Bitcoin is probably the world’s most famous cryptocurrency, and if you are just slightly interested in computers and tech-stuff in general, the chances are that you’ve already heard about it somewhere at least once. Two years ago, Bitcoin made a huge “boom” on the market, reaching an unexpectedly high number of 23 thousand dollars per piece. Because it once started with a price less than a few cents, this is pretty mind-blowing already. Visit here to keep up with the news on Bitcoin.
Today we’re talking about Bitcoin, and listing some things that you might not know about this digital currency, so if you happen to be interested in such a topic, feel free to continue reading until the end. Let’s take a look.
Bitcoin is decentralized – No middlemen
One of the things that makes Bitcoin so popular is the fact that it’s decentralized, meaning that nobody is standing in-between the transfers you’re making. If you’re not sure what this means, here’s a simple example to explain it all. When you’re making a bank transfer, from one person to another, the bank stands in the middle of the transaction. The bank will also take a cut for the service, and it has all the information about the transaction stored in their database.
With Bitcoin, however, the transactions are anonymous and there are no middlemen, which means that you’re free to transfer any amount of Bitcoin without anyone else besides the person you’re trading with knowing about it. Also, Bitcoin is much safer than using a bank, simply because the network functions in a way where every other user that’s part of it has to confirm the transaction before it can go through, and if something’s fishy, the blockchain detects it and doesn’t let it go through. This means that Bitcoin transactions cannot be duplicated or abused. Click here for more info.
Bitcoin is much easier to use than you think
When it first appeared, Bitcoin was known only by some people who were really into tech-stuff. However, nowadays, Bitcoin is popular even amongst “casual” computer users, and with so much information about it on the Internet, learning how it works will take you less than a few hours. There are many Bitcoin ATM’s worldwide, which means that you’re able to make transactions and money to Bitcoin or Bitcoin to money conversions at any time.
Bitcoin is expected to become huge in the next year or two. Some people might think that the age of Bitcoin is over, but they are not aware that it’s just beginning. According to many financial experts, Bitcoin is expected to make a huge comeback in the following one or two years. Some even say that it will reach a price that’s almost twice as much as its last record, which was more than $23.000 per piece. Although the bubble did “burst”, Bitcoin is already making a comeback, and it’s not even halfway where it is expected to be soon. If you’re wondering whether it’s a good time to invest or not, you should listen to what financial experts are saying about it, and even if you disagree with them, investing just a few bucks in it will not damage your economy at all, but might make you rich tomorrow.