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BITCOIN is the cryptocurrency that soars To Record high

Posted by curator  full address ~14 days ago


Bitcoin 'mining' goes from enthusiasts to gaint enterprises as digital cryptocurrency. The value of bitcoin reported to be highest on friday, following a split in the cryptocurrency in the earlier week.

By contrast, the breakaway strand called bitcoin cash is not doing so well.
The cryptocurrency's exchange rate certainly jumped 16 percent to $3,292.41, reported Bloomberg scored. At the same time, the price of its new counterpart, Bitcoin Cash, subjected 62 percent to $274. But the rising price of bitcoin seems to indicate the split has, initially at least, been a step in the right direction for the digital currency. Some bitcoin transactions will move off the main network later this month as the new system starts to kick in.
The split that spawned Bitcoin Cash followed a feud over the best way to upgrade the cryptocurrency's underlying technology, which has slowed with bitcoin's growing popularity.

ACCRODING to data provider Coin Marketcap. Bitcoin cash, the offshoot bitcoin cryptocurrency is worth $7.6 billion. All the bitcoin cash in circulation of around 17.1% of bitcoin's total market value of $45 billion. This makes bitcoin cash the third most valueable cryptocurrency, after bitcoin and ethereum.
Most of the people who have good knowledge about cryptocurrency appear to agree that Bitcoin and its newer rival Ethereum have staying their own power, though they may be more bullish on one versus the other.

Any currency exites only because of these two parties(a buyer and a seller). We might agree that chicken bones are currency, cigrettes are currency. Today we all use paper currency as money, a medium of excahnge.
I don't able to understand that why bitcoin can't also grow and became vaible currency, if some enough people accept it, then it will be a currency.
Bitcoin in 2016 is as real as amazon and priceline in 1998. But instead this bitcoin has great growth in last few days.
 

 

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