Bitcoin looks like it’s heading towards a bubble. If it happens, lot of people will hit hardest while governments move to regulate the cryptocurrency.We are big fan of cryptocurrency (cashless transactions) but not bitcoin,Ethereum and Litecoin etc.The cryptocurrency should be regulated by government then it will work.The rule is play with what you can afford to loose.
We read lot of comments about bitcoin and some people say invest and some people say bitcoin is a bubble.
Bitcoin was introduced on 3rd January 2009; 8 years ago and founder is Satoshi Nakamoto.
Satoshi Nakamoto is the name used by the unknown person or people who designed bitcoin and created its original reference implementation. As part of the implementation, they also devised the first blockchain database. In the process they were the first to solve the double-spending problem for digital currency.
In October 2008, Nakamoto published a paper on the cryptography mailing list at metzdowd.com describing the bitcoin digital currency. It was titled “Bitcoin: A Peer-to-Peer Electronic Cash System”. In January 2009, Nakamoto released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins. Satoshi Nakamoto released the Version 0.1 of bitcoin software on Sourceforge on 9 January 2009. (source from https://en.wikipedia.org/wiki/Satoshi_Nakamoto).
The Australian computer scientist Craig Wright’s claim to be the bitcoin creator, Satoshi Nakamoto, has been called but there is no evidence to prove he is the founder of bicoin.
Bitcoin as Payment
Most of the companies are accepting the bitcoin as a payment but if the bitcoin price move up and down drastically then it will be very hard to use the bitcoin as payment.
We have seen lot of ponzi schemes have failed because it is a networking market.The people who invested early will gain and who joined late will suffer.So better to away from these cryptocurrency that are not regulated by government.
Bitcoin raise was due to most of the people busy buying the bitcoins and most of the people did not sell their bitcoins.So bitcoin was in raise.
Bitcoin is going down or going to bubble because most of the people selling the bitcoins and people are feared to buy the bitcoins or any other coins.
Mining marketplace NiceHash suspends operations while it co-operates with authorities over ‘professional attack’, urging users to change passwords.
After the people heard about bitcoin hacking and Coinbase announced like Coinbase now lets you buy and sell Bitcoin Cash and some people converted bitcoins to bitcoin cash and they told to the world and people got panic.Also some twitter followers followed the twits of bitcoin billionaires and they sold the bit coins 2 days back.
Current price of bitcoin and other coins you can find on youtube(https://www.youtube.com/watch?v=uLW7XC6ezZU) and even you can listen to people what they think about the bitcoin and other coins.
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