"BITCOIN":-
FUTURE 💬💬💬
OF
CURRENCY
???
Within last one year bitcoin manage itself market of "ONE TRILLION DOLLAR" and now the biggest question of the years is that what will be "THE FUTURE OF BITCOIN !"
Who knows but here this blog can help you to make money through bitcoin without facing any risk or economical loses.
as I discuss bitcoin in my last blog the best area of investing your money in the year 2017 .today I will gonna tell you a few facts about bitcoin which is analyzed by Techno portal.
This analysis is based on the reports and crypto experts advise.
FACT ABOUT BITCOIN:-
- Its price starts getting an increase or decreases fluently at the time of year ending and starting.
- There is just a simple rule for bitcoin price growth is directly proportional to bitcoin purchase
- Accepted by global exchanges
- if you are willing to invest for the long term then there is no better option then bitcoin or any cryptocurrency
So now we are familiar with few facts of bitcoin growth
Why bitcoin suddenly started growing in the last months?
The reason behind all of the sudden growth
of BTC is Korean investors and in UK global exchanges started trading on bitcoin and I assure you that at the time of 2018 years ending its price will be more then 45k $ the reason is
ICO / ICPO (initial coin offering) now the question is that what is ICO?
ICO (INITIAL COIN OFFERING) :-
An unregulated means by which funds are raised for a new
cryptocurrency venture. An Initial Coin Offering (ICO) is used by
startups to bypass the rigorous and regulated capital-raising process
required by venture capitalists or banks. In an ICO campaign, a
percentage of the cryptocurrency is sold to early backers of the project
in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin.
Also called an Initial Public Coin Offering (IPCO).
HOW ICO EFFECTS BTC PRICE:-
For investing in ICO / ICPO we need to have any cryptocurreny like BTC, ETH, LTC , RIPPLE in crypto wallet .because startup who offers there token coins they don't accept any other currency like $ they are based on blockchain and that blockchain can be a BTC or ETH ,LTC blockchain only one of them they can use for exchange tokens .
BTC is available globally because of its global acceptance we can purchase and sell it from any where any time with in few mins but in the case of other cryptocurrencies like ETH and LTC which are not accepted globally we can't buy them easily in few countries so for purchasing them we need to buy bitcoin and after it we can convert those BTC in ETH or any other cryptocurrency .
that's how ICO effects BTC price
Other Fact
BTC MINING:-
Its mining is the same as gold mining but it's done by systems. which is address as mining pools. As much bitcoin will gonna sold that much mining will gonna be tough because mining is done by systems which consumes a lot of hash power in 2009 when bitcoin is introduced then we can mine 19 BTC within a day and now in 2017 it takes supercomputers to mine one BTC in 15 years with a lot of hash power consumption .
HOW ICO EFFECTS BTC PRICE:-
For investing in ICO / ICPO we need to have any cryptocurreny like BTC, ETH, LTC , RIPPLE in crypto wallet .because startup who offers there token coins they don't accept any other currency like $ they are based on blockchain and that blockchain can be a BTC or ETH ,LTC blockchain only one of them they can use for exchange tokens .
BTC is available globally because of its global acceptance we can purchase and sell it from any where any time with in few mins but in the case of other cryptocurrencies like ETH and LTC which are not accepted globally we can't buy them easily in few countries so for purchasing them we need to buy bitcoin and after it we can convert those BTC in ETH or any other cryptocurrency .
that's how ICO effects BTC price
Other Fact
BTC MINING:-
Its mining is the same as gold mining but it's done by systems. which is address as mining pools. As much bitcoin will gonna sold that much mining will gonna be tough because mining is done by systems which consumes a lot of hash power in 2009 when bitcoin is introduced then we can mine 19 BTC within a day and now in 2017 it takes supercomputers to mine one BTC in 15 years with a lot of hash power consumption .
because of this kind of demand for BTC, there is also much business runs online who offers to invest in the mining pool
KEY FEATURES
I hope this blog will be helpful to you. I will be here again with my next blog next week.
UPCOMING TOPIC
"ALTERNATIVE TO BITCOIN"
COMING SOON
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