King of Cryptocurrency-BITCOIN : Do you know why?

Bitcoin is first ever launched cryptocurrency by satoshi nakamoto. There are many forks of bitcoin in crypto market. also there is thousands of other coins available in the market that is called alt coins. So market is depended on bitcoin and altcoins and every alt coins directly tradable with bitcoin.

BTC is also called as a digital gold because it is the most expensive currency in the world. Instititional investors are involved in bitcoin and some are doing but hiding themselves and unexpectedly they can change the movement of bitocoin. why ? because our crypto market is still small and that's why most of the time technical analysis is failed here.

source

Well technical analysis is more effective in forex and stock. But i don't think that it is work perfectly in crypto market. well it is topic of debate so i do not want to talk more about it. it's all time high was $20,000 in December 2017. well here i am gonna discuss two important points with you.

If you want to see true decentralization in crypto currency then this is the one of the major coin that is more decentralized than others. Because bitcoin has no end and It will never go to zero. Goverment has no controll on bitcoin.

They can't completely ban the bitcoin that's why i said bitcoin is more decentralized. bitcoin means Your money in your hand. If i talk about paper currency then there is no limit of printing. Paper currency going to become a cheap day by day. But bitcoin is the currency that value will always rise and there is no doubt.

source

Yes it can fall for short time but it is profitable for long time and that's why bitcoin long term holders don't need to care about anything. As i said in my previous post that if you want to hodl your bitcoin then don't do it in any exchange.

Instead of this buy a ledger wallet and save your bitcoin in that wallet it is most safest and you are the owner of your money. Let me remind you one dangerous action that taken by our indian goverment in 2016. After that you will clearly get what i want to say by true decentralization. well it is demonetisation by BJP goverment.

It affected a lot to the GDP growth rate. you can see the current growth rate of GDP of india. it is at lowest point. This all happened because of demonetisation.

source

So you can't believe in paper money. If you have bitcoin then you don't have to worry about even financial crisis. Your money is safe here.

Halving is most interesting thing in bitcoin. It is the system that reduce the reward of miners and cut the supply to improve the value of bitcoin. So it is like double benefit. how? let me say you....

Halving cut the supply of bitcoin so that mean every 4 years people will get less bitcoins to buy in the market as compared to past years. So it will increase the demand of bitcoin.

Already there are lots of bitcoin has locked and no one able to access those bitcoins. Second thing is users of bitcoin are increasing and institutional investors and small investor are coming in bitcoin and as i said halving will cut the supply in every 4 years.

So now you can understand the whole scene. Your bitcoin is going to become a more expensive in coming years with guaranty. So that's why long term holders of bitcoin has don't need to worry about anything.

At last I want to say...

I also thanks to our captain @cryptokannon and the newcomer's Team.

On Steem Blockchain we show our activities on a daily basis. It is very Interesting method and keep everyone gentle.
so as the various contests. This contest is very important for everyone. we made challenge #thediarygame that is never ending.

Thanks with @briiana

Cc:-
@steemitblog
@steemcurator01
@steemcurator02

I Think the price of Bitcoin (BTC) will be 30K USD.

King of Cryptocurrency-BITCOIN : Do you know why?

At last I want to say...

17.00% | From: @briiana!

Looking for a new project/investment?