Bitcoin has been in existence for a decade now, just like anything new especially with technology we as a people take time to adjust and by now after all these years and proving it's worth I must admit that Bitcoin isone of the new millennium best ever creation. As you by now understand and know, Bitcoin is a cryptocurrency that is free from control by any individual or government. Thus said, Bitcoin cannot be manipulated to advance the interest of one's wishes. It will require a great number and resources to try to manipulate the functions of Bitcoin and most of the cryptocurrencies in existence now.
However and unfortunately, some governments, individuals and organizations mostly threatened by their ability not to be able to control the functions of cryptocurrencies have decided to make it hard for cryptocurrencies to develop without challenges. For this reason it is almost like a war against cryptocurrencies especially Bitcoin as the pace-taker, the leader of these currencies. The negative news and restrictive policies have to a larger extend limited the growth of cryptocurrencies, it has reduced the normal acceptance rate from the public who are the users, and it is unfortunately giving those with evil mindsets the time and weapons to damage the integrity of cryptocurrencies by using such currencies for mostly criminal acts.
As explained above, Bitcoin has faced many negative challenges since inception but today it is still there much stronger. The challenges are also the reason why Bitcoin value and price can unpredictably increase or decrease over a short period of time. This is also because Bitcoin and other cryptocurrencies are still in development and their economy is still young and growing gradually. The other aspect now contributing to the price changes rapidly is because Bitcoin and other cryptocurrencies are now being traded in some financial markets just like the stock market. That also shows the growing economy of cryptocurrencies and soon as cryptocurrencies become widely in use everywhere the prices will also stabilise. As of now it will be of good advice to use cryptocurrencies as a mode of payment and other transactions and not keep your savings in the cryptocurrencies until when their economy has matured and also when they are more openly accepted in the financial markets.
When that is possible I cant say but am sure within a few years to come since many new people are beginning to use them. Other investors are in the process of creating and introducing many new exciting cryptocurrency platforms that will make these currencies widely accepted by governments and other organizations.
In this journey many new cryptocurrencies will be created for different reasons, some will manage to survive the test of time as Bitcoin so far and others will become history and gone for good. Today as we live, there are thousands and thousands of small and big companies that have once existed but later folded and closed shop for many different reasons, not only about the existence of businesses but also before, in existence we had certain currencies circulating in the world but today those currencies are no longer used.
That is the unpredictable nature of life, but at the same time we have in existence those who have managed to prove their worth and survived the test of times. Basically nothing is fail-proof and with the correct environment to fail anything can fail, yes so far Bitcoin has proven reliable for years since its inception and who knows maybe one day it will fail or just as some currencies still in existence today, Bitcoin will be with us thousands of years to come, who knows, none can predict what the future has in store for Bitcoin and many other cryptocurrencies we have now and those yet to come.
Just in 2016 the Bitcoin price was around 1 BTC = $300-600 against the US dollar, at that time bitcoin was recovering from other challenges mostly related to speculations. In 2016 I foresaw the BIG recovery of Bitcoin and encouraged people to get Bitcoin through earnings, mining including buying from traders and I am sure those who took my advice are pretty rich now.
Just in 2013 the Bitcoin price touched its highest level against the US$ at around $1200 but due to speculations the price dropped to around $300 in 2015. In 2016 the price began to rise again and reached over 1 BTC = US$15000 in December 2017. Between 2013 and 2016 the causes of the Bitcoin prices going down have been speculation, governments policies and the inclusion of Bitcoin as a trading currency in the financial markets. Today it's mid 2018 and the Bitcoin price is around $9000 and you know what?
I will not be surprised if the price drops to around US$3000 = 1 BTC then rebound to around US$25000 by end of 2018.
That is my prediction, Bitcoin can do a US$25000 = 1BTC come end of 2018 then for 2019 and beyond just make sure you follow me on Twitter and keep glued to the blog as we deliberate on many possibilities this exciting journey has in store for us as we move forward.
Beyond speculation, Bitcoin presents us with a payment system that has a lot of useful and competitive attributes benefiting thousands of users and businesses using Bitcoin today and if we all stick to the principles of why Bitcoin exist now, then we wont have problems and major suprises just like with any other currency in circulation today.
I hope this report has given you a good insight of Bitcoin and cryptocurrencies. Go ahead, mine, earn and buy cryptocurrencies, however if you buy Bitcoin and some cryptocurrencies as an investment or for savings,
just remember not to get too comfortable as you will need to keep a hawk eye on the price changes as the cryptocurrency world is still a little bit volatile but soon definitely everything will be stable.
