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BITCOIN Currency - Methods of Adapting to the Economic Crisis

Author

Listed:
  • Gheorghe Negoescu

    (Ovidius University of Constanta, Romania)

  • Andrei-Mirel Florea

    (Dunarea de Jos University of Galati, Romania)

  • Aurora Aurelia Diaconu

    (Dunarea de Jos University of Galati, Romania)

Abstract

Given that the global crisis is a cyclical phenomenon that directly affects the company's existence, this adaptation is a condition more than necessary to carry out an activity in a reliable way. Adaptation involves choosing innovative solutions that can withstand market in the current context, as the use of virtual currency Bitcoin as an alternative method in order to remove barriers, given that Bitcoin, a virtual currency created six years ago is not supported or controlled by any government or central bank and is freely traded, fluctuating depending on demand.

Suggested Citation

  • Gheorghe Negoescu & Andrei-Mirel Florea & Aurora Aurelia Diaconu, 2015. "BITCOIN Currency - Methods of Adapting to the Economic Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 511-514, May.
    • Handle: RePEc:ovi:oviste:v:xv:y:2015:i:2:p:511-514
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    More about this item

    Keywords

    Global crisis; innovative solutions Bitcoin; the virtual currency.;
    All these keywords.

    JEL classification:

    • F61 - International Economics - - Economic Impacts of Globalization - - - Microeconomic Impacts

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