Gary Thomas plans to enrich themselves with the virtual currency , but not by bitcoin , a digital currency that is rising in a number of places in the world . An electrician was betting on newcomers like alphacoin and fastcoin .
Thomas began trading digital currencies from his home outside Boston , United States ( U.S. ) , earlier this year . He believes this is his ticket to the fortune . Though he never lose money because of the virtual world , while investment in Internet stocks when the dot - com heyday era finally collapsed .
" I think this is a point in history that will never be repeated , " said Thomas , who is now entering the age of 50 years . " Digital currency will be very beneficial , beyond the shadow of the people . "
Fever or cryptocurrency digital currency has delivered more than 80 currencies , from peercoin and namecoin , until worldcoin and hobonickels . In October and November alone , the developer released gridcoin , fireflycoin , and zeuscoin . Bbqcoin also bounced back after collapsed in 2012 after the birth . Litecoin , which was released in 2012 , is now the strongest alternative for bitcoin .
According to the virtual currency , the new currency the group is driven by public awareness of the existence of bitcoin . The fans also hope digital money can make money fast by trading virtual money . Bitcoin , which was released in 2009 , is now sold for about $ 548 per coin until Wednesday afternoon in New York . Now all existing bitcoin is worth about $ 6.6 billion , according to CoinDesk.com , which calculates the average price of bitcoin in all exchanges . Bitcoin popularity encourages the U.S. Congress held a hearing this week . In front of Congress , law enforcement agencies say bitcoin is a currency that is legal , although they worry bitcoin will be used in illegal activities .
That statement is a golden moment for fans of digital currency or cryptomania . Bitcoin price jumped up to $ 781.82 on Monday before falling . Several other digital currencies go up .
Bitcoin is triggered by someone or a group who uses the name Satoshi Nakamoto . People can make or " mine " bitcoin in limited quantities by using a computer to find solutions to complex mathematical formulas . Bitcoin can then be traded digitally . Investors also buy and sell coins through online exchanges . Some sellers receive virtual currency as payment for goods and services .
The new coins are usually put on the same basic principle with bitcoin , but the algorithms or rules are slightly different . The rules can speed up the transaction or change the frequency and difficulty to get coins .
Greg Schvey , head of research Genesis Block , researchers and company tracking digital currency of data from New York , said the abundance of this new currency " can be a nuisance . "
According Schvey , many of the new virtual money will not be successful and ultimately worthless. " These coins will only be great in the right hands , " he said . ( WSJ )
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