Startups: Millions and Cryptocurrency

Bitcoin has led the world of cryptography for so long and so dominantly that the terms crypto and bitcoin are often used interchangeably. However, the truth is that digital currency is not only made up of Bitcoins. There are many other cryptocurrencies that are part of the crypto world. The purpose of this post is to educate our readers about cryptocurrencies other than Bitcoin to give them a wide range of options to choose from – if they intend to make a crypto investment.

So let’s start with the first name on our list, that is:

Litecoin:

Launched in 2011, Litecoin is often referred to as “the silver to Bitcoin’s gold.” Charlie Lee is an MIT graduate and former Google engineer who is the founder of Litecoin.

Like Bitcoin, Litecoin is an open-source, decentralized payment network that functions without a central authority.

Litecoin is similar to Bitcoin in many ways and often makes people think “Why not use Bitcoin? Both are similar!”. Here’s the catch: Litecoin block generation is much faster than Bitcoin! and this is the main reason why merchants around the world are becoming more open to accepting Litecoin.

Ethereum:

Another decentralized open source software platform. The currency was launched in 2015 and allows you to create and run smart contracts and distributed applications without downtime.

Applications on the Ethereum platform require a specific cryptographic token – Ether. According to Ethereum’s core developers, the token can be used for commerce, security, and decentralization of just about anything.

Ethereum survived an attack in 2016 that split the currency into two: Ethereum and Ethereum Classic.

In the race of leading cryptocurrencies, Ethereum is second in popularity and right after Bitcoin.

Zcash:

Zcash appeared in late 2016. The currency defines itself as “if Bitcoin is like http to money, Zcash is https.”

Zcash promises to provide transparency, security and privacy of transactions. The currency also offers a “shielded” transaction option so that users can transmit data in the form of an encrypted code.

Dash:

Dash is originally a secret version of Bitcoin. It is also known as “Darkcoin” due to its secretive nature.

Dash is popular for offering enhanced anonymity, allowing users to make transactions untraceable.

The currency first appeared on the canvas of the digital market in 2014. Since then, she has gained a huge following in a very short span of time.

pulsation:

With a market cap of over $1 billion, Ripple is the last name on our list. The currency was launched in 2012 and offers instant, secure and low-cost payments.

Ripple’s consensus ledger requires no mining, a feature that sets it apart from Bitcoin and other mainstream cryptocurrencies.

No mining reduces computing power, which ultimately minimizes latency and makes transactions faster.

Walk around:

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Bitcoin is known as the very first decentralized digital currency, basically coins that can be sent over the internet. 2009 was the year Bitcoin was born. The creator’s name is unknown, but this person was given the pseudonym Satoshi Nakamoto.

Advantages of Bitcoin.

Bitcoin transactions are made directly from person to person over the Internet. There is no need for a bank or clearing house to act as an intermediary. Thanks to this, the commission for transactions is much lower, they can be used in all countries of the world. Bitcoin accounts cannot be frozen, there are no prerequisites for opening them, the same with limits. Every day more and more merchants are starting to accept them. You can buy anything you want from them.

How Bitcoin Works.

You can exchange dollars, euros and other currencies for bitcoins. You can buy and sell as any other country’s currency. To keep your bitcoins, you have to store them in so-called wallets. These wallets reside on your computer, mobile device, or on third-party websites. Sending bitcoins is very easy. It’s as easy as sending an email. Bitcoins can be used to buy almost anything.

Why Bitcoin?

Bitcoin can be used anonymously to buy all kinds of goods. International payments are extremely easy and very cheap. The reason for this is that Bitcoins are not actually tied to any country. They are not subject to any regulation. Small businesses love them because they don’t charge credit card fees. There are people who buy bitcoins only for investment purposes, expecting them to increase in value.

Ways to buy bitcoins.

1) Buying on an exchange: People are allowed to buy and sell bitcoins on sites called bitcoin exchanges. They do this using their country’s currency or any other currency they have or like.

2) Transfers: People can simply send bitcoins to each other using their mobile phones, computers or online platforms. It’s the same as sending cash digitally.

3) Mining: The network is protected by individuals called Miners. They are regularly rewarded for all new verified transactions. These transactions are fully verified and then recorded in a so-called public transparent ledger. These people compete to mine these bitcoins by using computer hardware to solve complex mathematical problems. Miners invest a lot of money in equipment. Nowadays there is something called cloud mining. Using cloud mining, miners simply invest money in third-party sites, these sites provide all the necessary infrastructure, reducing equipment costs and energy consumption.

