BITCOIN

Here's my first article on BITCOIN: 😇
Precise !! Simple !! Easy !!
Hope u will enjoy this ride🤘🏽

(Disclosure: Few data is gathered from google) 

♐️Bitcoin sounds like gold coin but it's not!!
While gold n silver which get value due to it's precious metal point!!
Bitcoin lacks price stability;
Mathematical formula's r behind it.
There's  no central authority dat can control the price of d digital currency over a long period of time

Dey derive value from outside world like gold hv high valuable due to it's high demand!!
They have there own protocols and community with no intrinsic value!!
♨️These dayz,Bitcoin used in censorship resistant payments over the Internet,means dey can't be stopped in the same way dat gold and silver were stopped by various governments around the world.
Also;n due to same reason  r unlikely to go to zero value.

As long as there is a need for these kinds of payments, bitcoins will have some form of value.
Now as far as Security is concerned;
U know wot;⚠️bitcoin copied transaction Can't b succeed even;
One word it's So trustworthy.
This aspect of Bitcoin is critical since it means dat Bitcoin’s continued usage is not subject to any external authority’s approval, opinion or action!!

Let's take a simple example ;
Suppose  u copied a bitcoin & made a payment to me,By dat fake coin!
Now point here is dat bitcoin can be copied many times,,but it can only ever be spent once.
This design feature can be verified by making a copy of an existing Bitcoin wallet to another 💻 computer.
The same bitcoins will exist in 2 physical locations, but only the first i.e original one (dat u gonna spend somewhere else) spend transaction will succeed.
The network will recognize a second attempt dat u paid to me to spend the same bitcoins as a double-spend and reject it. 💢

Bitcoin r interesting in terms of high returns n gv feel like a Cakewalk 😛!
 But I Personally believe investing in bitcoin is not a good decision as it's not legal in india yet!!
So Beware:
There's a possibility of hard fork & will result in high volatility,which may lead to
Bitcoin temporarily be parked in other cryptocurrencies like ETH or even cashed out. Risk takers can continue to enjoy the ride!! 😁

Better to Wait for the era of BLOCKCHAIN !! 🤘🏽
Will share next article on Blockchain soon...

Til then 😇
#Stay_Raw
#Think_Hatke