bitcoin point of vue

What can be said about Bitcoin, the virtual currency that seems to have hit global financial markets? Since its inception, Bitcoin has become one of the most controversial issues on the economic scene and continues to be a constant concern for many investors and business owners.

The myth is that Satoshi Nakamoto began working on the Bitcoin principle in 2007 in Japan. (Nakamoto is said to be a collective pseudonym for more than one person). In August 2008, bitcoin.org was registered as a domain and the first version of the currency was released in January 2009. The exchange rate of the first version of bitcoin was determined at 1309.03 Bitcoin per US dollar, using the equation that includes the electricity costs of operating the computer Issuing Bitcoin modules.

Bitcoin Market
Bitcoin was founded as a Bitcoin stock exchange in February 2010 and the world's first real deal was used when 10,000 homes were paid for pizza at the Bitcoin forum. At that time, the exchange rate for buying the pizza was about 25 USD.

As can be expected, when Bitcoin was introduced to the beginning, the majority of people were hesitant about the virtual currency. They did not know what they were doing in a currency that could not be seen or touched. The fact that they were presented as a decentralized currency without any legislation at all did not appeal to the majority of people. What was important was that Bitcoin could be bought at a very low price and there was no room to go up.

Two sides of the coin

People look at bitcoin from my face. There are those who have no doubt about the use of the currency that can only be accessed via the Internet through an automated machine (revealed in May 2013). These speculators buy bitcoin and keep it until its sale becomes profitable, as with any other currency that can be traded.

There are others who say that bitcoin is simply part of a pyramid scheme where only the people on the top win. In fact, there are a limited number of 21 million bitcoin - currently traded and expected to be issued only until 2040. No one knows what will happen at that time.

In the meantime, Bitcoin fluctuated dramatically and reached a low of $ 99 on July 13, 2013, and to $ 1,200 in December of the same year. Today, the price of Bitcoin is located at about $ 645. Over the years, many markets have provided bitcoin and many currencies in many countries have agreed to risk against bitcoin.

Companies, including Virgin Airways, metro companies and systems, began accepting bitcoin as a way of paying for goods and services and bitcoin rose. There was also much investigation into the digital currency, which in September of 2012 led to the establishment of the Bitcoin Foundation, which implemented a core protocol for the team and a digital currency monitoring device. This has had few tangible results as it has been found that there are many bitcoin bourses that carry out suspicious activities and have been fined and closed by the federal authorities.

There have also been many cases where bitcoin markets have been pirated, leading to currency devaluation, with professional pirates stealing hundreds of bitcoin. There was at least one bitcoin bourse market which is MT. Gox, who was the first to start work in 2010, became increasingly suspicious of account holders in February of this year and finally declared bankruptcy, leaving hundreds of account holders with substantial losses.

Therefore, the question remains: Can Bitcoin be considered a legitimate currency or a fraud? How high is the value of KFH? What will happen in the year 2040 when this currency is no longer issued? nobody knows.