Safekeeping and custody of bitcoins.

These bitcoins are stored in so-called digital wallets. These wallets exist in the cloud or on people’s computers. A wallet is something like a virtual bank account. These wallets allow people to send and receive bitcoins, pay for things, or simply store bitcoins. Unlike bank accounts, these Bitcoin wallets are never FDIC insured.

Types of wallets.

1) Cloud Wallet: The advantage of a cloud wallet is that people don’t need to install any software on their computers and wait for long synchronization processes. The downside is that the cloud can be hacked and people can lose their bitcoins. However, these sites are very safe.

2) Desktop Wallet: The advantage of a desktop wallet is that people keep their bitcoins safe from the rest of the internet. The downside is that people can delete them when they format their computer or because of viruses.

Bitcoin anonymity.

There is no need to provide a person’s real name when making a Bitcoin transaction. Each Bitcoin transaction is recorded in a public ledger. This log contains only wallet IDs, not people’s names. so basically every transaction is private. People can buy and sell things without tracking.

Bitcoin innovation.

Bitcoin has created a whole new way of innovation. All bitcoin software is open source, meaning anyone can view it. Today, Bitcoin is changing global finance just as the Internet has changed everything about publishing. The concept is brilliant. When everyone has access to the entire global bitcoin market, new ideas emerge. Lower transaction fees are a fact of Bitcoin. Accepting Bitcoin costs anything, and it’s also very easy to set up. Refunds do not exist. The Bitcoin community will create spin-offs of all kinds.

Over the past few years, people have been talking a lot about cryptocurrency. At first, this business looked scary, but people began to trust it. You may have heard of Ether and Bitcoin. They are both cryptocurrencies and use Blockchain technology for maximum security. Currently, these currencies are available in several types. Let’s learn more about it.

How can cryptocurrency help you?

In terms of fraud, this type of currency cannot be counterfeited as it is in digital form and cannot be canceled or forged unlike credit cards.

Immediate occupancy

The purchase of real estate involves the participation of third parties, such as lawyers and notaries. Therefore, delays and additional costs may occur. Bitcoin contracts, on the other hand, are designed and enforced to include or exclude third parties. Transactions are fast and settlement can be done instantly.

Lower fees

Generally, there is no transaction fee if you want to exchange bitcoins or any other currency. There are minors who are paid by the network to confirm the transaction. Although there are no transaction fees, most buyers and sellers use third-party services such as Coinbase to create and maintain their wallets. In case you don’t know, these services work just like Paypal, which offers a web-based exchange system.

Detection of theft

Your seller gets a full line of credit when you provide them with your credit card. This is true even if the transaction amount is very small. What actually happens is that credit cards work on a “draw” system where the online store takes the required amount from the account linked to the card. On the other hand, digital currencies have a “push” mechanism where the account holder sends only the required amount without additional information. So, there is no chance of theft.

Open access

According to statistics, about 2.2 billion people use the Internet, but not all of them have access to the usual exchange. So they can use a new payment method.

Decentralization

In terms of decentralization, an international computer network called Blockchain technology manages the Bitcoin database. In other words, Bitcoin is managed by the network, and there is no central authority. In other words, the network works on a peer-to-peer basis.

Recognition

Since cryptocurrency is not based on exchange rates, transaction fees or interest rates, you can use it internationally without any problems. This way, you can save a lot of time and money. In other words, Bitcoin and other similar currencies are recognized worldwide. You can count on them.

So, if you’ve been looking for a way to invest your extra cash, you might want to consider investing in Bitcoin. You can become a miner or an investor. However, make sure you know what you are doing. Safety is not an issue, but it is important to keep other things in mind. I hope you find this article useful.

In 2017, Bitcoin went up a lot and people made a lot of money in the process. Even today, Bitcoin is one of the most profitable markets. If you are just a beginner, you may want to do your homework before investing in Bitcoin. Below are 5 expert tips to help you avoid some common mistakes when trading Bitcoin.

1. Learn the basics first

First of all, you can learn the basics so that you can better understand how to buy and sell bitcoins. Also, you can read reviews of popular bitcoin exchanges to find the best platform.

As with other types of financial investments, you can find ways to protect your investment. Make sure your assets are protected from fraud and cyber attacks. After all, security is the most important aspect of any type of investment.

2. Consider the market capitalization

Making such a decision based on the price of the coin alone is not a good idea. However, the value of a cryptocurrency is only valid if you consider the existing supply in circulation.

