Converting bitcoin to dollars are for its safety. Since bitcoin is connected with computer and internet there is a chance for losing it; may be someone can get the chance to steal .There are chances for losing our bitcoins, the way for this is clear that the thief need to know the private key he needs only his software keep running,but if it is converted to dollars there will be no chance of losing easily.So we keep converting bitcoin back to dollars.

        Bitcoin means a digital decentralized currency, the transactions are done without any third party influence so there is no risk of service tax or any hidden taxes levied. This currency can be send all over the globe without any middle man.No interruptions from any governing bodies, also and it is faster to reach its destination .

 Day by day people are getting aware of bitcoin mining so there is chances for more people to get involved in this field . The interest of this modern generational group of people to make more money for their pocket more than they earn and have the knowledge with computer usage ,will be in front of the computer. The usage of electricity and network will be slower these all may increase the difficulty in bitcoin mining.

                    Bitcoin is the first digital currency which can be accessible only with a high speed computer with internet. By using software, Bitcoin can be bought and sold as usual currency exchange.By purchasing Bitcoin it will be directly transferred to the created personal account and can be used to buy goods,services etc. online. Bitcoin currency helps to send and receive money globally fast and easy. So we can say that Bitcoin is the new era of currency.

           


              I am not surprised to see the Bitcoin price at present but it is a pleasure to see that the price is increasing. It is because of more and more people are attracted to Bitcoin market due to its positive features. Since a very few percentage of people are aware of Bitcoin from the world community out of which day by day the number of people are attracted to the volatile Bitcoin market.

              The bottleneck condition occurs for the Bitcoin whenever the crowding of transaction in the form of asset. In order to overcome such obstructions we need the high speed computer net work. According to the Bitcoin history reveals that the Bitcoins starting time the volume of acceptance was low and now it has considerably increased.

 According to my point of view we cannot precisely say that bitcoin will overcome paypal, if so happens it will take a long time. Paypal is supporting the cryptocurrency on its braintree payment platform. Braintree is a  start up brought by paypal that creates tools for software developers to easily integrate payments into apps and websites. Braintree is allowing developers on its platform effectively flip a switch and add Bitcoin to the payment methods they accept. Bitcoin as a protocol, where there is an alternative way to move money separate from the legacy payments infrastructure.

            The future of Bitcoin is said to be bright and shinning. Bitcoin itself as a protocol will evolve. The buying process of Bitcoins will have to be made much simpler than it is at present. In most countries bitcoin, onto the local currency would be regulated. Much of the developed world where payment system that enable instant personal payment are not available,would love to adopt Bitcoin. So we believe that Bitcoin is the future of money

Bitcoin is a payment system introduced as open-source software. The payments in the system are recorded in a public ledger using its own unit of account. Bitcoin as a form of payment for products and services,merchants have an incentive to accept the digital currency, concerning with other transaction the fees is too low.

              Bitcoin is the most transparent way to send funds directly to those in need. Bitcoin has been an incredible system of payment that is easy, affordable,and fast.The true beauty of bitcoin system and all of the cryptocurrencies built from it is its decentralization. Crypto currencies eventually be used for the buying and selling of everyday things.

             Bitcoin has reached a record high, more than double the price at the beginning of May and an incredible five hundred fold increase over the past five years. The Japanese government formally recognized the cryptocurrency in Asia's richest major economy.There is been steady growth of International money transfer services that use Bitcoin to move cash from one country to another.Bitcoin has been in news recently of ransomware open demand Bitcoin payment from victims, this also can be the upward demand of Bitcoin.

Bitcoin is a digital money with decentralized net work.Bitcoin accounts shows that it is mainly used as a speculative investment and not as an alternative currency and medium of exchange. A minority of users, both in number and bitcoin balances appear to use bitcoin as a medium of exchange this shows at present Bitcoins are held for investment.

To my opinion it is risky to turn all your money to bitcoins, since there is a possibility to lose.Bitcoin might be intangible,even paper money or securities can be presented to a central bank or company;digital currency is a decentralized and just a piece of code on the internet, so it has no country or company for you to ask to honor it. After buying bitcoins never leave them at the exchange if it is affordable move the bitcoins to a hardware wallet to store or a paper wallet.Buying bitcoin is a valuable asset now since there is only 21 million available and of that 80% of all bitcoins are mined, this scarcity could continue for the demand.

Cryptocurrency is a digital currency that uses cryptography for security, it is not issued by any central authority.In this modern world people are facing many medical issues, to overcome this difficulties, MIT graduate students researches are developing a cryptocurrency-backed technology. They are developing a system called Med Rec, for managing medical records that use the Ethereum blockchain.

To my concept ,some extend bitcoin can replace gold.Bitcoin is digital and never exists physically, but in case of gold it exists in the real world. since gold is not depending on the internet we can trust that no cyber theft will be done with gold even if it is safe from cyber theft it can be stolen  by robbers, but in bitcoin there is chances  for cyber theft, and without internet bitcoin would disappear. We can take some precautions from cyber attack now a days.In the real world it is not much practical to replace bitcoin with gold , but now bitcoin value is unpredictably shooting up and the value of gold is somewhat stable.Bitcoin function is outside of central banks and governments,but not in the case of gold.

Banking is extremely competitive and one bank does some thing the others have to follow not to lose customers. when you are holding bitcoin in your wallet and want to sell them it usually take days before you own money on your bank account.You need to get an exchange platform that accepts your digital currency,set up an account,transform your bitcoin and wait for the exchange to send a payment to your bank.The traditionalists cannot ignore the rise of bitcoin.More businesses are accepting it as a form of currency,so banks have a duty to their customers to accept.Digital bank WB21 is the first financial institution offering bitcoin acceptance and there fore provide an extreme shortcut to convert bitcoin in to cash.WB21 is a mobile app. To my knowledge Falcon private bank is the first bank worldwide to offer crypto assets directly to their clients.

       

      A Block is decentralized one and it maintains a digital ledger which
uses to record all transaction from in and out from different computers.
Blockchain have been described as a value exchange protocol.Blockchain based exchange of value can be completed quickly,safely and cheaply than traditional systems. A blockchain data base consists of two types of records transaction and blocks.Bitcoin replaces loyalty with mathematical
confidence. The people who own bitcoin can spent it confidently.
Blockchain is nothing mare than a shared date structure-a way to organize transaction in a particular way. The blockchain also a set of net- work protocols and application rules that can be solved on previously unsolved problem;management of a shared transaction ledger among
multiple computers.

        

     Bitcoin is one of the major Cryptocurrency and its performance in the market are fairly good. People are investing in it and making good profit
and its demand in the market is day by day increasing then why should it will be replace by another cryptocurrency.Mostly due to the high price of the bitcoin there is possibility to bring up the any of the low priced coins.
Mean time I hope bitcoin will be retaining with its full strength in the market.

Once you have got bitcoin we can benefit by holding.  we have to make sure that our wallet is secure.Bitcoin go up in value due to the scarcity.Bitcoin is often referred to digital gold,there is a large tendency for all human to get something that is in short of supply and bitcoin is the first global currency that is not controlled by bank or government.Altcoin is most likely to lose value over the long run,Altcoin tend to be better market to trade than to invest.if we hold altcoin for a long term it may or may not lose, because of this uncertainty I prefer not to keep holding altcoin.

      Bitcoin is a major cryptocurrency with various features such as a decentralized one means no controlling authority and one can transact  money peer to peer any where in the world.The market is highly volatile
and hence it is beneficial to the traders. It is anonymous and its ledger is
maintained through the block chain technology These are the impressive factors to attract me more.Also it provides a decent monetary benefit to one who involved in it.