The digital gold coin on demand now that makes up the online business is the talk of the globe now that whether investing would be safer or it would lead to some great losses. So let us have a deep insights about it in the below article,
With Bitcoin it is very easy to send and get money anywhere in the world at any given time and no need to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.
You are in full control of your money with Bitcoin because there is no central authority figure in the Bitcoin network.
This is now became a greatest disadvantage as so many countries like Bangladesh, Bolivia, China, Ecuador, Iceland have banned the bitcoin trading as it is illegal and in some countries there are high legal restrictions to continue with the coin.
Actually Cryptocurrencies use cryptographic techniques plus distributed storage to create non-material entities that are impossible to fake and so the losses would be only due to the market trends and if you don’t understand then it would lead you to only severe troubles.
Bitcoin Rates :
Feb 2018 - $8,498.99
Jan 2018 - $13,412.44
Dec 2017 - $10,859.56
Nov 2017 - $7,131.61
Oct 2017 - $4,830.77
REASONS FOR THE RECENT DROPS OF THE COIN:
India has become the latest country to have a regulatory crackdown on Bitcoin.
India treats cryptocurrency as property, so there are capital gain implications.
The best way to minimize is to buy and hold for more than a year.
It is common for people to use VPNs virtual private networks] to trade cryptocurrencies, as many exchange platforms relocated to Japan or Singapore.
China Enlists Its 'Great Firewall' to Block Bitcoin Websites
Facebook has banned ads that promote cryptocurrencies and initial coin offerings.
Even Gates and Buffet can’t buy the wholesome of the coins as they are turning up as the greatest currency.
COMPETITORS ANALYSIS:
Ethereum (ETH) - $ 807.31
Ripple (XRP) - $ 0.752
Bitcoin Cash - $996.67
The price of bitcoin slumped by 15 percent to drop below $12,000 for the first time since December 4. Ethereum, meanwhile, fell by over 20 percent to hover above $1,000 and Ripple is down 33 percent to $1.23.
CONCLUSION:
It is nothing but the high volatility, lack of obvious use, decentralized form of currency and the cybercriminals started taking advantage of the bitcoin it has become controversial money but if you undertand the algorithm of trading with the digital money called bitcoin it would surely be a CRAZY CURRENCY for everyone..!!
With Bitcoin it is very easy to send and get money anywhere in the world at any given time and no need to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.
You are in full control of your money with Bitcoin because there is no central authority figure in the Bitcoin network.
This is now became a greatest disadvantage as so many countries like Bangladesh, Bolivia, China, Ecuador, Iceland have banned the bitcoin trading as it is illegal and in some countries there are high legal restrictions to continue with the coin.
Actually Cryptocurrencies use cryptographic techniques plus distributed storage to create non-material entities that are impossible to fake and so the losses would be only due to the market trends and if you don’t understand then it would lead you to only severe troubles.
Bitcoin Rates :
Feb 2018 - $8,498.99
Jan 2018 - $13,412.44
Dec 2017 - $10,859.56
Nov 2017 - $7,131.61
Oct 2017 - $4,830.77
REASONS FOR THE RECENT DROPS OF THE COIN:
India has become the latest country to have a regulatory crackdown on Bitcoin.
India treats cryptocurrency as property, so there are capital gain implications.
The best way to minimize is to buy and hold for more than a year.
It is common for people to use VPNs virtual private networks] to trade cryptocurrencies, as many exchange platforms relocated to Japan or Singapore.
China Enlists Its 'Great Firewall' to Block Bitcoin Websites
Facebook has banned ads that promote cryptocurrencies and initial coin offerings.
Even Gates and Buffet can’t buy the wholesome of the coins as they are turning up as the greatest currency.
COMPETITORS ANALYSIS:
Ethereum (ETH) - $ 807.31
Ripple (XRP) - $ 0.752
Bitcoin Cash - $996.67
The price of bitcoin slumped by 15 percent to drop below $12,000 for the first time since December 4. Ethereum, meanwhile, fell by over 20 percent to hover above $1,000 and Ripple is down 33 percent to $1.23.
CONCLUSION:
It is nothing but the high volatility, lack of obvious use, decentralized form of currency and the cybercriminals started taking advantage of the bitcoin it has become controversial money but if you undertand the algorithm of trading with the digital money called bitcoin it would surely be a CRAZY CURRENCY for everyone..!!
No comments:
Post a Comment