Since cryptocurrency was introduced from 2009 to the people still it is in its infant stage the adoption of Bitcoin and blockchain technology by merchants and business will decrease the volatility of Bitcoin it will take more time . However the currency prices even though it is crypto or fiat currency will not be stabilized because this is activated by the demand and supply anyway Bitcoin is a decentralized currency that is not controlled by a third party.
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Bitcoin is the first crypto currency started in the year 2009 Because of its certain positive features its popularity has widen globally and its public usage has been considerably increased.It is a decentralized one with anonymity,its all transactions are recorded in an electronic ledger with block chain technology.So bitcoin has attracted the attention of the educated mass of the global community and it has spread its wings world wide.Bitcoins market capital has increased considerably and its daily traded volume also very high so bitcoin is the king in the market among other crypto currencies.
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Bitcoin is no way related to any government with any country .No government control over the bitcoin in any way since it is a decentralized one. Some government authorities are scared of bitcoin and they are trying to bring some sorts of regulations over it. Bitcoin is one of the greatest invention of the century which is totally changing the entire financial or economic concepts of the world ,so it will be doubtful to accept right from the very beginning. Now the technically advanced countries are mostly accepted the bitcoin along with their local currency and hence the bitcoins popularity and the usefulness to the public is increasing
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According to me Bitcoin will change the distribution of wealth in the world in a different way usually the concept of wealth distribution by the government is by taking money by force from people and giving to people. To my point Bitcoin is a blessing for surviving and give support for their family .If we are able to work with cryptocurrency it gives support to solve our financial problems so I trust Bitcoin can help and give positive support for life.
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Cryptocurrency rate changes mainly might be of the demand and supply in the market. When the fiat currency experiences devaluation the demand for Bitcoin will increase .There are several factors that affect the increase of price in Bitcoin the politics of a country also affects the price increase in Bitcoin . The legalization of cryptocurrency approved by the Japanese government have raised the demand for Bitcoin and the price rise for Bitcoin while more and more people are getting interest in Bitcoin this gives a positiveness towards Bitcoin.
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Some countries has legalized Bitcoin and some governments do not legalize Bitcoin, to my point of view that is because they do not understand fully what is Bitcoin they may be thinking that Bitcoin is used only for criminal activities and to buy drugs so they fear Bitcoin to be legalized .Important fact is that there is no identity of the users of Bitcoin and Bitcoin value fluctuates it is not stable and the government fear that banking system will collapse if it is legalized.
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Bitcoin is a digital cryptocurrency that we have been hearing from 2009 onwards but have not taken interest in investing in it because we have been unaware and not able to understand what Bitcoin is. Bitcoin is a peer to peer network program and a digital decentralized currency this virtual currency is gaining the interest of several investors because the potential return rate is much high than other assets like gold. The total number of Bitcoin that can be mined is limited to 21 million .
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Bitcoin is Bitcoin due to its decentralized nature if it is centralized what will it be the nature of Bitcoin . If bitcoin is centralized the value will also depreciate centralization means the identity of the person is revealed and there will be no privacy for Bitcoin users. Bitcoin is trusted only with the internet not trusted under any institutions. If Bitcoin is centralized it means it is worthless and and it will be a failure for Bitcoin for ever.
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Pilippines is one of the leading commercial and infrastructural developing countries now. In terms of cryptocurrency the government has not openly accepted Bitcoin and they have not officially said anything about Bitcoin. However the people are educated and they are also a part of crypto world they have an active trade in cryptocurrency. It may be big negative in the reputation of Bitcoin in Philippines since it is aired in televisions all Philippines Filipino have heard and they will be scared to invest.
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Bitcoin is the first crypto currency created in the year 2009 and followed by lots of alt coins are also introduced to the market with specific features.mean time the above alt coins movements are based on the bitcoins.. Bitcoin is become more popular and its popularity is being increased. Bitcoins usefulness has increased in various aspects such as a good for investment .day trading and the speedy transactions. Bitcoin can be used to meet for all ways of expenses to the day to day life of the human being. I believe that till to day no other currency can out date bitcoin.
