“What is Bitcoin & Why World is Going Crazy on Bitcoin”
Talk of the town these days is Bitcoins. Everyone is just taking about Bitcoin, rising in its prices, its sky high record breaking prices & how people are getting millionaires with it but What is Bitcoin and Why world is going crazy on Bitcoin?
What is Bitcoin?
So what is Bitcoin? No, its neither gold bar nor iron bars, not even a disk of certain beads but it’s a Virtual Currency. Yes, it’s not available as hard cash like dollars or any other currency. Bitcoins was created by an unknown source back in the year 2009. It was created by making use of the infamous alias Satoshi Nakamoto. The key here is the fact that all transactions made in Bitcoins are done without any type of middle agency; in simple terms there ain’t any banks.
Bitcoins are stored in digital wallet & termed as digital cryptocurrency and yes it can be used to do shopping for furniture on the portal Overstock or to book hotel rooms on site Expedia or even purchase Xbox games. But the on trend hype of getting millionaires with Bitcoin is by Trading it which broke records in 2017. So now you have got an idea on What is Bitcoin?
Why World is Going Crazy on Bitcoin?
The most common question in the mind of almost everyone around the world is Why World is Going Crazy on Bitcoin? Here’s answer in most simple way:
As I have already explained, Bitcoins came into existence back in the year 2009, & by the year 2013, one Bitcoin was worth nothing more than $12 (around 700-750/- INR) & today, while I am writing this blog, the current worth of a single Bitcoin is $17000+, yes that’s a whoopish high right? Now imagine people who are having 10, 50 or even 100 or even thousands of Bitcoins that once was mere worth of $12 and now $17k+ & such people via trading turned millionaires and some even billionaires. HOME REMEDIES TO MAKE YOUR SKIN 1-2 TONE FAIRER
That’s precisely the reason Why World is Going Crazy on Bitcoin because we live in a world where everyone wants to turn millionaire overnight no matter which way and Bitcoin prices have seen a hike of almost $9k in Nov-Dec 2017 only. In Nov 2017 it was worth around $7k+ while today it is almost $17k+. No wonder it is talk of entire world at present.
To me, this entire concept of Bitcoins sounds more like an illusion taking the world with a storm & can’t understand Why World is Going Crazy on Bitcoin. No one till date know how much hike will Bitcoins see in coming future & what will the future of Bitcoins. Most importantly, I really think governments need to regulate this trading before it went to really dark side of the trading & business.
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