There were days when investors put their money in to Bitcoin and the money simply doubled in just a couple weeks. However, those times are now over. The Market has matured. Investors are looking in to the why of the price movement. Prices tend to move sideways for too long than day traders would like to see it be that way.
The Bitcoin mining difficulty has its part to play. Several bitcoin miners very clearly display what is under their hoods and this gives an insight into what those who are mining Bitcoin are up to.
The logic behind cryptocurrency per some propaganda is that everyone will be able to be their own bank. However, that need not be the actual case. Bitcoin is all about freedom of choice. Those who do not like it need not use it. Those who think they can improve Bitcoin can contribute to it. If those in the network are not able to convince the rest in the network about a particular technological upgrade, they simply fork off.
Several thought leaders are popping up in social media channels. Cryptocurrency influencers as named by Bitcoin.com in terms of their follower count on Twitter for instance “Justin Sun (2M), John McAfee (1M), Vitalik Buterin (892.7K) and Charlie Lee (831.3K).”
This just means the cryptocurrency influencers have a method of creating an impression in the minds of the people about the Bitcoin. Named above, are just a few from a big bunch of them doing the spreading the news about crypto capabilities in one way or the other.
Sydney Ifergan, the crypto expert tweeted: “Bitcoin (BTC) does not wait for anyone to come or go. It is here and those who are smart make use of it. Those who naysay continue to do it while others make hay while the sun shines.”
There is a golden period for every token. The days of hype of Bitcoin are over. Though several other cryptos are coming to win their share of investors, Bitcoin continues to be the king.
Bitcoin (BTC) Dramatic Adoption
The most recent news is that it is becoming possible to buy Bitcoin in India and the demo videos are available in several Indian languages through Wazirx. Though the regulatory scene is not clear, adoption is either crawling, walking, running, or rocketing based on opportunity.
Bitcoin is getting a multi-linguistic exposure in a country like India where the population is super high. The results are yet to unfold. When the adoption happens, it is sure going to be dramatic.
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