Whats the current status on Bitcoin?

What happened to Bitcoin today

the price just went up and bitcoin is beginning to worth more than usual why don you consult Donald Stinson on if he has any knowledge about this

Bitcoin News today prediction

How my money became 5x.

BITCOINS: I was a freelancer ethical hacker.

So i was exploring this concept of the very famous digital currency called BITCOIN.

I read all the pros and cons about bitcoins and some other currencies like litecoin,Ethereum mintchip etc.

,so i invested 20USD $ in january 2016 and i was satisfied as the price of 1 BTC (bitcoin) was ~ 360USD $ i.

e when i invested, after 4 months it went as high as 470 USD$ .

I was very happy so i decided to invest all my money.

I started doing projects and collected huge money , deposited to my bank account and May 22, 2016 was the day when i purchased 3 bitcoins at the rate of 439 USD$ .

I didu2019nt stop investing in bitcoins.

,In december 2016, i had 5 BTC in my wallet.

1 BTC was 720 USD$ that time.

I kept on purchasing bitcoins with all the money i got.

,Now , currently i have 9 BTC and 1BTC is 1936USD that is around 1,25,653 indian rupees.

And i have read on various bitcoin news and prediction websites that bitcoin price in 4th quarter of 2017 will be double of what it is today.

Hey,i got so many messages from readers asking about bitcoins so i made a beautiful blog - Everything about Bitcoins .

Here iu2019ll try my best to keep you updated with bitcoins news,prediction and there are answers to all your questions about bitcoins.

Thanks for reading , You can follow me for more related answers.

Aakash Tomaran ethical hacker.

Why is Bitcoin going down today

I recently completely exited my long Bitcoin position, Im going to briefly explain why.

,Earlier this year, I wrote, The argument today is that Bitcoin is, at the very least, a store of value, like gold, and this has driven demand in recent months.

I dont think any realisation will burst this - because Bitcoin is actually a damn good store of value.

Its digital, secure, universal, has a strong brand, limited in supply, outside the control of governments.

However, a realisation does seem to be bursting this, and I believe this is the underlying reason why Bitcoin is falling.

,Bitcoin alternatives.

The crypto universe is fast becoming a messy space with plenty of alternative credible cryptos emerging.

While gold was the default store of value for millennia, I dont think Bitcoin can keep its position as the default crypto for long.

Bitcoins technology is ageing and replicable, its value lies in its brand - the fact that many institutional investors have accepted it, the fact that people talk about it, the fact that its the default digital alternative to gold.

,Its status as this default is at serious risk.

But without it Bitcoin is nothing.

And no, I dont think it will be replaced by an alternative - the crypto space is in too much flux, there just wont be any single default digital alternative to gold, certainly not anytime soon.