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Since Bitcoin has reached its tenth year of existence there is a long run to go before the digital money to be widely used method to buy goods and services. One of the common challenges of Bitcoin facing is acceptance ,and the next one is volatility that is Bitcoin price is fluctuating and not stable and another is some countries are trying to ban Bitcoin ,and lack of privacy in public blockchain is the major challenge of Bitcoin .The biggest problem is the unawareness of the people about Bitcoin.
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People are now panic in buying Bitcoin they are not panic in selling Bitcoin.Traders are trying to get free airdrops this means traders are accepting Bitcoins once the price of Bitcoin decrease people begins to sell Bitcoin this is because people want only to earn money and not to loose so they don't try to take risk and starts selling. There is no chance in losing money in Bitcoin now people are aware of the market that the price will fall and rise so there is no need for panic Bitcoin will give profit.
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Bitcoin has grown from its original price to 20K USD on last december and the present price is 9K USD in such a bearish market. the present market is found stabilized the price and this will be a better buy.Bitcoin is getting popularized and its demand is increasing and for the investor concerned it is a good buy.The growing demand of bitcoin and its usage will hike the market price Bitcoins market capital and its daily traded volumes are very high comparing to the other alt coins..So it a good investment
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Bitcoin is too complicate to ordinary folks Bitcoin is not that much easy to conceive for ordinary people because majority of the people depends on social medias to get information's but social medias doesn't give positive ideas to the people concerning Bitcoin . I can say that Bitcoin is a broad technology and a wide market to explore to be frank to my opinion to overcome all the complexity we have to relax and acquire knowledge from studying and earning knowledge from experts.
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So we all wish let the green days to come for Bitcoins let this come true as soon as possible. According to the studies we can wait for the golden days come fruitful by the second quarter of this year we can wait and see. The green cryptocurrency will also provide a new way. It happens when electricity bills are cut through efficiency there are signs that 2018 will be the year for revolutionary in green finance begins.
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The primary idea of Bitcoin is a peer to peer transfer of currency and an electronic payment system developed through computers all over the world using free software. Bitcoin was introduced by an unknown person or company named Satoshi Nakamoto . The transaction is made with no interference of a third party and it can be used to book hotels and purchase goods and services online and the payment is been done with ease and cheap internationally since there is no tie up with any countries.
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Bitcoin is a digital money and an electronic currency too . If we try to analyse both Bitcoin and altcoin ,Bitcoin is strong in the market and it have full control in the market. When Bitcoin price falls down altcoin value also depriciates so according to my point of view Bitcoin will remain at the top and be the king of the crypto world . In future we can predict that there will be more altcoins and it may dominate after the blockchain technology is matured.
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Bitcoin is volatile in nature this help people to make profit in Bitcoin . I don't think Bitcoin stability is a good idea but it may be good to hear but what is the use if the price do not increase or decrease then how to get profit when the price decreases people tend to buy Bitcoin and when the price increases they will try to sell Bitcoin some gets panic when the price decreases if the price is stable how can it be profitable.
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Yes, to my view I trust that Bitcoin will raise me from my sufferings after my graduation I have been in search of a job to survive so I was struggling for Three four years since I lost all hope there came another blow that is recession all together made me no scope of life .At this time luckily I came to hear about Bitcoin and now I feel confident and started to work out So to me Bitcoin as new hope for humanity according to my studies.
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To my point of view to some extend Bitcoin can be better than gold Bitcoin is digital and never exists in physical but in gold it is not digital and it exists in real world.Hence gold is not depending in the internet we can trust that there will be no cyber theft but without internet there will be no Bitcoin we have to take some measures to protect Bitcoin from cyber theft. Now Bitcoin value is increasing with an unpredictable hike and the price of gold is somewhat stable. Even though gold is safe from cyber theft it can be stolen by robbers so in this case Bitcoin will be better.
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