As the current world leader in the cryptocurrency market, Bitcoin has become some serious headlines in the last 6 months, some serious fluctuations. Almost everyone has heard of them, almost everyone has their opinion. Some people do not understand the idea that a valuable currency can be created out of nothing, while some people like the idea that something can be sold as a valuable entity without government control.
Where do you sit “Should I buy bitcoin?” The fence probably ends with one question. Can I make money from bitcoin?
Can you make money from bitcoin?
In the last six months alone, we have seen the price drop from $ 20 a coin in February to $ 260 a coin in April, to $ 60 in March, and to $ 130 in May. The price has now reached about $ 100 per bitcoin, but what will happen next is everyone’s guess.
Bitcoin’s future is ultimately based on two main variables: its acceptance by the general public as a currency and the absence of prohibitive government intervention.
The Bitcoin community is growing rapidly, interest in Crypto currency has spread rapidly online, and new services are increasingly accepting Bitcoin payments. Blog giant WordPress accepts Bitcoin payments, and African mobile app provider Kipochi has developed a Bitcoin wallet that will allow Bitcoin payments to be made on mobile phones in developing countries.
We have already seen that people make millions in currency. We are seeing a growing number of people trying to live on bitcoin for months while recording experiences trying to watch documentaries.
With Bitcoin you can buy food in Boston, coffee in London, and even a few cars on Craigslist. Bitcoin searches increased in 2013, with an increase in April and a further decline in the price of bitcoin. Last week, Bitcoin’s first major purchase for an SatoshiDice online gambling site was made by an undisclosed buyer at 126,315 BTC (approximately $ 11.47 million).
This rapid increase in awareness and acceptance seems to continue if confidence in the currency remains strong. Which leads to a second addiction. Government regulation.
Although specially designed to operate independently of government control, Bitcoin will inevitably be affected by governments in some way. It must be for two reasons.
First, in order to achieve high levels of adoption, bitcoin must be accessible to a large number of people, which means that it extends beyond the scope of hidden transactions to the ordinary day-to-day transactions of individuals and businesses. Second, these Bitcoin transactions can become a traceable part of people’s taxable wealth, which must be declared and regulated alongside any other type of wealth.
The European Union has already stated that bitcoin is not classified as a Fiat currency or as money, as such, it will not be regulated by itself. The number of bureaucracies involved in the 50 state systems in the United States has inevitably complicated decisions without reaching a consensus so far. Bitcoin is not considered money as such, but it is considered as money.
The prosperous bitcoin market in the United States has a more uncertain future, ցանկացած Any final legislation in the United States can have either a very positive or a very negative impact on the future of bitcoin.
So you have to buy bitcoin.
The answer largely depends on how much risk you take. Bitcoin, of course, will not be a smooth investment, but the potential of this currency is huge.