This writing of mine is of those days in which I am questioning every thing that comes across my way. If making money is so simple as that of bit-coin. Why is there hassle in life of studying? and going through exams? and making living out of a stable carrier? Well this is normal behavior of mankind and is considered as normal art of living. Bit-coin is all fake or real is a big question that remains with many people. It seems real when we see people around us earning out of it, but it seems fake when we come to know that its future is unpredictable... Well I thought of buying a Bitcoin in January 2016 almost 2 years ago when it was a at a very low price of nearly few hundred dollars or so.. but for me even a few hundred dollars were a way big money so I taught why should I waste my money on something which is unexpected and probably it would not be successful in future.
But all those were my personal thoughts and opinions. Along with time it went up and up and is continuing to go up so far...
Then in June 2017 it was at a price of few thousand dollars or if I remember exactly it was costing $1800 for each bit coin. After new months in October 2017 few months back it was $4K-$5k and now it has reached $18k .
Well for most of the people who think they have become rich with bit coin is it real or just a bubble? That is still a million dollars question that rises in many minds with time. What if we keep it and then, suddenly we hear that it has dropped to minimum level, although its not going to happen drastically but still when things are associated with bad names no body is willing to buy those things...
Well once we look at the mechanism and its working there are many convincing theories that it won't come down and the way it works it would always go up... But what i have learned so far in life is that everything and almost anything like this has its rise and fall.... these days it is in the phase of rising up and up...
But by going up and up and up..., if few rich people of the world buy it and give all the cash they have for it ... all makers of bit-coin would be happy and would this come down drastically???
Would there be a time that bit-coin would be accepted every where just like a credit card??? This is a big question and it stays there as in many countries and regions its not accepted and further more even keeping it is illegal by law.. why is it like that?
![one dollar ot one bit coin.PNG]
(
Is in near future bit coin would be used as a real money? or its all fake? This is another million dollar question that not only bothers me but stops me from buying it. I would stay with real money rather than getting involved in crypto currency....
I have shared my personal thoughts and opinions... I am not saying don't buy it but do your proper research before buying it and share your thoughts with others as well.