Rise and Rise of Bitcoin

in #bitcoin7 years ago

allen_to_the_moon.jpgFrom the period of physical exchange where people used to beg other in order to sell bitcoin, the time when WikiLeaks decided to accept Bitcoin donations when Paypal froze their payment account, We have seen the rise of bitcoin (well we cannot ignore China bubble) But if we study closely we would find that it was not the bitcoin that crashed but it the exchange which needs to be blamed for.

Today Bitcoin has not only disrupted the financial system of the world but Blockchain technology has proved that with the help of decentralization we could come to common terms and has taught people how the fair votes can be given and consensus can be achieved.

But still today only 10%-15% of the total population of the world is aware of the cryptocurrencies while most of them have only heard their names. The prices of cryptocurrencies are decided by pure economics which is Demand and Supply. Higher the demand higher is the prices and vice versa.
With the rate at which the demand of these digital assets are increasing and supply is reducing with the help of algorithm written back in 2008 the prices are going to multiply at rapid rate as the time passes and world adopts cryptocurrency

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