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Bitcoin Value Is Giving A Shock!
By: Tupaki Desk | 8 Dec 2017 6:23 AM GMT
It has no shape.. it doesn't belong to any country.. no central bank can control it..but this currency is shaking the world markets. Yes.. we are talking about Bitcoin. Even though it is not physically present, it is valued around lakhs.. crores of rupees. It has become a hot topic across the globe. People discussed it several times earlier but this time the mainstream media published articles about it. Why? What happened?
Bitcoin is a cryptocurrency(which is physically not present) and it has created a sensation as one Bitcoin value increased by Rs.3 lakhs in a single day. No other currency in the world has such demand.. no other item has such a demand in the world. Nobody could answer the questions like "Is the value really increasing? Is it artificial rise or real?
When Bitcoin concept was introduced a single bitcoin value is less than a cent. It's value equalled to a dollar sometime later. The value kept on increasing. A single Bitcoin value at the start of this year was Rs.50,000 to 60,000. Presently a single Bitcoin values around Rs.10 lakhs. On Wednesday it's value increased by Rs.3 lakhs. Now, its value is Rs.13 lakhs. If we consider the growth, Bitcoin value increased by 1500% in 2017.
If we look at the reasons why the Bitcoin value increased so much in a single day.. Chicago Mercantile Exchange.. Nasdaq announced that they will start future trading for Bitcoin. The increasing acceptance of Bitcoin from Hedge fund asset managers.. Increase the number of online & offline centres which are allowing the trading of Bitcoins are increasing the demand. But financial experts are suggesting not to invest on bitcoins eyeing huge profits because it may backfire if the bubble breaks.
Bitcoin is a cryptocurrency(which is physically not present) and it has created a sensation as one Bitcoin value increased by Rs.3 lakhs in a single day. No other currency in the world has such demand.. no other item has such a demand in the world. Nobody could answer the questions like "Is the value really increasing? Is it artificial rise or real?
When Bitcoin concept was introduced a single bitcoin value is less than a cent. It's value equalled to a dollar sometime later. The value kept on increasing. A single Bitcoin value at the start of this year was Rs.50,000 to 60,000. Presently a single Bitcoin values around Rs.10 lakhs. On Wednesday it's value increased by Rs.3 lakhs. Now, its value is Rs.13 lakhs. If we consider the growth, Bitcoin value increased by 1500% in 2017.
If we look at the reasons why the Bitcoin value increased so much in a single day.. Chicago Mercantile Exchange.. Nasdaq announced that they will start future trading for Bitcoin. The increasing acceptance of Bitcoin from Hedge fund asset managers.. Increase the number of online & offline centres which are allowing the trading of Bitcoins are increasing the demand. But financial experts are suggesting not to invest on bitcoins eyeing huge profits because it may backfire if the bubble breaks.
