The Bitcoin Bubble?
“ Beware buyers ”, warns US regulators of bitcoin’s dangers, that surged by over 1700% this year. Bitcoin is like the musical chair game. Everybody knows that music will stop and there will be people left out with no chair to sit on. Still the game is a thrill! Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator ( Wikipedia ). Many of us might have heard about Bitcoins after it was acquainted with most notorious nature. For an ordinary person, who does not understand what Blockchain Technology is or how it works, it is the magical elixir to multiply ones money manifolds. In 2010, ‘ SmokeTooMuch’ unsuccessfully tried to auction 10000 BTC for $50. And today one might be shelling out millions of dollars for the same. As a fact, had one waited for 7 years, he would have been richer than Bill Gates now. However, this was not as simple as the mainstream media wo...