IS 2017 THE END OF BITCOIN ERA?

No, it’s sure that 2017 is not the end of BITCOIN era.

Such wild swings in price have to be expected from a new technology that is only traded on rather narrow markets. We all gives value to bitcoin and make it famous and popular, just because we trust in Bitcoin and system at the back of it. Basically Bitcoin is unified non reversible aggregate of blockchain and cryptography. Blockchain and cryptography both are superior quantum physics theories, that are implemented well for system of bitcoin. Blockchain have wonderful destiny with combination of cryptography. This can literally give answer for any commercial enterprise to make itself decentralized and open supply.

A 2015 survey showed bitcoin users tend to be overwhelmingly white and male, but of varying incomes. The people with the most bitcoins are more likely to be using it for illegal purposes, the survey suggested.
Each bitcoin has a complicated ID, known as a hexadecimal code, that is many times more difficult to steal than someone’s credit-card information. And since there is a finite number to be accounted for, there is less of a chance bitcoin or fractions of a bitcoin will go missing.
Crypto-coins just have too many benefits over fiat money, and increasingly more humans are becoming privy to that. Pretty much everybody is enthusiastic about cryptos as soon as he has really understood them. So we can anticipate Bitcoin and other coins elevating loads higher until practically anyone are the usage of some. At the moment less than 0.1% of the population own crypto-currency, so we are able to expect to look huge profits in the coming years.

The Future of Bitcoin:

Historically, the currency has been extremely volatile. But go by its recent boom – and a forecast by Snapchat’s first investor, Jeremy Liew, that it will hit $500,000 by 2030 – and nabbing even a fraction of a bitcoin starts to look a lot more enticing. Bitcoin users predict 94% of all bitcoins will have been released by 2024. As the total number creeps toward the 21 million mark, many suspect the profits miners once made creating new blocks will become so low they’ll become negligible. But with more bitcoins in circulation, people also expect transaction fees to rise, possibly making up the difference.

Leave a comment

Your email address will not be published. Required fields are marked *