WHAT I THINK ABOUT THE BITCOIN MARKET

Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. On the other hand, the Bitcoin network is sharing a public ledger called the "block chain". This ledger contains every transaction ever processed, allowing a user's computer to verify the validity of each transaction. Much of the trust in Bitcoin comes from the fact that it requires no trust at all. Bitcoin is fully open-source and decentralized. It is however, a growing space of innovation and there are business opportunities that also include risks, but there is sure guarantee that Bitcoin will continue to grow even though it has developed at a very fast rate so far.

Being designed to be a huge step forward in making money more secure and could also act as a significant protection against many forms of financial crime. For instance, bitcoins are completely impossible to counterfeit. Users are in full control of their payments and cannot receive unapproved charges such as with credit card fraud. It is however Impossible to regulate the use of Bitcoin in a similar way to any other instrument. A government that chooses to ban Bitcoin would prevent domestic businesses and markets from developing, shifting innovation to other countries. But this is a take home note: the value of bitcoins has risen over time and yet the size of the Bitcoin economy has also grown dramatically along with it. Bitcoin is still the best coin so far.