Best of luck
M. Thomas
The Bitcoin 2018 Guide
However and unfortunately, some governments, individuals and organizations mostly threatened by their ability not to be able to control the functions of cryptocurrencies have decided to make it hard for cryptocurrencies to develop without challenges. For this reason it is almost like a war against cryptocurrencies especially Bitcoin as the pace-taker, the leader of these currencies. The negative news and restrictive policies have to a larger extend limited the growth of cryptocurrencies, it has reduced the normal acceptance rate from the public who are the users, and it is unfortunately giving those with evil mindsets the time and weapons to damage the integrity of cryptocurrencies by using such currencies for mostly criminal acts.
As explained above, Bitcoin has faced many negative challenges since inception but today it is still there much stronger. The challenges are also the reason why Bitcoin value and price can unpredictably increase or decrease over a short period of time. This is also because Bitcoin and other cryptocurrencies are still in development and their economy is still young and growing gradually. The other aspect now contributing to the price changes rapidly is because Bitcoin and other cryptocurrencies are now being traded in some financial markets just like the stock market. That also shows the growing economy of cryptocurrencies and soon as cryptocurrencies become widely in use everywhere the prices will also stabilise. As of now it will be of good advice to use cryptocurrencies as a mode of payment and other transactions and not keep your savings in the cryptocurrencies until when their economy has matured and also when they are more openly accepted in the financial markets.
When that is possible I cant say but am sure within a few years to come since many new people are beginning to use them. Other investors are in the process of creating and introducing many new exciting cryptocurrency platforms that will make these currencies widely accepted by governments and other organizations.
In this journey many new cryptocurrencies will be created for different reasons, some will manage to survive the test of time as Bitcoin so far and others will become history and gone for good. Today as we live, there are thousands and thousands of small and big companies that have once existed but later folded and closed shop for many different reasons, not only about the existence of businesses but also before, in existence we had certain currencies circulating in the world but today those currencies are no longer used.
That is the unpredictable nature of life, but at the same time we have in existence those who have managed to prove their worth and survived the test of times. Basically nothing is fail-proof and with the correct environment to fail anything can fail, yes so far Bitcoin has proven reliable for years since its inception and who knows maybe one day it will fail or just as some currencies still in existence today, Bitcoin will be with us thousands of years to come, who knows, none can predict what the future has in store for Bitcoin and many other cryptocurrencies we have now and those yet to come.
Learn more on Bitcoin Here
Just in 2016 the Bitcoin price was around 1 BTC = $300-600 against the US dollar, at that time bitcoin was recovering from other challenges mostly related to speculations. In 2016 I foresaw the BIG recovery of Bitcoin and encouraged people to get Bitcoin through earnings, mining including buying from traders and I am sure those who took my advice are pretty rich now.
Just in 2013 the Bitcoin price touched its highest level against the US$ at around $1200 but due to speculations the price dropped to around $300 in 2015. In 2016 the price began to rise again and reached over 1 BTC = US$15000 in December 2017. Between 2013 and 2016 the causes of the Bitcoin prices going down have been speculation, governments policies and the inclusion of Bitcoin as a trading currency in the financial markets. Today it's mid 2018 and the Bitcoin price is around $9000 and you know what?
I will not be surprised if the price drops to around US$3000 = 1 BTC then rebound to around US$25000 by end of 2018.
That is my prediction, Bitcoin can do a US$25000 = 1BTC come end of 2018 then for 2019 and beyond just make sure you follow me on Twitter and keep glued to the blog as we deliberate on many possibilities this exciting journey has in store for us as we move forward.
Beyond speculation, Bitcoin presents us with a payment system that has a lot of useful and competitive attributes benefiting thousands of users and businesses using Bitcoin today and if we all stick to the principles of why Bitcoin exist now, then we wont have problems and major suprises just like with any other currency in circulation today.
I hope this report has given you a good insight of Bitcoin and cryptocurrencies. Go ahead, mine, earn and buy cryptocurrencies, however if you buy Bitcoin and some cryptocurrencies as an investment or for savings,
just remember not to get too comfortable as you will need to keep a hawk eye on the price changes as the cryptocurrency world is still a little bit volatile but soon definitely everything will be stable.
Best of luck
M. Thomas
The Bitcoin 2018 Guide
Well!! bitcoin is the superstar of cryptocurrency industry because it is one of the most valued cryptocurrency. check out the:
ReplyDeleteWho Created Bitcoin
How does Bitcoin work
bitcoin guide
What is Bitcoin