Bitcoin is the only crypto you should think of buying. Bitcoin is the only successful cryptocurrency currently ruling the market. There are many currencies in the market, among them very few are successful and worth of investment. Ethereum, Dash, Litecoin, Ripple, Zcash are some of the popular altcoins. All these currencies works more or less like bitcoin. Litecoin is created by former google employee Charles Lee. Litecoin transactions are much faster than bitcoin. Currently Litcoin price is around $248.

Bitcoin is still unknown to many. Its continuously rising price has created a news in all media`s all over the world. Most of the people started knowing bitcoins only because of its unexpectedly raised price. Bitcoin is a currency, but its use as a currency is far limited. Investors are using it as a tool of investment, its the volatile price of bitcoin that is attracting many investors towards it. If bit had a stable price it would never be so popular.

2017 was a year of many ups and downs for bitcoin currency, even though bitcoin is showing consistent performance since last one year. Due to year end celebration mood and profit booking by bitcoin investor’s bitcoin price is rolling down and settling near $14000. But this is a temporary correction. Bitcoin price likely to shoot up in the month of January. Billionaires and big financial institutions are likely to invest in bitcoin currency. Bitcoin has given a lot to its investors; it will continue its policy in the coming years.

Continuously raising bitcoin price crossed $19600 mark by the middle of this month, but this not the end, this just the beginning. Bitcoin have potentials to cross the price targets set by the crypto experts, it’s a digital gold. As per the predictions of crypto experts bitcoin have bright future. Some investors invest for a longer period i.e. from 5 years to 10 years, they never become panic by such sudden rise they hold their investments. Bitcoin investors have trust and confidence in bitcoin currency so they are still holding their bitcoins.

Bitcoin has given far more returns to its investors. December is an end of year, followed by xmas and new year. It’s a holiday season all over the world. Lot of money invested in various markets all over the world get en cashed on the occasion of xmas and new year celebrations. This affects markets and economies all over the world. One month ago bitcoin was near $9600, till mid December it has reached $19600 mark, as new year and xmas coming near bitcoin price starts declining and now it has settled near $15600. This is nothing but purely profit booing by the investors.

It’s a good idea of donating such valuable asset. But I don’t this it’s a practical one. Though there are many organisations ready to accept bitcoin as donation money. In my country we have bitcoin exchanges but bitcoin as a currency is not accepted by anyone. So such donations are of no use, instead I will en cash that bitcoin and then use that money for some good cause. Merely by giving money no one comes out of poverty, instead we will create job opportunities for such peoples.

Satoshi Nakamoto purpose of introducing bitcoin is to eliminate the middlemen of any trade. To free people from banks who are manipulating and detecting them from time to time. Bitcoin is a currency, but its operations needs some infrastructure like internet, mobile wallet etc. This setup is not possible in all countries even not in all parts of the country. This has restricted bicoin as a currency. Due to limited supply and growing demand bitcoin`s price is increasing rapidly, as a result more and more investors are getting attracted towards it and making it popular mode of investment.

Bitcoin will not change everything, but definitely change people`s approach towards their investments. Bitcoin can make banks think seriously about their mode of operation and their view towards its investors. Bitcoin has already started this process. Many investors are now getting attracted towards bitcoin due to its unique features. Many billionaires or big financial institutions are investing in bitcoin currency by leaving behind their traditional methods of investments. Many merchants are accepting bitcoins in their business activities.

Bitcoin price is increasing continuously, so as the bitcoin community. Increasing price of bitcoin is attracting more and more investors. There are many cryptocurrencies available in the market; among the bitcoin is the best option. Their trust and confidence is pushing bitcoin to new height. By price as well by popularity. Not only common investors, news is there that billionaires are also invested in bitcoin, because of which bitcoin has crossed $19000 mark. Many financial institutions are also planning to invest in bitcoin.

Bitcoin price is rising from last one year. It is now around $15000. Those who have purchased it cheap are the happiest persons. Bitcoin have given a lot to its investors. Rising price of bitcoin is raising tension of its investors. Due to higher price hackers have become active, for them bitcoin hacking is the best way of getting bitcoins. Bitcoin investors are worried about their investments being gotten stolen. Second biggest fear is busting of bitcoin price bubble. Many experts are calling bitcoin as a scam or a bubble, bitcoin price is over inflated by speculators.