If you want to buy bitcoins, don’t focus too much on the current value of the currency. Instead, you can take aggregate market capitalization into account.

3. Invest in Bitcion instead of mining bitcoins

The Bitcoin mining industry is rapidly growing in popularity. At first, it wasn’t that difficult to earn bitcoins by solving cryptographic puzzles. Later, bitcoins could be mined only in special data centers.

These centers are full of machines designed to mine bitcoins. Today, if you want to build a home mining center, you may have to spend millions. So it is better to invest in bitcoins.

4. Diversify your investments

New Bitcoin investors tend to have a short-term fascination with the cryptocurrency. Essentially, with Bitcoin you can diversify your investment risks. If you invest smartly in cryptocurrency, you can reap the same rewards as investing in Forex. All you need to do is put together a solid risk management strategy.

In other words, you may not want to put all your eggs in one basket. So you can also invest in other cryptocurrencies.

5. Set clear goals

Since Bitcoin is a new market, it can be difficult for you to determine the right time to trade your Bitcoins. The price of Bitcoin is volatile, which means you need to have clear goals in terms of profit and loss.

You may not want to make the mistake of making investment decisions based on your emotions. Smart moves can help you minimize your losses and make good progress.

In short, if you are going to invest in bitcoins, we suggest you follow the advice given in this article. This will help you make wise decisions and stay safe at the same time. Just make sure you avoid common mistakes when running this business.

If you’re reading this article, chances are you already know about Bitcoin. This platform has turned the whole world digital in just three years. Today, people from all over the world use this service without sharing their personal information with the whole world. However, if you think you can use the service directly from the Bitcoin platform itself, you need to think again. For anonymity, you need to use a reliable bitcoin mixing service.

If this seems like something new to you, we can help you figure it out. With this article, we are going to help you familiarize yourself with the service. You will also find out the reason why there is so much buzz about it on the internet. We are also going to shed some light on the benefits of the service. Read on.

Advantages of Bitcoin Mixing Service

With Bitcoin, you can stay anonymous while transacting online. Traditionally, when you make payments online, you have to pay hefty fees. For example, if you pay with a credit card, the bank will charge you a service fee. No matter which media you choose to use, you will have to pay fees. Not everyone can afford to pay these fees.

On the other hand, if you choose to pay with digital currency, you won’t have to pay any fees. In addition, your identity will not be shared with anyone. Basically, it is important to note that these transactions are not anonymous. Your actions are recorded and available to everyone via the blockchain. This is a huge database of these transactions, which means that your information is shared with the person you are dealing with. All of your information, including your name, address and other details, is shared. Now, if you want to enjoy true anonymity, you have to use a mixing service.

The purpose of the service is to make it easier for hosts. Therefore, when you use this service, you do not need to register by providing your personal details. If you are a first time user, you can choose from many services that do not charge you anything. In the same way, they will not need to verify the PGP key. In fact, the purpose of the services is to provide you with true anonymity when performing these transactions.

Since there is a high demand for these mixing services, scammers use this system to make money. Therefore, it is important that you do your homework before choosing a good mixing service. Finding a reliable supplier is very important.

What you need to do is hire a matchmaking service that doesn’t ask for your name, email address, or other personal information. In addition, the service provider does not have to regularly keep records of the transactions made by their users.

In short, we suggest you choose your bitcoin mixing service wisely. Choosing the right service is important if you want to enjoy the benefits described in this article. Just be careful and make an informed decision.

If you are going to invest in cryptocurrency for the first time, we recommend that you get at least a basic understanding of the industry. In this article, we are going to give you 5 tips and tricks to help you become a better investor. Keeping these tips in mind will make it easier for you to succeed as a beginner.

1. Look for reputable news sources

You will find different opinions about the cryptocurrency world. According to some people, crypto is nothing more than a fad, while others believe that it is a great investment, especially if you want to invest your money for the long term.

If you are sure that you can profit from Crypto, you should follow reliable sources and not listen to unbelievers. To succeed as an investor, you should consider some facts and then proceed to invest wisely.

2. Be prepared for volatility

Unlike conventional currencies, cryptocurrency is not as stable. A few months ago, the value of one of the most popular cryptocurrencies called Bitcoin was around $40,000. But now it’s down to $30,000. So what you need to do is to make a smart decision. If you get greedy, you can suffer big losses.

Even if you ask expert crypto traders, they will say that even they do not master this art. So, you need to be careful when it comes to investing in crypto as cryptocurrencies are quite volatile.

