BITCOIN AND BLOCKCHAIN ARE HERE TO STAY

[cryptoinsiderus]

;DHello Altcointalks forum members , we are glad to join this awesome forum to share our article and news posts .

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Since last december , people have been left astonished by the spectacular rise in the value of bitcoin, the pioneer of all cryptocurrencies. The digital currency started off in 2017 with a value of around $800, but, by the end of the year, was probably the highest-performing investment anyone could have ever made, as it reached the ‘ATH’  of $19,783 in December. Such gains are enough to make the most well-heeled Wall Street whales and sharks turning there eyes arround .

Milton Friedman understood that something like Bitcoin will emerge on the internet in 1999 , It took whole 10 years since reliable Internet money were developed.

Milton Friedman

“The one thing that’s missing, but that will soon be developed, it’s a reliable e-cash. A method where buying on the internet you can transfer funds from A to B, without A knowing B or B knowing A. The way in wich I can take a 20 dollar bill and hand it over to you and there’s no record of where it came from. And you may get that without knowing who I am. That kind of thing will develop on the Internet.”

1999 interview with Nobel Laureate Milton Friedman conducted by NTU/F.

Full video:

However, on the flipside, there has been a lot of concern recently that cryptocurrencies might be a bubble that could burst any day, crumbling the fortunes of many would-be investors and sending the markets reeling. On January 17, bitcoin’s value suddenly halved as futures contracts on the cryptocurrency expired, sending shockwaves through the cryptocurrency market that buffeted even top performing “alt-coins” like ethereum and ripple.

While bitcoin’s central role in the crypto market is undeniable, it is arguably in its own speculative bubble within the larger market, which contains more stable alt-coins. If bitcoin’s bubble was to burst, it would inevitably stagger the $700bn market, as it occupies about a third of it. Also, many exchanges use bitcoin to buy and sell other cryptocurrencies or to convert them back into fiat. But investors are now diversifying their portfolios by buying other, arguably more stable cryptocurrencies that could absorb any blows that may shake the bitcoin pillar.

But what makes these other cryptocurrencies any different from bitcoin? Are they not just other bitcoins, only carrying different monikers? The answer to that lies in the technology used to validate bitcoin transactions, known as blockchain.

You can read the full article and more on our website .

[donray]

I agree with you. But what might be causing the presence fall?

[Jacob Marshal]

With the earliest cryptocurrency being founded just over a decade ago, the concepts of digital assets are still very young and there is still plenty of time to learn all about it to prepare oneself for the future of finance. As time passes on and cryptocurrencies become a more integrated part of society, it will be important to understand how to get the most out of your bitcoins.