This article will empower you to find an answer for the frequently asking question in these times is there any future for bitcoin ? Is it a Ponzi scheme?
I have another question for those who asking is it too late to invest in bitcoin is it too late to invest in Facebook, augmented reality or in iot in the real sense both situations are same the technology behind bitcoin is block chain.
Ship is under its final touch this is the right time to onboard one thing I can assure that its never be a Ponzi scheme because technology behind bitcoin and altcoin(Difference between bitcoin,altcoin,privacy coin will discuss in next article)will have a huge hype in future.
What some people want to know is if they can make quick million$ hype by getting in the game right now if you are looking for a gamble, I can’t help you. Because investing in cryptocurrency need lot of research on the background and track records of the team behind it anyway because there are hundreds of coins are releasing every day in market but with correct knowledge of block chain technology and the functionality of a coin you can make huge profit in this space.
Every coin is created to solve some problems in the current scenario you should have to understand what it is and its scope with due diligence.
The first bitcoin was mined in 2009,that is nine years back. Only today you hear about bitcoin everywhere because of the high prices however it has been around for a while. Virtual currencies have been around for much longer.Thinking that cryptocurrencies or bitcoin will disappear overnight is just wrong.
Bitcoin is disrupting the financial market is similar how uber is disrupting the taxi market,amazon&alibaba disrupting almost every retail market future of bitcoin and other cryptocurrencies are limitless still now not reached the early stage of infancy
Now let’s see some historical data of bitcoin and basic altcoins
BITCOIN
As of 18/12/2017 bitcoin price is 119178.91141$
If you bought 1bitcoin
3months ago : 4,066.60 / 28301% return
6months ago: 2040.18 / 5742% returns
12months ago: 728.51 / 16259% returns
ETHERIUM
As of 11/18/2017 Ethereum’s price was $367.71
If you bought 1 Ethereum
3 months ago: $298.20 / 23% returns
6 months ago: $123.06 / 199% returns
12 months ago: $9.57 / 3742% returns
LITECOIN
As of, 12/18/2017 Litecoin’s price was $72.38,
If you bought 1 Litecoin
3 months ago: $45.81 / 58% returns
6 months ago: $27.42 / 164% returns
12 months ago: $3.88 / 1765% returns
Now i can say the trend will continue further... if you wait, you will miss the golden chance for the million dollar journey !!!
Comparing the Crypto market to various resources may not make sense to a lot of people, but Bitcoin is also known as “Digital Gold.” Like gold, Bitcoin is fixed in supply (limited supply 21 million), mined (via online miners), and for some used as a hedge against other markets. Gold is 29x the size of the Crypto market and 52x the size of the Bitcoin market. The Silver market is estimated to be $5 trillion dollars, and also 21x the size of the crypto market and 37x the size of
the bitcoin market! If a percentage of this resources are converted bitcoin will hit half million value in 2 years this is not mere guess we are gone through many data analysis and research for long years upon the topics.
Lastly, one important fact you should consider is that as of today most of the larger players including hedge funds, CME, investment banks, pension funds, asset managers — have not even started investing in the Crypto market. Just imagine what will happen when they start coming in… if some guy says it’s a Ponzi scheme or it will disappear overnight don’t worry if you are invested or you are going to they either don’t know the unfathomable infrastructure of block chain technology and consider that tiger will not lose sleep over the opinion of sheep!!