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Bitcoin Speculative Bubble: How to Make Money on It
Ever since the news about cryptocurrency hit the markets during the world’s worst recession in 2009, Bitcoin has been a hot topic of discussion. The founder of the coin – Satoshi Nakamoto, gave the world a whole new sphere to experiment. Bitcoin is brought along many other cryptocurrencies, like Ethereum, Litecoin, and Ripple coin, but the position held by Bitcoin was always supreme. Recently, all records were broken when Bitcoin touched $7500 mark in November 2017 and put the world in a tussle about its future sustainability.
Bitcoin Speculative Bubble
Some say it is nothing but a cryptocurrency bubble, and others are doubtful about Bitcoin speculation because it has no central governing factor and it is not being controlled by any party or organization. The core of cryptocurrency is decentralization, but that is not all. Cryptocurrency also brings in a lot more factors like blockchain, on which websites and applications it is being made for a higher security index and enhanced safety features. Cryptocurrency might turn out to be one of the most amazing investment options of the future generation, like those who invested in it back in 2010 or 2011, when it was hardly around a dollar per coin, are now floating in the multi-million dollars pool. Bitcoin Speculative Bubble
Those who did not invest in it are repenting since the coin is now more than eight thousand percent of its original value. Seeing its high demand in the market and ever-increasing prices, even colleges and universities started discussing blockchain and cryptocurrency assignments and essays from their students on. Many university assignment services for students specialize in cryptocurrency content, and they help those students excel in their submissions.
Many established financial organizations and even some high-end banks like JP Morgan have expressed their concern about Bitcoin’s future. Is Bitcoin in a bubble, is one of the most common questions asked in the financial world. But there are many people, especially the millennials, who admit that they made a lot of money from Bitcoin. Some of the teenagers who bought Bitcoins back in 2010 are now worth millions, they have started their own companies, invested in many other firms, and are now living a better life than many others out there.
It has indeed helped many people make money, but the speculative gossips about its future is still doubtful. It is not like it has always risen from its original value. There were those dark days when its bubble burst as well, and it saw a crash because a sudden news affected it, but then somehow, it maintained its position and broke its own records in future. Recently, when a hard fork in the coin happened, it led to creation of Bitcoin-Cash (BCH), which is now at $450.
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Bitcoin is now more expensive and more valuable than gold, something that people always believed in, and invested in for future savings. Cryptocurrency has marked a new beginning for the technical world. Right now, cryptocurrency is said to be at a stage where internet used to be in the 1990s. It is bound to grow, and explore new horizons, but with time. There is no way that it will end here because right now, cryptocurrency has not been exploited to its full potential. There is still a lot to be discovered, and a lot to be invented. The world has just seen the tip of the iceberg when it comes to digital currencies, and blockchain. Bitcoin Speculative Bubble
Ethereum is one such platform that provides a space to developers all over the world to develop their decentralized applications and websites on the blockchain. Ethereum has many potentials when it comes to market cap and exploration; it just needs time to expand its reach. Moreover, every cryptocurrency has its own market. The investors and financial planners who missed out on buying the old coins are now investing in new coins, which are lower in price right now, in the hope that they will increase in future and give them better returns than bitcoin ever can. Hence, this world has a lot to see, and a lot to experiment. Right now, it would be too soon to draw out conclusions on anything at all. For now, all we can do is, wait and watch where the cryptocurrency takes the digital world in future. Bitcoin Speculative Bubble
Author Bio: Helen Birk is a freelance writer and a financial advisor. She has been associated with renowned companies and entrepreneurs. Helen has been writing for over four years now and has vast experience in investments. Her hobbies include traveling, photography, social work, and yoga.
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