Most one of us have heard about bit coins, right? No!
Then it is time to hear about it! You had already missed the opportunity of buying bitcoins when it was available for pennies. Latest high was 3000$! So it is pretty well understood that a few people had made millions of dollars. I came to know about it pretty late. But here is the thing. We are still in the early days of crypto currency.That’s right! This can be huge one day. It is because of the underlying technology. The blockchain. Let us look at the Bitcoin price and market cap now from coin market Cap:
Transactions using Bitcoins are seemingly fast. The same international transactions can take up to 3-4 days to be cleared by all the banks. And on the top of that, you almost pay nothing!
The same transaction may be charged up to 10% for the banks to clear. It is a
It is a decentralized platform. That is no one owns or regulates it. Here is a simple official video to understand about bitcoin:
Now in the crypto currency world, Bitcoin is not only the coin available. There are many. Like bitcoins, these other coins aka altcoins were available for pennies. One such coin is Ethereum. Let us look at the live price:
There are still many coins out there which will rise like anything. And they are available for pennies. One such coin, in which I recently invested is available for pennies. In the current bull run among the crypto, it has already moved 100s of times. I missed it. But still, I believe that it has potential to move greatly in future. You can WhatsApp me to know about the coin.
Cryptocurrency is an emerging asset class. Many people are selling their gold holdings to buy bitcoins!
Crypto currency is the currency of future. So keeping this in mind, I am starting a blog section on crypto currencies. I will post regularly about crypto currencies here.
See what Raghuram Rajan has to say about bitcoins: