The world of Cryptocurrency – Tending Towards a large fall or a greater rise?

Is Cryptocurrency Moving Towards Greater Rise or Large Fall

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Since the introduction of Bitcoin and the wonders of Blockchain by Satoshi Nakamoto into the world of Cryptocurrency, Bitcoin has ever been in the news, and its price presently increased to a new height now. From the beginning of the concept of cryptocurrency, there were assumptions that cryptocurrency might not be sustained for a long time, especially in a world of laws and orders, and where centralized system of banking persists. But contrary to this, the cryptocurrency has skyrocketed and broken its own very records, when it was announced that Bitcoin rose to $7500 per coin this month.

Unlike in other investments where a sudden drop would force investors to pull out and sell their stakes, investors in cryptocurrencies would rather hold onto their coins. A popular term known as “HODLERS”. in the crypto-world.

Early investors underestimated the value of bitcoin, calling the entire system a mere bubble that would soon burst. However, those who trusted in it proved them wrong, as it’s price rose in value.

How Perfect is Bitcoin?

Bitcoin is not a perfect currency because it comes with its many limitations. As the number of transactions increases on blockchain, pressure increases, pulling down the entire system. Bitcoin miners are therefore faced with a humungous challenge of either increasing the blockchain size or reducing the number of transactions per block, so as to enhance the overall speed and efficiency. However, this would also increase the number of challenges – causing centralization of currency, which miners are seriously worried about. By increasing the blockchain size or reducing the number of transactions per block, only miners with bigger computing powers would be able to make profits as fees per transaction will be drastically reduced and small miners will suffer.

The world of Cryptocurrency – Tending Towards a large fall or a greater rise?

So with all said, what Bitcoin and cryptocurrency in general holds for the future is something that only time can tell. Nevertheless, one thing is very sure, that there is high tendency for cryptocurrency to rise in future. This is because every facet of business is employing blockchain into its operations to retain their investors and to heighten their security.  If a business continues in the old-school way, there is tendency that in future, its investors might drift to their rivals who have adopted the blockchain technology in their operations. Therefore, blockchain is indeed the technology of the future, and if predictions are right, cryptocurrency will tend towards greater rise.

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