Bitcoin possibilities and risks

Bitcoin is the world most popular crypto currency. It is used by millions of people and many people are thinking that it will remove the paper based note in near future. Over the span of last one year, the BTC (Bitcoin) has been gaining in terms of monetary value due to huge demand and popularity. There are no fees for transferring your bit coin from one place to another. But the things which come with great benefit has also harmful side. The professional economist and currency strategist are currently concern about the regulations of bit coin as it has no central functioning bodies. Most of the professional investors are thinking that the value of it will hit the 3000 market in the global market prior to the closing of the year 2017.

Many professional investors have considered the rise of bit coin value over the $1000 mark with the bubble. But the ongoing bullish strength of the bit coin has created a new question into the mind of leading investors regarding the concept of the bubble. All the leading stores and websites are now currently accepting bit coins and every single day people are looking to mine bit coins with expensive GPU. Some are considering this mining job as an easy cash flow but over the period of time mining will be extremely hard as more and more competitors will cloud up the market. Some of them are also considering it as the best investor sector.

With the advancement of modern technology every single day, people are working very hard to earn their living. At the end of the month, most of the people are paid for their hard work through the electronic payment system. Even Modi is also forcing his people to use the digital current and to achieve his goal he has limited the paper cash flow in his country. Considering this fact, the name of bit coin comes first in the global industry as the prime alternative to paper based money. Over the period of time, the increased demand for digital currency has open the scope of multiple investing sectors in the society. All the leading business man are thinking about investing in the digital currency to double their profit potential within the shortest possible time.

When you go digital you have to deal with the threat of this modern world. A large group of organizations is now actively working to steal this digit currency from other people’s pocket. Some of you might think that this is the most secure payment method in the world but sorry to say that people are also being hacked in every single day even after using the bit coins. The best competitions of bit coin are the alt coin is also actively grasping a large market in the global industry. If you ever face any problem with a large sum of bit coin then you will have no way to deal with this situation as there is no higher author to monitor this digital currency market.
See also:
Weekly market overview May 13 - 17.
Weekly market overview May 13 - 17.
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