Bitcoin to Naira Exchange Rate Today [June 12, 2017] | BTC to NGN.
This article will give answers to questions like;
- What is Bitcoin?
- What is the current Bitcoin to Naira black market exchange rate today?
- How much is 1 BTC in NGN black market?
- Convert Bitcoin to naira in black market rate.
- Who invented Bitcoin?
The BTC Naira exchange rate on the black market pegged as CBN money, as such, it fluctuates daily. For this issue, this site is updated frequently with new exchange rate for the Bitcoin sum, we advise you to Bookmark this page.
BITCOIN(BTC) to Naira(NGN) Exchange Rate Today
1 BTC to NGN = N 877, 656.00
About The Nigerian Naira (NGN)
|Sub-Unit:||1 Naira = 100 kobo|
A sum of money Nigeria. It is subdivided into 100 kobo. Central Bank of Nigeria is the sole issuer of legal tender money throughout the Federation. Meanwhile, 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 programs, or group of programs, under the name Satoshi Nakamoto. Bitcoin was introduced on 31 October 2008 by cryptography mailing list, and released as open-source software in 2009.
Key Factors that Influence The Bitcoin Price
- Government Regulation
- Media Influence
- Stability of the Bitcoin Network
- The Bitcoin Demand and Supply
- Wider Mainstream Acceptance
- Large Businesses Dumping to Fiat Currency
- Technological Changes and Innovations
- Market Manipulation
However, factors that influence the price of Bitcoins is quite different. Some of them are quite slow but steady, as the gradually rising supply and demand curve. Others are boring, and boring, as speculative trade, which influences the trading Bitcoins every day.
Despite the opposition 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 would not necessarily make bitcoin prices broader. However, understanding them can help you become more comfortable with the price fluctuations, and their decisions at the right time.
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