Don't feel happy that bitcoin will reach to zero since Bitcoin has reached the level beyond expectations so to my belief the price may be fluctuating and never will it reach to a level zero. If it happens we can expect that all who are involved in bitcoin have lost their faith.Now is the time for day trading when the price comes down or is fluctuating so it could be profitable for us and time for investment and we can wait and see what will happen next.
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People are becoming aware of bitcoin technology when bitcoin became popular the demand naturally increases with the limitations.When the demand increases it will be more expensive for laymen.First of all we have to consider the electricity consuming cost and the value of bitcoin.More electricity is needed for bitcoin mining so if it is calculated together we can conclude whether bitcoin is expensive or not.To my concept I don't think that bitcoin is expensive since I am new in this digital technology.
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To my concept I don't believe that Bitcoin can make Banks disappear.Both Bank and Bitcoin are making profits in two different ways.Bitcoin is flexible and is controlled by demand play and the Bitcoin supply is constant.No other governing body controls Bitcoin since it is a digital decentralized currency.Banks get profit by leveraging loans from the account holders itself and is controlled by a governing body and is limited by flexibility.As long as profitable Banks sustains.So don't think that Bitcoin can make Banks disappear.
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Even though bitcoin is a digital decentralized currency and work with the help of internet we can firmly say that bitcoin is money and it is not a faith .How can we say that Bitcoin is not money since we can do online shopping,travel, dine and book tickets with bitcoin currency now more traders are involved in bitcoin and sell goods online.so bitcoin is having the same properties that physical money can be done.
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Bitcoin is the first and famous cryptocurrency that serves as a digital currency.It is free from government control ;even most of the people are unaware of this global currency it has becoming more popularity.Compared to other physical currency bitcoin is a decentralized digital currency that the transaction is done very fast and with low fees all over the world so bitcoin has become the most popular cryptocurrency.
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There is a radical transparency in sending money to aid the poor and it is fast to transact money all over the world without much cost or effort. Cryptocurrency has an impact in sending for charity.
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Today the world is facing unemployment rate severely, unemployment brings crime rate into a country since without a job it is difficult to survive.In this condition Bitcoin can give a relief for those who can work at home and make money for their need to support their family.So in other words we can say that bitcoin can eliminate unemployment.
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The best time to sell bitcoin is that when the price reaches to a profitable height.If in case we are in need of money this might be the time to sell bitcoins.The selling and buying of bitcoins are based on the individuals who have achieved the target.So according to me there is no best time to sell, it only depends.
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I think that 2018 will be very favourable for bitcoin trading, according to the previous price increases of bitcoin trading. Almost all fields there occurs some type of obstacles and challenges we should take up the challenges and obstacles with an healthy mind and be optimistic for the coming year.
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People says gold is better because it can be saved by hand and not online it is kept as an asset and it is valuable but there is a side effect in keeping gold in hand it can be stolen .I don't agree with people saying gold is better than bitcoin now a days the price of bitcoin is increasing beyond we can imagine and has reached in great hike.
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I think it is good if bitcoin community is rising if so more will be involved in bitcoin buying and selling thus we can expect a rise in cryptocurrency to an unimaginable hike and that will be favourable for those who are in need of money to meet their day to day life .
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Since bitcoin is a digital decentralized currency and it is irreversible it can be transferred globally with low cost and faster. We have to find vendors who can be trusted the only thing is that we have to keep our wallet safe in our hands.We can purchase anything with the help of bitcoin from whole over the world .These are some of the benefits of bitcoin.
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Bitcoin is volatile and is decentralized currency so there may have risk in investing, if it is lost it will be difficult to recover back .The real currency if stolen from bank it can be recovered .In order to avoid risk we should take certain precautions like keeping the password and private keys secure in our own wallets without losing it. Bitcoin is volatile and is decentralized coin so there may have risk in investing if it is lost it will be difficult to recover back .The real currency if stolen from bank it can be recovered .In order to avoid risk we should take certain precautions like keeping the password and private keys secure in our own wallets without losing it.
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Since bitcoin is a decentralized digital currency we have to take precautions not to lose likewise we keep our real money safely in Banks, so we have to be careful in choosing the wallet and to keep against theft so after creating a wallet we have to backup the wallet regularly use the latest version of bitcoin software.
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Bitcoin is a medium of exchange which can be operated world wide without an intermediary support.Since bitcoin is used to buy things from all over the world it can be said as money.We use money to buy and sell goods so Bitcoin also is money.
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I believe that bitcoin have a future due to the modern governing rules that are imposed on laymen and they are not getting any freedom to utilize their own earned money . Banks are imposing hidden charges and taxes that people are facing difficulties to use their own money.Until the internet is not stopped by any forces the bitcoin currency will continue and surely have a future that will be favourable.
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The value of Bitcoin is increasing now a days so now is the time for making profits those who already possess bitcoins. The price may vary according to the exchanges, since more people are getting interested in getting bitcoins there will arise a competition in this cryptoworld and the price will be increasing more rapidly.
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Since bitcoin is a decentralized digital currency no middleman takes control of it,banks will not start a war against bitcoin.Most of the people are not aware of this cryptocurrency only a few are able to understand how to make profit out of bitcoins so people can't trust in investing their hard earning all in bitcoin so there is no need for banks to be frustrated in bitcoin and start a war against bitcoin.
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Now cryptocurrency is becoming more popular and more people are getting involved and interested in bitcoins since bitcoin is familiar to people bitcoin can be used to travel and accomodations are provided by accepting bitcoin currencies.There are several sites that provides us to confirm before we reach the destination .So without using physical currency we can travel over the world with the aid of bitcoin without starving .
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I will not advice to quit your job for bitcoin it will be a risky game fully involving only on bitcoin, even though now, the price may be increasing day -by- day. Having a job means we can be confident in getting a salary monthly without any risk.If in other circumstances any downfall happens to bitcoin we have to wait to get money and full of stress and pain if we have a job it will be a good thing and no headache will affect us.
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