Some people still think that Bitcoin and other digital currencies are just another bubble.com. But
bitcoin just reached $7K peak. Bitcoin prices just passed $5K in October surged about 600% in 2017.
Bitcoin was originally started as a peer-to-peer money sharing network which record past transaction in a public ledger called Blockchain. Many people were skeptical about bitcoin calling it a fraud.
Some called bitcoin was only for drug smugglers and North Korea.
However, recently bitcoin has proved many people wrong. With 1 BTC=$7K, bitcoin has momentum to be a powerful currency. With the recent bitcoin advances, bitcoin tends to threaten the long lasted central bank system , in which anyone can transact without any mediocre.
There are limited amount of bitcoins that can exist ever, unlike the monopoly money printing system of central bank. When ever a mining hardware solves a mathematical problem and discovers a new block, it is rewarded with certain number of bitcoin(currently 12). Due to popularity of bitcoin mining, many people have engaged in mining and the level of difficulty has increased, making mining bitcoin further difficult.
Today, you can buy and sell bitcoin from any trusted exchanges. You can pay plane ticket, buy a server, almost anything using bitcoin.
Price of bitcoin is said to further increase as the popularity of bitcoin increases and more transaction are done in bitcoin. According to an analysis, the price of bitcoin is to raise by 10 times in 2018, and eventually climbs above $ 1 million in 9 years. This can be very interesting thing to many investors.
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