July 1st 2020 - TechRobotica - Back in early 2017, when I first ventured into the world of cryptocurreny, I was awestuck by the revolutionary and rebellion narrative behind the invention of a decentralized economic currency called Bitcoin. The revolutionary idea of not having any gover
Even since the emergence of Bitcoin, a debate about its future and that of other cryptocurrencies has sparked much debate in the world of investments and technology.
Despite Bitcoin’s exponential rise beyond 19K, followed by an overwhelming crash in 2017,
According to me, it is a double edged sword and has the potential to go either way! What is the underlying value of a Bitcoin? Nothing tangible right? The only value is the trust and hope of having an alternative decentralized main stream transaction syst
If (a big "IF") in near future Bitcoin gets an ETF verification, and more importantly if more and more people start using it as a mode of transaction, I would certainly buy into the hype.
Till then, I would treat bitcoin and its other sister cryptocurrencies as an interesting medium to make quick profits by playing the volatile fluctuations smartly, and not making it part of any long term future investment strategy.
As you can see in techRoboticas business intelligence platform for investment management, the exponential rise of Bitcoin in 2017 was certainly facinating! Does the chart resemble the famous (rather infamous) "Tulip Mania"?.
“Bitcoin is like a double edged sword! It has the potential to go either way!”
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