- the impacts of bitcoin over cryptocomunity
the impacts of bitcoin over cryptocomunity
Bitcoin the top cryptocurrency have a lot of special characteristics among other virtual currencies. For the past few years the growth and usage of bitcoin have improved unexpectedly. Bitcoin has proved its domination among fiat currencies and other cryptocurrencies. Why bitcoin is facing this spectacular reach among people and business enthusiasts. Because bitcoin is acting as an open source, more secured, and having the highlight of decentralization. After the arrival of bitcoin it becomes the root for lot of bitcoin business startups and that's why there are lot of exchange websites still remains their demand. Meanwhile bitcoin serves as a business source, since its offering lot of business related opportunities. Bitcoin wallet, bitcoin faucets are some of the example bitcoin business sources. There are many service providers are available to provide bitcoin wallets, Bitcoin exchange software, and etc.
let's get back and discuss in detail about something new about bitcoin!
Volatility & Liquidity: A comparison between bitcoin & its Alteranative Cryptocoins
Crypto community always opens for new crypto coins, but why these happens?
Willy Woo – Cryptocurrency enthusiast says .
”Tthe arrival of new crypto coins shows that there is a battle to become the general payment coin.”
Yes, of course, he is exactly right, there is a war between bitcoin and altcoins. But the thing we have to accept here is bitcoin has already accepted as a payment option over many organizations. Liquidity and volatility are the most important factors for a coin to be useful for general trades. If there is high volatility there's too much of risk to hold findings, wallet recharge, and merchant fees will be high.
Achieving the low volatility than sheer liquidity will be the key to mass adoption hence bitcoin fulfills that. For example, if nobody uses your coin because of high volatility then there is no use of having the liquidity to assist in lowering merchant fees. The comparison of volatility and liquidity between bitcoin and other crypto competitors(monero, dash, zcash,shadowcash) results that, the newly arrived coins are meeting high volatility in their beginning where bitcoin remained lower.
Bitcoin Hedge Against The Traditional System: Could It be New Gold?
Bitcoin has traditionally seen as a safe asset for investors to invest When uncertainty and risk are high.Likewise, bitcoin now attracted the investors when uncertainty and risk are high.
Bobby lee, CEO of one of the popular exchange in china says that “ The world is starting to realize that As like the gold, bitcoin is a great hedge against the system since it is outside of system.”
Indian Bitcoin Infrastructure Becomes More Robust!
Unlike other regions, Indian bitcoin marketplace has robust infrastructure, with reputable bitcoin exchanges. The top three exchange websites in India are offers necessary infrastructure for Indian traders to trade bitcoin with ease.
The CEO of Unocoin, says that,
“before two years, I had to explain to the people to what is bitcoin, but now they are well aware of bitcoin and its usage”.
And he states their company earn over 1.27 lakhs of users in just two months of period” Currently, the price of bitcoin is above 1000$, hence the rise in the values has achieved from the demonetization of bank notes. We can strongly say that it will cause the bitcoin to rise further in a feature.
Sandeep Goyenka, CEO if Zebpay states for a local publication in India, says they have met 50% of increase in zebpay downloads.
Bitcoin Business With Bitdeal:
AS we discuss above in the start of the article, bitcoin provides a lot of business source for traders, business enthusiast and also for common people. Why not make a try? Start your bitcoin exchange business in India. Since the country has the robust infrastructure in the bitocin marketplace. Now it is easy to setup a bitcoin exchange website. You give us Idea We give you the solution!
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