Bitcoin Can Reach $20,000 By February 2018
Hello! I am Hamza, you are hearing about Bitcoin every day. The Bitcoin is the king of Cryptocurrency. It might break the records of all the Cryptocurrencies. As of 1:30 p.m by the local time the value of Bitcoin is $14909.72. A few days back the value of Bitcoin cut off to $12303.54 but now its value is again raised. By the end of February 2018, it might break the record of all the other Cryptocurrencies on the internet. Some Cryptocurrencies has already hit quite $19000-$20000. But Bitcoin will cross all these Cryptocurrencies by the end of February. By reading this article you will know about Bitcoin.
Do you know what is the Bitcoin thing?
So let’s start with the basics: it is the 1st currency made over the internet. It is the only currency that is not governed and regulated by any government in the world. The value of the Bitcoin depends upon the economic process. It will be purchased on a digital exchange, like Coinbase, via ATM and Localbitcoins and other exchanges. All it needs an app for buying a Bitcoin or buy something or sell the coin. Basically, this currency cannot be converted into the real world money. But it doesn’t mean that the money you have invested is going in the trash. The good thing is that you can buy shares and many other things on the internet by using this coin.
I want to buy a car, I will go to the site a will book a car without any other payment method but Bitcoin method.
Is there any Tax?
The good thing about Bitcoin is that it is tax-free. There is no transaction charges on it and no other government tax.
Bitcoin Range in the world
One other thing to tell is that this coin has a finite range in the world and its 21 million Bitcoins. The range of this coin was set by Satoshi Nakamoto, who is referred as the father pioneer of Bitcoin.
Bitcoin mining is the process of creating this coin. The main thing of creating this coin is Hashtagging, and there is a series of number, one must make the combination of that numbers using the hash symbol. This process is difficult when you create the number series. Till now 6 million Bitcoins are lost and the owners have no access to them now that coins are then accessed by the miners. As we know this currency is digital and it is saved on some disk, the owner of the coin have access to the disk to check its coin but in some cases, if you have no access to the coin and someone doesn’t check his/her coin for so long it will be locked and the owner will have no access to the coin no more and the coin is then accessed by the miners.
Is it safe to buy a Bitcoin?
As you know it is the only currency on the internet whos value is fluctuating day by day and its future is bright over the other currencies, it is absolutely good and safe to invest your money on buying the Bitcoins. The value of this coin raised quickly as compare to the other cryptocurrencies. And by the end of February 2018, its value will rise.