Have you been following the recent developments around Bitcoin?
If so, you may have picked up on some FUD (fear, uncertainty and doubt) around the world’s favorite coin!
Let’s recap the most recent developments in such a way that you’ll understand them:
In recent months, people are saying Bitcoin has a scaling problem. The Bitcoin network can only handle 5-8 transactions per second. How can it ever compete with credit card transactions, which are processed at thousands per second?
Bitcoin has, in the past, mostly been developed by the Core development team. Core has come up with a great solution for scaling, called SegWit. I [...]
With their high volatility, ability to grow fast and break new records every week, cryptocurrencies, especially mainstream ones like Bitcoin and Ethereum are quite different than government issued fiat monies. They are issued (mined) by computers, decentralized and have no third party involved between transactions other than “retail” traders.
Add all those benefits together and you get something whose value increases year after year, and week after week in a row.
Despite the tech billionaire Mark Cuban’s criticisms and mockings on Bitcoin and so much still on-going discussions whether it’s a bubble or not, Bitcoin has just hit the $3K new all high valuation [...]
The unstoppable rise of bitcoin, which is considered as the new currency of the digital age, continues. If you were one of those visionaries who invested $100 in Bitcoin seven years ago, you would now have 72 Million US dollars.
Bitcoin, considered as the currency of the new technology era, may be one of the best investments you have made up to now. If you bought a $ 100 bitcoin at 0.003 cents in 2010, now you are sitting on top of a fortune worth $72.9 million.
According to CNBC, the Bitcoin, invented in 2009, and almost touched the $3.000 barrier this week, breaking a brand new record.
If you have taken advantage of this enormous growth, excellent. But there [...]
The price of the digital currency, bitcoin is skyrocketing, breaking its own record nearly every month. It is already have doubled its investors’ money so far in 2017 and is expected to hit 3.000 dollar by the end of this year, $10.000 by the end of 2018 which would put the entire market cap at close to 180 billion US dollars. ¹
Convinced to get on board?
The days of buying one bitcoin for pennies are long gone. [...]