Anything that is easily used as a medium of exchange in settling a trade is called money.  Earlier demanded commodities like salt, rice wheat, weapons, livestock was used as money, it was called barter exchange. After that metallic money like gold, silver, copper come into existence. They were quiet popular. Soon this money was found inconvenient as well as dangerous to carry, so replaced by paper currency. Every country prints its own fiat currency as per their policy; generally these currencies are printed and controlled by the central bank of that country. After economic revolution paper money is accompanies by credit money, plastic money etc. The latest form of Digital money (bitcoin) gets introduced in the year 2009. Purpose of all forms of money is to make the trade simple and easy.

Currently bitcoin is the king. No currency or altcoins are near bitcoin price. People have trust and confidence in bitcoin as an asset. Currently bitcoin`s price is around $14000 where as bitcoin cash is around $2575. It quiet hard for bch to overcome the price difference in near future. But by any if anythings happens with bitcoin then BCH have chance to attract investors of bitcoin towards it. If this happens BCH will reach a respectable price and popularity.

Botcoin`s journey from $19800 to $14403 is not unexpected. Every healthy currency corrects itself after a big upward rally. From last one year bitcoin was going up regularly. Bitcoin investors were pouring their money, now time has come to take away the profit. When this get over bitcoin price will start rising. At the end of the all the markets all over the world faces same situation. So there is nothing to worry. By the end of January bitcoin price will start increasing.

Answer to this question differs from person to person. Everyone have his own set of mind about investments, when to enter and when to exit. Some people are buying bitcoins for long term prospective. They are keeping it for more than 10 years. Some are booking profit by en cashing bitcoins. I think now bitcoin is in its downtrend. So it is better to en cash it, and enjoy the profit. And start buying when this downtrend will be over.

You cannot call bitcoin as a bubble until it bursts. Bitcoin is constantly growing since its birth.  It a currency as well as a good asset. There were many bubbles in the history like Tech bubble, South sea bubble, Mississippi bubble, I.T.bubble or even real estate bubble. In all these cases prices traveled only in one direction firstly upwards and the downwards. Bitcoin currency is not like that, it is a volatile currency, it is moving in both directions. After every considerable rise there is a downfall/profit booking. Bitcoin have all the qualities of a good currency.

All countries of the world have their own currencies. These currencies are controlled by the central bank of that country. These currencies are the backbone of these countries. By no way central bank of any country will allow decentralized currency like bitcoin to be the central currency. No central bank will accept bitcoin currency. Bitcoin is a good asset and a good instrument of investment, but it is not a popular currency, in my country no one is accepting bitcoin for settling a transaction. They why our central bank will buy it?

Yesterday income tax department of India issued notices to 4 lack+ investors from various bitcoin mobile wallet users. Reserve bank of india warned Indian citizens not to invest or trade in bitcoin currency. According to them it is risky to invest or trade in any cryptocurrency. I such circumstances no bank would dear to accept bitcoins. If they did strict action will be taken against by Reserve Bank Of India.

“A crypto-currency exchange in South Korea is shutting down after it was hacked for the second time in less than eight months. Youbit, which lets people buy and sell bitcoins and other virtual currencies, has filed for bankruptcy after losing 17% of its assets in the cyber-attack” ….BBC World. Bitcoins continuous rising price is attracting more and more hackers towards it. Hacking has become the most easy way to have bitcoins. It is always advisable to certified bitcoin wallet. Update antivirus and firmware of your mobile and desktop. Never click on unknown links or email. Always keep on cookies and spam ware protection. Never save your private key on your desktop, laptop or on your mobile. All these things will help you to protect your valuable bitcoin currency.

Many countries have accepted bitcoin as a legal currency. They have allowed its functioning as a currency as well as an asset. Japan has opened ATM centres for supporting bitcoin currency. But no country have accepted bitcoin as a national currency. Nation currency is a centralised in nature, every country prints its own currency, and is liable for it. These currencies are supported and controlled by the government or by the central bank of that country. National currency is widely and easily accepted all over the country. Bitcoin has many limitations. It is not possible for developed countries to provide network required for operation of bitcoin. Bitcoin is a decentralised currency so government cannot control it.Due to these reasons bitcoin cannot be a national currency.

Can any government ban bitcoin? Already did. Bitcoin is a decentralised digital currency, government cannot stops its working or operations all over the world but they can prohibit their citizens from trading or investing in bitcoins. Indonesian government last month completely ban bitcoin currency in their country by having reason that bitcoin is affecting their fiat currency. Not only bitcoin China can bitcoin everything Facebook, Youtube, Twitter everything. Countries like USA, UK, India have decided not to regulate bitcoins.