When Bitcoin-BTC is mentioned, people react quite differently! Most of those who know anything about this topic, BTC exclusively associates with illegal activities!

Are, and to what extent are these views justified, and what is actually true?

On 29.10. 2016 Bitcoin was worth $ 713 with $ 119 million in turnover in the last 24h. Today 22.11.2020. is worth $ 18596.Despite all those who predicted the end of this digital currency. I am sure that BTC will continue to grow until a serious first competition appears on the market. Believe me, we are working on it quickly!

What characteristics lead to an increase in the value of Bitcoin and all digital currencies in general? What advantages and reliefs has Blockchain technology brought as a technology of cryptocurrency, ie digital money?

"Peer to peer" technology is a technology that allows individuals and legal entities to communicate directly with each other through cryptocurrency, without intermediaries, in any role. In the case of Bitcoin, intermediaries are miners who receive a commission by approving transactions. increasing so that they were almost equated with bank commissions.

All transaction data remains recorded in Blockchain, when we can experience it as one huge database, in which all transaction data is stored, and very importantly, the data that enters the Blockchain are not subject to change nor can it be changed or falsified.

The speed of transfer and processing of transactions in the case of Bitcoin blockchain is from 10 to 60 minutes, which, you will admit, is faster compared to previous systems and methods of money transfer, in the classic ways known to us. Such as Western Union or MoneyGram, or even bus drivers as an alternative. . .

No those famous 3-5 business days, no waiting in the bank for all the accompanying situations that go in the package.

By the way, Bitcoin's blockchain as a technology is more than 8 years old. Technology from 2009 is largely outdated, not only in the world of digital money but in general. We are witnessing continuous improvement of systems and technologies, etc. . . With the best and currently the most modern digital currency of the 2.0 series from October 2016. the whole process of world wide transactions, ends for believe it or not, 30 seconds on average and without commission in $, € etc ...

In an incredible 30 seconds, the digital coin was transferred from one end of the world to the other and of course immediately ready to be used.

This whole system is additionally more interesting and desirable for all of us, due to non-existent commissions, transaction speed and 100% transmission security.

World Bank data from the period 2014. they say: that 583 billion dollars were processed in transfers between individuals. And $ 22 trillion among legal entities.

The average commission of Western Union is 7.7% and goes from 29%

Commissions regarding the most modern cryptocurrency or digital money are counted and charged, but only from the second decimal place. (don't take my word for it with 100% certainty) for all digital currencies, because there are more than 900 of them today. But in the case of the mentioned cryptocurrency version 2.0, the commissions are 0.25 coins. . . So not dollars, euros, pounds ... but a commission charged in coins. It is almost not worth mentioning.

If you pay something to Amazon or e-Bay, Visa or MasterCard today, both parties give up part of the money in favor of the bank transfer, which is about 2.5%

After the incredible success of Bitcoin, the market is, one might say, literally hungry for cryptocurrencies.

Currently, hellish work is being done on the production of cryptocurrency by an increasing number of investors who want their share in the market: Branson, Trump, Gates, Zuckenberg, Buffett, etc ... I will definitely write about the investment potential for us 'mortals' because it is possible and very profitable. .

The market is waiting for who will be the first to offer the appropriate amount of cryptocurrency and things will start happening for some and end for others. It is not difficult to conclude who will do badly in this process and who will do well. Just remember what Johann Gutenberg brought with his invention to medieval copyists ?! The books they copied for several years at a time were printed in 15-20 days. So, with the development of technology, copyists had to retire!

You should think very well about this above and ask yourself an honest question, in which group am I? An innovator or a copyist ?! Many will be swallowed up by a new wave of technological development, in this decade. Most of us are reluctant to accept change, that much is clear. But history is constantly repeating itself - changes are necessary. . .

Perhaps the most significant advantage is probably the most important reason for the need to change in favor of cryptocurrency.

The law of supply and demand, which directly forms value, is a cryptocurrency and on the other hand, a production process that limits at the beginning a certain number of coins (units) that can be produced by a mathematical algorithm. In fact, there must be a finite number of unit solutions, that is, a finite number of coins that can be produced. Compare this, with the current and effortless issue and reprint of central bank money! There are also digital currencies that can be produced no limit. Ethereum say m is not limited with the number of coins and this must ultimately prove to be a serious drawback. Certainly not at first.

For BTC, the final number of units is 21 million coins, or Bitcoin. And none more. Increased demand, limited numbers, and all the above facts are the product of the market value of Bitcoin and all other cryptocurrencies.

The bad aspects and components of Bitcoin are covered up, completely unjustifiably, to the detriment and detriment of the general security and safety of all of us.