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On Cryptocurrency: My Rationale Explained

Bitcoin Trading and Bitcoin Price Prediction By and large, talking of the cryptocurrencies, bitcoin is known for being the first one ever released and as well the one that remains the most popular. By far and large, the main purpose and the general idea that led to the creation of the bitcoin as a form of currency was so as to allow users store and transfer value without necessarily going through the intermediaries like banks and like bodies. Considering the performance and strength of the bitcoin in relation to the other competing cryptocurrencies in the market, you will notice the fact that it still remained relatively strong even though it still was seen to record a slip in the value, high as 80% of this, as compared to the all time high it recorded in the year 2017. In a general sense, bitcoin has actually seen its value or price drop by close to $16000. As at the moment, the price of the bitcoin is at $4120, which tells of the fact that it has actually shed an average of about 60% of its value over the past 12 months as it has actually fell from a price of $9986 as of last year such a time. Indeed when it was introduced in the year 2009, this cryptocurrency bitcoin was actually received with lots of praise and was seen as a promising alternative payment option that would actually compete with VISA as a global payment option. Nevertheless, in the following years, bitcoin somehow became the subject of much media highlight and much focus was on the glaring shortcomings that it seemed to have such as the fact that it had such a limited network capacity and as well the fact that it had such transaction fees that went up to $40 were the subject of highlight in many media circles and discussions. But in as much as this is the case, there was a sure response from bitcoin in the year 2017 where it responded to the criticisms regarding its network capacity when they did a network upgrade, bringing in the SegWit, which was actually activated in the month of August, 23. As a matter of fact, this saw it improving its capacity as a blockchain technology which in turn boosted its position against the other alternative blockchain technologies out there. Looking at the comparative aspects of the cryptocurrencies out there, Bitcoin has actually lost a lot lesser than the share that has been lost by the other alternative cryptocurrencies out there that may be so top in ranking. In actual sense, this is one of the very reasons that it gets to make as much sense for the experts to arrive at the conclusion that this is one of the types of the cryptocurrencies that would be ideal investing in as they have shown the ability to maintain their relative strength in the bear market going into the future as opposed to the others that lose so much in the value. The Path To Finding Better Cryptocurrency The Path To Finding Better Cryptocurrency

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