the long-term average price
seems to be on the rise. Note that learning about these factors
will not necessarily make the bitcoin price more predictable.
However, understanding them can help you to be more
comfortable with the price fluctuations and make informed
decisions at the right time.
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