3. Consider other altcoins

When it comes to cryptocurrency, you are not limited to Bitcoin. Therefore, it is not a good idea to put all your eggs in one basket. In other words, you should invest your money in other types of cryptocurrency as well.

So what you need to do is do your homework and find out which ones perform well. In other words, you should choose the top 5 cryptocurrencies and invest your money in them.

4. Learn about hot and cold wallets

​Although crypto is a digital currency, you can still store them online in your hot wallets. But if you are just starting out, you can go for offline wallets as they are very useful and versatile.

On the other hand, it is true that cold wallets provide protection against hackers. So, if you want to diversify your assets, we suggest you check out both hot and cold wallets.

5. Be alert

Although cryptocurrencies have higher security standards than conventional currencies, we encourage you to take precautions. So what you need to do is to be careful when it comes to investing a large amount of money in this type of digital currency.

You should learn about the different methods of processing your transactions and learn how you can effectively manage your cryptocurrency in a responsible manner.

Conclusion

In short, you can follow these 5 tips and tricks if you want to succeed as a cryptocurrency trader or investor.

Investing in the cryptocurrency market space is often difficult, especially for traditional investors. This is because direct investment in cryptocurrency requires using new technologies, tools and adopting some new concepts.

If you decide to dive into the world of cryptocurrencies, you will need to have a clear idea of ​​what to do and what to expect.

Whether it’s Bitcoin, Litecoin, Ethereum, or any of the 1,300 tokens, buying and selling cryptocurrencies requires you to choose an exchange that trades the products you want.

As the best-known decentralized cryptocurrency, Bitcoin leads the crypto space so dominantly that the terms crypto and bitcoin are sometimes used interchangeably. However, the point is that there are other cryptocurrencies that you can rely on for crypto investment.

Litecoin

Litecoin, also called the “silver to Bitcoin’s gold,” is an open-source, decentralized payment network that operates without the involvement of an intermediary.

How is Litecoin different from Bitcoin? Well, both are similar in many ways, however Litecoin block generation is much faster than Bitcoin block generation. This makes investors around the world open to accepting Litecoin.

Charlie Lee, a former Google engineer, founded Litecoin in 2011. Although Litecoin lacks the anonymity technology of Bitcoin, recent reports have shown that Litecoin is preferred after Bitcoin due to its persistence. Another factor favoring Litecoin is Bitcoin’s SegWit technology, which means secure peer-to-peer trading of currencies without the involvement of an exchange.

Ethereum

Launched in 2015, Ethereum is a decentralized software platform that allows distributed applications and smart contracts to run without third-party intervention. The currency is Ether, which is like an accelerator in the Ethereum platform. In the leading cryptocurrency space, Ethereum. is the second most preferred choice after Bitcoin.

Zcash

Zcash gained attention in the second half of 2016 and is focused on solving the problem of anonymous transactions. To understand the currency, let’s take it as “if Bitcoin is like HTTP for money, Zcash is HTTPS”.

The currency offers a secure transaction option to maintain transaction transparency, privacy and security. This means that investors can transmit data in the form of an encrypted code.

A dash

Originally known as Darkcoin, Dash is a more selective version of Bitcoin. It was launched in January 2014 by Evan Duffield under the name Xcoin. It is also known as Decentralized Autonomous Organization or simply DAO. The coin was supposed to remove all existing limitations of Bitcoin. Currently, Bitcoin has taken a serious position in the field of cryptocurrencies.

An alternative to virtual currency that promises secure and anonymous transactions through a peer-to-peer network is cryptocurrency. The key to making a lot of money is to make the right investment at the right time. Compared to everyday money making, cryptocurrency models function without the involvement of an intermediary as a decentralized digital mechanism. In this distributed cryptocurrency mechanism, continuous activity is issued, managed and approved by the peer-to-peer network community. Cryptocurrency is known for its fast transactions in any other mode like digital wallets and other mediums.

In addition to the above, other top cryptocurrencies include Monero (XMR), Bitcoin Cash (BCH). EOS and Ripple (XRP).

Although Bitcoin is the trend setter and leading the race, other currencies have also taken a significant position and are growing in favor every day. Given the trend, other cryptos will have to hang around for a long time, and it may be very difficult for Bitcoin to maintain its position in the near future.

If you decide to make a speculative investment in this breakthrough technology and want all the current and future recommendations, contact “The Top Coins”.

