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What is Bitcoin?
The world of cryptocurrency is growing day by day, but there is no denying that one coin is ruling above all others right now and that is Bitcoin. This particular digital currency has been around since 2009, and since then, it has seen a huge amount of growth that is extremely encouraging for the entire cryptocurrency supporting community. The true rise of the coin began back in 2013 as the value skyrocketed.
Bitcoins went from being worth cents, to being worth thousands of dollars and it seems like those who are deciding to invest in them are the ones that will see the largest benefits in the long run. Those who own coins they got back in the early days are already reaping the huge benefits of their decision.
The coin was created by someone named Satoshi Nakamoto, but it is believed that this is a fake name that represents a group of people instead of an actual person. The coin continues to be at the very top of the charts.
How are they made?
The process of creating any kind of cryptocurrency comes from a process called “mining”. This is done by using very expensive hardware that is setup specifically for the process of creating the coins. The process itself is more time consuming and power consuming, but also complex. Mining is not the thing that the average person looking to obtain Bitcoins will consider doing.
How is the coin evolving?
We are just about to get started with 2018, but it has been a couple of years since the world started to see a complete Bitcoin take over. There are over 100k business ventures all over the world that are now accepting Bitcoin. There are even ATM machines for Bitcoin for those who want to gain immediate access to them.
There is a lot of talk surrounding Bitcoin right now because the value of a single coin has double within months and we are talking about up to 16,000 for a single coin. This is something that some investors are seeing as a huge opportunity, while others seem to be exercising a more careful approach, but the truth is that cryptocurrency is extremely popular now thanks to Bitcoin alone. No other currency is experiencing the same level of success.
What is the future for Bitcoin?
The future of any kind of cryptocurrency is one that holds a lot of uncertainty, but that is always the case with anything that is both new and unexplored. Some experts are quick to warn people not to get too involved in the cryptocurrency rush, but others believe that this is the right time to invest and that currencies like Bitcoin will end up replacing all regulated coins at some point in the not too distant future.
The point is that it might not be a bad idea to get involved and see where things go in the coming years. You don’t want to be one of those people who end up regretting that you passed on this opportunity.