As the price of Bitcoin skyrockets from $750 at the beginning of 2017 to more than $16.000, it seems like Bitcoin is attracting everyone’s attention. While you’re reading this, you may have already invested in Bitcoin and currently, a ‘hodler’. Or, you may be waiting for a possible drop in the near future. In fact, you might have had second thoughts on not investing when you hear phrases like Bitcoin bubble burst, Bitcoin price drop etc.
Why invest in Bitcoin?
We are at the forefront of another “dot-com” boom. The entire cryptocurrency market is breaking all-time highs across the board. Bitcoin is now one of the 30 or so largest currencies in the world, and all across the world, people are looking to invest in bitcoin.
According to the 2017 study done by the Cambridge Centre for Alternative Finance, the Global cryptocurrency benchmark study, the current number of unique active users of cryptocurrency wallets is estimated to be between 2.9 million and 5.8 million and between 5.8 million and 11.5 million wallets are estimated to be currently ‘active’.
Are we in a bubble? Definitely.
But that statement doesn’t say anything, does it? For example, at what stage of the bubble are we at the moment? Well, let’s look at the numbers.
Bitcoin (BTC) seems to be unstoppable.
The world’s first cryptocurrency by market cap is trading above $15.000, with a 54% growth rate in the past 7 days.
How long will the bullish trend last and what can possibly go wrong?
As Mariah Carey comes out from wherever she’s hiding for the rest of the year to take over every radio station for a whole month, it’s time for you to start preparing for the holidays!
We are only weeks away from Christmas, and whether you’re celebrating the birth of Jesus Christ or just there for the annual family roast (not the food kind), one thing is for sure; Christmas is the time for family and friends to come together and spend some quality time over food, drinks and gifts!
It truly is a magical season, especially for crypto enthusiasts, since the holidays can be the perfect occasion for them to share their passion and introduce a big part of their lives to their loved ones. If you are one such enthusiast, here’s how to kill two birds with one stone…
Getting started with Bitcoin shouldn’t be difficult and to help out, we’ve created a detailed introduction to bitcoin for beginners that will make things easier. Everything you need to know about bitcoin and cryptocurrency is found below. What is bitcoin and how does it work, what are blockchains, Bitcoin miners (and how does Bitcoin mining work), and how do cryptocurrencies work? These are just some of the questions we’ll try to answer.
Throughout history, people have used a variety of methods to exchange value between each other. At the beginning, people transacted with commodities with an intrinsic value such as livestock, seeds, gold, and silver. Less valuable commodities were also used, such as cowry shells or beads.
These methods of transactions were gradually replaced by coins and paper money. Later on, commodity-backed money appeared, which consisted of items representing the underlying commodity (for instance: gold certificates).
For the longest time, currencies were privately issued; governments did not claim a formal monopoly over the issue and use of money within their territories- and people were free to transact in the way the deemed proper.