Cryptocurrency as a modern form of digital asset has gained worldwide recognition for easy and fast financial transactions, and its awareness among people has allowed them to become more interested in this field, which has opened up new and advanced ways of making payments. With the growing demand for this global phenomenon, new traders and business owners are now willing to invest in this currency platform despite its price fluctuations, however, it is quite difficult to choose the best one when the market is crowded. In the list of cryptocurrencies, Bitcoin is one of the oldest and most popular in the last few years. It is mainly used to trade goods and services and has become part of the so-called computerized blockchain system, which allows anyone to use it, increasing the enthusiasm among the public.

Ordinary people looking to buy BTC can use the online wallet system to securely buy it with cash or credit card conveniently from thousands of BTC funds around the world and store it as an asset for the future. Due to their popularity, many corporate investors are now accepting them as cross-border payments, and the growth is unstoppable. With the advent of the Internet and mobile devices, gathering information has become quite easy as BTC financial transactions have become available and their value is set according to people’s choices and preferences, resulting in profitable investments. Recent studies have also shown that volatility is good for BTC exchanges because if there is instability and political unrest in a country that makes banks suffer, then investing in BTC can definitely be a better option. Again, Bitcoin’s transaction fees are much cheaper and it’s a more user-friendly technology for making contracts, which attracts the crowd. BTC can also be converted into various fiat currencies and used for securities trading, land ownership, document stamping, public rewards and vice versa.

Another advanced blockchain project is Ethereum, or ETH, which has served as much more than just a digital form of cryptocurrency, and its popularity over the past few decades has allowed billions of people to hold wallets for them. With the ease of the online world, ETH has allowed retailers and business organizations to accept them for trading purposes, thus serving as the future of the financial system. Also, being open source, ETH helps in the collaboration of projects from different firms and industries, thus increasing their utility. Again, unlike Bitcoin, which is used to exchange money on a digital network, ETH can also be used for several applications other than financial transactions and does not require prior approvals from governments, allowing people to use it with their portable devices. The price of Ether also remains stable, and this avoids interference from third-party intermediaries such as lawyers or notaries, as exchanges are mostly software-based, making ETH the second best cryptocurrency to invest in.

The birth of Bitcoin in 2009 opened up opportunities to invest in a whole new kind of asset class – cryptocurrency. Lots went into space early.

Intrigued by the huge potential of these young but promising assets, they bought cryptos at low prices. So the growth in 2017 has made them millionaires/billionaires. Even those who did not place large bets made decent profits.

Three years later, cryptocurrencies are still profitable and the market is here to stay. Maybe you are already an investor/trader or maybe you are about to try your luck. In both cases, it makes sense to know the benefits of investing in cryptocurrencies.

Cryptocurrencies have a bright future

According to a report called Imagine 2030 published by Deutsche Bank, credit and debit cards will become obsolete. They will be replaced by smartphones and other electronic devices.

Cryptocurrencies will no longer be seen as outcasts, but as alternatives to existing monetary systems. Their advantages such as security, speed, minimal transaction fees, ease of storage and relevance in the digital age will be recognised.

Specific regulatory guidelines will promote cryptocurrencies and promote their adoption. The report predicts that there will be 200 million cryptocurrency wallet users by 2030 and nearly 350 million by 2035.

An opportunity to be part of a growing community

#IndiaWantsCrypto by WazirX the company recently completed 600 days. This has been a massive movement to support the adoption of cryptocurrencies and blockchain in India.

In addition, the recent Supreme Court decision overturning the RBI’s ban on crypto-banking from 2018 has created a new surge of confidence among Indian investors in Bitcoin and cryptocurrencies.

The 2020 Edelman Trust Barometer report also points to an increase in people’s faith in cryptocurrencies and blockchain technology. According to the results, 73% of Indians trust cryptocurrencies and blockchain technology. 60% say the impact of cryptocurrency/blockchain will be positive.

As a cryptocurrency investor, you will become part of a thriving and rapidly growing community.

Increased profit potential

Diversification is an important investment rule. Especially at this time when most assets have suffered heavy losses due to the economic hardship caused by the COVID-19 pandemic.

While bitcoin investments have returned 26% year-to-date, gold has returned 16%. Many other cryptocurrencies have registered triple-digit ROIs. Stock markets, as we all know, have performed horribly. Crude oil prices famously fell below zero in April.

