Is Bitcoin Dead or Will Rise?
One of the burning questions on the online platform at the current time is that “is Bitcoin dead or will rise?”
Bitcoin might be already died. How does this sound to you? For any investor online opportunity of decade Bitcoin might be dead, if he fails to invest in Bitcoin at the right moment.
If you think that Bitcoin is already dead, then there also arises another question is there any possibility of Bitcoin being dead?
In order to know the answer of this question, we have to take a look at the history or trend of cryptocurrencies. At the same time, we also have to take a look at how Bitcoin has been changed over the past few years, the statements given by the experts who have got in-depth knowledge in this field and also if there is any other better alternative to the cryptocurrencies.
Bitcoin has its own functions
In this case, first of all, you have to understand what Bitcoin is. Bitcoin was actually invented and started its function in the year of 2009. It was invented for the purpose of a online payment-system which actually does not need any sort of trusted middleman, such as, a payment gateway or a bank, in order to verify and direct the control of the transaction.
As there is no existence of any middleman, so in this case, it is system which has the ability to control double-spending in order to ensure no member can spend the same money twice or more than once.
What is called Bitcoin mining?
Users and members from all over the world are provided access for connecting their personal computers to a specific network and then those members or users are rewarded with Bitcoin on the basis of the amount they give as donation to that particular network. This is basically called Bitcoin Mining.
The ups and downs of Bitcoin
In this case, it is very important for you to have knowledge about the ups and downs of Bitcoins in the recent years. Ever since from the year of 2009, when the Bitcoin first came into the market, it did have its ups and downs. For example, in the year of 2011, Bitcoin rate dropped to USD 2.00 and then again reaching around USD 31 which happened a few months ago. Additionally, in the year of 2013, the time when Bitcoin rate reached almost USD 1000 which was quite surprising to all of the members of this entire cryptocurrency network.
The right time to make the investment
The discussion you have already read above has definitely given a clear idea about the trend or history of Bitcoin, Bitcoin mining along with the ups and downs of Bitcoins. From our research, we would like to suggest that you have to choose the right time in order to make the investment in cryptocurrency. You have to remember the fact that if you fail to invest at the right moment, then you may have to face a big loss and vice versa.