Including bitcoins or any other cryptocurrencies in your portfolio will protect the value of your fund in such uncertain situations in the global market. Billionaire macro hedge fund manager Paul Tudor Jones was also struck by this fact when he announced plans to invest in bitcoin a month ago.

Cryptocurrency markets operate 24X7X365

Unlike regular markets, cryptocurrency markets operate 24 hours a day, every day of the year. This is because digital currency systems are essentially designed using software code protected by cryptography.

The operational plan does not involve human intervention. So you can freely trade crypto or invest in digital assets whenever you want. This is a great benefit! Cryptocurrency markets are very efficient in this regard.

For example, Bitcoin has successfully processed transactions with a 99.98% uptime since its inception in 2009.

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No documents or formalities are required

You can invest in Bitcoin or any other cryptocurrency anywhere and anytime without any extra conditions.

Unlike conventional investment options that require an absurd amount of paperwork to prove yourself as an “accredited investor”, crypto-investing is free for all. In fact, this was the intended purpose of the birth of cryptocurrencies. Democratization of finance/money.

To buy any cryptocurrency at WazirX, you need to open an account for which you simply need to provide some basic information, including your bank account information. Once they’ve been tested for a few hours, you’re good to go.

Sole proprietorship in the field of investment

When you buy Bitcoin or any other cryptocurrency, you become the sole owner of that particular digital asset. The transaction is peer-to-peer.

Unlike bonds, mutual funds, stock brokers, no third party “manages your investments” for you. You buy and sell whenever you want.

User autonomy is the biggest advantage of cryptocurrency systems, which provides incredible opportunities to invest and build a corpus on your main capital “independently”.

These were some of the benefits of investing in cryptocurrencies. We hope you find them useful and convincing enough to start your crypto investing journey.

Bitcoin is the main cryptocurrency in the world. It is a peer-to-peer currency and transaction system based on a decentralized consensus-based public ledger called the blockchain that records all transactions.

Now, Bitcoin was conceived in 2008 by Satoshi Nakamoto, but it was the product of decades of cryptographic and blockchain research, not just the work of one man. The utopian dream of cryptographers and free trade advocates was to have a decentralized, borderless currency based on the blockchain. Their dream has become a reality with the rise in popularity of Bitcoin and other altcoins around the world.

In 2009, the cryptocurrency was first deployed on a consensus-based blockchain and began trading for the first time in the same year. In July 2010, the price of Bitcoin was only 8 cents, and the number of miners and nodes was much smaller compared to the tens of thousands today.

Within one year, the new alt currency rose to $1, and it was an interesting prospect for the future. Mining was relatively easy and people made good money making deals and even paying with them in some cases.

Within six months, the currency doubled again to $2. Although the price of Bitcoin is not stable at a certain price point, it has shown this pattern of crazy growth for some time. At one point in July 2011, the coin went crazy and hit a record high of $31, but the market soon realized that it was overvalued compared to the returns achieved on the ground and corrected it to $2.

December 2012 saw a healthy rise to $13, but soon enough the price was bound to jump. In the four months to April 2013, the price had risen to a whopping $266. It later returned to $100, but this astronomical price increase first brought it fame and people started discussing the real scenario with Bitcoin in the real world.

It was around that time that I was introduced to a new currency. I had my doubts, but the more I read about it, the more it became clear that the currency was the future because it had no one to manipulate or impose itself on it. Everything had to be done with complete consensus, and that made him so strong and free.

So 2013 was a breakthrough year for the currency. Large companies have begun publicly advocating for Bitcoin adoption, and blockchain has become a popular subject for computer science programs. Many thought at the time that Bitcoin had served its purpose and would now settle down.

But the currency has become even more popular, with Bitcoin ATMs being installed all over the world, and other competitors have started playing their muscles in various corners of the market. Ethereum developed the first programmable blockchain, and Litecoin and Ripple became cheaper and faster alternatives to Bitcoin.

The magic number of $1,000 was crossed for the first time in January 2017, and since then it has grown four times by September. This is a truly remarkable achievement for a coin that was worth just 8 cents just seven years ago.

Bitcoin even experienced a hard fork on August 1, 2017, and has since gained nearly 70%, while even the Bitcoin Cash fork managed to see some success. It all has to do with the appeal of the coin and the stellar blockchain technology behind it.

Although traditional economists claim that this is a bubble and the entire crypto world will collapse, this is simply not the case. There is no such bubble because the observed fact is that it essentially ate up the stocks of fiat currencies and money corporations.

The future is very bright for Bitcoin and it is never too late to invest in it, both in the short and long term.